Betfair is a site that has proved to be immensely popular with Australian sports bettors. It’s made a strong reputation as the ‘world’s biggest betting exchange’, and when you look at the amount of money in the markets, it’s clear that this is no overstatement. While the overall product offerings are highly admirable, when you dive into the nitty gritty of the markets and alternative features, things just start to look even better.

We’ve covered all of this within this comprehensive Betfair review. However, if you want to skip ahead and get started with Betfair right away, why not sign up today?

Pros and cons

  • Ability to make ‘back’ and ‘lay’ bets
  • Some of the best betting odds around
  • Live streaming available

Sports

If you are a fan of sports betting, Betfair is a site that will definitely appeal. From the moment that you land on the Betfair homepage, you’re greeted by a barrage of sports and markets to bet on. The site can actually be quite overwhelming at first, but this is a good problem to have! In the exchange, you will find exciting markets for sports like soccer, rugby league, tennis, golf, cricket, horse racing, and even snooker.

It’s also quite cool how you can customise your Betfair experience. It’s possible to add sports to your ‘favourites’, change how the odds are displayed, and even turn on notifications for upcoming events. The only downside really is that when you’re using the Betfair exchange, it can involve a bit of a learning curve for beginners.

  • American Football
  • Athletics
  • AFL
  • Baseball
  • Basketball
  • Boxing
  • Cricket
  • Cycling
  • Darts
  • Gaelic Games
  • Golf
  • Greyhounds
  • Horse Racing
  • MMA
  • Motor Sports
  • Netball
  • Rugby League
  • Rugby Union
  • Snooker
  • Soccer
  • Tennis
  • American Football
  • Aussie Rules
  • Baseball
  • Basketball
  • Boxing
  • Cricket
  • Cycling
  • Darts
  • F1 and Motorsports
  • Football
  • Golf
  • Greyhounds
  • Handball
  • Horse Racing
  • Ice Hockey
  • Rugby League
  • Rugby Union
  • Snooker
  • Tennis
  • UFC/MMA
  • Volleyball

Odds

Betfair is a site that offers an immense range of betting markets, and these are often backed up with some of the most competitive odds you can find anywhere online. When you dive into the popular sports that are listed on the exchange, which include American football, tennis, cricket, and rugby league, you will find much more than just the basic 1×2 markets. Betfair regularly comes up with betting markets such as tournament outrights, handicaps, and spread markets, which shows there’s something to suit most players on the site.

As we’ve touched upon earlier, Betfair offers exceptional betting odds too. To stress just how exceptional, the returns generated by players that made winning bets on the Melbourne Cup were more than 11% higher than alternative bookmakers. These odds aren’t just competitive for a few key sports either – they are competitive across the board.

With Betfair, you’ve also got the added benefit of being able to make ‘back’ and ‘lay’ bets since the site operates as an exchange. If you are unfamiliar with how this works, a back bet is basically the standard bet that you’d make with most online sportsbooks (highlighted in blue on the site). A lay bet, however, allows you to bet against an outcome, which gives players much more flexibility with what bets to take on.


Live Betting & Streaming

Both of these features are absolutely supported by Betfair, which is fantastic if you’re a fan of fast-paced and exciting betting action. It is super easy to filter through and find both live markets and events that can be streamed too. All you need to do is hit the ‘in-play’ button to reveal all of the markets that are currently underway. In the live markets, you can often find much better value than you can in the pre-match markets too, depending on what’s happening in the game in question. Betfair offers live betting for pretty much all of the sports that are covered on the site, so you won’t be limited on options.

When it comes to streaming, Betfair once again excels in what it has available. Within the main exchange, you should see a link that is displayed as ‘Betfair Live’, and this essentially allows you to only see events that can be wagered on and watched at the same time. Much like the live markets, Betfair offers streaming services for a vast number of sports such as basketball, soccer, and tennis. You must maintain some money in your account to actually access streaming services, and the quality of most video streams is superb.


Design & Usability

The overall design of the Betfair site is extremely professional, yet it can take some getting used to. This is especially true if you are brand new to online sports betting, as it can take a short while to become familiar with the back and lay markets. However, besides this minor learning curve when starting your Betfair journey, you will find that the general functionality of the site is fantastic. With clear links to all important sections and almost instant loading speeds, Betfair is a site that is a pleasure to use for most people.

We love that the display of the odds is quite dynamic too, especially in the live markets, and this helps to keep the site very engaging.


App Review

You would assume that a site as advanced as Betfair would have a top-tier mobile app to accompany the desktop site, and that’s exactly what the site provides. The app itself contains many key features that are available on the desktop version, including live betting, streaming, and even the option to view statistics for certain games. This app can currently be downloaded on both Android and iOS operating systems, and we have to say that the simple layout of the app is just as impressive as the range of features.

If you prefer, you can also use this app from a tablet device, and the general layout and functionality remain exactly the same.


Payments

It’s important to be able to manage the finances of your Betfair account with ease, and this is something that Betfair has obviously taken into consideration. The site provides a wealth of online payment options you can use for both deposits and withdrawals, and the minimums that are enforced for both transactions can range from $5 to $30 depending on the method you choose. Please see the available options below:

Deposit

  • POLi
  • Bank Transfer
  • Visa/MasterCard
  • Maestro
  • Skrill/Neteller
  • PayPal
  • BPAY
  • Pay ID

Withdrawal

  • Skrill
  • PayPal
  • Neteller
  • Bank Transfer

The standard processing time for withdrawal requests is between 1 and 3 business days with Betfair. That said, this is reduced should you choose to withdraw through PayPal, which can take just 24 hours. There are no fees charged by Betfair for any withdrawal requests.

You can pay by:

Bank Transfer, Mastercard, Neteller, PayPal, POLi, Skrill, Visa

You can withdraw by:

Bank Transfer , Neteller , PayPal , Skrill


Deposit Times and Limits

  • Credit/Debit Card Min: $10.00
  • Online Banking (POLI) Min: $5.00
  • PayPal Min: $15.00
  • Bank transfer Min: $30.00
  • Neteller Min: $25.00
  • Skrill Min: $15.00

Withdrawals Times and Limits

  • PayPal Min: $5.00 up to 24 hours
  • Bank transfer Min: $15.00 1-3 days
  • Neteller Min: $2.00 1-2 days
  • Skrill Min: $2.00 1-2 days

Contact Details

Customer Support
Betfair prides itself on offering 24/7 customer support services for all of its members, and it does this through two separate methods: phone support and email. Giving the customer service team a call is the quickest way to receive a response. There is also quite an extensive ‘Help’ section that you might want to check out, as here you can find a bunch of information relating to common concerns. If you do need to speak to someone, though, here are the contact details for reaching Betfair customer service:

Conclusion

Betfair is evidently one of the very best sites in Australia when it comes to sports betting. Based on our findings in this review, we’re confident that Betfair offers some of the most extensive betting opportunities in the market, and when it comes to the odds, there are few sites that are more competitive (if any). These are all factors that just cannot be ignored, which is why we would absolutely recommend giving Betfair a try if you are searching for a new betting platform to join.

To do exactly that, just sign up through our easy-access links, which will take you directly to the registration page.

Questions and answers

How often does Betfair have live markets available?

Betfair is a site that covers sporting events that are taking place all around the globe. For that reason, you will typically find that whenever you check out the live betting section, there will pretty much always be markets available for you to wager on.

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