Betfair Review - How to Sign Up & Claim £10 Free Bet Offer

Detailed Analysis Betfair 2024

4.8/5
Welcome Bonus £20 in Free Bets
Neteller
Skrill
Paypal
Bank Transfer
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by
Spencer Poole
Updated
01/01/2024

Betfair might be more well-known for running the world’s largest online betting exchange, but they also manage a thriving sportsbook with some of the best variety in the UK market. This review will give you a full analysis of what Betfair UK has to offer so you can decide whether it’s the right sportsbook for your betting needs.

4.8/5
Welcome Bonus £20 in Free Bets
Neteller
Skrill
Paypal
Bank Transfer
18+, BeGambleAware, Play Responsibly, #AD
Overview
Pros and Cons
🎁 Bonus £20 in Free Bets
💳 Payments Neteller, Skrill, Paypal, Bank Transfer, Paysafecard,
⚽ Sports Football, Basketball, MMA, Boxing, Motorized Sports, Baseball, Handball, American Football
🛡️ Licence 39439
🕘 Updated 01/01/2024
Pros
Large and trustworthy brand
Great variety in competitions to bet on
Fantastic betting exchange
Dedicated iOS and Android app
Cons
No phone or email customer service support

Latest Bonuses (may 2024)

£20 in Free Bets
Min. deposit
£5.00
18+, BeGambleAware, Play Responsibly, #AD

Betfair Review

Even though they’ve been in operation for less than 25 years, Betfair has already grown into the largest online betting exchange platform in the world. Alongside this, they also operate a thriving online sportsbook with some of the best odds and most diverse markets around.

Any punter looking for a large and reliable bookmaker with some incredible market variety will feel right at home at Betfair.

Our Betfair review will give inquisitive bettors all the information they need to know to get started on the site. This includes information on how to register and login, available bonuses and promotions, local and worldwide betting markets, odds, features, deposits and withdrawals and more!

Is Betfair Trustworthy?

Yes! Betfair wouldn’t be the global brand it is today without earning a reputation as a trustworthy establishment.

Betfair is a British owned and operated company founded in 2000 by Andrew Black and Edward Wray. The company’s UK headquarters is in Hammersmith in Greater London, while their international operations are run from offices in Malta and Cueta, Spain.

Betfair’s parent company, Flutter Entertainment, has over 14,000 employees worldwide serving more than four million users in 40+ countries.

Licences and Registration

As a British-based company, Betfair has all required licences and registration from the Gambling Commission to operate in the UK both as a sportsbook and as a casino. Betfair also holds additional licences to operate in several other countries including Brazil, Italy, Mexico and Spain.

Responsible Gaming

Betfair is incredibly committed to making sure punters are gambling safely and responsibly through their standalone Responsible Gambling site. The site offers a variety of tools and services for customers in need of support.

These tools include deposit and loss limits, reality checks (notifications that punters get when they’ve been on the site for a certain amount of time), and time out (self-activated) suspension from your account between 1-30 days).

Betfair’s safer gambling site also offers helpful information on how to spot signs of gambling addiction, tips for betting responsibly, and links to outside organisations who can offer counselling and financial advice.

Betfair Odds

Betfair has some of the best available odds among the top UK bookmakers. They consistently rank above average when it comes to football odds, and offer some of the best odds around in sports like rugby union, American football, and baseball.

These consistently quality odds in a variety of sports are a big part of why Betfair is a leader in the UK sports betting industry.

Multiples Betting

Betfair multiples betting allows confident customers to enhance the price of their bet by adding multiple legs in different markets. Betfair allows multiples containing between two and eight different legs, with the odds determined by multiplying the odds for each leg together.

Multiples betting is a great way for risk-takers and experts to get better odds and higher payouts.

Odds Boosts

Betfair has a wide variety of daily football odds boosts. Odds boosts make the odds of a certain bet more favourable for a limited time.

For example, an odds boost could move the line on an intriguing football multiples bet from 8.0 to 11.0, making the bet more enticing for punters. These odds boosts change daily and are available in a wide variety of leagues and competitions.

Betfair also gives the customer some control with the My Odds Boost promotion. This promotion gives punters tokens which they can use to increase the odds of any horse racing or greyhound racing selection.

Betfair Sports Betting Markets

As one of the largest bookmakers in the UK, Betfair makes it easy for punters to bet on each of the UK’s most popular sports.

