Or so goes the advertising slogan.Betfair is not a bookmaker but an exchange site. It is able to offer significantly better prices than traditional bookies as it is literally made up of Joe Public betting against each other. The other significant difference is that you can actually bet against, as well as for, something happening. It is modelled on the stock exchange and offers much wider options for the bettor. 'Gambling's for fools'. **************** Old moleface may be correct with his immortal line from the Ace of Spades, but Betfair offers the option to trade at much lower risk than outright gambling. Sports trading is experiencing ...  Read the complete review

Betfair is an exchange betting site which is unlike normal betting sites,it gives you the opportunity to not only back horses to win but also back them to lose!! You can of course bet on loads of different sports such as horse racing,football,greyhound racing,tennis and many many others. As well as all that they have exchange games,poker and casino betting so theres plenty for everyone. The site is quite easy to navigate even for a newcomer although small bets should be made by a beginner as mistakes can easily be made. I have been a member of the site for 8 years now and new members can get cash incentives on their first deposit. The minimum ...  Read the complete review

Betfair is a bookmakers that is not actually a bookmakers at all- it is rather a 'bet exchange', or "betting as it should be" as the slogan goes, like bets between friends, but it takes 5% commission on all winnings something that really grated me. It can do this because it is internet only, and like most things the internet has bought us it is marginally better than real life (here represented by grotty betting shops), but still nothing to enthuse about. It has a few main advantages: it claims to provide an average of 20% better odds (although it does not seem noticeable while you are playing it, and of course they take 5% of your winnings), they ...  Read the complete review

Betfair is an online betting exchange. It allows the user to both back and lay outcomes of an event, which differs from bookies who only allow you to back an outcome. This is a great advantage for a punter, as laying an event means (s)he is more likely to win. Backing Chelsea to win means the punter can only win the bet if Chelsea win. Laying Chelsea to win means that the punter can win if Chelsea lose OR draw. The website has a nice layout, which is relatively easy to navigate. All your account information is easy to access, such as what bets you have placed, account statement, withdrawals and deposits etc. Bets normally go through quickly and a big ...  Read the complete review

Betfair was launched in June 2000, and since has become the largest betting exchange on the internet. So what's a betting exchange and how does it differ to your average high street bookmakers? A betting exchange is where you bet against other people rather than directly against the bookmakers. Aside from Normal betting to "Win" what else is different..... - You can bet to "Lay" which means you are betting something to lose. - Betting "In play" which means you can bet on something in real time, whilst the event is taking place, meaning the odds are changing all the time. - Lay your bets in play if your ...  Read the complete review