Betfair Exchange is the worlds biggest online betting exchange and has millions of users worldwide. Betting exchanges work differently to bookmakers in that you’re betting against other people rather than a bookie. On a betting exchange, you can also place lay bets which are when you are betting on something not to happen.
Betting exchanges generally don’t provide as many betting offers as bookmakers but there are some great promotions available Betfair which are worth taking a look at.
As Betfair Exchange is a betting exchange, you won’t find common horse racing offers such as Best Odds Guaranteed and Extra Places available. You’ll need to head to the Betfair Sportsbook for those types of offers. However, Betfair Exchange do occasionally run free bet offers for Horse Racing.
One horse racing offer which has been available at Betfair Exchange is their ‘Free Bet Streak’ offer which although isn’t limited to horse racing, is valid on it. With the Betfair Exchange Free Bet Streak offer, you place a £20 bet on the exchange to receive a £20 free bet. Should your bet win with your free bet, Betfair will give you another £20 free bet to use on the exchange. You can keep receiving free bets so long as the bet with your free bet wins. It’s an excellent offer and one that beats many others from dedicated sportsbooks.
The Free Bet Streak offer can also be used for football but you may also find other football offers available at Betfair Exchange. However, for more football offers, we recommend taking a look at the promotions page of Betfair Sportsbook where you’ll find regular ‘Bet & Get’ offers, price boosts and other promotions based around upcoming football matches.
New customers at Betfair Exchange can claim the signup offer which is excellent but as an existing customer, you’ll be able to take advantage of a number of betting offers on a regular basis.
As well as the offers listed above, which are available to new and existing customers of Betfair, you can also earn £10 cash for every friend you refer to Betfair. You’re able to receive the £10 cash reward up to 5 times meaning that you could earn £50 cash just for sharing your referral link with friends and family which you think may be interested in registering an account with Betfair Exchange or Sportsbook.
Towards the end of 2019, Betfair introduced Betfair Rewards which gives customers the choice of being on different commission plans, each of which have their pros and cons.
One reason why some people use betting exchanges other than Betfair is due to the lower commission rates. Betfair have generally set their standard commission rates as 5% which is quite a lot higher than the likes of Smarkets and Matchbook which offer just a 2% commission on net winnings. However, with Betfair Rewards, customers can choose to move from a 5% commission plan to a 2% plan with the click of a button. This will result in the customer not being eligible for Betfair Sportsbook and Exchange promotions but many customers have chosen this option to save money on commission fees on the exchange.
There is also an 8% commission plan which results in an increase in commission charged on winning exchange bets but also means that the customer receives additional rewards such as a £10 free bet each month, entry into the Betfair Cash Race and other perks.
Betfair Exchange promo codes are generally not required. However, you may need one when registering an account with Betfair Sportsbook if you are looking to claim the signup offer.
If a promo code is required to claim an offer at Betfair Exchange, it should be clearly stated in the terms of the promotion. You’ll find all of the latest betting offers at Betfair Exchange by clicking on the ‘Promotions’ tab on the website.
As Betfair Exchange doesn’t run as many promotions as standard bookmakers, they’re less likely to send out invitation-only betting offers. However, it can happen and customers may get exclusive commission rates or offers.
Be sure to check any emails which come through from Betfair so that you don’t risk missing out on these offers should they become available.
If you have opted in to email communication from Betfair, you should receive the latest and best offers direct to your inbox when they become available. Free bets, lower commission deals and other promotions can be available at Betfair Exchange from time to time and so it’s important that Betfair are able to contact you via email to ensure you don’t miss out.
It’s not often that Betfair Exchange run mobile betting offers but with many bookmakers offering them, it’s not out of the question.
Mobile betting is an increasing trend and some bookmakers run offers where you have to place a bet using a mobile device in order to qualify.
In-play betting is huge at Betfair Exchange as it is a platform that is used by many types of bettors including traders. In-play offers are not common but should they become available, you’ll find them listed on the promotions page of the Betfair Exchange website.
18+, selected races & meetings only, first bet only, bets placed on Win market only, min matched odds 4.0, max £10 cash refund, selection must trade at 1.99 or lower in-play and lose, refunds credited within 2 hours of bet settling further T&C's apply, begambleaware.oeg
18+, UK/IRE customers only, max £20 per customer (max 5 referrals, family or any persons at the same postal address are excluded), referrees must have settled exchange back bets of £50 in 30 days, on 5 different markets (min odds 1.2). Further T&C's apply. Begambleaware.org