Home I Latest News I Betfair Exchange & Placing Bets Explanation
In this article, we introduce the Betfair Exchange in detail and explain the advantages for the players. The provider has founded the world’s first betting exchange and has more than 4 million registered users, which makes the company one of the largest online gambling companies in the world. Especially the extremely attractive odds are interesting for the users.
First of all, it should be noted that Betfair users generally pay very little on their bets. The Betfair Exchange does not integrate the fees into the odds but takes a small share of the profits. This means that fees are only charged for one win.
Betfair is currently offering new customers a special bonus for horse racing. Customers get their money back as cash if their horse goes odds on in-play and loses. This offer applies to specified races or meetings each day, see schedule for details. Win market only. £10 max refund, min odds 4.0. T&Cs apply.
To take advantage of the offer, simply click on the button below.
Join Betfair Now!
Afterwards, you will see the following page:
The proper promo code has already been entered. Once you click on “Join Now” you may log into your account and start placing bets.
The Betfair exchange homepage is well structured and provides you with a great overview of all events. Please be aware that Betfair also offers a regular sportsbook. Therefore you need to make sure that you have opened the Betfair exchange. You can do so by taking a look at the top left corner of your screen.
Now you can choose which types of sports you want to bet on. First, click on “Home” and then choose from the sports on the left side. Betfair offers more than 20 different sports to bet on. The sports are sorted in alphabetical order which makes it easy to find the event you are looking for.
Additionally, sports highlights are displayed right in the middle of your screen. Above that, you can see additional features such as promotional offers, expert opinions, and previews. If you are looking for in-play events you need to scroll down a little. A selection of currently ongoing games will appear on your screen. If you want to see further matches, you need to click on “View all Football” for example.
Betfair offers its customers many betting markets. The exchange provides especially large amounts for football matches. Therefore we will take a look at the upcoming Champions League final 2018/19 betting markets.
As you can see, all main betting markets are automatically displayed in the middle. If you are looking for additional markets, please look at the left-hand side.
Overall the sporting selection is greater than what is offered by most other bookmakers. All of major sports and leagues are covered and there are usually many betting markets for each fixture.
Please check the table below if you want to know what sports you can bet on in the Betfair exchange:
Placing a bet in the Betfair exchange differs from betting with a regular bookmaker. When placing a bet at a bookmaker website, you can only back the outcome of a certain event. Basically, you bet on the occurrence of a specific result. Betting exchanges add another way of betting. Here you can also lay bets, which means that you are betting against a certain event to happen.
The blue column on the left represents the current best back prizes. If you want to bet on Tottenham to win the game, for example, you need to place a back bet that selection. If you want to bet against Tottenham to win the game, you need to place a lay bet.
Placing a lay bet with Betfair exchange is very easy. First, you need to add your selection to your bet slip. Afterwards, just choose your stake and your liability will be displayed. Now you just need to click on “Place bets” and you are good to go.
If you are interested in further information about Betfair, feel free to check our official review. We went into detail on how the company was founded, which live streams are available and their main benefits for you as a customer.
Betfair offers a decent range of payment options so that every customer will find a way to easily deposit into their sportsbook accounts. The following table gives you a quick overview of the most important payment options and their fees and limits.
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