Betfair offers a wide variety of markets for all the biggest sports, including football, cricket, rugby, tennis and more. Read below to learn more about Betfair’s most popular sports betting markets.

Football Betting Markets

Football is far and away the most popular sport in the UK and around the world. At Betfair, football is prioritised by offering odds on a world-spanning variety of leagues and competitions.

Bettors can place bets on a host of football competitions within the UK including the Premier League, Championship, League One, League Two, FA Cup, EFL Cup and more.

Odds are also available for a host of international leagues and competitions.

Betfair offers a robust assortment of market types for football betting including Asian handicap, match odds, first goal, goalscorer markets, and over/under.

Cricket Betting Markets

Cricket is another one of the UK’s most popular sports, and at Betfair, cricket fans are sure to get good odds on multiple national and international cricket competitions. Betfair offers odds on multiple cricket competitions including the ICC Cricket World Cup, the Caribbean Premier League, the Indian Premier League and the Ashes Series.

Betfair offers plenty of choices when it comes to cricket market types, including match winner, toss winner, man of the match, top run scorer, top wicket taker and more.

Rugby Betting Markets

Betfair offers competitive odds on major Rugby League and Rugby Union competitions. These include the Premiership Rugby Cup, the Rugby World Cup, the Rugby Super League, and the Australian National Rugby League.

Customers can bet on rugby market types such as match winner, handicap (two and three way), winning margin, total points, correct score, in-play and more.

Tennis Betting Markets

Home of Wimbledon, tennis has long been one of the UK’s most beloved sports. Betfair’s variety of tennis betting options makes it a great site for any tennis-loving punter. With Betfair, tennis fans can bet on the ATP Tour, WTA Tour, and ITF matches including grand slams and the Olympics.

Interested customers can put wagers on all sorts of market types including match betting, set betting, handicap betting, correct score, in-play betting and over/unders.

Betfair Bonuses and Promotions

Betfair knows how to treat its customers right and offers plenty of varied promotions for new users and seasoned veterans alike.

Read below to learn how to take advantage of Betfred offers and promotions for both new and existing users. These offers include the Sign-Up offer, the Refer a Friend program and the My Betfair Rewards program.

Sign-Up Offer

With Betfair’s new sign-up offer, new UK customers are eligible to receive £30 in free bets by registering and betting a minimum of £10. Your first bet must be placed within 30 days of registration at a cumulative price of 1/2 (1.5) or greater.

Make sure to use Betfair’s new customer offer sooner rather than later. as they’re only valid for 30 days after issue. Any free bet left unused after 30 days will be removed from your account.

Referral Bonus

With Betfair’s Refer a Friend program, you can get up to £50 in cash by bringing new customers to the site.

To start, login to your account, go to the ‘Refer and Earn’ link on the navigation bar, and copy your referral link. You can then send this link to your friends and family so they can sign up for a Betfair account using your referral. For each new customer you refer, Betfair will deposit £10 in cash into your account, with a maximum of five friends.

But, before you go off sending links to everyone, here’s a list of requirements you need to follow to receive your bonus:

  • You and your friend must both be from the same country
  • You must have made at least one deposit using a debit card or ApplePay
  • Your friend needs to bet at least £10 in his first 60 days on the site

Loyalty/Rewards Program

The My Betfair Rewards program is a unique promotion that allows customers to choose the benefits they receive. With three separate rewards options to choose from, punters can pick the one that best fits their betting style. Below are the three rewards packages and some of their bonuses.

Betfair Rewards+ Package

  • 10% refund on losses up to £100
  • £10 Free Acca
  • 2 Free Plays on Beat the Drop
  • Eligibility for Cash Race
  • 8% commission on exchange bets

Betfair Rewards Package

  • £5 Free Acca
  • 1 Free Play on Beat the Drop
  • Cash race access
  • 5% commission on exchange bets

Basic Package

  • Pay just 2% commission on exchange bets

Betfair Events

Betfair might be based in the UK, but they’re still a global bookmaker with odds available on a variety of sports, competitions and events around the world.

In football, Betfair offers plenty of odds on competitions outside the UK. These include foreign leagues (LaLiga, Serie A, Bundesliga, etc.), continental competitions (Champions League, Copa Libertadores) and international events (World Cup, Euro Cup, AFCON, etc.).

Punters can also bet on all major American sports including the NFL (American football), MLB (baseball), NBA (basketball), NHL (ice hockey), and NASCAR.

