| Maximum Bonus: | £100 |
| Offer type: | New Accounts |
| Sports Betting Offer: | Yes |
| Maximum Bonus: | £100 |
| Offer type: | New Accounts |
| Sports Betting Offer: | Yes |
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 Exchange free bet offer.
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.
After clicking through to the Betfair Exchange 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.
We recommend that the Betfair Exchange free bet should not be the only reason you decide to register a new account and that you read the full review before doing so.
From 14th April 2020 gambling companies in Great Britain will not accept credit cards as a funding method.
| Method | Min | Max | Processing Time | Fee |
|---|---|---|---|---|
| £5 | 0 | Instant | 0.00 | |
| £5 | 0 | Instant | 0.00 | |
| £12 | 0 | Instant | 0.00 | |
| £10 | 0 | Instant | 0.00 | |
| £5 | 0 | Instant | 0.00 | |
| £5 | £400 | Instant | 0.00 | |
| £10 | 2-5 Days | 0.00 | ||
| 0 | 0 | 0.00 |
| Method | Min | Max | Processing Time | Fee |
|---|---|---|---|---|
| 0 | 12 Hours | 0.00 | ||
| 0 | 12 hours | 0.00 | ||
| 0 | 12 Hours | 0.00 | ||
| 0 | 2 Days | 0.00 | ||
| 0 | 2 Working Days | 0.00 | ||
| 0 | 2 Working Days | 0.00 | ||
| 0 | Next Working Day | 0.00 | ||
| 0 | 2 Working Days | 0.00 |
Welcome to this Betfair Exchange Review
Opening an account with Betfair allows you to use both the exchange and sportsbook.
| Sport | Rank | Percentage |
| 1st | 44.4% | |
| 1st | 40.3% | |
| 2nd | 20.8% | |
| 2nd | 33.8% | |
| 2nd | 42.3% | |
| 2nd | 38.4% | |
| 5th | 16.1% | |
| 5th | 14.9% | |
| 6th | 33.9% | |
| 6th | 11.1% | |
| 6th | 7.6% | |
| 6th | 27.3% | |
| 7th | 12.8% | |
Above are details on which sports Betfair was 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.
If you are unsure of any aspect of the Betfair exchange why not check out the brilliant Exchange Education videos.
Here you can learn about more ways to bet and more ways to win.
The videos include a host of helpful topics including:
In 2012 Betfair launched a sportsbook to compete with mainstream bookies, they are renowned for being competitive with their odds.
In recent times the Betfair Sportsbook has forged it's own path in relation to offering exclusive odds, rather than following the on-course market.
This can result in better odds than are showing on your TV screen.
Betfair should always be checked to see how their odds differ from other bookies, especially overnight and first thing in the morning, in many cases you can get better value.
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 better price for horse racing tips you might be following.
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 (6/4) but you can request 3.0 (2/1) 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 Exchange 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. This will include events such as the Cheltenham Festival, so why not grab your Cheltenham Tips and use Betfair to make your bets, qualifying for live streaming of the races on the go at the same time! Great idea eh?
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 now only offered on the sportsbook, we suspect that this along with other bookmaker features was a major consideration when Betfair decided to add a sportsbook.
Betfair Each Way Edge is a feature that we should all be taking note of.
This allows you to alter the place terms of your Each Way bet.
You can choose to add extra places for a small decrease in price, or remove places to increase your potential return – all from your betslip.
I suggest you run some testing to see if it improves your success rate, it is a great feature in my opinion.
Cash-out was introduced first at Betfair and quickly followed by other bookies. Betfair Cash Out is a function that enables you to close your bet if you are happy with the offer figure.
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 and is rightly one of the best betting sites uk .
If you are ready to sign up, click any of the links.
| Rating 4.70 out of 5 | ||
| Rating 4.30 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 exchange 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 on the Betfair app. So expect to see the likes of Each Way Edge 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.
If you have not used Betfair take a look at the carousel of screenshots below.
Betfair Review - Betfair Desktop
Betfair Review - Betfair Desktop In Play betting
Betfair Review - Betfair Desktop
Betfair Review - Betfair Desktop Tennis
Betfair Review - Betfair Desktop Tennis betting
Betfair provides an extensive range of promotions for existing customers. Once registered, you can browse one of the largest promotions areas of any UK bookmaker.
We highlight a few in this section, but why not click a link, open an account and take a look for yourself?
You will have to search far and wide to find a wider range of bet Builder options than Betfair produce!
The Bet Builder takes a couple of forms here.
You have to have a Betfair Sportsbook or Exchange Account - Create one here.
Same Game Multi is presented for individual games to make your selections from.
The #OddsOnThat section is those that have been created previously on request or perhaps from the SGM section.
Of course, you still have the option of considering your own and tweeting Betfair, but with the Same Game Multi function, the odds are built right there and then on the app, so it's a good time saver too!
I found well in excess of 250 different request a bet options for a single Champions League match
Try OddsOnThat with BetfairTaking a mid-week champions league game between Manchester City and Lyon we looked at just how many options were available.
For the same game multi, there were no fewer than 54 different markets you could combine to create your bet.
