Betfair Sportsbook are offering up to £100 in free bets to new customers when they place five single bets of £10 or more. To get the bonus, use the Betfair Promo Code when creating a new account. Sound interesting? Then sign-up today to take full advantage of this great offer.
Enticed by the promotion but would still like to know more? Look no further. This review will give you details on the welcome offer and the use of the Betfair Promo Code. On top of that, we also have a nice review of Betfair’s products should you wish to know more before signing up and placing your bets.
To get the best overview of what the Betfair promo code entails, we have created a table with all the main details regarding the bonus offer. It is always useful to check out this information before signing up at bookmakers, in particular what the wagering requirements are, how much you need to deposit, and what you will receive in free bets in return. See the full terms here.
|Type of Bonus||Free bet|
|Betfair promo code||Get code|
|Bonus Offer||£100 in free bets|
|Minimum Odds||1/2 (1.5)|
|Payout||Paid in Free Bets|
Interested in signing up with the Betfair Promo Code? Then follow our simple steps below and get the additional bonus of £100.
For each £10 you deposit you will get an additional £20 free bet in your account. This can be done a maximum five times, meaning the maximum bonus you can receive is £100 (meaning you would have staked a minimum of £50). You can bet on several sports and leagues such as Premier League, Champions League, Tennis, or Horse Racing.
Use the betfair promo code to claim a bonus of up to £100
Aside from the Betfair Promo Code offer of £100 in free bets, at the time of writing Betfair were promoting several other offers, some of which are as follows:
Betfair Sportsbook also offers other event specific free bets, and are updating their promotions all the time. When the review was being written Liverpool were about to play Exeter City in the third round of the FA Cup. New customers could back Liverpool at an enhanced price of 3/1 to win the match with money back in the form of a free bet if the bet lost. Allied to this offer was an opportunity to take advantage of £100 in free bets.
The site has also featured acca insurance deals. These promotions are not only limited to football, and you can find sporting event specials such as UFC, NFL, and Darts. Betfair also provide free bets and promotions associated with their poker, arcade and casino products. In most cases, money back and free bets are credited as free tokens which cannot be transferred from the fixed odds sportsbook to the exchange. If you are ever in doubt with what promotions are available then we would recommend customers to use Betfair’s live chat for guidance.
Along with the betfair promo code, it is also useful to know what the key products and services offered by Betfair are when deciding whether to open an account with the bookmaker.
With this Betfair review, aside from the promotion code, we will take an in depth look into the website as well as the app. That includes flagship products like the Betfair Betting Exchange, their sports & markets offered, as well as in-play game options that enhance the average punters experience.
Betfair is the worlds largest betting exchange and with it comes a large selection of sports markets as well as a multitude of special products and services.
The Betfair Sportsbook odds are extremely competitive, and you also have the option of using the exchange section. So if you are looking for good value, you won’t be disappointed.
New customers have the option of getting up to £100 in free bets with an exclusive Betfair. With only a minimum £10 deposit needed, it is a good way to start betting at Betfair.
On the Betfair sportsbook website, the menu is a drop down list of the sports and markets covered which amounts to over 30. The list includes the main UK betting sports, such as football and horse racing, along with other sports that are more popular in the wider European market. The sports are listed alphabetically with their name and an appropriate icon. Either can be clicked to give access to the leagues in the selected sport.
Football provides the most leagues with over 45 options in the section for this sport. Markets are displayed by national league but there are also sections for the main international tournaments, friendlies, internationals, specials, and the Champions League and Europa League.
The main football menu highlights today’s matches and then displays UK football and European elite matches prominently. For a typical match in England the Betfair sportsbook offers over 20 markets. Quick links, sport highlights and featured coupons give access to the most popular football and other sport betting markets. Match odds are displayed for key football matches on the sportsbook home page.
Betfair offer a wide variety of sports and markets to play on
The Betfair sportsbook was introduced by Betfair to compliment the betting exchange model they invented and brought to the market in 2000. For the first time regular bettors could take and accept bets. Working on a peer-to-peer model Betfair invested in the infrastructure to allow customers with different opinions to have bets matched.
