Full guide to everything you need to know before you click the link and sign up.
Below you can see details of the current Betfair sign up offer.
Betfair offers a matched free bet for new customer sign-ups.
You will see the significant terms of the offer which you need to take into account before clicking on the advert and registering your new account.
Betfair has a welcome offer that is getting rarer with bookmakers these days.
After clicking through to the Betfair Matched Free Bet offer landing page you will then see the full terms and conditions of the offer.
Please make sure that you read through and understand the terms and conditions of free bet/bonus/promotion offers prior to signing up for any bookmaker.
If, after reading the significant terms, you are ready to open your Betfair account then click on the link below.
For regular sports bettors, choosing a bookmaker account to bet with regularly goes far beyond the sign-up offer details.
For more information about the benefits of betting with them and why a Betfair account is so popular with regular sports bettors, read on.
| Method | Min | Max | Processing Time | Fee |
|---|---|---|---|---|
| 0 | 12 Hours | Free | ||
| 0 | 12 hours | Free | ||
| 0 | 12 Hours | Free | ||
| 0 | 2 Days | Free | ||
| 0 | 2 Working Days | Free | ||
| 0 | 2 Working Days | Free | ||
| 0 | Next Working Day | Possibly | ||
| 0 | 2 Working Days | Free |
Welcome to this Betfair Review, we take a look at both the Exchange and the Sportsbook.
Opening an account with Betfair allows you to use both products and we highly recommend having a Betfair account for so many reasons!
| Sport | Rank | Percentage |
| 1st | 42.1% | |
| 2nd | 41.4% | |
| 2nd | 33.4% | |
| 2nd | 33.7% | |
| 2nd | 32.8% | |
| 3rd | 30.8% | |
| 4th | 47.1% | |
| 5th | 25.0% | |
| 5th | 38.8% | |
| 7th | 39.8% | |
Above are details on which sports Betfair were most competitive last month.
The percentage figure demonstrates how often they were best odds, or joint best odds for each sport when compared with other bookmakers
EG: 60% means if you used only this bookmaker for a sport, you would have got the best odds 60% of the time.
Once you have an exchange account you can take positions within sports markets deciding that an event may happen (Back) or that an event may not happen (Lay).
Thousands of customers are competing against each other backing and laying daily, they are taking advantage of generous prices offered by opposing Betfair customers.
In 2012 Betfair launched a sportsbook to compete with mainstream bookies, they are renowned for being first up with the sportsbook betting odds especially on horse racing.
If you want an early value price then you need a Betfair account.
Because they have both an exchange and a sportsbook it really is a one-stop site, if you want to lay a horse, or place a football acca on the same platform then you need to sign up.
Betfair regularly offer sign up bonuses for new customers on both their sportsbook and exchange.
They also reward customers with freebies when a customer uses both the exchange and the sportsbook.
In the 21st century all bettors should have an exchange account, Betfair as the market leaders should be your first port of call.
If you are ready to sign up to this must have account click the link, if not please read on.
Betfair is the World’s busiest betting exchange and has the largest number of customers.
Having the most customers gives Betfair best liquidity of all the exchanges.
This liquidity is a major consideration when looking to get a bet matched or looking for a price away from the standard.
Exchanges, in general, offer bigger odds than traditional bookies, as there is no bookmaker margin built into the prices.
They also offer more markets and more market depth than anyone else, there should be an option that suits all bettors.
You should also get your bet matched earlier in the day than on other exchanges.
If you are looking for a back price than you can request the price on an event and see if it gets matched by another customer.
As an example, Manchester United may be readily available with the bookies at 2.5 but you can request 2.9 and see if someone will match the bet.
By taking better prices over a period of time you will increase returns and reduce losses
Only on exchanges can you always request a single price above what is currently on offer.
You can also act as a bookmaker on Betfair by taking bets from other customers.
You may decide that Arsenal are a poor price in their match against Tottenham and choose to bet against them (lay).
Another customer thinks Arsenal will win, the exchange matches your desire to bet against them with that customer who thinks they will win. If Arsenal lose you win the customers stake – exactly like a bookmaker does.
As a customer of Betfair, you also have the ability to trade on events and lock in a profit before an event has finished.
You can back or lay a selection, and if the price moves in your favour either in running or before an event has started you can win without risking any money, or have a free bet on the selection.
If betting in play is a consideration, then again Betfair due to sheer weight of bettors is an account that you should sign up for.
Events ebb and flow and are refreshed instantly on Betfair, again enabling the fastest finger to profit.
You can watch events unfold on Betfair live streaming service. You do need to have placed a bet on the event and have funds in your account.
All the streaming events featured can be accessed via the in-play section on the sportsbook.
The sportsbook was introduced to run alongside the Exchange and compete with mainstream bookies.
The sportsbook is often one of the first bookies with prices on an event, especially when it comes to horse racing, you can take a generous overnight price with the Betfair sportsbook before other bookies have priced up.
Accumulators are also offered more regularly on the sportsbook than the exchange, we suspect this was a major consideration when Betfair decided that they wanted to compete with the likes of Ladbrokes, William Hill etc.
