Betfair Exchange Review

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Betfair Exchange is the exchange betting service offered to customers by the popular sportsbook, Betfair. It is renowned as the best exchange betting service in the industry and will generally give you the best value when you bet online with them. It is the largest betting exchange in the United Kingdom and you will be left impressed by the sports betting markets that are on offer to those who create an account.

£20 Risk Free Bet
New customers only, max £20 cash refund. Bet must be placed in first 7 days of account opening. Payment restrictions apply. T&Cs apply. T&C's Apply

This is not a traditional sportsbook, with punters betting against each other and setting their own odds. Betfair acts as the middle man as the online betting exchange platform, holding the money for you until the bet settles. They will then keep a small commission from the lay bet or the win bet. Continue on to learn more about the Betfair Exchange and what exchange sports betting can offer you today.

Welcome Offer & Bonus

All new customers that create an account are eligible to claim the Betfair Exchange welcome offer. The Betfair Exchange welcome offer gives punters the opportunity to earn a £20 risk-free bet to use on the sports betting exchange as they wish. To claim it, you must be a new customer that does not already have an account with Betfair, including their sportsbook. You should also place your first bet with the sportsbook within 7 days of creating your account to qualify for the promotion.

At this moment in time, there is no promo code required to claim this offer. If a promo code is later required, we will update this page. The offer is risk-free despite the fact that you have to make a deposit to qualify for the promotion of at least £20. Your qualifying bet should be £20 and should be bet on a selection at odds of at least 1/2 or greater. Should your selection win, you will be rewarded with your winnings as you would with any normal bet. However, if your bet loses, you will receive a full refund of £20 in cash.

You can use your £20 risk-free bet on any sports betting market featured on the Betfair Exchange and should you follow all of the aforementioned steps, will be rewarded with your money back as cash if it loses. Funds will be returned to your account within 72 hours and you will be able to withdraw this cash if you wish to do so. The Betfair Exchange welcome offer is one of the better welcome offers that you will find in the industry, particularly if you like exchange betting. There won’t be too many other bookmakers that offer you a £20 risk-free bet, so you should think twice before you choose to pass up on this offer.

Joining Instructions For Betfair Exchange

You can create an account with Betfair Exchange today in just a matter of minutes. You will need to have an account with them to ensure that you are able to claim the Betfair Exchange welcome offer and all of their other promotions and sports betting markets. To begin creating your account, you will need to click ‘join’ in the top right hand corner of the screen. After this, you will be taken to a page where you will be required to enter a number of personal details such as your name, date of birth and address, as well as coming up with a unique username and password combination. This will then be used every time you log in to your account.

Once all of your details have been entered correctly and you have had your account verified, you will then be able to start exchange wagering. We will also remind you at this stage that you will need to place your first qualifying bet if you are looking to claim the new customer Betfair Exchange bonus risk-free bet. If you do not do so you will then be unable to claim the offer. After this, browse their sports betting markets as you wish.

Markets & Betting Options

When it comes to markets and betting options, you have the same options that you would expect to find on an online sportsbook. Each of the popular markets within the most popular sports are available, often at better odds than what you will find on the Betfair sportsbook. The sportsbook offering has excellent depth and the Betfair Exchange lives up to this standard.

Each of the following sports are available for punters to take part in exchange wagering on real money wagers on their exchange service: American Football, Aussie Rules, Baseball, Basketball, Beach Volleyball, Boxing, Cricket, Current Affairs, Cycling, Darts, Esports, Football, Gaelic Games, Golf, Greyhound Racing, Handball, Horse Racing, Ice Hockey, Mixed Martial Arts, Motor Sport, Politics, Pool, Rugby League, Rugby Union, Snooker, Special Bets, Table Tennis, Tennis, Volleyball, and Winter Sports.

This wide variety of markets and betting options ensures that there is always something to complete exchange wagering on at the Betfair Exchange.

Live Betting & In Play

There is also the option to partake in in-play betting when you are an exchange customer. There is an entire in-play section on the Betfair Exchange page which can be found in the top left corner of the screen. Click on this to view a full list of all of the live events that are currently ongoing and available for you to back or lay. At the time of writing, there were in-play markets available on football, tennis, e-sports, baseball, volleyball, snooker, ice hockey, and cricket.

This is a huge bonus to exchange punters, giving you even more choice when it comes to betting with them. The exchange odds will again likely be elite odds when compared to what you will get at a number of other retail sportsbooks. The Betfair sportsbook also offers live betting and in-play markets for punters to choose from.

Ongoing Promotions & Offers

As well as the new customer offer, there are a number of additional bonus offers and promotions featured on the Betfair Exchange. Sports bettors can get the best value when betting on sports exchanges and these promotions will only enhance the elite odds that are on offer to punters. We have listed Betfair’s Exchange ongoing promotions and offers below:

Race Stats App – Download the race stats app to get 75% off your first month with Betfair Exchange. Use the Betfair promo code BF4412 to get access to this deal. T&Cs apply.

Best Odds On The Exchange – Betfair Exchange offer the best odds on football, cricket, tennis, golf, horse racing, and greyhounds. Bet using the sports betting exchange for the best odds.

Refer and Earn – Earn £10 in cash for you and a friend to use on the Betfair Exchange when you refer them to Betfair Exchange sports betting. Maximum £10 per referral. Must have settled sportsbook/exchange/casino bets over £10 in 60 days. Max 5 referrals per customer. T&Cs apply.

