Make money matched betting with Betfair Exchange

Betfair Exchange

Visit Betfair Exchange

Betfair exchange burst onto the scene in 2000, giving punters a new way to bet and trade on sports betting markets. Instead of being bound by fixed odds, punters are able to bet against one another, creating competitively priced markets across the board.

The company merged with established Irish bookmaker Paddy Power in 2016, although it’s branding remains unchanged. Paddy Power-Betfair is a PLC that is listed on the London Stock Exchange and is responsible for four sports betting brands. Betfair is a fully licensed sports betting exchange which is regulated by the Great Britain Gambling Commission.

Website: www.betfair.com/exchange/
Head Office address: Units 2/4 and 2/5 Waterport Place, Gibraltar
Support: email via support form, telephone 0344 871 0000, live chat
Dispute resolution: IBAS (Independent Betting Adjudication Service)
Supported platforms: PC, Mobile
Mobile Apps: Android, iPad, iPhone
Live Betting: Yes
Odds format: Decimal
Languages: English, French, German, Greek, Italian, Spanish, Russian, Swedish, Turkish, Polish, Portuguese, Danish, Czech, Chinese, Bulgarian, Finnish
Currencies: AUD, CAD, DKK, EUR, GBP, HKD, NOK, SEK, SGD, USD
Payment methods: Visa, MasterCard, Visa-Debit, Delta, Solo, Visa-Electron, Neteller, PayPal, Skrill, Bank Transfer
Welcome Offer: Free £20 Bet here
Significant Terms: 18+. New customers only, bet up to £20 on the Exchange and if your first bet loses, we’ll refund you £20 in Cash. Bet must be placed in first 7 days of account opening. T&Cs apply. Best odds on certain markets for Premier League football, cricket, tennis, golf, horse racing and Greyhounds during specified timeframes. Prices compared against leading UK bookmakers and excludes enhanced prices and specials. Verification of ‘win bigger’ at promos.betfair.com. T&C’s Apply. begambleaware.org

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Betfair Exchange betting

A betting exchange offers a different kind of online betting to the norm. Instead of taking a bookmaker’s fixed odds, you can place a bet at odds of your choosing, so long as it is matched by another member. You can place a back bet to say something will win as normal. However, you can also take on the role of bookmaker and lay a selection which is saying that it won’t win. This is because you are trading with fellow punters who will have differing opinions. For example you might fancy a bet on Man Utd to win at odds of Evens (2.0) while another punter might see them as vulnerable and be willing to take your bet at those odds.

Because there is typically little or no overround on exchange markets, you will find plenty of value. The company makes money by taking a base-rate 5% of any winnings in the form of commission. It is possible to reduce this rate by accumulating points against winning and losing bets but only winning bets will be charged commission. Even accounting for the commission on your winnings, it offers a better chance of long-term profit compared to betting in the traditional way.

There are over 25 sports to bet on, the majority of which have multiple markets available. On top of this, there are special bets on things like TV, Politics and UK Weather betting. The list of sports is; American Football, Athletics, Aussie Rules, Baseball, Basketball, Boxing, Cricket, Cycling, Darts, E-Sports, Financials, Football, Gaelic Games, Golf, Greyhounds, Handball, Horse Racing, Ice Hockey, MMA, Motorsport, Netball, Politics, Rugby League, Rugby Union, Snooker, Specials, Tennis.

You can bet on football every single day, with coverage of competitions from 70 countries worldwide. In addition to this, there are continental competitions such as the Copa Libertadores and international events such as the Copa America. Most games include a large variety of betting markets, with over 65 ways to bet on a typical match from the English Premier League or Spanish La Liga. Meanwhile lesser-known competitions such as the Indonesian Super League still tend to have at least 20 markets to play.

You can navigate to football matches by selecting a league or competition from the menu on the left-hand side or use the search facility to find the game. Clicking on the fixture title will take you to all available markets for that particular match.