Betfair cash-out was introduced first at Betfair and quickly followed by other bookies. Cash Out is a function that enables you to guarantee a profit regardless of the final result or cut your losses at any time.
You can take the full or partial amount of the cash-out offer.
For example if you have placed a treble and your first two legs of the treble win, Betfair will offer you a cashout figure before the third leg, you can then decide whether to take their offer or let the bet run its course. You will cut your expected profit but be guaranteed a return for your bet.
All in all, via the exchange or sportsbook Betfair has it all. If you are ready to sign up, click any of the links.
| Rating 4.60 out of 5 | ||
| Rating 4.40 out of 5 | ||
| Rating 2.20 out of 5 |
It seems that iOS users get the best experience from the Betfair app with the iOS review score looking extremely impressive to date.
The Betfair app scores less well on Android but still comes out very respectably and it's clear that users of both iOS and Android are getting a great service from the Betfair mobile betting app.
In contrast, Windows users haven't been getting a great experience from the Betfair mobile app and that is surely something Betfair will be looking to improve in the near future.
As you'd expect, installing the Betfair app is very easy on all devices, as most apps are. Just a few seconds after starting the download you should be able to get started with your bets.
Customers who sign up with Betfair through their mobile app are eligible for the current Betfair sign-up bonus.
That's great news for anyone on the lookout for a great new bookie, they can access this generous sign-up offer through a highly rated betting app.
Grab your welcome bonus then install the app
You can also gain access to the usual Betfair existing customer promotions too on the Betfair app. So expect to see the likes of Each Way Edge on the acca amongst the other great Betfair promotions.
Betfair's full live streaming service is compatible with their app, you'll be able to watch any live sporting events that you'd ordinarily be able to stream through Betfair on a computer on your mobile device.
So you need never miss your favourite sporting events when using the Betfair app.
The Betfair cashout feature is available to all customers on the Betfair app. If you decide you want to take your money and run from your bet then the Betfair app will allow you to do so.
Betfair Promos leads its rivals in offering us more promos.
After clicking the Betfair link just click the tab promotions when on Betfair.
The Betfair promos page had the following tabs for their offers, you just choose which Betfair promo you want!
All the Betfair promos offered real extra value and unlike many bookies we very straightforward to understand.
You could also opt-in to receive these Betfair promos via email after completing your Betfair sign up.
You can expect your email inbox to “ping” regularly such are the regularity of new Betfair promos.
When you join Betfair you will get the advertised Betfair promo on this page.
Once signed up to Betfair whether the sportsbook or the exchange you will get the Betfair sign up offer advertised on OLBG.
The majority of Betfair promotions were on the sportsbook as opposed to the exchange.
The Betfair sportsbook is competing with other bookies so tend to up their game on the sportsbook promotions.
Minimum Bet to Win Limit of £500: This means less restriction for horse racing bettors.
Best Odds Guaranteed: Those looking for the best prices (all of us), need a BOG Guarantee betfair delivers this.
Acca Edge: This is unique to Betfair and is worth taking advantage of. You do have to accept slightly diminished prices but the Acca edge is available across all sports.
There are no minimum odds once you have three selections or above, the Betfair Acca Edge is available.
The main reason for using the exchange is the ability to get better prices than a sportsbook.
Betfair promote their exchange prices front and centre, and most of their Betfair promo advertisements for the exchange are promoting their stand out odds.
They are big on promoting these bigger odds and regularly compare and contrast Betfair exchange odds with high street bookies.
Not as well known as the exchange or the sportsbook is the Betfair Casino.
However when we checked there were a lot of Betfair promos for free slots, spin offers + lumpy bonuses.
As described fully in our 27 best acca insurance offers article, this is Betfairs version, called Acca Edge
Get a free bet for picking winners!! Can't be bad, Betfair make racing more interesting when it's shown on ITV Racing with this offer.
If you have decided to open and create a Betfair new account this betfair sign up guide will answer all your questions.
If you are already fully informed, and ready to open a betfair new account just follow the simple bullet points below.
That is it!
The betfair sign up was very quick (4 minutes). It’s obviously been designed for speed and simplicity.
A betfair review from a long-standing OLBG member who has been betting for years summed up betfair.
“Betfair are the best by a country mile in my opinion and until you open a betfair account you are constantly losing potential profits.”
Now you have completed the betfair sign up page you can access both the exchange and sportsbook.
Betfair are the best by a country mile in my opinion and until you open a betfair account you are constantly losing potential profits.
Betfair avoid putting hurdles in your way that slow you down from betting with them.
Registration must not be too time-consuming, we have other things to do!
Betfair have removed all the unnecessary information they used to ask for, so the sign-up process has become really easy.
Betfair have made registration easy
All you need for a betfair sign up is
When registering you will have selected your betfair account currency you wish to use.
It is not essential to deposit funds into your account on registration, but to start betting immediately you will need to credit your account using one of the numerous Betfair payment methods.
Take advantage of the betfair free bet by depositing an amount more than £5.
