Betfair Review — How to Sign Up & Claim £30 in Free Bet Offer

You might know Betfair as the operator of the world’s largest online betting exchange, but they also run a thriving online sportsbook with some of the best odds and market variety around.

This Betfair review will give you a full analysis of what the site has to offer so you can decide whether it’s the right online sportsbook for your betting needs.

Redactor: Spencer Poole
Published in: calendar
17/11/22

Sports

Motorized Sports
Handball
Darts
Rugby
Cycling
Golf
Chess
Horse Racing
Greyhounds Racing
light add
less

Payment Methods

Paypal Paypal
Paysafecard Paysafecard
Bank Transfer Bank Transfer
Skrill Skrill
Neteller Neteller

Pros & Cons

Pros
Cons
Highly-regarded and trustworthy brand
Dedicated iOS and Android app
World-class market and competition variety
No phone or email customer service support
View statistics and information below

Is Betfair Trustworthy?

Absolutely! Betfair is a British owned and operated company founded in 2000 by Andrew Black and Edward Wray. The company’s UK headquarters is located in Hammersmith in Greater London while their international operations are run from offices in Malta and Cueta, Spain.

Betfair’s parent company, Flutter Entertainment, has over 14,000 employees worldwide serving more than four million users in 40+ countries.

Read below to learn more about Betfair’s solid reputation and reliability.

International Licence and Regulation

As a British-based company, Betfair has all required licences and registration from the Gambling Commission to operate in the UK both as a sportsbook and as a casino. Betfair also holds additional licences to operate in a number of countries including Brazil, Italy, Mexico and Spain.

With these licences, you can be sure that Betfair provides a safe environment for punters.

Responsible Gambling

Betfair is more committed than most sportsbooks to making sure its customers gamble safely and responsibly. Their standalone responsible gaming site offer plenty of tools and services to help punters stay in control of their finances.

These tools include deposit and loss limits, reality checks (notifications that punters get when they’ve been on the site for a certain amount of time), and time out (self-activated) suspension from your account between 1-30 days). Betfair’s safer gambling site also offers helpful information on how to spot signs of gambling addiction, tips for betting responsibly, and links to outside organisations who can offer counselling and financial advice.

International Awards

Not only does Betfair allow you to wage on plenty of international awards such as the BAFTAs, Oscars, and the BRIT awards, but they’ve also won a few of their own.

Their most notable awards came from the late Queen Elizabeth herself. Over their 23 years in operation, Betfair has won the Queen’s Award for Enterprise twice. The first came in 2003 when they won in the innovation category, and the second came in 2008, in the international trade category.

Sponsorships

Over the years Betfair has been a sponsor for many prestigious clubs and organisations, including Barcelona and Manchester United.  Today, many of their top sponsorships lie in the South American market.

Betfair is the official sponsor of Conmebol Libertadores and Sudamericana, the second-largest continental football competition in South America. They also are the official betting sponsor of major Brazilian clubs including Palmeiras, Corinthians and America.

Betfair Bonuses & Promo Codes – Including £30 in Free Bets

Betfair has some of the most varied and profitable promotions among UK sportsbooks. These include the Betfair Welcome Bonus, which allows new users to receive £30 in free bets, and their unique loyalty program, which allows you to customise your rewards.

Read below to learn more about how to take advantage of Betfair bonus codes and promotions for new and existing customers alike.

Betfair Welcome Bonus – Get £30 in Free Bets

With Betfair’s new sign-up offer, new UK customers are eligible to receive £30 in free bets by registering and betting a minimum of £10. Your first bet must be placed within 14 days of registration at fractional odds totalling 1/2 (decimal odds 1.5) or greater.

Make sure to use Betfair’s new customer offer sooner rather than later. as they’re only valid for seven days after acceptance. Any free bet left unused after seven days will be removed from your account.

Betfair Loyalty Program – Customise Your Rewards

The My Betfair Rewards program is a unique promotion that allows you to choose the benefits you receive. With three separate rewards options to choose from, punters can pick the one that best fits their betting style. Below are the three rewards packages and some of their bonuses.

Betfair Rewards+ Package 

  • 10% refund on losses up to £100
  • £10 free acca
  • 2 free plays on Beat the Drop
  • Eligibility for cash race
  • 8% commission on exchange bets 

Betfair Rewards Package 

  • £5 free acca
  • 1 free play on Beat the Drop
  • Cash race access
  • 5% commission on exchange bets 

Basic Package 

  • Pay just 2% commission on exchange bets

How Does Betfair’s Sportsbook Work?

