Betfair Review

Betfair have been around for years now and are now a huge name in Australia too due to their fantastic service and the fact they are major sponsors of plenty sporting and racing events around the country.

They are synonymous to punters due to the fact they offer the best odds in town (literally) due to the nature of their business. They essential are not a traditional bookmaker, but a betting exchange, meaning punters back and lay bets against each other.

The Betfair betting experience is one of the most unique and rewarding in the industry and they are now firmly established in Australia as one of the leaders in betting. Keep reading to find out a little more about what they offer.

$100 First Bet Refund

We have come together with Betfair to offer customers registering through FreeBet.com.au to secure a $100 First Bet Refund this spring. All you need to do is register via any of our links with the Promo Code FBR426 (so you get $100 instead of the standard $50). Details are below.

How to get your $100 Refund

• First off you have to become a member of Betfair to qualify. Register Here.
• Place your first bet on any race during this year’s spring racing carnival.
• If that selection loses, Betfair will refund the loss in cash up to $100 in total.

How does Betfair work?

People can often get confused with Betfair and how it works. We mentioned above that they are not like a traditional bookie, but instead are a betting exchange. In all honesty though, it’s not that confusing at all.

Betfair is basically like the sharemarket where you have someone wanting to buy shares from somebody who is selling those shares. Betfair is the same, it has people backing (buying) and laying (selling), Betfair is just the third party facility where this happens.

Backing

When you back a bet on Betfair, it is the same as if you went to a bookmaker and wanted to place a bet. Say you wanted to back Carlton in the AFL for $2.00, you’d go on and back them for $2.00 as you normally would at a bookies.

Laying

To lay off a bet is pretty much saying you betting on something to lose. Say you think Carlton are too short at $2.00 and decide to lay them off at $2.10, well you can do this and if you have somebody willing to back that, then you have a bet. If Carlton do lose, then you’d have to pay out that loss.

Betfair Products and Services

You will find plenty of products and betting tools at Betfair which are pretty useful at the best of times. They have a mobile phone betting application as well as a TV sports guide for all upcoming sports, as well as access to live video and radio straight from your PC.

They even have their own betting forum with thousands of posters, so you’ll never be short of tips. Also they provide you with seminars and tutorials on how to master Betfair. There is also a specialised racing section called RacingZone which is tailormade to the racing punter that includes odds archives, results, odds comparisons and much more.

Betfair Website

Ok, I’ll be the first to admit that the Betfair website is not the greatest site going around. It is a bit of a minefield to navigate at first and if your new to the back and lay concept, it might take a bit of getting use to.

However don’t give up on first looks. Give it a bit of a go and you’ll find it isn’t as bad as it first looks. In fact it is very easy to use and once you can master backing and laying, you’ll be well on your way to making profits, more than you’ll make with the other bookies.

You navigate the site by the menu at the top, whether you want Racing or Sports or the Forum or Help Centre, etc. Once you click to go to the sections it is pretty straight forward to follow. It is free to sign up with Betfair, so why not do it and check it out today.