Betfair dominates the exchange market which means they can guarantee liquidity for most events. The key to a successful exchange is having enough people who disagree and will place and accept bets. The Betfair sportsbook is branded like the exchange but offers fixed odds betting rather than backing and laying facilities. It is fair to say that the Betfair Betting Exchange is still the market leader in its area, but with other bookies like matchbook also offering a strong service, the competition is getting tougher.
The Cash Out option after sign-in that is now available with traditional online bookmakers is derived from trading on Betfair to guarantee a profit or minimise a loss. In effect when cashing out, the technology calculates a lay price so that the profit is the same regardless of the outcome of an event.
Odds are displayed in fractional format by default but they can also be displayed in decimals. However, there is not an option for American style odds which is not surprising as US based customers are restricted from using the site. Betting percentages are not exceptional and in line with industry standards.
Betfair do not compete on prices but rely on the strength of the exchange brand. Exchange users have a direct link to the sportsbook so can easily compare odds. The price rush facility provides enhanced odds by using liquidity and weight of money in the exchange. Customers are guaranteed a better price than usual.
The Betfair sportsbook promotes enhanced odds for high profile soccer matches in the English Premier League, fixtures involving British teams in the Champions League and Europa League and matches in the major leagues in Europe. A list of football specials displays enhanced odds for a selection of markets each day which can be taken in bets after sign-in.
One of the fundamentals of exchange betting is the opportunity to close out a favourable position once an event has begun. Traditionally customers placed a bet and had to let it run until expiry. Exchange betting originally introduced the concept of trading which equates to buying at a low price and selling at a high price. Regular bookmakers took the trading concept and developed in-play and live betting.
The Betfair sportsbook provides in-play betting for events in football, tennis, basketball, ice hockey, volleyball, E-Sports, Rugby, Golf and many other sports. Fixtures are live streamed on Betfair TV which shows live video events for football, tennis, horse racing and greyhound racing. A calendar of upcoming events is organised by sport. Football is by far the most popular in-play betting sport for live video followed by tennis.
Price Rush is a promotion that allows customers to get enhanced odds in singles markets. Betfair uses the power of their betting exchange to improve odds in certain markets. The sportsbook price is linked to the back price on the exchange. Enhanced odds are offered if it makes business sense. When a price has been rushed the bet slip will show the adjusted potential winnings and a confirmation message. Help is at hand through live chat.
Price Rush is available on a selection of markets in football, horse racing, tennis, golf and basketball, Only single bets are valid and multiples are not part of this feature. Price Rush is available for in-play betting on selected sports but is limited by the country of registration. Potential customers could be disadvantaged but the feature is only offered when the exchange odds are better than the fixed odds. Cash Out is still allowed when a market has been subject to a Price Rush.
Cash Out is promoted as a feature which puts customers in control of live bets after sign in. Although it wouldn’t be offered if it did not make business sense to the bookmakers. In effect they are paying out winning bets at reduced odds and will have worked out the figures to make sure the option brings them financial benefits. It is presented as a attractive strategy when in fact customers will be on average worse off than not using the Cash Out button.
The theory is that winnings can be taken before a bet expires to guarantee a profit or minimise a loss. The dilemma is to let a bet expire and risk winning nothing or close a bet and take the winnings at reduced odds. Bets can be partly cashed out or fully cashed out. Another option is to just withdraw the stake leaving a fee bet which might win or lose. An orange symbol on the bet slip indicates that Cash Out is available.
When this review was undertaken Cash Out was available on football, tennis, horse racing, golf and basketball. Not every market in an event had the Cash Out option but the key ones on all the relevant sports provide the choice. Cash Out is not possible when a market has been suspended after a key event such as a goal, penalty or red card in a football match. Similar restrictions apply to the other sports that have the Cash Out option. Customers must login to use this facility.
