At Betfair, punters can enjoy a great array of sporting events and different markets so they can always have access to the best odds and the most chances at generating returns. To help new members get started, the Betfair Promo Code can be redeemed when creating a new account and with this offer, punters will get £30 in free bets at the site. This amazing offer simply requires the funding of a new account and for members to place a £10 bet. By entering Betfair promo code punters will benefit from the free bets after they place a single bet for a minimum amount of £10.
Betfair Promo Code Explained
As with a lot of promo codes, there are some rules that you have to abide by. The Betfair promo code is no different. Firstly, the single bet must be a fixed odds bet of at least 1.2 and this bet must be placed within 30 days after registering a new account. The bet can be placed on any of the supported sportsbook markets. The free bet can only be used one time and should punters bet less than £10 with any free bet, the remainder of the free bet amount will be lost. With the Betfair Promo Code new punters will be well on their way to enjoying the great odds and multiple betting options and the free bet will allow for additional bets to be placed without risking money from the bankroll.
Betfair Sign Up
To benefit from the great services and the Betfair Promo Code one will have to create a new member account. This is a simple process and it starts by clicking on the Join Now button at the main Betfair site. When this is done, a registration page will open and members will be asked to enter personal information. This can include an address, phone number, date of birth, name and email address. If the process becomes confusing or members do not understand what information is required, there is a Chat Now button that will instantly connect punters with the customer support team.
Once all basic information has been entered, the Open account button will be clicked. Here, punters will have the chance to enter the Betfair Promo Code and will also choose from the list of supported payment methods. They will also have the chance to select a currency in which transactions will be conducted. After all of these steps are completed, the funded account will be ready to use and bets can quickly and easily be placed. Getting stared at Betfair is very simple and within a matter of minutes, one will be enjoying the great excitement of one of the most reputable betting sites online.
Who are Betfair?
For those that appreciate the ability to bet on sporting events online, Betfair offers many markets and exceptional returns and offs. This UK bookmaker has been operating online since 2000 and it is one of the more popular licensed sportsbooks in the United Kingdom as well as Australia. Over the years, Betfair has created a stunning rapport in the industry and is known to be one of the better betting exchanges today. As a recipient of the Queen’s Award, Betfair maintains the highest standards and offers a level of quality that often lacks at other betting sites.
This international online sports betting site was one of the first successful exchanges and since 2000, customers worldwide have been enjoying great returns, amazing bonuses and promotions and endless betting opportunities. The excitement at Betfair all begins with the redemption of the Betfair refferal code when creating an account. With many betting options and live betting offered, this site remains one of the preferred for any punter that is seeking a secure environment that offers some of the best odds online.
At Betfair, punters will enjoy exclusive markets and will also benefit from various betting limits, with minimum bets starting at £2. There is a maximum win amount of £1,000,000 and with this, it is evident that many bets are successful ones and can offer great returns. The site offers safe and secure banking options, great levels of protection and amazing customer support services, which all crate a perfect site where punters from many locations globally can enjoy the thrills of sports betting online. This world premier betting site makes use of Playtech software and with this, Betfair continues to offer a top notch book making service. As one would expect from the Playtech software, the site is easy to navigate, visually appealing and a joy to use.
How Betfair Works
Betfair is a bit different from other sports betting sites online and members will find they can back and lay their bets. Beginners may find the process rather confusing, but with some time and patience, one will quickly see the benefits of betting at Betfair. On every market that is supported, one will have the option to back and lay the bets. If the bet is backed, it is the same process as with typical online bookies. One will be betting to win. However, if one chooses to lay the bet, they will be betting that nothing will happen.
What makes Betfair different from other sites is that the bets that are placed are with users that are on the exchange. In a sense, one will be betting between others on certain events. One of the great things is the ability to bet against the outcome of an event, something that is not featured at many betting sites.
Betting Odds and Betfair Markets
Betfair is a unique betting site and it is not a sportsbook, but an exchange. This means that bettors will be able to decide which bets can be placed at any time. It is possible to bet on any type of sporting event as long as someone else is offering the odds. Some of the sports that are covered at Betfair include American Football, Basketball, Cycling, Gaelic Games, Golf, Horse and Greyhound Racing, Tennis, Water Polo, Yachting and Snooker. In addition to the many sports that can be bet on, Betfair also provides the opportunity to bet on political events and elections, entertainment and there are even popular casino games like slots and card games. The site is also home to an amazing poker room where players can enjoy exciting games with large pot payouts.
