Betfair Betting Exchange Guide
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Betfair Betting Exchange
The Betfair betting exchange is one of the most exciting gambling opportunities for customers online. The main difference with betting at an exchange, is that customers bet against each other instead of a bookmaker.
Also, customers will lay bets instead, which means that they are predicting on a selection to lose. You can learn more about the Betfair exchange odds and Betfair promo code below.
How Does the Betfair Betting Exchange Work?
The Betfair betting exchange offers an experience unlike anything else. Customers can place bets against fellow players, instead of the traditional way of betting against a bookmaker. Punters pay a small commission on winning bets.
However, on a betting exchange, you can ‘back’ a bet (to win/be correct) or ‘lay’ a bet (lose/be incorrect). Below, you will see some of the positives of this type of betting:
- Offering customers better odds
- More transparency
- Experience feels much fairer
- Greater choice of betting opportunities
- Allows for trading
What is a Betfair Exchange Bonus?
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How to Get the Betfair Betting Exchange Bonus?
New players in Betfair legal countries can take advantage of the bonus when signing up to the Betfair betting exchange. As is common in this industry, many operators, including Betfair, offer promo codes for new customers. Use this link to find out about the latest Befair promo codes and special promotions.
To claim the current welcome offer of up to £100 in free bets, follow this step-by-step guide:
- Follow the link on this page to begin the sign up process
- Fill out the information required by the sportsbook, such as full name, date of birth and create your account
- Verify your account by following a link sent to your email address
- Add funds to your account, making sure that you follow the terms and conditions of the bonus
- Place your qualifying bet, and then the free bets will be credited to your account
Betfair Exchange Betting Markets
The Betfair betting exchange offers a range of betting opportunities to customers. You can find out more about the sports that are available for Betfair exchange lay betting below.
Betfair Exchange Football Betting
Football is the main sport available on the Exchange, as customers can place bets on all the biggest tournaments. The main competitions that players can expect to find in the Betfair football section include the Premier League, La Liga, Serie A and the Champions League. Players can make bets on the Draw No Bet, Over/Under and Correct Score markets as well as the Match Odds, among others.
Betfair Exchange Horse Racing
There are few sports that are more popular on the Betfair Exchange than horse racing. The sport boasts the best odds available for customers, and typically ensures higher returns than the sportsbook. There are Betfair exchange odds on horse racing for all the most popular events. That includes the Cheltenham Festival, Grand National and Royal Ascot.
Betfair Exchange Tennis Betting
Tennis is another sport on the Betfair exchange. It is an extremely popular sport around the Grand Slam events. The most popular events include the French Open, Wimbledon and the US Open. There is also an impressive selection of Betfair exchange live betting options. Customers can bet on markets such as the match winner, set 1 winner, handicap and total games on the biggest tennis events.
How Do I Read My Betfair Exchange Screen?
The Betfair Exchange screen is slightly different to the presentation on a traditional sportsbook. This can overwhelm some new users. Let’s go through how to read the screen so you know how it works.
Here’s a sample of the match result market for the Euro 2020 match between England and Denmark.
- The blue boxes – these are the best odds for the ‘back’ bets (betting the outcome to happen).
- The pink boxes – these are the best odds for the ‘lay’ bets (betting on an outcome not to happen).
The odds are shown in the top of the box. For instance, the best price on England to win (back) is 1.81. This means if you stake £10, your returns will be £18.10.
Below the odds is the amount of liquidity in the market. For the (back) England at 1.81, the liquidity stands at £33,998 – meaning you can bet up to this amount and the bet will get matched instantly at that price.
Is Betfair Betting Exchange Legal in My Country?
Players that want to place a bet on the Betfair exchange lay betting options will need to ensure that their country is legal. Below, we will list some of the countries where players are able to make wagers on the Betfair exchange live betting markets:
- United Kingdom
Find out more about betting mistakes in our review.
Betfair Betting Exchange FAQs
Take a moment to browse through our FAQ for some extra information on the Betfair sports betting exchange.
Is there a Betfair Exchange App?
Players can explore the range of exchange options on the Betfair mobile app. The same markets that can be found on the desktop site can also be found on the dedicated app. Players can also access various Betfair live streaming options on the app.
Can you make money on the Betfair Exchange?
There are professional Betfair traders who make money using this exchange. However, for one customer to make money, another has to lose it. Always bet responsibly and keep your activity healthy and fun
Can you get banned from the Betfair Exchange?
Betfair has the right to ban, or block any customers that they believe aren’t following the terms and conditions of the exchange.
Do you get better odds on the Betfair Exchange?
Customers can get better odds on the Betfair Exchange on most markets compared to what they can expect to find on the sportsbook.
What is the Betfair Exchange commission?
As part of playing on the Exchange, customers will need to pay commission on any winning bets that they have. If you have a losing bet, then you will not need to pay commission on your selection.
Do you get your stake back on Betfair Exchange?
Customers will get the stake that they have bet on returned in the winnings for their selections. However, losing stakes means that the cash is lost.
Betfair Betting Exchange Review
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