There are daily horse racing markets for UK and Irish meetings, whether it be a flat, jumps or All-Weather meeting. There is also good coverage of international meetings from USA, South Africa, France, Germany and a host of other worldwide venues. Ante-post betting is particularly in-depth and you can almost always back your future fancies ahead of time.

You can bet on multiple markets on each race, as well as accessing Tote betting where available. A typical race will consist of Win, Each-Way, Place, Extra Place, AvB (Match Betting) and Forecast markets. This gives you a number of options when betting on the horses and each race card is complete with a Timeform preview.

Betfair Exchange Mobile Betting

Cash Out is a popular feature with many bookmakers and exchanges but Betfair was one of the first to adopt the tool. It enables you to either lock in a profit or cut your losses during a match, race or event. This means you are able put an end to nail-biting finishes and take a profit early. The betting exchange calculates live market numbers in real-time to give you the Cash Out value of your bets.

You can choose to Cash Out all of your bet or leave a portion of the stake running. Simply adjust the slider and once you’re happy with the offer, just hit the yellow button when you want to Cash Out.

As a betting exchange, Betfair can be used in the money making technique of matched betting. Matchedbets.com teaches its members how to make money from bookmaker offers and its guides explain how you can make real cash profits.

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Betfair Exchange website

Betfair started out as a sports betting exchange but now has multiple other gambling products bolted on. Betfair Sportsbook allows you to bet at fixed odds and you can also use your login details to access; Casino, Live Casino, Poker, Exchange Games, Arcade, Vegas Slots, Macau, Bingo, Pools Betting and Virtual Sports.

When logged in, you will see your main account balance which can be refreshed following a deposit. Clicking the arrow to the right will open up a display of your main wallet and promotion balances which is where you will see any free bet or bonus funds. There are also deposit and withdraw options on this sub-menu. Clicking ‘My Account’ on the website header will bring up a range of options. You can view My Betfair Account, Account Statement, My Bets, Betting History, Betting Profit & Loss and Logout. Click any of the relevant options to explore in more detail.

The live streaming service enables you to bet and watch live streams for Football, Tennis, Volleyball, Snooker, Basketball, Darts, Cricket, Ice Hockey, Rugby League, Bowls and Handball. You must have a funded account to watch the video feed and a minimum balance of £2 is required to watch US and RSA horse racing. There is also a facility to watch horse racing from GB, Ireland, UAE, Latin America, Australia and Singapore along with BAGS and RPGTV greyhound meetings. However, a minimum bet of £5 is required to qualify for any of these racing streams.

Betfair Exchange In-Play

In-Play markets cover Football, Tennis, Cricket, Golf, E-Sports, Basketball, Rugby Union, Gaelic Games and Horse Racing. The number of live betting markets vary depending on the sport and level of the event.

The live markets will be listed in the centre, with a display console located in the bottom-right. When betting in-play on football, you can toggle between match view and match stats or even pop-out a live stream if it’s available. They do advise that all live videos may be subject to a short delay.

Betfair Exchange mobile

The mobile exchange gives you full access to all sports markets on most tablet and smartphone devices. As long as your handset is up to date and running the latest software, you should have no trouble viewing the mobile site. It will display according to your screen resolution, allowing for instant access to exchange markets on the move.

There are dedicated apps for iPad and iPhone. You can download either of the iOS apps from the website or directly from the App Store. There is also an Android App which allows you to bet on all of your favourite sports, including football, horse racing, tennis, cricket, and more.

Make money matched betting with Betfair Exchange

Betfair Exchange Free Bet

Free £20 Bet

Betfair Exchange free £20 bet offer. New customers only, bet at least £20 on the Exchange and if your first bet loses, Betfair will refund you £20 in Cash. Bet must be placed in first 7 days of account opening. Full T&Cs Apply

18+. New customers only, max refund £20, refund only if first bet loses on exchange, refund credited as cash, bet must be placed in first 7 days of account opening. T&C's Apply. begambleaware.org

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