One of the main advantages to betting at Betfair is the ability to set the odds. If one is not happy with the odds that are being offered, they can offer their own odds and see if other Betfair members will accept those odds. With this ability, bettors have much more flexibility and that is one of the superb aspects of betting at an exchange site over a typical online bookmaker.
The odds that are offered at Betfair are much better than at other sites. However, there is a disclaimer when claiming these better odds. First, the liquidity of the market will play a large role. When there is a high liquidity market, it is possible to get the best odds anywhere online, but with less popular sports and leagues, the odds may not be as good. The claims of better odds will also involve commission rates that are paid to bet on an exchange. In some cases, the odds may be better, but the commission charge will be quite high, eliminating the benefit for the punter. This is why it is important to learn about the betting exchange before jumping right in. With a free account, one can learn their way around the site and can also learn how the commission rates work when choosing odds.
Placing a Bet at Betfair
The concept of placing bets at an exchange site instead of a bookmaker can seem difficult and overwhelming to new members. However, placing bets at Betfair is relatively simple. To begin, start by logging into the Betfair account. One will then choose between Racing or Sports from the different tabs that are offered. Bettors will then just select the sport they want from the list that is displayed. When the sport or event is selected, the league is then chosen or one can choose a competition or tournament. Once the market is located, just find the event from the options that are listed. At Betfair, one will have the option between backing an outcome of an event or betting against the outcome. The odds that are offered for the outcomes are provided and the amount of money that can be won is always known in advance. This allows punters to make wise decisions when choosing bets.
Betfair Mobile App
Any registered member of the Betfair site will have access to the mobile app, where they can benefit from on the go betting at any time. The Betfair mobile app offers the chance to bet on sporting markets all over the world and it is very simple to use. The sleek design of the mobile app is appealing and it runs very fast on Android and iOS devices. In addition to being able to bet on the different markets at Betfair, punters will also enjoy a form guide that will allow all trades to be conducted with utmost confidence.
While most members will be using an Android or iOS device, Betfair does not overlook those that have other devices, which is why there is also a Blackberry app that can be used. The bookmaker also offers a mobile compatible version of the main Betfair website that can be accessed through a web browser. This is great for anyone that does not wish to download any software to their devices. With this ability, Betfair can be accessed on any internet enabled device.
The mobile app delivers an amazing experience and contains everything one would expect from a top notch betting site. Fast and reliable, this app is easy to use and will allow members to easily place bets and enjoy the best odds, with all action taking place right in the palm of the hand.
At Betfair, there will be commission charges that are applied to the net winnings on certain market. There are no commissions paid when there is a loss suffered from any bet that has been placed. The site will calculate the commission by taking the net win and multiplying it by the Market Base Rate. This is then subtracted from the Discount Rate. There are higher Discount Rates offered when more bets are placed on the exchange. For example, if there is a net win of £500, the Market Base Rate is 5% and there is a Discount Rate of 20%, the commission is calculated by multiplying the Net Wins by the Market Base Rate x (100%-Discount Rate). The £500 is then multiplied by 5% x (100%-20%). This means the commission is £500 x 5% x 80% meaning that on a £500 net win, the commission will be £20 that will be paid to the site.
Aside from the commission that is charged, there are also Premium Charges that can be incurred. This is a new charge that is imposed when the commission is deemed to not be fair. These premium charges will affect those that have profits in their account and the total charges that are generated are less than 20% of the winnings that have been achieved. This is only in effect when one bets on over 250 markets since the account has been established. Each week, the site will charge the lesser of the difference between the previous week’s profits and the total charges for the week. Those that enjoy great success at the site may be subject to higher premium charges.
Betfair Live Betting
One of the exciting options provided at Betfair is Live betting. This is offered on the Live Video page where all streams and live events are covered. With this type of betting, one can search a range of sports to locate an event to bet on and all results are posted in real time. In order to benefit from live video access, punters must have a funded account at the site. Live streaming can be enjoyed on all devices so account holders using a desktop or a mobile phone or tablet will enjoy the live betting action that is supported.
