As a betting exchange, Betfair is able to offer a few differences to a standard sports betting site. It is possible to buy or sell the outcome of the bet, it is possible to trade in real-time when the event is taking place and it is possible to trade out to minimise losses or maintain profits. Of course, evolution in the sports betting market has seen cashing out become popular so sports betting exchanges are no longer as distinct as they used to be from sports betting sites, but Betfair is still regarded as the leading option for many people looking for this style of site. Betfair provides standard sports betting options and betting exchange options so punters can have the best of both worlds with a single account.
While there are a number of bonuses and promotions available to choose from when using the Betfair site, as of December 2016, there was no obvious welcome bonus available to players. There are various sports promotions and special offers, while other areas of the site, like the Casino, offers the chance to receive a welcome bonus for signing up, there was nothing notable about offers for new sportsbook players.
There is a wide range of options available for players on the site with gaming options like Casino, Bingo, Virtual Sports, Macau and other options available to choose from. If you’re looking for a site that will provide you with access to a wide range of gaming options, this is a site that will not let you down.
Betfair’s Choice of Betting Options
There is no shortage of sports to choose from in either the sportsbook or live play options. While the most popular sports are highlighted upfront, you don’t need to look very far to find the sport or leagues you are looking for. The NBA is listed as one of the more popular sporting options available on site but you’ll find that there are more basketball betting options available when you drill down into the site. As well as the NBA, the NCAA is featured in America and you will find a number of European based betting options.
The Euroleague is well covered and the main domestic leagues across Europe are all featured on the Betfair site, providing you with ample opportunities to get involved with the site.
The Betfair Bonus
Betfair seems more focused on promotions like Price Rush and specific sport or betting related bonuses as opposed to providing an incentive for new players. This isn’t an issue for some people, there are users who believe the terms and conditions associated with first deposit bonuses to be limiting for a player, and this means Betfair may be appealing to you and what you are looking for from a sports betting site or exchange.
However, the fact that the Casino and Bingo sites on the Betfair catalogue provide bonuses and offers to new players may ensure some people feel a bit left out by the lack of welcoming offer.
Setting up a Betfair Account
It is very easy to set up a Betfair account and whatever page you land on when visiting the site, look at the top right-hand corner. There should be a black rectangle with “Join Now” on it. Click on this button and then provide some basic information to the site. This will be enough to allow you access to the site as a member and you can deposit funds from this point.
Funding Your Betfair Account
Depositing funds into your Betfair account is as simple a process as virtually any other main online sports betting or exchange site. There could possibly be a few more options to select from but the main options are available and all will ensure accounts are funded into your account as quickly as possible. There are very few issues to be concerned with regarding depositing funds into a Betfair account.
The site accepts deposits from:
- VISA cards
- Skrill / Skrill 1-Tap
If you are accessing Betfair from mainland Europe you may have separate options but you’ll find that the process of depositing funds is just as simple.
The site also offers various a number of withdrawal methods for localised cards across Europe.
Betfair offers withdrawals to:
- Bank transfer
- VISA cards
Betfair is most suitable for:
- Fans who like sports betting exchanges
- People who like betting with an established name
- People who like a variety of promotions aimed at different sports
- People who aren’t bothered about welcome promotions
As the leading sports betting exchange, Betfair is a name that many people instantly know and trust. The company has evolved considerably in recent years and its sports betting site is just as reliable and as well-regarded as its betting exchange. The lack of promotions and bonuses for new players may be an issue for some people but equally, this could be a factor that many people approve of, saving them the rigmarole of the hassle associated with meeting the terms and conditions of promotions.
When it comes to finding a reliable sports betting site, with the added bonus of a betting exchange, Betfair is likely to be the number one choice.