Betfair Exchange Review
- Ability to both 'back' and 'lay' bets
- Typically 10-15% better odds
- World's biggest betting exchange
Review of Betfair.com/EX
Betfair are slightly different to most bookies that we feature as they offer users the option of betting at an exchange. Exchange betting basically meanss person to person betting.
This type of exchange is great for matched betting as it allows you to set odds for other members to bet on whilst also being able to accept odds that others offer.
One of the first things you notice about Betfair.com/EX is the number of betting opportunities on their homepage. Whatever your sport you'll more than likely find that one of Betfair's members has already offered a price or is looking for someone to offer a bet on it.
Although the concept of Betfair Exchange's person to person betting platform takes some getting used to, it's a great thing for the gambling industry as a whole.
The Betfair Exchange website, although fairly minimal, is clean and easy to use.
Those new to the concept of betting exchanges will be pleased to hear that Betfair Exchange offer members a superb range of tutorials that explain exactly how exchanges work.
Compared to traditional bookies, Betfair Exchange offer some of the best odds you're likely to find as you're basically cutting out the middle man and betting against other bettors.
In general Betfair Exchange odds can be up to 15% better than you'll find at other bookies but just be aware that Betfair do charge a small commission (roughly 5%) on winnings.
Although not quite as comprehensive as the markets that other bookies offer bettors, you'll more than likely find that someone has offered odds for the market you want to bet on.
It's worth noting that Betfair Exchange is extremely popular for football betting as well as alternative bets like the outcome of reality TV programmes and entertainment awards.
The Betfair Exchange website is pretty minimal but does offer a decent menu structure which makes finding and then backing or laying bets a fairly speedy process.
Betfair Exchange also own a BT TrustWise Secure Server Certificate, a bookie's permit and use DataCash and the Royal Bank of Scotland to process transactions. Card details are also encrypted and stored on a secure server giving you total peace of mind.
Customer service at Betfair Exchange s pretty good for a company of its size. Betfair operators are available 24 hours a day to answer any queries you may have through the numerous methods of communication listed below.
The staff at Betfair's Exchange were extremely helpful when contacted plus there's also a great FAQ section on their website if you need instant access to help.
The forum at Betfair Exchange lets you to chat to other members who've got to grips with exchange betting as well as get instant help from Betfair's customer service team.
Overall, Betfair do the 'betting exchange' thing exceptionally well and have become market leaders over the past few years. It's definitely worth taking the time to understand how betting exchanges work to make the most out of everything that Betfair Exchange offers.
To open an account at Betfair Exchange you'll need to provide some basic personal details and then deposit at least £5 in order to claim the free bet Betfair offer new members. Once your up and running you'll be able to start backing and laying bets!
Betfair Exchange also regularly offer members loyalty bonuses and betting promotions as well as allowing you to use the one account for all of Betfair's products including their fixed odds betting platform, Betfair Casino, Betfair Poker and Betfair Arcade.
Betfair Exchange Email:
Betfair Exchange Phone Numbers:
UK: 0870 0110 444. International: 0044 208 834 8000.
Betfair Exchange Address:
Betfair, Waterfront, Hammersmith Embankment, Chancellors Rd., London W6 9HP
Betfair Exchange Banking Options:
Mastercard, Visa, POLi, BPay, Bank Transfer, NAB, Credit Union Transfer, Neteller, Skrill, Cheque, ClickandBuy, Laser, Maestro, Solo, Visa Delta, Visa Electron, Entropay, POLi, Webmoney, PayPal, Western Union.