Betfair
Betfair is one of the leading providers of online sports betting, casino and poker games, having been established in August 1999. The Betfair free bet works in a markedly different way to others of its kind. Indeed, the Betfair free bet applies to new Betfair customers who register on the site, make a deposit and then place a bet up to £25. New members must also enter the promotional code ‘BET234′ when signing up in order to be eligible for the Betfair free bet. Unlike other sportsbook sign up bonuses, the Betfair free bet of up to £25 is paid out if the new customer’s initial bet loses, thus making it a win-win situation for first time members. As always, it is strongly advisable to read free bet terms and conditions in full before proceeding to sign up to a particular offer.
Betfair itself is also unique in so far as its betting procedures are concerned. Indeed, the site, which is licensed to operate in the UK, Australia, Malta, Italy, Austria and Germany and has twice won a Queen’s Award emblem, puts the role of bookmaker into the hands of its customers. More specifically, Betfair customers can bet that an outcome will happen (back) or that it will not happen (lay). Such bets will be matched with those of other Betfair customers, whose privacy is maintained throughout, in order to determine the potential return. For example, if a certain event is backed by a user with a £10 stake at 10.5 odds, they will stand to win £95 plus their stake but less a commission fee. Despite being matched with other Betfair customers, the potential loss is the £10 stake only.
At first, Betfair may seem a little confusing to new customers, especially those who are familiar with the established gambling model found on all other sites. However, once the betting structure is tried a few times, it becomes very straightforward and simple to understand. Furthermore, the unique Betfair trading model effectively allows customers to hedge their bets on all outcomes for and against, which will very often return a profit in each instance and overall. Unfortunately, how ever much Betfair is described to someone, there is no substitute for trying the system out first hand. What is worth noting at this point is that Betfair provides a comprehensive range of sporting events, so customers can back or lay their stakes on football, horse racing, greyhounds, basketball, cricket, American football, tennis, motor sports and so on. Live in-game betting is also supported on the site.
Undoubtedly, Betfair’s sportsbook system is of greatest appeal to customers. Nevertheless, the company also offers excellent casino and poker services. In respect to Betfair casino, which requires no download and boasts over 50 available games, new customers to the site will be eligible for a 100% first deposit bonus of up to £50. Featuring traditional and new casino, slots, table and video poker games, Betfair casino also claims to receive the lowest profit margin in the industry, which puts the customer in the driving seat. Betfair poker is also popular among players, although this service does require that software is downloaded and installed. New players are entitled to a sign up bonus of up to $500 (terms and conditions apply), while existing members will enjoy a host of regular games, tournaments, promotions and fantastic customer support.