You can find full details on depositing methods in the dedicated deposit and withdrawal section above.
Check the current betfair signup bonus to see what you need to do to qualify
And don't forget to check out the Betfair Welcome Offer for new customers
Just click on the 'My Account' icon, select the “Withdraw funds” button and select the payment method you would like to withdraw the funds to.
You need to click on 'My Account' (found at the top right-hand side of the home page) and select My Betfair Account from the drop-down menu, choose “Withdraw funds”.
Debit and Credit Card withdrawals are typically processed within 2 to 5 days
Yes, you require only one account with betfair to use either the Exchange or Sportsbook.
You only need one account to use the sportsbook and the exchange. There are 2 Mobile apps though - betfair Sportbook and betfair Exchange.
Betfair are now part of the Paddy Power group but you can still get a betfair free bet as well as a Paddy Power free bet. Betfair and Paddy Power are treated as separate companies.
Having a Paddy Power account makes no difference to your betfair sign up.
Betfair gives you the ability to bet against something happening by laying selections on the Betfair exchange. This trading facility allows customers to make a profit whatever the result is. Plus they give you a betfair free bet!
It amazes me how many people do not have a betfair account. Get real folks it is the 21st Century. Much better prices and much better bet options (lay and back).
OLBG Tipster - BetfairalfieThose boxes show the money and odds currently available on selections. Blue boxes are for backers of a selection, pink boxes are for layers of a selection.
You do not need to take these prices but can ask for a bigger back price, say 6.0 instead of 5.0, and a smaller lay price say 2.0, instead of 3.0.
The Betfair exchange is a platform where customers choose their own odds.
These chosen odds are them matched by another customer on the Betfair platform, and your bet is placed. The matching of your bet had previously been done by a bookmaker, now another customer (who you do not know) acts as the bookmaker.
This matching of customers and odds enables you to get bigger prices than you do with a traditional bookmaker.
In the above scenario, you can also act as the bookmaker, taking bets (lay) from other customers of the Betfair exchange.
If you lay a bet you are predicting that something will not happen.
You can back or lay bets on Betfair to your hearts content.
E.G : You decide that Liverpool will beat Manchester City, the odds from the bookmakers are 2/1 (3.0 in decimal odds).
On Betfair Liverpool are available to beat Manchester City at 9/4 (3.25 in decimal odds).
So you naturally take the better Betfair odds. These odds are being offered by another Betfair customer who thinks Liverpool will not win.
If Liverpool win the other customer pays you at 9/4 (3.25), (as a bookmaker would do).
If Liverpool lose or draw the other customer wins your stake, (as a bookmaker would do).
The Betfair Exchange brings opposing customers together, and allows them to back (support) and lay (be against) bets, without the need for a traditional bookmaker.
When you bet on the Betfair Sportsbook you are betting with a traditional bookmaker.
Betting on the Betfair Sportsbook is no different to betting with Ladbrokes, William Hill or any other bookmaker.
Betfair set the odds on offer, and they are in line with other bookmakers.
You can only lay bets on the Betfair Exchange, not the sportsbook. Laying a bet means you are opposing a selection, you are taking a backers stake, as a traditional bookmaker would do, (just imagine you work in a bookmakers).
To lay a bet is to back something not to happen. For example, to lay Manchester United is to back them NOT to win. If you were to lay them, you would win your bet if they either lost or drew their match.
On the Betfair Exchange, the back prices are in blue and the lay prices are in pink.
If you want to back a selection you click the blue button, if you want to lay a selection you click the pink button.
When you lay a selection you are taking the backers stake and giving them the odds on offer, you will pay out at the odds on offer OR win the customers stake.
If you lay a £10 customers bet at odds of 2.0 your liability will be £20.00, your payout will be £10.00. (The customers £10.00 +£10.00 from the 2.0 odds you laid at)
On the Betfair Exchange, you can view how much your payout will be before you lay the bet by using the "What If" tab.
Again just imagine you are working in a bookmakers and you are taking customers bets over the counter, you are the bookmaker.
It's always important to remember when laying a bet, you can only win the other person's stake.
The Betfair Exchange allows you to choose the odds you want.
If you can succeed in securing the odds you want from another customer, then you may well be getting more value than you do with a bookmaker.
Betfair allows you to bet against a selection, this allows you to act as a bookmaker.
You can back and lay the same selection on Betfair Exchange, securing a profit whether the horse or team wins or loses.
You can dutch (back more than 1 selection) on Betfair.
You can take advantage of horse racing multiples at the bigger Betfair Exchange odds.
You can bet in play on Betfair taking advantage of fluctuating odds.
When you bet on the Betfair Exchange, you are rewarded with Betfair points.
The more you bet on the Betfair Exchange, the more points you accumulate.
Betfair Exchange charges Commission on winning bets.
The more points you have, the less commission you pay.
The liability on Betfair is the amount you will have to pay out when laying a bet, the liability is shown in the top right-hand corner of your Betfair betting slip when placing a lay bet.
It also shows next to the laid selection on the event page
The liability is different to the payout, the payout includes the original backers stake.