Placing bets with Betfair is a quick and efficient process that is very similar to other popular online bookmakers. To get started on the site, all you need to do is follow these simple steps:

  • Access the Betfair website and register for an account
  • Provide personal information and verify your address
  • Login to your new account
  • Make your first deposit
  • Find a market to bet on and place your bet
  • Request a withdrawal to receive your winnings

Below we explain each of these points in detail and give you everything you need to know about how to use Betfair.

Betfair Registration and Login

feature image Betfair Registration

The Betfair login process is instinctive and expedient. By following the steps below, you can be placing your first bet on the site in no time!

  1. Make your way to the homepage of the official Betfair website.
  2. Click on the black ‘Join Now’ button located in the top right corner of the page, this will open a pop-up window where you will complete the registration process.
  3. Start by entering your personal details on the left side of the screen. These include your first name, surname, gender, date of birth, country, and postcode.
  4. Then, on the right side of the screen, you’ll need to set your account details. These include your email, password, security question, and currency of choice.
  5. In the bottom right corner, you have the option to set a deposit limit if you so choose. Below that, check the box labelled ‘Funds Protection’.
  6. Finally, click the gold ‘Join Now’ button to officially create your account.

How to Verify My Betfair Account

After filling out all the information on the join now page, login to your account with your email and password. But before you can withdraw any funds, you must first complete the identity verification process. Confirm your identity by uploading a photocopy, or taking a picture, of an identification document (passport, ID card or driving licence) including your full name, date of birth, place of birth, and photograph.

This can be done either through Coral’s online uploader tool, or via email at [email protected]

Personal identification:

One Photo ID from the following list:

  • Passport
  • Driving licence
  • National ID
Address verification:

One of the following:

  • Utility bill (less than 6 months old)
  • Copy of a bank statement (less than 6 months old)

After verifying your identity and address you’ll be ready to deposit some funds and make your first bet!

Betfair Payment Methods

With a wide variety of payment methods and quick transaction times, depositing and withdrawing money with Betfair is a quick and simple process.

Read below to learn everything you need to know about depositing and withdrawing at Betfair including accepted deposit methods, minimum deposit amount and withdrawal time.

Deposit Methods

Betfair accepts several deposit methods with varying minimum deposit amounts between them.

Consult the chart below for a list of deposit options at Betfair:

  • £5 minimum instant deposit: Debit card (Visa, Mastercard, Maestro, Visa Electron), PayPal
  • £10 minimum instant deposit: Skrill
  •  £10 minimum 24 hour deposit: Bank transfer
  • £12 minimum instant deposit: Neteller

Deposit Method Min. Deposit Max. Deposit Duration
Paypal Paypal
0 0 0h - 0h
Paysafecard Paysafecard
0 0 0h - 0h
Bank Transfer Bank Transfer
0 0 0h - 0h

Withdrawal Methods

Betfair’s withdrawal time can vary between methods. Check out the chart below for a list of withdrawal options at Betfair.

  • 4-24 Hours: Neteller, PayPal, Skrill
  • 2-3 Banking Days: Bank transfer
  • 2-5 Business Days: Debit cards

Betfair"s minimum withdrawal amount is £1. You should make sure to contact customer service if you run into any issues while attempting to withdraw your winnings.

Withdraw Method Min. Value Max. Value Time
Paypal Paypal
0 0 0h - 0h
Paysafecard Paysafecard
0 0 0h - 0h
Bank Transfer Bank Transfer
0 0 0h - 0h

How to Deposit on Betfair

Before you can begin placing bets on Betfair, you first need to know how to deposit funds. Follow our quick guide below to learn how to deposit payments on Betfair.

  1. Login to your Betfair account and go to the homepage
  2. Click on the ‘Deposit’ button located in the top right corner of the page
  3. On this page, select the payment method of your choice
  4. Enter the amount you’d like to deposit along with your Betfair password
  5. Enter any further details requested (e.g. debit/credit card security code)
  6. Click the ‘Deposit’ button and your funds will be added to your account

How to Make a Withdrawal on Betfair

Before you can deposit your winnings in your bank account, you first need to know how to withdraw funds. Follow our quick guide below to learn how to withdraw funds on Betfair

  1. Login to your Betfair account and go to the homepage.
  2. Click on the ‘Account’ button located in the top right corner of the page and select ‘My Betfair Account’ from the dropdown menu.
  3. Click on the button that says ‘Withdraw Funds.
  4. Enter the amount you’d wish to withdraw and click the ‘Withdraw’ button.

