Date published: May 7, 2021
Category: Football
Betfair are one of the most well-known betting brands in the world, offering the biggest online betting exchange as well as a first-class fixed-odds sportsbook and online casino.
You’ll find a number of articles above answering questions regarding Betfair. Click on an article to read more or find some short answers for the most frequently asked questions below.
Betfair are highly recommended here at WhichBookie and so if you haven’t yet registered, it’s a great account to have.
Click here to visit Betfair where you can register a new account and claim the Betfair Sign Up Offer as a new customer.
New customer offer. Place 5 x €10 or more bets to receive €20 in free bets. Repeat up to 5 times to receive maximum €100 bonus. Min odds 1/2 (1.5). Exchange bets excluded. T&Cs / wagering reqs apply.
The Betfair Sportsbook is like any other bookmaker such as Bet365, Betfred or Paddy Power where you can placed bets at fixed-odds on sports. The Betfair Exchange works slightly differently as you can place both back and lay bets. Lay bets are when you are betting on something NOT to happen. eg. A lay bet on Arsenal against Liverpool would win if Arsenal didn’t win ie. the match ended in a draw or a Liverpool win.
You will often get better odds for your back bets on the Betfair Exchange compared to with bookmakers but there are commission charges on Net winnings when betting with the exchange.
As you would expect from a top bookie, Betfair offers a number of different banking options. Those available include debit cards, Neteller, Skrill, PayPal, Bank Transfer, Paysafecard and MuchBetter.
Customers can also deposit into their Betfair account from within Paddy Power shops!
Whether you have forgotten your Betfair account password or simply wish to change it, the process is easy. Simply click on the ‘Forgot your username/password?’ link under the login form on the Betfair website, enter the required details and you will be sent a link to reset your password.
Betfair is widely available in several countries around the world. However, some countries are restricted and so you may find that you are unable to access the Betfair website or your account when in certain countries.
See the help section of the Betfair website for a full list of restricted countries.
If you need to get in touch with Betfair, customer support is available via live chat, email and telephone.
What Is Betfair Exchange Commission?
Unlike when betting with a bookmaker, exchanges charge a commission on bets. At Betfair, the commission is charged on Net profits on each market. Commission rates vary depending on the plan you are on and are set at 5% as standard.
If your Betfair username is your email address, you can change it to a memorable login name in the ‘My Account’ section. However, if you have already chosen a username, unfortunately, it cannot be changed.
From within the ‘My Account’ section of your Betfair account, you’ll be able to edit a number of Player Protection settings. These include:
You can apply the settings to specific Betfair products allowing you full control of your betting habits across the Betfair Exchange, Sportsbook, Casino and other Betfair services.
To find out more about Betfair, you can read our Betfair Sportsbook and Betfair Exchange Reviews which take a closer look at what each betting product has to offer.