That was nothing compared to the options within the #OddsOnThat section.
There were a total of 137 bet options to choose from.
In addition, if there wasn't enough already there were further innumerable options for
And a bunch of Live Trebles based around 'Winner' + 'Corners' + 'Card Index' options
| Betfair Bet Builder Available Sports |
|---|
| Football |
| Tennis |
| Golf |
You can see the results of a full bet builder odds comparison we undertook, and are still undertaking in the dedicated article. Betfair has been consistently in the TOP 5 BOOKIES for Bet Builder prices from the 27 UK bookmakers offering the service.
27 Bookmakers bet builder prices compared. Also, which is the easier, and who are the quickest to respond on Twitter!
Find out moreAs described fully in our 27 best acca insurance offers article, this is Betfairs version, called Acca Edge.
This is unique to Betfair and is worth taking advantage of.
You do have to accept slightly diminished prices in return for extra places, but the Acca Edge is available across a range of sports.
Betfair Sportsbook also extends their best odds guarantee promotion beyond UK and Irish Racing.
BOG is also available on selected greyhound events from the UK and Ireland, they are certainly a bookie to consider if you like betting on the dogs.
As you would expect from Betfair there are a range of promotions for existing Betfair customers, both via the Sportsbook and the Exchange.
The Betfair My Rewards Programme gives you a choice of three rewards packages, you then decide which is best for you.
There are pros and cons for each package, it's really dependent on how you use Betfair.
However, along with sister company Paddy Power the rewards are some of the best available from any bookmaker.
This Betfair User guide will help you with some frequently asked questions.
As well as questions and answers, there is some basic step by step 'How-To's' as well, so you know what to expect when signing up.
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 heart's content.
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.
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.
BLUE BOXES are back prices. When you are betting that the selection will win - Backing
PINK BOXES are for when you are betting against the selection winning - Laying in other words.
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.
The answer is Yes. You can have separate accounts with both Paddy Power and Betfair
Paddy Power and Betfair merged to create paddy power betfair. That has morphed yet again into Flutter Entertainment but it does not affect your ability to have a registered account with both at this time.
The simplest analogy is to say that the Betfair Sportsbook is the equivalent of a traditional bookmaker, and the Betfair Exchange is similar to a couple of friends having a bet between themselves on the outcome of a race, a match, or whatever.
Everyone is likely to be familiar with how a bookmaker operates, so I shall just endeavor to outline the concept of an Exchange.
Prior to 1999, punters had the choice between bookmakers and the Tote as far as racing was concerned. Betting on football was limited to bookmakers, football pools, and fixed odds coupons.
When formed in that year, Betfair brought a new dimension to punters; they could literally bet against each other instead of pitting their wits against a bookmaker. As millions of punters could not be expected to apply for bookmakers' licenses, Betfair acted as a middle man, reserving (ring-fencing) the liabilities from accounts funded by both parties.
They returned winnings to one party after taking their cut (commission) for providing the radical new ‘service'.This meant that the bookmakers' over-round was replaced by a virtually 100% book, subject to the deduction of commission.
In general, this led to higher odds being available; better for backers, but particularly bad for the new breed of layers, many of whom quickly found that it was not the get rich quick scheme they had envisaged. It was now a battle between two bettors (albeit a loose term in this context) with opposing views.
The odds were in effect bartered until a point was reached that both parties were prepared to accept.
They included the following.
#1. It could not offer fixed odds without a bookmaker's permit.
#2. Bonuses, promotions, and free bets could not be awarded. They had no funds of their own in this sense with which to fund them, and could not impose the liability on another punter.
#3. Multiple bets were not possible.
Betfair could now offer services associated with a traditional bookmaker as well as its established Exchange format.
They expanded their offering substantially to include an online casino, poker and hundreds of slot games.
It could also offer a punter the choice between Exchange odds (on the Exchange) and Fixed odds (on Sportsbook).
All are available from the same login and don't need to be funded independently.
The most fundamental difference is of course that Sportsbook is a bookmaker and you will be unable to place a lay bet through this part of the site.
On Sportsbook, punters are guaranteed liquidity by Betfair (the bookmaker), so bets do not rely on being matched by a punter with an opposing view. If accepting odds already displayed on the exchange, you are matching an offer, so both bets are deemed to be matched.
Odds will be different. With Betfair acting as a bookmaker in the Sportsbook scenario, there will be a built-in percentage in the market, similar to a traditional bookmaker. Unlike on the Exchange, the punter pays no commission on winning bets as this has been replaced by the over-round in the market.
In Sportsbook, the odds are now set by Betfair, although they will move in line with market trends. From this, it follows that, as a punter, you can't offer your own odds on Sportsbook in the same way as you could on the Exchange.
Bonuses, promotions, and free bets may now be offered on Sportsbook. Refunds and cash credits are the only options available on the Exchange.
Multiples are available on some Sportsbook markets, but not on any Exchange market
Yes, you require only one account with Betfair to use either the Exchange or Sportsbook.
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.
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 Card withdrawals are typically processed within 2 to 5 days, e-wallets will be quicker in most cases.
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.