Remember, if you have deposited into your Betfair account using a payment method, you will need to withdraw funds back to that payment method as well.

Betfair Sports Betting Options

Betfair, is well-known in the UK sports betting industry for having some of the best market variety around. Punters have the option to bet on a wide number of sports and events the world over, including the competitions listed below.

  • Football: English Premier League, La Liga, Champions League, Europa League, Euro Cup, World Cup.
  • Cricket: T20 World Cup, The Ashes, Indian Premier League, Caribbean Premier League.
  • Tennis: ATP Tour, WTA Tour, Wimbledon, French Open, Australian Open, US Open.
  • Rugby: Premiership Rugby Cup, Rugby World Cup, Rugby Super League, Australian National Rugby League.
  • Golf: PGA Tour, the Masters, PGA Championship, US Open, British Open.
  • Basketball: NBA, WNBA, FIBA, EuroLiga.
  • eSports: DOTA2, Overwatch 2, LoL, CS:GO, Valorant, Rocket League.
  • Award Shows: BAFTA’s, BET, Emmys, Oscars.
  • Politics: Next Prime Minister, next US President.

Betfair Sports Betting Markets

Betfair has all the standard market variety one would expect from a top UK bookmaker. Read a list below for examples of some of the common betting markets that Betfair offers.

  • Match Odds
  • Double Chance
  • Correct Score
  • Asian Handicap
  • Over/Under Bets
  • Player Bets
  • Accumulator/Multiples Bets

Betfair Betting Odds

If there’s one thing you need to look at when comparing bookmakers, it’s quality odds. If one bookmaker has 4.5/1 odds on a certain bet, while yours only has 4/1, you’re losing potential pounds even if you win.

Luckily, Betfair has some of the best available odds among the top UK bookmakers. They consistently rank above average when it comes to football odds, and offer some of the best odds around in sports like rugby union, American football, and baseball.

Betfair has a wide variety of daily football odds boosts, which makes the odds of certain bets more favourable for a limited time period.

Betfair Live Betting

With the rise of livestreaming, live betting (placing bets throughout a match) has become an increasingly popular form of gambling. Betfair live odds, along with its top-tier variety of betting options and robust streaming service for horse racing, football, and tennis, is a great place to go for any punter looking for a quality live betting experience.

Betfair’s live events user interface makes it incredibly simple to quickly locate all available live betting options. By clicking the ‘In-Play’ button on the navigation bar (or the dropdown menu for mobile users), customers can see a full list of all currently ongoing matches and events to bet on.

Cash Out

Cash Out allows Betfair customers to settle their bet early, even if all parts of the bet haven’t finished.

For example, let’s say you make a multiples bet on the outcome of three football matches and have already successfully guessed the result of the first two. With Betfair’s cash out feature, you will have the opportunity to settle your bet early for a reduced return, regardless of the outcome of the last match.

Live Streaming

One way that Betfair differentiates itself from the competition is with its streaming service, Betfair Live. Betfair Live allows you to livestream horse and greyhound racing, football, tennis, and more.

Live streaming can be incredibly advantageous for punters who prefer live betting. The site allows you to place bets on the fly while watching, enabling expert punters to perfectly time their bets.

How to Bet on Betfair

After creating your account and depositing some initial funds, now it’s time to place a bet. Read the instructions below to learn everything you need to know about betting on Betfair.

  1. Think about what sports you would like to place a bet on, whether its football, tennis, cricket, or any of the 80+ events on offer. Then click on your selected sport listed on the left side of the screen.
  2. Select a match to bet on from the given list, either by betting on teams you’re interested in or analysing the matches for potential easy winnings.
  3. Choose a market to bet on. Whether its match result, player performance, correct score, or any other number of market types, make sure to bet on one that you understand and are comfortable with.
  4. Once you have chosen a game and a market, fill out your betting ticket and select the amount you want to bet, before confirming your selection by clicking the ‘Bet’ button.
  5. Sit back, relax, and watch the match you placed your bet on.

Betfair Casino

Betfair’s sportsbook may be top-of-the-line, but it’s not the only gambling experience they offer. Betfair also runs a thriving online Casino with a myriad of betting options.

At Betfair, poker fans aren’t the only ones who have options. Betfair Casino offers customers over 400 unique game titles including 130 slot games, video poker, bingo, roulette, and blackjack.

But the crown jewel is clearly the Betfair live casino, which allows you to play games like poker and blackjack against other players online. With betting limits ranging from a few cents to £10,000, there are games for players of all monetary and skill levels.