The Betfair brand and stable also offers an extensive range of games aside from the classic sports betting options. These include some of the classic casino, poker, and bingo games that you can expect from the traditional players such as William Hill, bet365, and Ladbrokes. On the Betfair site, the games are in the following categories:
Within the games section, Betfair offers several free bet promotions. Casino players are given a welcome bonus of £100 matched bets on all games. The minimum deposit is £10 and an equal amount is instantly matched. However, deposits made with e-wallets are not valid. The second welcome bonus is for slots and offers a 100% matched bonus up to £1,000.
Betfair also offer a VIP area that is structured around the level of staking. Special promotions and benefits apply at each level, including bonuses, gifts and invitations to exclusive events. High staking players are rewarded with a first class service designed to encourage more playing. The live casino allows customers to play roulette, blackjack. Punto Banco, casino hold’em and Sic Bo with live dealers.
Virtual sports is a selection of scheduled fixed odds events that use a random number generator to decide the outcome. Live video streams may be delayed by a few seconds depending on internet connections. Once an event is over results are published and bets are settled. Results for the last three months can be searched for and bets may be voided in the case of technical problems.
Virtual betting is a growth area in the online gaming industry. Fixtures are created with in-built margins so the bookmakers cannot lose. In effect virtual sports events are a pool whereby customers will receive a set percentage of their stake. Virtual sports events are in effect cartoons which create the match circumstances of actual fixtures but with a random result. The outcomes cannot be influenced by Betfair.
Betfair offers virtual sports events for horse racing, football, greyhounds, tennis, motor racing, speedway and cycling. The main menu lists each sport with a countdown to the next event. Active events are highlighted with a small green flashing icon. A screen displays current live virtual events with an arrow to take the customer from sport to sport.
Several markets are available within each sport and events for each sport will take place every three minutes except tennis in which matches will occur every four minutes. There are many opportunities to bet on virtual sports so daily staking limits can be set and self-exclusion is also an option in the case of potentially problem gambling.
The Betfair Forum is a community where customers can discuss topics associated with any sport in the sportsbook or on the exchange in a non-confrontational manner . All customers who would like to open a forum account must meet the following requirements:
The Betfair Forum is intended for genuine discussion and the sharing of ideas and opinions. Customers are responsible for what they post and Betfair will remove any inappropriate content. Defamatory remarks will be removed and unpleasant content will be not accepted. However, heated debate about gaming and sports betting is permitted as long as the environment remains pleasant.
The forum is split by sports and anyone who meets the usage criteria can open a discussion. Football is the most popular sport on the form and at the time the review was undertaken there were over 200,000 topics being discussed. Racing gives rise to many discussions in particular with regards the prospects for the leading contenders in major upcoming races. The general Chit Chat area is also well populated with topics.
Betfair Sportsbook has a mobile app version that is free to use for customers of the bookies. The Betfair sportsbook app Apple version can be downloaded from the App store while the Android specific release can be accessed via the new app section of the Betfair website. Mobile users can enjoy the following benefits of betting on the move with Betfair:
The mobile app is available for iPhone, iPad, Android and Blackberry smartphones. There are some minor design differences but the product is basically the same across platforms. Overall, the design is excellent and it is easy to navigate the betting markets. This means an event can be located quickly which is important for spontaneous betting. In 2016 more bets were placed on mobile devices than desktops for the first time. These bets will mainly be placed in the live environment where odds can change quickly so quick access to markets is key for usage and attracting new customers.
Betfair advertise extensively on commercial television in the United Kingdom. This is mainly due to the live betting market being extremely competitive and major operators like bet365, William Hill and Coral promote their desktop and mobile products during the coverage of major soccer matches all the time. The exchange has given the Betfair brand trust and reliability and the sportsbook looks to feed of that reputation. The Betfair app is one of the most comprehensive on the market and the facility to place quick bets maintains the company’s position in a crowded market.