The live betting option offers a built-in calendar so that bettors can plan all of their streaming events in advance. The calendar is easy to use and simple to navigate, offering a list of all upcoming live events as well as those already occurring. One of the great advantages to in-play or live betting is the ability to see how an event is going before even placing a bet. The bets can be placed right up to the end of the event, allowing punters to make better decisions based on team or individual performances for that specific event.
With football being one of the major sports offered, members can enjoy between 800 and 1300 football matches each and every week. There is also a number of horse racing events as well as many other matches and tournaments that can all be watched live. With live betting, the odds are instantly displayed and punters can watch as the event unfolds, altering their betting selections.
At Betfair, members can take advantage of a number of different banking options that are all safe, secure and trusted. With these methods, fast deposits and withdrawals can be conducted, allowing real money bets to be placed with ease. The site caters to punters from all over the world, which is why some of the most popular banking options at supported. These methods provide a great way to manage a real money account and lets punters always have control over their betting at Betfair.
When making a deposit to the Betfair account, one can choose a method that offers convenience and safety. The site supports the use of major credits cards and debit cards like MasterCard and Visa and also allows bettors to make use of Neteller, Western Union, PayPal, Skrill, EntroPay, Bank Wire, Money Mart, personal checks and ClickandBuy. These options will vary based on the physical location of the punter. When it comes to making deposits, punters will enjoy extreme levels of protection and with a large array of options available and multiple currencies supported, there are many great ways to add funds to a new or existing account. When registering a new account, members will choose their preferred deposit option and will then have the ability to enter the Betfair promo code to receive their free bets. Betfair does require a minimum deposit amount and there is a preset maximum amount that can vary between £150 and £5000 depending on the method that is being used.
Withdrawing winnings from an account is fast and simple and many of the deposit methods can also be used to conduct a withdrawal. To process a request, one will hover over the My Account tab on the top right of the main page. There will be a list that will be revealed showing the available methods that can be used. Most of the methods that are offered will not have a minimum withdrawal amount and the request will be processed timely, with many offering withdrawal completion within 24 hours. One of the great options at this site is the Bank Transfer Express, where next day withdrawals are sent right to the selected bank account. With this method, a £6 fee will be incurred, but this is the only Betfair withdrawal fee that is charged. All other options are free of charge and will offer fast and secure transactions.
Overall Betfair is a solid choice when it comes to picking a bookmakers to start betting with. Well established already in several countries, in particular in the UK, its online service offering is up there with that of its competitors in the industry. It is a great place for both starting bettors and seasoned professionals as the site is easy to use and navigate, and has plenty of options to choose from when it comes to odds and markets. Be it football, tennis, or golf, you need not worry as there are plenty of sports for you to choose from to refine your betting strategy. Perhaps, what really sets Betfair apart is its industry renowned Betting Exchange, which is becoming more and more popular with punters looking to secure good odds. Finally, as a new customer, the Betfair promo code is a great way to get started. With slightly easier wagering requirements to other bookies with similar offers, we feel that this bonus is one that can quickly be turned into good value for money.
What is Betfair Cash Out?
This is an option that will allow bettors to take a profit or limit their losses before an event is completed. With this option, losses can be minimised and the Cash Out value is based on the current profit or loss depending on the pre-match and current odds for the event. This option is available on most events as well as on Horse Racing win markets. This cash out option is often used by those that frequent the site and place multiple bets and is a perfect way to control losses that may be incurred.
What are the blue and pink boxes?
At Betfair, colours are used to indicate the types of bets and odds. The blue boxes are used to show odds for backers. The favourite will always be displayed in the top row. The column of blue boxes that are near the centre will show average odds. Below the odds will be a number that shows the amount of money that is waiting to be matched. The pink boxes displayed show the odds for lay bets. The pink column near the centre show unmatched lay bets as well as the amount of money to be matched displayed directly below.
What ways is support offered?
At Betfair, not everyone will completely understand exchange betting, so there is a great group of trained professionals on hand that can answer questions. The support team at Betfair can be contacted through phone as well as email and there is also a live chat option that will provide instant connections with support team members for fastest assistance. There is also a Twitter account where members can direct questions to the support team.
Are real money transaction secure?