Betfair is a betting exchange and also a sportsbook that has been online for almost 15 years, founded in the year 2000. Betfair is acknowledged as the world's largest betting exchange which took years to grow. There are more betting exchanges on the market that will certainly challenge Betfair to be the best in the business. Overall Betfair are still a quality betting exchange so lets cover all the important questions about Betfair
Is Betfair safe?
Overall Betfair is a safe sportsbook to play at but here is what you need to know about this bookie and betting exchange. Betfair will pay you when you win, but the only thing you need to be concerned about is when they offer certain promotions. You see in their terms and conditions they have the right to void a promotion so say for example Betfair offers a promotion and make a mistake on that promotion, and they lose a few million from a mistake on their end, well this is where they can void a promotion and it has happened once before. This is a rare event and in reality you'll find this happening at every other bookmaker so this is not much to worry about. Betfair will always pay you and their name and reputation is too big to tarnish over a cashout.
Is Betfair a recommended betting exchange?
When you look at many websites, the consensus is that Betfair are highly recommended. e-sportbets.org has Betfair as a recommended betting exchange. The fact is the site has been around for so long and you struggle to find many player based complaints. They are licensed in Gibraltar which is not the best gaming jurisdiction around but it is certainly a quality one as you look at the list of licensed bookmakers there, it is an impressive list of quality sites.
At esportbets Betfair is the first recommended free bet bonus available. A free bet is a great way to enjoy any sportsbook as a new player where your bet is essentially a risk free bet if your loses. This is one of the greatest betting offers you can get to start betting on any sport you like without having to worry much about the details of the terms and conditions of a bonus.
Other betting exchanges
There are others like Matchbook, Betdaq, and WBX to name a few and certainly more will open in the future. What you need to know about betting exchanges is the more players are in the network, the more betting options you'll have to be able to place or accept odds. That is perhaps the downside of a new betting exchange is you don't have the number of bets available as Betfair. That said usually a new exchange will have an enticing offer to try to make up for the lack of volume.