The betfair mobile app is a great way to bet on the move
The Betfair Sportsbook is the latest edition to the stable which began with the development of the exchange and creation of many Betfair jobs. The sportsbook presents markets in the traditional format with customers placing bets and the bookmaker accepting bets. Customers cannot lay a bet in the sportsbook but they can cash out to maximise a profit or minimise a loss.
The main Betfair exchange was founded in 2000 and was innovative at the time as it facilitated peer-to-peer betting. The classic fixed-odds sportsbook was first regulated in 2012 in Alderney and launched the following year. The objective was to take advantage of the strong branding of Betfair amongst exchange bookmakers and apply it to a conventional bookies.
The business model is based on Betfair acting as the bookmakers in each transaction with customers betting against Betfair. The sportsbook can lose money on any event and revenues are dependent on the results of sporting fixtures. To take on board that risk there are margins in the odds which over time will generate revenue.
In 2015 in the UK betting market there has been a number of mergers as the industry has become more consolidated. Of most significance was the deal between Paddy Power and Betfair as it brought together the major online bookmaker and the biggest betting exchange in the world. You can read more on the bookies merger here. However, 2017 sees two major mergers that will have ramifications for the whole industry. At the time of writing Gala Coral and Ladbrokes are discussing joining forces, with the merger looking likely to be completed within the next couple of weeks.
The £5 billion plus merger between Paddy Power and Betfair has gone smoothly to date as neither company owns betting offices so monopoly laws are not being compromised. Most mergers do not offer value to stakeholders but this one has a better chance of meeting its objectives. There is a link between senior management in each concern and the deal matches two very smart companies. That being said, Paddy Power runs its own sportsbook so the implications for the Betfair sportsbook are unknown.
Betfair upon review seems like a solid choice for bettors out there. In particular if betting exchanges are your thing then you will be joining the market leader in this area. To help summarise, we have compiled a list of Betfair benefits that could help you in your decision when choosing a bookmakers to play with.
Interested in becoming a customer at betfair? Then sign-up with the betfair promo code and get £100 in free bets.
Betfair’s betting exchange is the operator’s core product but the sportsbook does not suffer from being secondary, and stands in comparison with other traditional online bookmakers that do not offer exchange betting. The exchange is a more involved form of betting as it features backing and laying. Betfair introduced fixed odds betting to serve the wider sports betting market. Their sportsbook is a good product for new and experienced bettors and is intuitive and easy to use for all levels of expertise. However, for exchange betting fanatics its worth reading more on some of Betfairs competitors like Matchbook and Betdaq to get an understanding of which brand could be best for you.
The merger with Paddy Power could have implications because the aforementioned company offer a traditional sportsbook and not an exchange. The deal will bring about economies of scale and savings, however, it is unclear how that will effect betting margins and enhanced odds. The in-play and mobile markets are still growing and converting customers will be vital for long term profitability. Technical and design standards should be maintained but betting percentages might be adjusted. However, Betfair is one of the dot.com success stories in any sector so customers should continue to be well served by a high quality sportsbook and betting exchange. If you are interested in joining Betfair, then you should consider using the Betfair Promo Code when signing-up so you have some free bets to play with to define your betting strategy.
Betfair makes it easy to switch between fractional and decimal odds. Simply go to the bottom of each page and find the area the says “view odds as”. As soon as you do, your page preferences will be saved.
The withdrawal times will vary depending on the payment type you have used. However, the maximum time it will take is 5 days. Most transactions are generally dealt with, within 1 working day.
If you believe that there is an error, and that one of your bets is not settling correctly then contact Betfair asap. Make sure to provide them with the Bet ID and the Official Source that shows the settlement is incorrect.
The short answer is no. Betfair see no reason to allow an existing customer to have multiple accounts.
KYC is Betfair’s Identity Verification Process. It is done so that they can verify who there customers are which is required for them to hold a gambling licence. Approximately 80% of customers pass this verification test.
Betfair offers you a sign up bonus of £100 in free bets when you use the new customer promo code.