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Betfair Review

betfair reviewRead the following Betfair Review for a full overview of the best betting features of the world’s biggest betting exchange. Betfair is a unique option for punters, compared to a traditional bookmaker.

Betfair operates much like a stockbroker who buys and sells shares on the Stock Exchange. Back, Lay or Trade on the exchange and this review will detail exactly how Betfair is different.

Betfair has a wide-range of products to enhance your betting experience including in-play betting, The Hub, live streaming, a mobile app and more.

Continue reading to learn more about the exchange in our detailed Betfair review.

How does Betfair work?

Let’s assume you and a friend Adam decide to have a bet on a football match. You want to back Collingwood and Adam wants to back Carlton. Another friend Damian is going to hold the money for the bet, and he will receive a small commission on the winning bet for doing so.

Betfair is much like your friend Damian, holding bets for punters across the globe and taking a 2% to 5% commission on all winning bets.

Betfair Odds = BIGGER WINS!

What this means for punters is much better odds than the TAB because the money does not go into a big pool where a large chunk is taken out before dividends are declared.

It’s punter versus punter directly, and that’s why Betfair odds means BIGGER WINS for punters!

Join Betfair right now and start getting the best odds for your bet.

Lay Betting

How Betfair differs from corporate bookmakers is the ability to back your selection to win or Lay it to lose. Lay betting is exclusive to Betfair and means you are betting on something to not win, that’s the simple explanation.

Instead of backing a sports team or horse to win a match or race, with lay betting you can bet on either to lose. So basically it’s the total opposite of traditional betting where you place a bet on a team or horse to win.

The key with successful lay betting is to find the best odds for something that you think won’t win. To lay a team or horse in a race, you must have the funds in your account in the event of a win.

Find out more about lay betting when you join Betfair.

Betfair Review Promotions

The betting exchange promotions are designed to enhance punter experience in a positive way. The Betfair SP (BSP), or Starting Price claims to pay around 17% better odds than the TAB on average. Betfair Starting Price benefits include higher odds, quickly matched bets, minimum & maximum odds limits, and no unmatched or partially matched bet.

The Hub

Betfair provides a comprehensive betting advice section of their website via ‘The Hub‘.

the hubExclusive to Betfair, The Hub is a selection of news, getting started guides and more to help you become the best punter possible during your Betfair experience.

The Betfair Insider is a great feature of the Hub and provides in-depth betting advice for punters. The Insider will preview the upcoming sports or racing events and give a full overview of the event, with statistics included.

The Betfair Data Scientist provides a statistical strategy towards betting and aims to predict the best outcome.

Betting Better at Betfair

In the Betting Better section, you can learn more about basic betting strategy, racing strategy, sports betting strategy and lay strategies.

The main sports Betfair focuses on is Tennis and Cricket betting strategies. For racing, they provide tips for horse racing trading, pricing a market and advanced in-play betting strategy. In the lay strategies section, you will learn lay betting tactics and advanced lay functionality.

The Hub also provides useful guides for depositing and withdrawing funds online from your Betfair account. As our Betfair review shows, an account at the exchange is highly recommended.

Join Betfair now and start improving your betting knowledge.

Live Streaming

Another feature by Betfair is the ability to watch Live streaming directly from your computer. With Live streaming, you can watch live sports or racing from around the globe.

You location dictates watchable live events, and some can be unavailable due to the geographical location.

Watch Live streaming and bet at the same time!

Betfair Review Products

Betfair is one of the best options for betting on racing in Australia or overseas. They have a huge range of useful products that are designed to help you win more.

The first of those products is the Betfair Starting Price option, which aims to offer a better price compared to the Tote. The difference with Betfair’s starting price is the odds are determined by the betting market instead of the on-course bookmaker price. The Betfair Starting Price is available for thoroughbred, harness and greyhound racing both in Australia, New Zealand and Overseas.

They also have a Racing Prediction Model which uses statistics to determine which runner to back. The predictions will assist with finding value bets and aims to predict the race before it begins!

