Betfair Exchange

The Betfair Exchange new customer offer is pretty straightforward. Just use your desktop or mobile device to register an account with Betfair promo code VAL225. When you have signed up, deposit £20 and place your first exchange bet. If your bet loses, you will receive your stake back as cash up to a maximum of £20.

How to claim the Betfair Exchange New Customer Offer

Step 1: Sign up to Betfair Exchange and enter the promo code VAL225

Step 2: Deposit and bet up to £20 on the exchange

If your bet loses, you will receive a refund as cash up to £20 within 72 hours.

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. begambleaware.org

Deposits using cards or PayPal can qualify for the promotion. All other payment methods are exempt and no refund will be issued. If you intend to use a card, it’s best to pay with a debit card, as credit cards may carry additional charges.

Your qualifying bet can be a back or a lay bet and must be placed and settle within 7 days of opening an account. Should your bet be unmatched, voided or unsettled, you will not qualify for the free bet.

For the avoidance of doubt, your first bet must lose in order to receive the refund. If your first exchange bet wins, then no refund will be issued. Betfair Exchange aim to credit refunds within 72 hours of your qualifying bet being settled.

Betfair Exchange enables you to cut out the middleman and bet against other punters directly. The main advantage of this is that you can generally get much more favourable odds compared to a traditional bookie. You can back a selection to win in the normal way or lay a selection, which is to bet that it will not win.

Betfair Exchange is the most popular sports betting exchange. It makes money by charging a commission of 5% on any winnings you make. Having a betting exchange account is an essential part of matched betting and Betfair is a sound choice.