Betfair exchange has gained wide popularity among modern players. The betting market has received many of the highest ratings that relate to reliability and performance. The betting exchange is a unique phenomenon. This project combines exchange activities and a betting game.
History of development
Betfair is the largest betting exchange in the world. She appeared in the UK and has been leading her history since 1999. The exchange gained wide popularity due to the specifics of its activities. Players were given the opportunity not only to make bets, but also to accept them.
Participants here act as bookmakers and players who can independently put odds on accepted and producing bets. Throughout its history, Betfair has received extremely positive reviews, as it is a reliable and responsible platform.
Activity specifics
Betfair is a betting exchange, it does not affect transactions between players. Participants resolve all disputes and issues arising among themselves. The exchange only charges a commission on won bets of 5%. In reviews of "Betfair" this is noted as a big plus. Many users also note a quick withdrawal of funds, as well as the operational support service.
The exchange has a license to conduct gaming activities in certain countries of the world. She has received many world awards, and also acts as the official sponsor of the Malaga football club. Betfair's services are used by more than 3 million people. There are many positive reviews on the net about Betfair Poker, the popular virtual poker room. It can be located in people living thousands of kilometers apart. This platform supports the Russian language. The advantage is called that payments are made honestly and promptly. The disadvantage is the small number of tables.
Betfair bookmaker is the largest in the world. The aim of the game on the exchange is to maximize profits. All risks are minimized for players. A betting exchange allows players to earn big profits in no time. This independent branch has gained a solid reputation due to the fact that players leave positive feedback about Betfair Poker. Software will leave a positive impression on any player, as it has convenient search functions, beautiful graphics and the ability to analyze perfect mistakes.
Bookmaker Betfair operates on its own software. Reviews about Betfair sport can be left by any participant on the forum or on a specialized site. Most real players say that this exchange is the best global brand, as it is highly professional.
The device and the principle of the site "Betfair"
The site has a user-friendly interface that is intuitive. However, for beginners, it can cause certain difficulties, due to the presence of many coefficients. Having understood the basic principles of this site, you can independently accept and place bets. Betfair reviews can be read on the forums. The opinions of the players about the company are different. Many note a high percentage of the commission to win. An advantage is called an extensive selection of various sports.
Players are not limited in setting maximum bets, which distinguishes this exchange from other bookmakers. thanks to all this, reviews about Betfair inspire optimism and stimulate the desire to register on the exchange.
The main advantages of the company
Betfair allows you to accept and bet on many sporting events. Among them are: hockey, football, boxing, handball, volleyball and other popular sports. There is also the opportunity to bet on exotic sports. On the Betfair exchange you can make live bets. Betfair reviews were of great importance in 2017, as they influenced the improvement of the company.
This exchange format is convenient in that players can place bets until the final whistle sounds. The rest of the betting organizations complete the acceptance of bets at the beginning of the competition. During the match, the odds change, so the players get even more excitement. The participants are increasing not only financial, but also sports interest.
The main advantage of Betfair is that the odds are set by the players, so they have less risky values, unlike other betting organizations. For this reason, the final gain is many times greater, even taking into account a deduction of 5%.
Betfair exchange provides an opportunity to link a trading robot for more efficient trading. Separate programs are developed by players independently. On a specialized forum you can find detailed instructions for creating them.
The task of the virtual assistant is to analyze the changes in the line, as well as to track the flow of bets. The functionality of the trading robot allows you to place bets under given market conditions, close unprofitable positions and work with many markets. That is why Betfair's betting exchange reviews are extremely positive.
Line and Odds
The exchange covers more than 20 sports, including the most popular competitions. Also, the exchange accepts bets on weather, TV shows, politics and other popular events.
The formation of coefficients occurs during the bidding process. Participants may offer bets with their odds. In this case, the exchange will charge 5% of each win. For citizens residing in the territory of the Russian Federation, the commission will be 6.5%.
ESports, which is represented by Dota 2 and Counter-Strike tournaments, gained wide popularity on the exchange. The selection of events of this kind is quite extensive, so the matches are very popular. In 2017, Betfair received good reviews, as it has a wide scope of activities.
All of these odds are in competition with world-class bookmaker lines. The term margin here is replaced by the commission that must be paid. The final commission will depend on the size of the monthly turnover, which can be reduced to 2.5%
If a player’s winnings do not exceed 50% of the amount of his bets, then no commission is charged. Single bets on odds from 1.5 and up are not subject to commission fees.
