Betfair is a multifunctional platform for gambling and sports betting enthusiasts. Betfair was originally known as a betting exchange. The difference between the two is that the exchange simply provides a platform for bettors to place bets and charges a percentage for doing so (Betfair is 5%), but does not risk its own money or create odds. In other words, on a betting exchange, bettors play against each other by placing their own odds, whereas on a bookmaker’s exchange they play against the bookmaker.
Deposit
You can make a deposit to your betting account using Visa, Mastercard, Webmoney, Skrill, Neteller and bank wire transfer.
The minimum deposit amount – 10 dollars for cards, Skrill and bank transfer; 15 dollars for Qiwi Wallet; 20 dollars for Neteller.
Maximum deposit amount – $99,999 for cards; $4,400 for Qiwi Wallet; €50,000 for Skrill and Neteller; for bank transfer – depends on your limit at the bank;
Withdrawal of funds
You may withdraw funds via Visa, Mastercard, Skrill, Webmoney, Neteller and bank wire transfer.
The minimum withdrawal amount is between $20 and $30.
On average it takes up to 24 hours to withdraw.
Line and live betting
For the sports betting exchange number 1 in the world, it is probably too much to say about the great choice, high odds, etc. It is so obvious. Figuratively speaking, you can bet on “anything and everything”: on Betfair you can bet on all the most popular sporting events and not only. The odds are in most cases as good as Pinnacle Sports and Sbobet.
Advantages
- the world’s largest and most reputable sports betting exchange;
- high odds;
- Do not cut maximums and do not block the account of the plus players;
- Due to the fact that this is an exchange, and not a traditional bookmaker, it is possible to withdraw part of the profit or limit the loss
- (depending on the development of events and the market situation), both during the event, and even before it begins;
- There is a mobile application for betting;
- Lots of games: casino, slots, poker, etc;
- a lot of live video broadcasts;
- there is a traditional bookmaker.
Disadvantages:
- Not familiar to newcomers in terms of functionality and navigation; website;
- not a very detailed roster for some hockey championships and low-rated tennis tournaments;
