Betfair Sportsbook Welcome Offer
You can get an 100% bonus up to 100 GBP/Euros on your first deposit as your welcome offer which isn’t bad at all by today’s standards. Gone are the days when companies were giving you 200% or 300% up to 200 or 300GBP/Euros. You should however be aware that when you select your bonus when you first deposit that ALL of the money is then considered to be bonus money- both the amount you deposit and the amount Betfair gives you as a bonus.
The consequence of that is that you’ll have to wager through the money four times before you can withdraw it. For example, if you wanted to get 20 GBP/Euros in bonus money, you’d have to deposit 20 GBP/Euros of your own money (which would come to a total 40 in ‘bonus money’) and would then have to wager 160 GBP/Euros before you could withdraw it.
Betfair Exchange Welcome Offer
We told you that you could get twice as many offers with Betfair. Deposit however much you like (making sure to do so with either a card or Paypal and not alternative depositing methods) and place a bet where you risk at least 20 GBP/Euros. We say ‘risk’ because that could include a lay bet where you were laying at odds on for more than that but where you were risking at least 20.
Other Betfair offers
Acca boost (Sportsbook)
You can get a bonus if the first acca you place that week goes on to win, as long as it has at least three selections in it.
The more selections in your acca, the bigger the bonus you get on it but bear in mind it only applies to stakes up to 25 GBP/Euros and that the maximum amount in bonus you can receive is 2000GBP/Euros.
Below is the table showing how much you receive in bonus as a percentage depending on how many legs make up the acca.
Back a winner, get a free bet (Sportsbook)
Does what it says on the tin and applies to all horse races shown live on ITV4. If you place a bet on a horse at odds of 3/1 or greater and it goes on to win, you’ll get a free bet to the value of the stake that won the bet, up to 25 GBP/Euros. There’s a little bit more to this promo than that so read the terms.
Best Odds Guaranteed
Obviously not a promo in its own right but worth knowing about. The Betfair Sportsbook had the best odds on rugby, UK and Irish racing and English football over the past few months compared to the major bookmakers.
One thing you do need to know about Betfair is that you will need to download two separate Apps, one for the Sportsbook and one for the Exchange. Well, that’s the bad news of sorts but the good news is that that they have a beautiful and informative page that outlines how to do so, which is much appreciated.
Just follow the instructions after going here.
Betfair Exchange Review
For all the innovations in online betting over the past 15 years or so including in-play betting, cash out, boosts on accas and that sort of stuff, few would argue that the most important of all was the creation of the Betfair Exchange.
Its creation of course gave punters the chance to agree odds on a particular event happening amongst each other and the result was that you could get significantly better odds than you would with a normal bookie because the firm made their money in a different way. Rather than making money by building a margin into all odds, they took a commission between 2and 5% on winnings only and as stated just now, the result was better odds on whatever it was you were betting on.
But that was only half the story. By allowing customers to bet on both sides of the bet, customers for the first time could lay prices like a bookmaker would, in addition to just backing them. Some people prefer to bet on what they think won’t happen rather than what they think will and could do so.
The ability to back and lay on the same market several times both before an event and during it also allowed customers to lock in a profit and make money whatever the final outcome ended up being. It’s called trading.
Almost 20 years down the line the concept pretty much remains the same with just a few improvements added to it as a product, to ensure an even smoother experience than when it all first started.
One of the few criticisms of the Betfair Exchange was that some markets lacked liquidity. This tended to happen on two types of markets: slightly more obscure leagues and sports and side markets such as total games in tennis, first goalscorers on less important football matches or some handicaps in say rugby. The reason for both was the same: not enough customers were interested in them to put money in the market. After all, betting on who will win between two second Division Turkish teams isn’t of quite the same interest as who will win between Liverpool and Tottenham, nor is betting on how many aces will be served when Nadal and Federer play as who will go on to win the match.
The Sportsbook was partly created to solve that problem. Anything that didn’t have great liquidity on the Exchange had a very fair price on the Sportsbook. And then some. It’s a very comprehensive Sportsbook with varied markets, very competitive sports and ease of use.
Even if you didn’t feel the Exchange was right for you, the Betfair Sportsbook is one of the best ones out there in its own right.
Choose from any of these:
- Web Money
You still need to pass the basic KYC checks for any Betfair withdrawals but we can vouch for the fact they don’t make it all unnecessarily complicated.
Away from this aspect, the Customer Service is generally very good, informative, friendly and knowledgeable and you’ll know from reading our reviews, that’s not something we can say about too many betting firms!
Being a Betfair customer allows you to bet on almost as many in-play markets as anyone else and take advantage of a first-class livestreaming service. They also have pound-for-pound the best blog in the industry with big name Ambassadors, endless betting previews, stats and also opinion articles on just about any sports or sports betting topic you can think of. You could spend hours reading it all and learning something even if you weren’t that big a gambler.
The general conclusion is that being a customer with Betfair is the way to go as a punter. Bet on the Exchange and benefit from their better odds in addition to trading. And head to the Sportsbook when Exchange markets lack liquidity or you want to bet on side markets. By moving from one to another, all your needs are covered.