Betfair Australia Review


Betfair is a betting exchange rather than traditional bookmakers. They offer a number of markets including horse racing and sports. They also allow members to trade positions within the market which can be valuable insight for savvy punters.Betfair has a great selection of betting markets for Australian racing and sports events. The odds on Betfair are often 20% better than those available through a sports bookmaker.Online sportsbookBetfair is one of the world’s oldest and largest online betting brands. It operates both a sportsbook and a peer to peer betting exchange, the latter of which is the only one available in Australia. Betfair also offers a range of trading tools and apps that help punters maximise their profits.This unique betting option allows you to bet against other punters rather than the bookmaker and often provides better odds than a traditional fixed or tote market. This feature is popular with informed punters, particularly for major horse races like the Melbourne Cup. Odds are typically 20% better on average than standard bookmakers, and even higher for markets that are less popular.There are many ways to deposit and withdraw money from Betfair, including credit and debit cards. However, it is important to note that your bank may charge a currency conversion fee or cash advance fees. Moreover, you should check your local laws to ensure that you are not violating any gambling laws.In-play bettingIn-play betting is a form of wagering that takes place during an event, such as a horse race or football match. It is offered by many bookmakers and is a popular alternative to pre-event betting. The odds are updated continuously as the action unfolds.In addition to live betting, Betfair offers a number of other features that help punters make informed decisions. These include live streaming, stats, and a wide variety of events to bet on. Most bookmakers also offer a mobile app that allows punters to place bets on the go.The Betfair website is simple to navigate and has a clean layout with quick links and upcoming markets listed down the left-hand side. Its exchange model means that you are betting against other punters rather than the bookmakers, and this gives punters better value, control, and opportunity. The site also lets you hedge your bets, which reduces exposure to losses if an event does not go your way.TradingBetfair is a very different type of betting site to conventional bookmakers in Australia. They operate a betting exchange, which allows punters to lay off outcomes that they do not think will win and back others at odds set by other punters. This can be very profitable and allows punters to hedge their bets to minimise losses or guarantee profits. Betfair is a global company owned by Crown Resorts Ltd and offers a wealth of different features for Australian bettors.In addition to their exchange, Betfair also has a regular sportsbook and horse racing markets. The odds on offer are often 20% better than those available through a standard bookmaker. Betfair also offers a number of payment options and has excellent customer support. You can deposit and withdraw funds using Neteller, Skrill, bank transfer, and PayPal. In addition, Betfair will refund your stake if nobody takes your back or lay bet. This is called a ‘Matched’ bet.Customer serviceWhen it comes to customer service, Betfair Australia has a great system in place. Australian punters can contact the company by phone, email or social media. Typically, Betfair will respond to any questions in a very short period of time. In addition, the company offers a number of live sports betting events and a mobile app.Betfair’s betting exchange is one of the most popular features on the site. This allows punters to offer their own odds on games and events, which are often better than what the bookmakers are offering. It is also easy to deposit and withdraw funds at Betfair. Withdrawals are processed within a day, which is fast for the betting industry.Betfair also has an extensive FAQ page and a series of How To videos. The company is known for its quick response times and friendly staff. In addition, Betfair offers a comprehensive loyalty program that gives customers a chance to win prizes.