Betfair

Official site BETFAIR (2000)

Betfair was born in 2000 in Great Britain. Initially, this company was interested in sports betting (the main market was the horse racing), with time it has grown in terms of products and services offered until you get to about 4 million customers from over 140 different Countries (including Italy with regular license from AAMS). Betfair, it means own fair bet, is the largest online betting company in the U.K. and around the world, offering, in addition to sports betting, other games such as casino, live casino, poker and bingo.

Betting Exchange

Betfair has always wanted to stand out from the competition by offering something UNIQUE that has revolutionized the world of online gambling, a new mode called Betting Exchange or Bourse of the Bets, or Point and Bank.

The Betting Exchange is a system that allows you to exchange sports betting among the players directly: the buying and selling of shares sports can take place in real-time both before and during the sporting event, or even in the case of an outcome that will occur in the long term (example the championship victory). When operating in the Betting Exchange, the operating platform includes a set of quotas and volumes that represent the offers of bets placed by other players. At this point you can decide to buy (to point a share) or sell (to bank-re a share) the share at the price that you want.

To clarify, Betfair allowed for the first time to the bettor play the part of the bench, to become a bookmaker in short, and to sell the shares. The financial markets using the same principles of this mode, with the difference that instead of exchanging shares, the exchange regards the outcomes of sporting events (quotas) and takes place between two players with opposing opinions. It is like playing the stock exchange. Betfair Exchange on the international website betfair.com is the leader platform in the world. To avoid confusion, Betfair, in the year 2013, gave two names to its activities:

  • Betfair Exchange that represents the Betfair Betting Exchange;
  • Betfair Sportsbook as traditional bookmaker, but with a “new style”, providing new tools such as the “cash out” (the player can get out of the bet at any time).

The major sports on Betting Exchange Betfair are: Football, Athletics, Baseball, Boxing, Cricket, Cycling, Darts, Gaelic Games, Golf, Greyhound Racing, Handball, Horse Racing, Mixed Martial Arts, Motor Racing, Rugby, Snooker, Tennis, Volleyball, Water Polo and many others.

Main features of Betfair.com:

    • platform number One in the world in the Betting Exchange
    • possibility to point and to bank-re the shares
    • possibility to make trading on the shares
    • quote best of 10-15% compared to traditional bookmaker
    • commissions 5% with scaling method
    • So many opportunities such as betting on the English horse racing, multiple bets, live betting, mobile app Betfair.
        United States of America cannot place bets.

 

The British bookmaker Betfair is the first and only one that introduced the Point and Bank in Italy.

How to register

To bet with Betfair you must be of age and to open a gaming account by clicking on “Open an Account”. You fill out the registration form where it is necessary:

        • Insert your personal details, tax code and data of the identification document valid which will then be sent a copy to Betfair same set the same copy of the tax code.
        • Choose a username and password to access your game account
        • Apply the sum of the game via a Credit Card/Debit or Bank Transfer.

Completed the simple procedure, you can start betting. The bet is valid only after confirmation by the system of recording, monitoring and validating managed by AAMS by assigning an identification code (ID bet). Having been officially launched in Italian the betting exchange, you can open an account online Betting on Betfair.it and use it for both traditional betting, both for the Betfair Exchange.

To send the documentation you choose one of the following methods:

        • Via email to – contratti@betfair.it
        • Via fax to – 0039 (0) 287 388 596

If within 30 days of registering online Betfair does not receive all the required documentation, the player can not withdraw your winnings and your account will be permanently closed portion after a further 60 days.

Promotions and bonus:

Betfair.com offers to players who have made their first deposit a free bet up to 25 pounds or 30 EUR. Only apply a 5% commission to cover the costs.

Welcome bonus on sports betting: 50% Bonus fino a 50 euro.

Welcome Bonus on Poker: 1000 EUR (To obtain it, you click on “Cashier”, you select “My Account” and you fits the Bonus code “WELCOME-POKER” in “Poker Rewards.” You accumulate “Points State” by playing at cash tables, tournaments or other and you receive 5 EUR each time you accumulate 335 Points State).

Welcome bonus on CasinĂ²:

        1. PROMOTIONAL CODE PLAY20: 200% Bonus (expiry 7 days)
        2. PROMOTIONAL CODE LIVE200: 200 EUR on all games Live Casino (expiry 7 days) – with 500 EUR of play, you unlock 25 EUR; with 2000 other 75 EUR; with 3000 other 100 EUR.
        3. PROMOTIONAL CODE ALL600: 600 EUR on all games (expiry 7 days) – with 1000 EUR of play you unlock 50 EUR; with 3000 other 150 EUR; with 7000 other 400 EUR.
        4. PROMOTIONAL CODE SLOT1000: 1000 euro (expiry 7 days) – with 1000 EUR of play you unlock 50 EUR; with 4500 other 250 EUR; with 12000 other 700 EUR.

The Bonus are not cumulative and cannot be withdrawn, but will be used to make other bets.
The characteristics of the Betfair Exchange are:

        • Minimum bet 2,00 EUR and maximum payout per transaction 10.000 EUR
        • Minimum deposit 6,00 EUR
        • Liquidity from customers resident in Italy of www.betfair.it little, you are not connected to the Betfair Exchange betfair.com
        • Charges laid down by 5% on the profits made by the customer.

Security

Betfair guarantees the integrity and security of the informations related to personal data of the users. All information (username and password) transmitted are encrypted using SSL technology (Secure Socket Layer). In addition, the winnings with Betfair are undergo stringent security checks.