Betfair is a betting exchange, slightly different to the average bookie, whereby the odds on offer have been placed by other punters. You can offer your own odds or accept those given to you.

Unlike most other bookmakers you have the option to ‘lay’ a bet, backing the event that something will not happen. At Betfair odds are in a decimal system to make for easier comparison, and you can bet in play on certain sports.

Betfair is the world’s largest betting exchange, and claim that their odds are on average 20% better. Betfair makes its money by taking (5% or less) commission from any winnings.

With coverage of all the major markets, sensible limits on deposits and withdrawals and minimum bets, along with very competitive odds, it is no surprise Betfair is massively popular with the punters.