VIP Promotions & Player Rewards

Many online sportsbooks will offer their punters the opportunity to enroll in a VIP rewards program. Those who do so offer special rewards such as exclusive VIP events, free bets, and enhanced odds and promotions. At this moment in time, there is no Betfair loyalty VIP program relating to their exchange betting service. There is, however, a Betfair VIP program relating to their online poker service. Punters who enrol into this can get more value for their play on their video poker games and poker bets online.

Casino, Slots & Bingo At Betfair Exchange

Betfair Exchange players can also choose to play casino, slots, and bingo games when they become a Betfair customer. First of all, there is the Betfair casino which features a whole host of casino gaming options and top online casino software. Play all of your favourite casino games such as roulette, blackjack, and hundreds of slots. There is a slots tab available for you to explore their entire collection of slots games. There is a huge selection of video slots to choose from with the Betfair casino.

There is also the option to play bingo games at Betfair bingo. This comes packed with different bingo rooms and games that allow you to play at a level that you feel comfortable with. Play popular games such as Rainbow Riches Bingo on the Betfair bingo platform. The Betfair casino is particularly excellent out of each of the aforementioned products and keen casino players are encouraged to browse the Betfair casino.

Play on Mobile & App

Players are able to play on the Betfair Exchange via their mobile device in a manner of different ways. The Betfair Exchange mobile app is the first of these options, which is free to download for all smart phone users. This app features all of the same betting markets that you are able to find on the exchange website. It is the largest betting exchange app on the market and also has an excellent rating of 4.7 out of 5 stars coming from over 17,000 reviews from the App Store.

Alternatively, you can play on the Betfair Exchange by your phone’s web browser. Again, you will have all of the same betting markets that are available when you play via desktop. However, if you want the premium experience when playing on your mobile you should be sure to download the mobile app. There are also apps for the Betfair sportsbook, Betfair casino and Betfair arcade games that are free to download. All you need to do to take part in them is create a Betfair account of your own today.

Payment Methods & Depositing

There is a wide variety of payment methods and deposit options for customers to choose from when it comes to funding your account. This strong choice of payment methods is not as deep as some other exchange betting or retail sportsbooks, but there is still more than enough to satisfy customers. There is the option to make an instant deposit into your account when using these deposit methods. Each of the following deposit methods are available to Betfair Exchange customers:

  • Visa
  • Mastercard
  • PayPal
  • Skrill
  • Paysafecard
  • Neteller
  • Moneybookers
  • Bank Transfer

As previously mentioned, these are more than enough deposit methods for customers to choose from and will enable you to claim deposit bonuses across the site.

Is Betfair Exchange Trustworthy?

As a bookmaker, Betfair boasts a number of licenses that highlight the fact that they are a trustworthy bookmaker that you can rely on when taking part in exchange sports betting with them. Firstly, they are licensed to operate in the United Kingdom by the UK Gambling Commission. They license and regulate all gambling sites in the online gambling industry in the UK and if you are unsure about a bookmaker’s legitimacy, you should be sure to check out their website.

They hold a number of additional licenses including from the Malta Gaming Authority and the Danish Gambling Authority, as well as having licenses in Sweden, Italy, Spain, and Romania.

Customer Support

If there is an issue with your Betfair Exchange account you should contact their 24-hour customer support team. They have an excellent customer support team that is available to contact via a number of different channels and leave you with more than enough ways to find a resolution to your issue. The first of these is the live chat service, which allows you to speak directly to a member of their customer service team.

This is the most immediate of customer support options and is available 24 hours a day, 7 days a week. The live chat option is excellent and gives you a quick response with a Betfair agent always on hand to respond to your query. There is also a search option within their customer support area. This is similar to a Frequently Asked Questions (FAQs) system that presents answers to a number of common questions asked about the Betfair sportsbook. You can also get in touch with Betfair via social media on their Facebook and Twitter pages, with the ability to send a direct message to either page.

Language Support

English isn’t the only option available to Betfair customers, with there being the option to change the language presented on screen. English is the default language presented on screen but you are able to change this by clicking the Union Jack symbol in the drop-down box at the top right-hand corner of the screen. When you do so, you will be able to choose from the following language choices: English UK, English IRE, German, Spanish, Portuguese, and Russian. This is another point that works in favour of creating an account with Betfair.

Betfair Exchange Summary

From our review, it is easy to see why Betfair boasts the biggest and best exchange betting service in the industry. Customers have a whole host of incentives to take part in exchange sports betting with Betfair thanks to the overall strength of the product. Starting with the new customer offer, punters have the chance to right away earn a £20 risk-free bet to use on their sports betting markets as they wish just for creating an account.

There is then the option to take part in their ongoing offers and promotions, although these aren’t anywhere near as strong as what you can find on the Betfair sportsbook. The ability to place live exchange bets is an added bonus for customers with a strong in-play section available. Additionally, there is an impressive array of sports, markets, and betting options to choose from across the Exchange.

If you are looking to get into exchange betting then look no further than the Betfair Exchange. They will promise to give you the most elite exchange betting service online with a loyal, active customer base on the site. If you haven’t tried exchange betting before then there is only one provider that you should look to be starting with.