Betting Exchanges - BETFAIR

The first review is for Betfair, the most recognized betting exchange out there. Since its inception in June 2000 Betfair has grown to become the biggest online betting exhange and claim there odds are on average 15% better than the high street bookmaker. This is true in theory but when backing favourites the price is almost identical to the high street bookmaker, its when backing an outsider true value is on betfair.

Beware that Betfair take 5% commission on all winning bets (this is factored in when winnings are calculated on your choosen market). For those of you not familiar with betting exchanges they allow you to be the bookmaker and LAY bets, i.e. you dont fancy the favourite in the next at Lingfield - you can lay (take bets) on the favourite and if it gets beat you win! Simple.

Betfair's vast array of markets is quite mindblowing as well, they have markets that range from Indian Football to Bandy (I have no idea what bandy is, but you can bet on it!). Its great for inplay betting as well, almost every top flight football match in Europe goes in play and is a dream for traders. I have been using Betfair for years now and love the platform and interface, its where I place most if not all of my bets.

 I would thoroughly recommend any who hasnt got an account to sign up today and take advantage of the £25 free bet (see betfair button on left sidebar).

Happy Betting!