Betfair betting company was founded in 2000 and received licenses from the authorities of Great Britain and Malta. The brand is owned by the Irish holding Flutter Entertainment. Betfair is the world’s largest online sports betting exchange in terms of revenue.
Betfair’s platform consists of three main elements: a betting section, a sports betting exchange and an online casino. The bookmaker provides services on the official website and in mobile applications.
Betfair sportsbook pledges a high margin (8-11%) in sports betting. However, there are very tempting offers on the stock exchange. But there is a different system of forming quotations, in fact, the company simply takes a percentage for providing a platform for making bets between clients.
The office offers betting on 29 different sports, politics and culture. The line on the exchange is narrower because the bookmaker only adds the most popular events to it.
Clients of Betfair BC can make live bets on the betting platform and exchange. The section is called “On the go” and constantly includes many matches. The list of events on the betting site is more detailed than on the stock exchange.
Betfair bookmaker has found itself in the center of scandals several times. In 2011, it became known that the company concealed the fact of theft of the personal data of most of its clients. Previously, the company was accused of violating the rules for preventing corruption in sports. The office has repeatedly refused to pay out winnings to casino users and sports betting fans, citing technical problems and suspicious gamblers’ activity. Betfair has tarnished its reputation because of these incidents and can hardly be called reliable.
The Betfair bookmaker supports several of the most popular ways to replenish the balance and withdraw money. The company does not charge a commission for the payment of winnings.
The bookmaker offers to replenish the deposit through bank cards and electronic payment service providers. The office takes a fee for depositing funds to the account using QIWI and YuMoney in the amount of 2.5% of the payment amount and 1.5% in case of using WebMoney. There is no commission for transactions via cards, Skrill and Neteller.
WebMoney, QIWI and YuMoney are obliged to freeze payments from Russian citizens to the accounts of Betfair bookmakers and other offshore bookmakers, because the law prohibits operators from transferring money to the balance of illegal offices.
Betfair betting company withdraws money to bank cards and electronic wallets WebMoney, Skrill, Neteller and YuMoney. The office conducts an application for the payment of the winnings to the card within five days, to the wallet – in a day.