Betfair

Betfair
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Group/Company: The Sporting Exchange Ltd
Established: 1999
Jurisdiction: Great Britain
Licence: The Betfair group of companies ('Betfair') offers a global portfolio of gambling products and services. This includes the world's leading betting exchange (a concept pioneered by Betfair), which is provided in the UK. Betfair's other betting platforms include a bookmaking operation provided from Malta and a second betting exchange in Australia.
Separately Betfair's established gaming products include Betfair Poker, Betfair Casino and a number of exchange-enabled games. All of these are offered from Malta.
Betfair is a licensed gambling operator in the UK, Australia, Malta, Italy, Austria and Germany.
Arbitrage: Company is a member of IBAS (http://www.ibas-uk.com).
All products which have Maltese licence (poker, casino, games) - Maltese Gambling Commission (complaints@lga.org.mt).
All Australian markets - Tasmanian Gambling Commission
All Australian events - Tasmanian Gambling Commission - betexchange@treasury.tas.gov.au.
Address: Betfair, PO Box 34467, London, W6 9WS, Great Britain
Ranking: SBR "A+"

Currently Betfair is the biggest betting exchange in the world with 1 million customers and weekly turnover over 50 mln pounds.
Customers can not only make sport bets but also can play in blackjack, poker and other games. The main source of income of Betfair is commission from clients (up to 5%). Since established Betfair was awarded more then 60 times and it includes Queen Award for Enterprise in the Innovation category (2003), and in International Trade (April 2008), the fastest growing business in Great Britain (May, 2006), Company of Year (November 2004), Businessman of the Year - Andrew Black and Edward Wray (October 2005).

Languages: Bulgarian Chinese Czech Danish Dutch English Finnish German Greek Norwegian Polish Portugal Russian Spanish Swedish Turkish
Odds Format: Decimal (3.75)
Currencies: AUD,CAD,DKK,EUR,GBP,HKD,NOK,SEK,USD
Bonuses

For New Players:

  100% cash up to €20

After a new customer makes a first deposit and will wager over €20 his balance will be credited with €20 cash bonus within 2 days.

Deposit Methods to Get Bonus: MoneyBookers VISA Cards Webmoney

Sportsbook Line

Coverage and Depth: This is the Premier betting exchange and constantly covers hundreds of events on every kind of sport, including quite rare and unknown ones. Traditionally it focuses on Horse racing because this was the original sport covered by Betfair but today you can also make bets on political events, TV shows, etc, etc, etc.

Characteristics: There's a lot opportunities for betting and you can propose your own bets with your own odds. As on any usual exchange odds on different events are consensus between buyers and sellers (or backers and layers).
You have opprtunity to make back and lay bets and act like bookmaker and make money even before event will starts.

Due high liquidity odds on football in vast majority of times are better then at traditional bookmaker.

Big volume of bets are matched on American sports (however mainly one hour before event starts), tennis, cricket, shooker...

The volume of bets on basketball (Eurocups, almost all European Championships), voleyball, ice hockey and other kinds of sports isn't big which is why the odds on those markets is not that great. Commission on winnings is 5%. However the more you bet, the more points you can earn and the more will be discount. On some events there's TV broadcasting online .

LIVE Betting: Yes
Minimal Bet: £2 (or equivalent)
Maximal Bet: No
Declared Maximal Payout: No

Support:

Working Hours:
11.00 - 23.00
Contacts:
On-line: No
Phone: +44-208-834-8060

Deposits

MoneyBookers VISA Cards Webmoney

VISA: (min. $20, max. - no), instant deposit, comission 1.5% (Debit cards - comission 0%)

Moneybookers: (min. $10, max.$10000), instant deposit, commission 0%

WebMoney: (min. $2, max. -no), about 1 hour, commission 0.8%
(If a customer has more than one account every account must have separate deposit method)

Bank transfer: (min. $20, max. - no), 3-5 days, commission depends on your bank

Withdrawals

MoneyBookers VISA Cards Webmoney

VISA: (no min. max.), 2-5 days, commission 0%

Moneybookers: (min. no, max. $10000), 24 hours, commission 0%

WebMoney: (min. $20, max. no), 24 hours, commission 0%

Bank transfer: (min. $30, max. no), 3-5 days, commission $15