Bet on Racing with Betfair and boost your odds!

Betfair Mobile App

With the Betfair Mobile, app, you have the ability to keep track of your bets from your mobile device. The app allows for backing and laying bets, viewing market percentages or market rules and deposit/withdrawing options. The deposit option links to a separate website for secure depositing. You can choose between a credit/debit card deposit or select alternative methods.

When you first login on the app, the homepage will display featured products, links to sports or racing categories, the Hub, next to jump racing markets, featured upcoming racing events and featured sports markets.

Betfair Mobile is available for use with popular mobile devices including iPhone and Samsung. Alternatively, you can view the mobile website by visiting m.betfair.com.au

Download the Betfair Mobile App to your smartphone today!

Opening an Account

If you’re new to Betfair and would like to signup, they offer easy and popular deposit options. The list of choices includes credit and debit card, POLi, BPay, Neteller, Skrill and back transfer.

If you bank with National Australia Bank (NAB), the funds will be released on the same day. The minimum deposit for debit and credit cards is $10 and $5 for all other deposit options.

Join Betfair to Bet on Mobile

Join Betfair right now and start getting the best odds straight to your mobile phone.

  1. Register a new Betfair account here now
  2. Browse sports and racing betting markets for free
  3. Deposit funds to start betting on your mobile

A Betfair account means better odds for punters and that means bigger returns along the way!

Overall Rating JOIN NOW


Deposit funds at Betfair using the most popular methods.

secure online betting

Terms & conditions apply – More details can be found here.

Customer Service

A unique feature of the customer service at Betfair is the ability to request a demo of how Betfair works. Just call the support team to book in a demonstration time.

They provide a phone number for phone betting as well as a support line to fix any account or betting issues.

Telephone Betting: 132 BET (132238) available 24/7
Helpdesk: 1300BETFAIR (1300 238 324) available 8am – 10pm, 7 days a week.

They offer live chat from 8am – 7pm every day of the week. Otherwise, you can email the support team, and they’ll aim to answer your question as soon as possible.

Responsible Gambling

The slogan at Betfair is “Bet Fair, Bet Smart”. The team at Betfair provide options for limiting your spend if betting is becoming a problem.

You can choose a deposit limit or block your account for a certain amount of time. The website provides a list of gambling helplines to help you solve the problem efficiently.

Betfair is only available for over 18-year-olds and follows the betting code of conduct in Australia.

About Betfair

Betfair was founded in 2000, and the main headquarters located in London, United Kingdom. In February 2016, Betfair merged with Paddy Power (owns a stake in Sportsbet) to create one of the largest online betting businesses in the world.

Betfair is currently the world’s biggest betting exchange with more than 3 million customers worldwide. They offer fixed odds betting, very much like a traditional bookmaker, but Betfair users set their own odds and bet against each other, with a commission paid to Betfair for winning transactions.

Betfair became licensed in the Northern Territory in 2016 and all transactions are through the Betfair Global Exchange.

Betfair Australia is owned by the ASX-listed Crown Resorts Ltd, who are the creators of Crown Casino in Melbourne, and Crown Casino Burswood in Perth. They’re proud to back the AFL, NRL and Cricket Australia.

Betfair Best Odds

betfair best odds

Betfair Tennis Model

betfair tennis model

The Data Scientist's Tennis Model identifies trading & value betting opportunities throughout a range of ATP & WTA tournaments.

Betfair SP

betfair sp

Back or Lay with ease at top value odds with the Betfair Starting Price. Find out why smart punters bet with Betfair SP!

Betfair Hub Guide

betfair tennis model

The Data Scientist's Tennis Model identifies trading & value betting opportunities throughout a range of ATP & WTA tournaments.

Visit Betfair

betfair website

The Betfair website is easy to navigate with Racing, Sports, and The Hub, all available from the top menu. At the bottom of the page are links to the Betfair Community forum, frequently asked questions, Live racing and Betfair TV guide.

Connect with Betfair