Betfair overview

Betfair is the largest online betting exchange in the world. The company was founded in 2000 and its headquarters are located in West London, Dublin and the UK. They have a turnover in excess of £50 million per week and over 1.1 million active users. Betfair owns subsidiaries in the United States. Their TVG Network is dedicated to horse racing, broadcasting live races, race analysis and interviews. Betfair also has a subsidiary in New Jersey which provides online gaming products.

The exchange

Betfair is a sportsbook as well as a betting exchange, but they are widely known for their exchange. This means that you are not placing bets against the site, but you are rather betting against other players on the site. There is no option that will allow you to see these players nor you can interact with them. What sets Betfair apart from other peer to peer betting sites is their liquidity. Even though you are betting against each other, you can use Betfair very much alike the online traditional bookmaker.

It offers two options while placing a bet. The “Bet” option is shown in blue and the “Lay” is displayed in red colour. You are allowed to choose any one of both options available. Both of these options show exact decimal odds along with other odds. The other odds offered are less enticing. These odds will only apply if you take all the money offered by highest odds or if you are the one providing the lay and competing against the odds.

If you find this too complicated, you can just focus on the blue option. Betting on Betfair is quite similar to as you would do on an online sportsbook. As the competition is high on Betfair, you will find the best cricket odds here. Betfair cricket odds often outdo the other best sportsbooks and the outside odds are often double than the other sites.

Betting on cricket

Betfair lists sports in a sidebar and clicking on the cricket option reveals the current competition as well as the matches on which Bet365 cricket odds are available. Choosing an event reveals the various markets, such as specific matches, outright special, top batsman and many more. You will get a full list of available markets and prices by clicking on one of these options.

Betfair lists sports in a sidebar and clicking on the cricket option reveals the current competition as well as the matches on which Bet365 cricket odds are available. Choosing an event reveals the various markets, such as specific matches, outright special, top batsman and many more. You will get a full list of available markets and prices by clicking on one of these options.

The odds display the most recent prices and clicking on the odds will open a virtual betting slip. You can then confirm the odds or you also have the option to manually adjust these odds. Keep in mind that the adjusted odds can become a confirmed bet only if the other player agrees with the offered price. Our cricket betting tips can help you in increasing your odds of winning.

Laying on cricket

Betfair allows their players to place both the standard back bets and lay bets. A lay bet is the opposite of back bet. In a back bet, the player is betting that something will happen. In a lay bet, the players bet that something will not happen. For example, a certain team will not win. Betfair matches the bets when one player wants to back a bet for a set amount of specific odds and the other player wants to lay the bet for the same odds.

Lay betting is complicated than standard betting and it takes some time to get used to. You can take the help of the video tutorial provided on the site. Betfair also offers cricket betting bonus to its customers.

Advantages of betting on Betfair

There are various benefits of choosing Betfair over a traditional bookmaker. Below are some of them.

Better odds

– You are betting against other players at Betfair. Traditional bookmakers keep 9% of the won amount. At Betfair, you simply have to pay a commission on the won mount which ranges from 2 to 5%.

Live streams

– You can find international cricket, tennis, football and other sports streaming on the Betfair website. All of these games are available for betting as well.

Well trusted

– Betfair is very famous in the United Kingdom and it also sponsors the Manchester United team. They have also partnered with many other leagues in order to stop match-fixing. Betfair is not a fly-by-night betting site. Hence, you will certainly get paid after winning.

Making transactions at Betfair

Betfair offers a wide range of payment options, such as credit card, bank transfer and cheque. You can also make transactions using your PayPal and Moneybooker account. Betfair has a closed-loop policy which means that any withdrawal has to be paid back in the original source, until the value of the initial deposit has been met.