Other popular sports available on Betfair include boxing, cycling, eSports, golf, Formula One, and horse racing. Adventurous punters can even bet on politics and other world events such as who the next UK Prime Minister or Pope will be.

Betfair Sports Betting Features

Betfair offers customers many unique features to enhance their online sports betting experience.

Read below to learn more about some of Betfair’s sports betting features including cash out, live streaming and Betfair’s Bet Builder.

Cash Out

Cash out allows Betfair customers to settle their bet early, even if all parts of the bet haven’t finished.

For example, let’s say you make a multiples bet on the outcome of three football matches and have already successfully guessed the result of the first two. With Betfair’s cash out feature, you will have the opportunity to settle your bet early for a reduced return, regardless of the outcome of the last match.

Cash out is available on lots of Betfair’s sports offerings including football, tennis and horse racing.

Live Streaming

One way that Betfair differentiates itself from the competition is with its streaming service, Betfair Live. Betfair Live allows you to livestream horse and greyhound races in the UK, Ireland, UAE, Australia and Singapore. By putting down a bet of £50 or more on a race, you’ll have full access to the stream.

Live streaming can be incredibly advantageous for punters who prefer live betting. The site allows you to place bets on the fly while watching, enabling expert punters to perfectly time their bets.

Bet Builder

Punters interested in multiples betting can use Betfair’s Bet Builder to place a multiple bet within a single football match from a variety of markets.

For example, if you want to bet on the match result, winning margin and total goals for a particular match, you can combine them into a single multiple bet with increased odds.

Betfair Exchange

Betfair has an incredibly popular and reliable sportsbook, but the company might be even more well known for running the world’s largest online betting exchange.

Unlike a sportsbook, a betting exchange involves customers betting against themselves, with the host site taking a small percentage of the winnings as commission. This allows punters to act as a bookmaker themselves by setting odds that can then be bet on by other customers.

Exchanges are usually higher risk but they also give attentive users a better chance of winning big. For knowledgeable bettors with lots of sports betting experience, the Betfair Exchange might be right for you.

For mobile customers, you can download the Betfair Exchange Betting app which is available on the App Store and the Google Play Store.

How Does Betfair Work?

Placing bets with Betfair is a quick and efficient process that is very similar to other popular online bookmakers. To get started on the site, all you need to do is follow these simple steps:

  • Access the Betfair website and register for an account
  • Provide personal information and verify your address
  • Login to your new account
  • Make your first deposit
  • Find a market to bet on and place your bet
  • Request a withdrawal to receive your winnings

Betfair Login and Registration

The Betfair login process is simple and intuitive. By following these steps, you can be placing your first bet on the site in no time!

Read below to learn more about Betfair’s signup process.

Creating an Account at Betfair

To start creating an account at Betfair, you first need to click the ‘Join Now’ button. This can be found on the top right corner of the page both on the website and on the mobile record.

From there, you’ll be redirected to a popup window where you’ll be asked to fill out some personal information and data, which you can read more about in the section below.

Personal Information and Data

To create your account, you’ll have to put in some personal and account information. This includes your name, gender, date of birth, physical address, email address and mobile number.

You will also have to select which currency you’d like to use with your account, set a security question and have the option to select a deposit limit.

Finalization of Registration and Login

After filling out all the information on the join now page, login to your account with your email and password. But before you cam withdraw any funds, you must first complete the identity verification process. To do this, you must submit one of the documents from each list below.

Personal identification:

One Photo ID from the following list:

  • Passport
  • Driving Licence
  • National ID
Address verification:

One of the following:

  • Utility bill (less than 6 months old)
  • Copy of a bank statement (less than 6 months old)

After verifying your identity and address you’ll be ready to deposit some funds and make your first bet!

Betfair Mobile App and Devices

For punters looking to place bets on the go with all the functionality available on desktop, the Betfair app is the perfect solution. You can download the Betfair app for both iOS and Android Systems, and can also access the site through a mobile web browser if you don’t want to download an app.

Installation on an iOS Device

The Betfair app for Apple products can easily be found on the App Store. Follow the instructions below to install the app on your Apple device.

  • Navigate to the App Store
  • Search for ‘Betfair’
  • Download and install the app titled ‘Betfair Sports Betting’
  • Once installed, login to your account and start betting

Installation on an Android Device

The Betfair app for Android can easily be found on the Google Play App Store. Follow the instructions below to install the app on your Android device.

