Betfair is the British company which has begun to work in 2000. Andrew Blek and Edward Ray became founders nowadays of the world’s largest exchange of sports rates. The idea to move the principles of the usual exchange to the world of rates on sport was not original, but her high-quality realization in practice became so successful action that the exchange of rates on sport Betfair won one award for another. For such rather short term the exchange has received more than 60 international and national awards.
So, for example, in 2002 Andrew Blek and Edward Ray in Great Britain have been called “Businessmen of year”, and in 2004 their child is recognized as “The company of year”. And notice that it is not awards from the bookmaker public! Twice, in 2003 and 2008 the company has received an award from the Queen of Great Britain in the nomination “Innovations in International Trade”.
The staff of bookmaker office totals tens of thousands of employees. Offices of the company are located across all Europe and the world. Betfair in 2007 has got own radio station which broadcasts round the clock, telling about news of the exchange and sport.
It is clear, that the Betfair brand is known, first of all, thanks to the exchange of rates, but under his bosom in 2013 also the online bookmaker habitual to all to whose services it is possible to pass directly from the main website of office has been open. However this material just is also devoted to the review Betfair as the exchanges of rates! This feature has made original revolution in the world of rates on sport in due time, having allowed the British company to become the fashion-maker. Betfair constantly develops and currently can offer the clients a full range of services in the sphere gembling online: exchange of rates, ordinary bookmaker, casino, slots, poker room, etc.Worldwide over 1.000.000 people use services of the bookmaker. Considering the above facts, perhaps, it is excessive to say that Betfair acts in full accordance with the international and national legislation, those countries in which the company offers the products. Betfair has licenses of Great Britain, Australia, Austria, the USA (!), Italy, etc. countries of the world.
The bookmaker office Betfair conducts extensive sponsor’s activity, giving help to many professional and amateur teams and projects. Shares of the company successfully are quoted on the number of the European and world stock exchanges.
Review of the website
The website of the exchange which is located at betfair com has been a few years ago processed and became even more convenient and functional. Though for “conservatives” according to the reference at the top of the page it is possible to upgrade to the old version of a portal. The website is translated more than into 15 languages of the world, including there is also Russian.
It is natural that there is a special application for rates by means of mobile devices. And the huge number of live sports broadcasts which can be looked free of charge at positive balance of the account significantly facilitates process of trade at the exchange.
In general, according to experts, “problems” of players at acquaintance and transition to Betfair, are connected not with objective difficulties, and it is more with usual human laziness and unwillingness to learn something new.
Thus, to understand all advantages of Betfair office it is worth spending 10-15 minutes of the time and to understand difference of the concepts “bookmaker” and “exchange of rates”.
If not to understand distinctions of which it will be a question below then all meaning of the idea put in Betfair is lost and the exchange of rates turns for you into usual online the bookmaker.
Therefore as far as it perhaps briefly we will describe procedure of trade on Betfair. And in general on the website there is a cool help section with a weight interesting explaining text and video of material. After the user has successfully registered Betfair will open before him the following opportunities.
- So, prior to a match or already in his course, you choose the market interesting you.
- Further you make a rate pro or contra a certain outcome. The rate pro differs in nothing from a rate in usual office, and here the rate is contra happy is difficult for perception beginners. Therefore here we won’t consider her, and we recommend to you independently, without haste to study examples and the corresponding reference material on the website of the bookmaker of Betfair. In a nutshell that her essence is that “voting” contra this or that outcome you have to be ready “to compensate” a prize of the player which puts pro this outcome. It is natural that at your prize already to you will pay your prize for the requested coefficient. I.e. putting contra, at a failure, you lose not only the sum of a rate, but have to have enough money on the account to pay one advantageous rate, the person who from the opposite side has accepted your bet. At the incorrect forecast pro this or that event you just lose the rate sum as in usual office. Therefore to beginners not to be confused at an initial stage and not to risk spare cash (though at rates contra the exchange constantly issues warnings of additional financial risks) it is RECOMMENDED (!) to disconnect in settings a column with rates contra at all.
- Important point! Since it is not usual bookmaker office, namely the EXCHANGE, at commission of a rate you can agree with the quotations which are available at the time of your arrival or request other coefficient. At the same time, naturally, that your offer can be accepted, and can be rejected. About a condition of a bet it is possible to observe in the coupon of rates where it will be specified whether you have pair rates or not. Steam rooms, i.e. those which were accepted by other players. If the pair rate hasn’t arrived and to you has bothered to wait, then the offer, of course, can be cancelled.
- One more fundamental moment is that since it is the exchange, you play and you conclude a bet not against Betfair, and against same as you players. I.e. Betfair, unlike the classical bookmaker whether you all the same will win or you will lose. The company acts as some kind of intermediary when betting and provides, figuratively speaking only “the platform for disputes of players”. The company charges only the fee from prizes! At the time of writing of this review she equaled 6,5%. Thus, one may say, that “margin” on Betfair is, but there is she in the form of the fee which is charged only (!) from prizes and initially in coefficients, doing them mathematically unprofitable, isn’t put since coefficients are offered by players. And already during trading they take more or less “final” form.
