Betfair is the world's largest Internet betting exchange. The company is based in Hammersmith in West London, England.

Since Betfair was launched in June 2000 it has become the largest online betting company in the UK and the largest bet exchange in the world. Betfair claim to have over 2,000,000 clients and a turnover in excess of £50m/week.

WHAT IS A BETTING EXCHANGE?

A betting exchange allows punters (gamblers) to bet at odds set and requested by other punters rather than by a bookmaker. Members can make both 'Back' bets (normal bets on a selection to win) and 'Lay' bets (bets on the opposite side of the Back, against the selection), thereby eliminating the traditional bookmaker

Betfair claims that on average the odds available are 15% better than those offered by a fixed-odds bookmaker.

Betfair charges a commission on all winning bets, which is set at 5% of the net winnings for most markets, although according to how much a client wagers on the site, it is possible to reduce the amount of commission paid to as low as 2%.

The Betfair interface can be seen as bearing a strong similarity to that of the Stock Exchange, with the 'back' and 'lay' options comparing to the buying and selling of derivatives. Indeed there are many professionals who play the Betfair market for profit, using purpose-designed software 'robots', in much the same way as a Stock market trader.

DEPOSIT METHODS

You can deposit funds into your account using a wide variety of payment methods including Visa, MasterCard, Moneybookers, Neteller, BPAY, Debit Cards and Bank Transfer

ACCOUNT CURRENCIES

Singapore Dollars, Euro, Australian Dollars, Canadian Dollar, Hong Kong Dollar, US Dollar, UK Pounds Sterling, Norwegian Kronor, Swedish Krona, Danish Krona

OTHER BETFAIR FEATURES

Betfair Poker Betfair offers Single Table and Multi-Table online poker, Omaha , Texas Hold-Em Poker

Betfair Poker offer poker games for players at all levels. Whether you consider yourself to be a novice or a high roller, you'll find plenty of action playing the fast-flowing Texas Hold'em, or the mathematically intricate Omaha.

Noted professional players sponsored by Betfair include John Tabatabai, Sorel Mizzi, Peter Jepsen and World Series of Poker Europe bracelet winner Annette Obrestad. Betfair Poker also sponsor the WSOPE festival, which is a European version of the World Series Of Poker held in the USA. This event is held in London. Click Here to play Poker at Betfair

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BETFAIR CASINO GAMES

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