Betfair Casino Bonus – Earn 100+ Free Spins

Betfair Casino offers customers just as many bonuses and promotions as the sportsbook. Read below to learn more about Betfair Casino offers including the Betfair Casino Welcome Bonus and Betfair’s Free Spins promotion!

Betfair Casino Welcome Bonus – Up to 100 Free Spins for New Players

As a welcome bonus, customers can earn 50 free spins just by signing up for an account, and an additional 50 spins just by depositing and staking at least £10 on eligible casino games.

To receive your Betfair Casino Welcome Bonus, register for a new account using the code ‘CASF51’ on signup. Once you finish the phone number verification you will receive your free spins, which can be used on Dynamite Riches or selected other Daily Jackpot games.

After using your original 50 free spins, you will then be able to earn 50 more free spins just by depositing and staking at least £10! First, visit the Casino promotions hub and accept the promotion. Then deposit and bet a minimum of £10 on Daily Jackpot games to earn your free spins.

Betfair Free Spins – Daily Prize Pinball

The welcome bonus isn’t the only way you can earn free spins at Betfair Casino. In fact, with Prize Pinball, you have a chance to win free spins, cash prizes, and more every single day.

Customers can play Prize Pinball once per day with a chance to win a daily jackpot of £1,000 or more! But, even if you don’t win the jackpot, there are plenty of other available prizes including 5 free spins, free spins until you win, £100 cash, or casino bonuses.

Betfair App and Mobile Experience

For punters looking to place bets on the go with all the functionality available on desktop, the Betfair app is the perfect solution. You can download the Betfair app for both iOS and Android Systems, and can also access the Betfair site through a mobile web browser if you don’t want to download an app.

How to Download Betfair on Android

The Betfair app for Android can easily be found on the Google Play app store. Follow the instructions below to install the app on your Android device.

  • Navigate to the Google Play app store
  • Search for ‘Betfair’
  • Download and install the app titled ‘Betfair Sports Betting’
  • Once installed, login to your account and start betting

How to Download Betfair on iOS

The Betfair app for Apple products can easily be found on the App Store. Follow the instructions below to install the app on your Apple device.

  • Navigate to the App Store
  • Search for ‘Betfair’
  • Download and install the app titled ‘Betfair Sports Betting’
  • Once installed, login to your account and start betting

Betfair Customer Support

Betfair might not offer dedicated email and phone support, but they make up for it a bit with 24/7 online live chat, a dedicated Twitter support page and perhaps the densest FAQ page of any of their competitors.

Read below to learn more about Betfair live chat and how to contact Betfair.

Live Chat

By clicking on the ‘Help’ button at the bottom of any page on the Betfair site, Punters will be automatically redirected to the Betfair support page. On this page you can find answers to questions about account verification, login/registration, deposits and withdrawals, promotions, and more. On this page you can also press the ‘Get in touch’ button to start a live chat with a Betfair customer service representative.

Phone Number

Betfair unfortunately no longer offers phone support, but they can be reached via live chat or Twitter @BetfairCS.

Email

Betfair unfortunately no longer offers email support, but they can be reached via live chat or Twitter @BetfairCS.

Betfair Verdict

From humble beginnings, Betfair have more than earned their position as one of the UK’s top bookmakers and online casino operators. We recommend Betfair to any punter in the UK looking for solid odds, incredible market variety, varied bonuses and top-class reliability.

Betfair Frequently Asked Questions

Have a question about Betfair? Check out the answers to some of the most common questions from our readers below!

How does the Betfair Exchange work?

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Unlike a sportsbook, a betting exchange involves customers betting against themselves, with the host site taking a small percentage of the winnings as commission. This allows punters to act as a bookmaker themselves by setting odds that can then be bet on by other customers.

Exchanges are usually higher-risk but they also give attentive punters a better chance of winning big. For knowledgeable punters with lots of sports betting experience, the Betfair Exchange might be right for you.

How long do Betfair withdrawals take?

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Withdrawal times on Betfair can vary between methods but they usually take up to 24 hours for eWallets, 2-3 business days for bank transfers and 2-5 business days for debit cards.

Who owns Betfair?

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Betfair is owned by Flutter Entertainment, an Irish bookmaking holding company created by the merger of Paddy Power and Betfair. Their owner and CEO is businessman Peter Jackson.

Can you cash out on Betfair?

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Yes! Betfair offers early Cash Out for many sports including football, tennis and horse racing.

Written by:

Spencer Poole

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Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of qualifying bets. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply.
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