  • Navigate to the Google Play App Store
  • Search for ‘Betfair’
  • Download and install the app titled ‘Betfair Sports Betting’
  • Once installed, login to your account and start betting

Access via Browser

Betfair can be accessed through your mobile web browser the same way it can on desktop. Follow the instructions below to access Betfair on your mobile web browser such as Safari or Google Chrome

  • Navigate to your mobile web browser of choice
  • Search for ‘Betfair Sportsbook’ on Google or type betfred.com/sport/ into the web address bar
  • Once on the site, login to your account

Live Betting

With the rise of livestreaming, live betting (placing bets throughout a match) has become an increasingly popular form of gambling. Betfair, with its top-tier variety of betting options and robust streaming service for horse and greyhound racing, is a great place to go for any punter looking for a quality live betting experience.

Betfair’s user interface makes it incredibly simple to quickly locate all available live betting options. By clicking the ‘In-Play’ button on the navigation bar (or the dropdown menu for mobile users), customers can see a full list of all currently ongoing matches and events to bet on.

From there, you’re free to make any available bets on the ongoing matches with constantly updated odds depending on the situation.

Deposits and Withdrawals

Depositing and withdrawing money at Betfair is a straightforward and orderly process.

Read below to learn everything you need to know about depositing and withdrawing at Betfair including accepted deposit methods, minimum deposit amount and withdrawal time.

Deposits at Betfair

Betfred accepts several deposit methods with varying minimum deposit amounts between them.

£5 minimum instant deposit: Debit card, Visa, Mastercard, Maestro, Visa Electron, PayPal

£10 minimum instant deposit: Skrill

£10 minimum 24 hour deposit: Bank transfer

£12 minimum instant deposit: Neteller

Withdrawals at Betfair

Betfair’s withdrawal time can vary between methods, take a look at the chart below to see how long each method usually takes.

4-24 Hours: Neteller, PayPal, Skrill

2-3 Banking Days: Bank transfer

2-5 Business Days: Debit cards

Betfair’s minimum withdrawal amount is £1. You should make sure to contact customer service if you run into any issues while attempting to withdraw your winnings.

Customer Service

Betfair might not offer dedicated email and phone support, but they make up for it a bit with 24/7 online live chat, a dedicated Twitter support page and perhaps the densest FAQ page of any of their competitors.

By clicking on the ‘Help’ button at the bottom of any page on the Betfair site, Punters will be automatically redirected to the Betfair support page. On this page you can find answers to questions about account verification, login/registration, deposits and withdrawals, promotions, and more.

On this page you can also press the ‘Get in touch’ button to start a live chat with a Betfair customer service representative.

If you’re active on Twitter, you can also tweet @BetfairCS for help with any questions or concerns you may have.

About the Company

In less than a quarter of a century, Betfair has grown from a small online gambling site into the world’s largest online betting exchange with thousands of employees and a thriving sportsbook.

Betfair has some of the best odds and widest market variety around and has become one of the UK’s safest and most respected sports betting brands.

Betfred has the proper licences and registrations from the Gambling Commission to operate in the UK both as a sportsbook and as a casino.

Betfair Final Verdict

From humble beginnings, Betfair have more than earned their position as one of the UK’s top bookmakers. We recommend Betfair to any punter in the UK looking for solid odds, incredible market variety and top-class reliability.

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Betfair Frequently Asked Questions

Have a question about Betfair? Check out the answers to some of the most common questions from our readers below!

Why is the Betfair Exchange So Popular?

Betfair is popular because of their consistently above-average odds, wide variety of betting markets and their reputation as a trustworthy and reliable sports betting operation.

What Deposit and Withdrawal Options are Available at Betfair?

Betfred has plenty of options both for deposits and withdrawals. Deposits can be made via debit card, PayPal, Neteller, Skrill, bank transfer, cheque and Western Union. Withdrawals can be made via debit card, PayPal, Neteller, Skrill, and bank transfer.

What Bonuses and Promotions are Available at Betfair?

Betfair offers customers a variety of bonuses and promotions. These include £30 in Free Bets for new customers, a Refer A Friend promotion bonus, and a customisable rewards program.

Does Betfair Have Cash Out?

Yes! Betfair offers early Cash Out for many sports including football, tennis and horse racing.

Is Betfair Trustworthy?

Betfair is one of the largest sports betting operations in the UK, and they couldn’t have gotten this far without being a reliable operation. As a British owned and operated company with all the proper gambling licences to operate in the UK, we think Betfair is trustworthy for any punter.

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