Site Description
The pages of the site have a convenient and intuitive interface. If there are certain difficulties, you can use the Learning section, which contains training material and video instructions. Everyone who is interested in such a pastime can check out the information on Betfair. com. Reviews about the work of the site will help determine the choice. The site has been translated into 11 languages, including Russian. If you have any questions about his work, you can contact the round-the-clock support service. Russian-speaking operators can only be contacted by email. The presence of a convenient and simple interface is the reason for the popularity of the company.
How to register at Betfair
To complete the registration procedure, you will need to fill out a form. A verification procedure will also be required. The system may request scans of identification and registration. The player has the right to create and open an account in euros, dollars and five other currencies.
To get access to Betfair, the participant will need to install a browser that has a built-in VPN (Opera, Safari, Tor and others). Registration takes place according to the following sequence of steps:
- Filling the profile in Latin.
- Indication of all necessary contact details.
- Currency selection.
- Entering a password and answering a security question.
- Consent to the exchange policy.
- Account activation by clicking on the link that comes in the email.
- Passing the verification procedure.
The Betfair website is adapted to work in mobile browsers. For this, special applications have been developed. On Android you can download them on the official website. Smartphone users can download the Betfair app on the App Store for the iOS platform.
How to fund and withdraw money at Betfair
All financial transactions are implemented using popular trading systems. At the Betfair exchange, the main world currencies are used: the British pound, the dollar, and the euro. The limit on cash withdrawals should not exceed the limits of payment systems. In the "My Account" section, the user independently sets the parameters for the limit on input and output.
In order to deposit funds into the account, you can use the following options:
- Skrill.
- Neteller
- Mastercard.
- Visa
- Other payment systems.
The system allows a minimum deposit of $ 10 (560 rubles). You can withdraw funds using conventional plastic cards. The system allows a minimum withdrawal amount of $ 10 (560 rubles).
Making bets on this exchange is a safe and cost-effective solution for players. After examining the reviews about Betfair Sportsbook, we can conclude that this bookmaker is reliable and honest.
How to bet at Betfair
The exchange offers two types of bets: “For” and “Against”. “For” is similar to a simple bet of betting companies. “Against” is a position that is reversed. At the same time, the participant acts as a bookmaker. If a player makes a “Against” bet, he automatically agrees to pay the full amount of the winnings to the player who chose “For”. The reverse situation is also possible.
The minimum bid is $ 2 (112 rubles), the maximum size is not limited. In order to make a bet, it is necessary to have the opposite rate in the corresponding amount from another participant.
If the participant is not satisfied with the existing odds, you can apply for more favorable conditions of the game. This action will put the participant in the waiting queue.
It is important to know that this exchange has nothing to do with changing coefficients. Participants set their own values and form a betting line.
Bonuses
The Betfair exchange has an accumulative point system that allows players to get a good discount on commission. Depending on the number of bets won, the total number of points will depend. The more participants accumulate them, the lower the percentage the exchange will pay for the commission on winning.
According to the rules of the betting company, the use of the following tools is provided on the exchange:
- Acca Edge Allows you to return the amount of the bet on several sporting events if one of them fails.
- Cash out The tool controls the rates. The participant is given the opportunity to receive payment at any convenient time. The player can save a certain part of the bet in the event that the development of events is not in his favor.
All sports promotions and special offers are available only after passing the registration procedure. The exchange provides a special bonus on your first deposit. The bookmaker provides free 30 euros (2100 rubles) immediately after replenishing the account with real money. During the promotions on the exchange, free bets are common. A certain amount is credited to the special bonus balance. It will depend on the conditions of the current promotion. Real Betfair Sportsbook reviews, as well as more detailed information on bonuses and rules can be found on the official website.
Reviews
The activity of this exchange has been licensed by the gambling commissions. However, this site does not have a license from the main Russian regulator in this area. In this regard, the reception of bets from Russian participants is carried out illegally. Players cannot access the exchange because it is blocked by providers. Despite this, the site can be accessed through the mobile application.
The actual reviews of Betfair that can be found on the forums are slightly different from those shown on the official website. Nobody disputes the merits of the company. Here you can really successfully put the money to really earn. Participants also call the advantage of the exchange that it provides convenient game conditions, which we wrote about above.
But there are a number of very significant shortcomings in the work of the company. One of them is the unilateral closing of a player’s account without any explanation. It is also noted that it is sometimes very difficult to withdraw your money.