Betfair
Legal Name: The Sporting Exchange Ltd.
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Betfair is considered the top betting exchange bookmaker. Betfair has won a Queen's Award for Enterprise, in the Innovation category, for 2003. The award is the latest and most significant endorsement the company has received, and will allow Betfair to carry the Queen's Award emblem on its site for the next five years.
All bets on Betfair have been placed there by users who either want to have a bet in the normal way (back), or offer odds to other punters (lay). Bets are matched between people with opposing views. You can bet that an outcome will happen (back) or that it won't happen (lay). You can choose the odds you want to play and you can also bet whilst the game is in play.
You do not pay tax at Betfair, and commission is only paid on your net winnings on each market. This is particularly beneficial if you have multiple bets on a single market such as the Premiership Winner market. Some of your bets may win, some may lose, however you only pay commission on your NET winnings. If your bets in a particular market amount to a net loss, you do not pay commission. Betfair offers a customer incentive scheme. You can receive a discount off the standard Market Base Rate dependent on how much you bet. The more you bet, the larger the discount you receive. This is known as your Discount Rate.
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Bonus: Free Bet
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Legal Name: The Sporting Exchange Ltd.Address: The Waterfront, Hammersmith Embankment, Winslow Road W69HP London
Country: Great Britain
Phone: +44 208 834 8000
FAX: +44 208 834 8001
Email: info@betfair.com
On-line chat: No
Minimum Matches: Singles
Minimum Bet: 2 GBP
Maximum Bet: Free
Maximum Winnings: Free
Ways to place a bet: Internet, telephone
Odds Format: Decimal
Deposit Options: Credit/Debit card, bank cheque, cheque, bank wire
Credit Cards: Mastercard, Visa
Minimum Deposit Amount: 25 GBP
Withdrawal Options: Credit/Debit card, cheque, bank wire
Currencies: Euro, Dollars, GBP and other
Taxes: No
Languages: English, German, Greek, Spanish and other
Secure Site: Yes
