Overview
Betfair is an Australian licensed bookmaker owned by Crown Resorts (Blackstone). Its wagering licence is held by Betfair Pty Ltd and regulated by the Northern Territory Racing and Wagering Commission. It ranks 10 of 16 in our betting site ratings with a score of 4.3 out of 5.
Key features
- Back and lay betting exchange where punters bet against each other
- Commission charged on net market winnings at a Market Base Rate: 6% on sport and international racing (NRL 10%), 8% or 10% on Australian racing depending on state and code
- Premium Charge and Turnover Charge apply only to some very high activity customers
- Betfair Starting Price (BSP) bets and Cash Out on exchange markets
- Exchange quinellas and exactas that can be backed or laid, plus Same Game Multi markets on AFL
- Betfair Pty Limited also runs a separate fixed odds sportsbook brand, CrownBet, on a separate platform
Racing and sports
Betfair covers thoroughbreds, harness, greyhounds. Sports markets include AFL, NRL, Cricket, Tennis, Soccer, Formula 1, NFL, NBA.
- Same game multis: Yes
- Cash out: Yes
- Live streaming: Yes
- Best Tote or Top Fluc: No
- All three racing codes: Yes
- Live chat support: Yes
Deposits and withdrawals
Deposit methods: Visa debit card, Mastercard debit card, PayPal, Osko bank transfer.
Withdrawal methods: PayPal, Bank transfer.
What Betfair says about withdrawal times: PayPal up to 24 hours; bank transfer 1 to 3 working days.
Customer support
Live chat: Yes (24/7). Phone: 1300 238 324 (helpdesk); 132 238 (telephone betting). Email: service@betfair.com.au.
Responsible gambling tools
Betfair offers the following tools to help you stay in control:
- deposit limits
- loss limits
- time out
- self-exclusion (minimum 6 months)
- BetStop national self-exclusion
- activity statements
- budget calculator
- self-assessment questionnaire
Our verdict
Betfair scores 4.3 out of 5 in our ratings. Its strengths include same game multi available and cash out available. The main drawback we found: betting exchange, so prices depend on other punters. Compare it with other bookmakers in our betting site ratings.