- Then the most interesting begins. You try on on yourself a role of the trader, only not on the stock exchange, and at the exchange of sports rates. The profit can be got in various ways:- prior to an event if you have truly predicted cash flow and, respectively, change of coefficients;
– during an event if your forecast is confirmed by a current of a meeting.
In these cases, without waiting for the end of a match, you can remove a certain part of profit. If you possess strong nerves or for 100% are sure of an event outcome, then it is possible to wait for his termination and to remove profit on a rate in full. But it is already additional option. It is natural that this “circulation” can be turned several times for a match. It is only necessary to remember that similar trade in the Live mode imposes to the trader still big requirements in respect of financial and game discipline. Otherwise, in time without having left from the market, you risk to lose big money. And having lost psychological balance and wishing to recoup immediately, it is possible to do very easily other troubles with game bank.
- From point No. 5 you can logically assume, and you will be right that before the end of an event it is possible to remove not only profit, but also “to rescue” part of a rate, at adverse succession of events in a match. It also one of fundamental differences of the exchange of rates from usual the bookmaker’s online.Therefore it isn’t surprising that having understood these distinctions between the ordinary bookmaker and birzhy Betfair, having tried in practice the offered options on an early conclusion of a part of profit or restriction of the losses, most of clients, any more never comes back to game in traditional offices.In present conditions quite often before clients of bookmaker offices there are problems connected with access to the website. Unfortunately, here Betfair isn’t an exception, however, when the website betfair is blocked, it is possible to get access to him!
If the website betfair com is blocked, clients of office can use alternative addresses of a resource – mirrors. They will become irreplaceable for each player wishing to stay always in touch. Undoubted plus of mirrors is safety of all functions supported by the website. No matter, that the client of Betfair uses for logging into the personal account a mirror the official site – he will be able always to play. Especially actually it for bettor from Russia as Roskomnadzor often arranges to bookmakers of a shake-up in the form of blocking of the websites. For the Russian clients of Betfair the mirror is a need. Information on alternative ways of access to an Internet resource to find very easily: for users of betfair com of a mirror are published in official groups of the exchange of rates on social networks.
For the exchange of sports rates No. 1 in the world, perhaps, will excessively tell the general words about a wide choice, high coefficients, etc. It and is so obvious. Figuratively speaking it is possible to put on “everyone and everything” here: on the website Betfair it is possible to stake on all most popular events in the world of sport and not only. Coefficients in most cases don’t concede Pinnacle Sports and Sbobet.
What depresses a little, so it is not really extensive list for some hockey championships and tennis matches. Plus as it is the exchange, not all markets, can be active. It is clear, that the last remark belongs more to a little popular events.
On limits on rates, in fact, there are no restrictions. Everything depends on your opportunities and on the opposite side which will be ready to accept your bet.
At your service all most popular payment service providers. The only feature is that for the events which are taking place on the Australian continent at you will ask to create so-called “the Australian account though means on it is mute all the same will be nominated in the American dollars + to undergo procedure of confirmation of the personality. If you weren’t engaged at the exchange in anything illegal and biographical particulars are right, then there is nothing to be afraid. Procedure takes several days, and money from the basic is transferred to “the Australian account” in your profile instantly. All procedure is connected with features of regulation of this field of activity in Australia.
At Live rates also purely symbolical remark. They are, but, in fact, it is necessary to understand that the Betfair exchange it and is one big Live where all events from trade mode offline smoothly flow in Live. Otherwise the idea of the exchange auction would besides be lost.
Separately it is worth stopping on a welcome bonus from the exchange of rates Betfair. To receive fribt, it is necessary for the new player within 7 days after registration introduce the first deposit a minimum of, than 10 EUR. If the rate which the bettor will make for this sum loses, Betfair will return to the player 10 EUR. If the rate plays, to the new client the bonus won’t be counted, but he will derive a prize and pleasure.
This service works quickly and qualitatively. Answers can be received in Russian. It is possible to address for the solution of the problem by e-mail or phone. All necessary contacts are available in appropriate section on the website, and depending on category of your question it is necessary to choose a certain address for the address.
We will sum up some results:
- the world’s largest and most authoritative exchange of sports rates
- high coefficients
- don’t cut down maxima and don’t block the account to plus players
- margin per se is absent, but the fee from prizes of 6,5% is charged
- in a type of the fact that it is the exchange, but not the traditional bookmaker, there is an opportunity to remove a part of profit or to limit losses (depending on succession of events and a situation in the market), as on the event course, and at all till its beginning
- the mobile application for rates is had
- set of games: casino, slots, poker, etc.
- large number of direct videos of broadcastings
- there is a traditional bookmaker
- website, not habitual for beginners in respect of functionality and navigation
- not really detailed list on some hockey championships and a little rating tennis tournaments
- in the unpopular markets business can be done not really actively
Overall Rank 86%