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Betfair In Detail

Betfair is actually a betting exchange and not really a bookmaker by conventional definition. The company was founded in UK in 1999 but was formally launched in 2000.

By 2003, they experienced what can be defined as a ‘growth at cosmic scale’ and went on to win the Queen’s Award for Enterprise, which is UK’s highest and THE MOST prestigious business award. Today in 2014, Betfair is the world’s largest online betting exchange with employee base of 1,800 catering to the needs of 4 million global customers. Betfair User Guide Here.

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The company’s headquarters is located in West London and it is publicly listed on London Stock Exchange. Betfair is the only betting exchange to have an Australian license. The company is registered and licensed in both Tasmania and Gibraltar. Join Betfair Today, 20% Winning Boost Offer

Betfair is actually a betting exchange and not really a bookmaker by conventional definition. The company was founded in UK in 1999 but was formally launched in 2000. By 2003, they experienced what can be defined as a ‘growth at cosmic scale’ and went on to win the Queen’s Award for Enterprise, which is UK’s highest and THE MOST prestigious business award. Today in 2014, Betfair is the world’s largest online betting exchange with employee base of 1,800 catering to the needs of 4 million global customers.

The company’s headquarter is located in West London and it is publicly listed on London Stock Exchange. Betfair is the only betting exchange to have an Australian license. The company is registered and licensed in both Tasmania and Gibraltar.

Betfair is more like a marketplace. Customers are allowed to set odds and other customers can pick those odds.

This allows customers to act as punters as well as bookmakers. Most of Betfair’s income comes from commissions. For sporting events, the commission is between 2% and 5% and for racing events, it can be as high as 6.5%. All commission are calculated on net winnings.

What Makes Betfair Standout From The Herd?

The primary reason why Betfair stands out from the herd is that it is a betting exchange. Apart from this, there are several interesting features available with Betfair. Let us take a look at a few most important features offered by Betfair. They go to great lengths to ensure that punters enjoy the online wagering experience. Betfair are not bookmakers, they are a Betting Exchange, which means punters can back or lay their selections on racing or sporting events against other punters around the world.

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Final Conclusion:

Yes, Betfair’s exchange model is very new for Australians but they are gradually grasping this whole new concept. The very idea of allowing a customer to act both as a bookie and as a punter is completely out of the world and is very interesting.

The best of all features is the absence of a third party that can devour a part of net earnings of the customers. This allows customers to make more money as compared to conventional bookies. Once Australians get a complete understanding of Betfair’s exchange model, there is nothing that can stop Betfair from becoming the best betting company in Australia.

There is absolutely no doubt that Betfair is highly recommended for serious sports fans and punters. Join Betfair Today Receive a 20% Winning Boost Up To $500.00