We have something very special today, Betfair are giving new customers £20 free to bet on the exchange*
Basically this is risk free as if you lose your money will be refunded back to your account, if you win great! you can count your winnings.
Use the link below as the standard offer is different and for the betfair Sportsbook rather than the exchange.
If you are an existing betfair customer, say you’ve used the casino or arcade or something you can claim the existing customer exchange offer which is £5 risk free. Just head over to the promos page on login to opt in for this offer.
What is the Betfair Exchange?
The Betfair exchange is how betfair existed originally before it added new features and became an all in one gaming site and bookmaker. The exchange doesn’t involve a bookmaker rather it is a community of people who bet against each other and the odds get set by the market liquidity.
This means you can bet for something to win or you can lay something you don’t think will win. Essentially it cuts out the middleman of a bookmaker and punters essentially are betting against each other on outcomes.
Why is it better than a bookmaker?
The main advantage for professional gamblers is they can get the bets on if they are restricted by bookmakers. Sometimes you will also find betfair prices can beat bookmakers particularly on higher price horses for example.
What are the disadvantages compared to a bookmaker?
For betfair to make money they take a commission which is 5%. This can seriously each into your profits, so ensure you are factoring it in to the price you are getting and whether you are better off betting on a bookmaker site.
So hopefully that gives you some basic information on what an exchange is, but the best way is really to try it out for yourself. Betfair has many helpful guides and with a risk free £20 free bet up for offer you can try it out without hurting your bank balance.
Grab your risk free £20 offer below…
New Customer Offer, T&C’s Apply 18+. Please Gamble Responsibly
*New customers only, bet at least €20 on the Exchange and if your first bet loses, we’ll refund you €20 in Cash. Bet must be placed in first 7 days of account opening. Click for full Terms and Condition*s