$200 FREE BET! – Betfair is the worlds leading betting exchange, a concept it pioneered in 1999! The Betfair group of companies offers a global portfolio of gambling products and services, Betfield offer their betting exchange in the UK. Betfair’s other betting platforms include a bookmaking operation from Malta, and a second betting exchange in Australia
Betfair was founded in August 1999 by Andrew Black and Edward Wray, Betfair is a licensed gambling operator in the UK, Australia, Malta, Italy, Austria and German..
Get Better Odd’s than anywhere by joining Betfair Today! Free Bets
Join Betfair and receive a $200 Bet Refund!
Create an account at Betfair by clicking here! Deposit the money you are willing to bet into your new account. Betfair will offer you bet security up to $200 on your first bet!
Betfair will provide new members who sign up through SignUpBonus.com.au with a 100% first bet refund up to $200, what this actually means is if your first bet loses when you sign up with Betfair – they will refund your bet up to $200! There really is nothing to lose! What great security.
- Deposit $10 (and lose) = $10 Bet refunded
- Deposit $100 (and lose) = $100 Bet refunded
- Deposit $200 (and lose) = $200 Bet refunded
A great promotion from the worlds leading betting exchange, sign up now to claim your $200 First Bet Refund from Betfair, your free bet can be used on any market you wish such as AFL, NRL, Horse Racing, Harness Racing and more! Join now and redeem your $200 Bet Refund from Betfair!
There are a heap of promotions updated regularly on the Betfair ‘Promotions Hub’, these can range from specific specials on a cricket match, to weekly AFL or NRL specials, daily specials on thoroughbred racing across Australia and even a special promotion for owners of racing Horses or Dogs!
Further to this, because Betfair is a ‘betting exchange’ rather than a conventional bookmaker, their risk of loss and overheads incurred is much lower – this leads to odds that on average are up to 20% higher than those offered by competitors. Why would you NOT have a Betfair account? Sign up Today!
Get more at www.australianfreebets.com.au
Betfair provide a very quick, very minimalist webpage that is quick to navigate and attractive. There are hundreds of betting markets available that you can quickly and easily see. There is not a lot of resource intensive content on the pages which means you can get your bet on fast and not have to wait an eternity for the page to load.
Racing, Sports, In-Play Betting, Promotions, Community – They are all very clear to see at the top of the website and easily accessible, you can even customise your Betfair home page on login to go to your favourite market or sporting event immediately – neat!
In-Play betting is a really cool part of Betfair – whilst you can’t actually place bets In-Play on the internet, Betfair off an In-Play planner which will allow you to find out exactly when a specific race or event starts and then call their hotline to place your bet via your online account.
Betfair offer their customers a great mobile application which you can use anywhere, there are a plethora of options for all your mobile platforms, there is an iPhone friendly site which doesn’t require a download at all – or if you like you can down the free iPhone app – as well as a free Android app and the Betfair mobile site which will work on all smartphones! Join Betfair now, download an app and the next time you are at the track – don’t get ripped off by the on course bookies!
Betfair is a Betting Exchange, not a bookmaker – This means you can get up to 20% better odds because the costs of running the business is less, read the explanation below for details.
The Betting Exchange Explained
The role of the betting exchange operator is to provide a well-regulated and safe environment for online and telephone betting.
Under the exchange model, revenue is generated by charging a commission on winnings. Betfair does not operate retail (or ‘shopfront’) premises, nor does it have an on-course presence like a TAB or traditional bookmaker. Services are exclusively provided via the internet and telephone.
A betting exchange is an online platform where punters with opposing views on an event bet at fixed prices, effectively between themselves at prices set by them. It operates in a manner resembling a stock market, in that a punter can either back (i.e. buy) or lay (i.e. sell) an outcome on a race or sporting event.
Betfair acts as the stakeholder of the funds (they are held in a ring-fenced account) and when the outcome of an event is determined, the winner is paid. All bets are pooled, so a customer may be betting against a number of others.
The identity of the opposing customer is not known to the punter, but it is known to Betfair. Revenue is generated by a commission of between 2.6% and 6.5% on a punter’s net winnings for Australian and New Zealand racing; and between 2% and 5% on a punter’s net winnings for all other markets.
Unlike a traditional bookmaker, Betfair doesn’t take any risk. A bet is only accepted if it can be immediately ‘matched’ and the risk offset through a wager from another customer with a contrary view.
A punter must open an account with Betfair before placing a bet and must always have sufficient funds deposited to cover their maximum potential loss. Betfair validates the identities of all users by applying a 100-point identification check .
The use of technology allows Betfair to introduce higher standards of probity, consumer protection and integrity than is possible under cash-based systems.
The betting exchange model offers participants a number of advantages over traditional wagering products such as bookmakers and totalisator operators.
Because betting exchanges have lower costs, and carry no transactional risk to the operator, they are able to offer a “lower price” to the customer. This “price of wagering” is sometimes referred to as the “takeout rate” or margin.
In the case of Betfair’s racing product offerings, this lower price makes racing more competitive with other low-margin forms of gambling such as poker machines, casinos, sports betting and online poker. The end result is that Betfair customers secure odds that are, on average, 20 per cent higher than those offered by competitors.