Is Betfair reliable for sports betting? You’d better believe it! This is because Betfair Australia is one of the nation’s best sports betting sites. The perfect betting site for anybody who wants the best odds on cricket, rugby and Australian rules football!
Read our Betfair reviews to see why this site is serious about giving you awesome odds. After all, it’s a betting exchange which means that the Betfair ratings for odds are unbeatable.
But is Betfair secure? Take a look at our Betfair reviews below and you’ll see why Betfair Australia is one of the safest sportsbooks you’ll come across. Plus you can even get an amazing bonus that will slash your fees. So keep reading and see why our Betfair ratings are so good!
Betfair Pro and Con
- World’s largest sports betting exchange
- Licensed by Northern Territory Government
- Get expert tips on all top sports at The Hub
- 24/7 customer support via phone and email
- Back bets on sportsbook or lay odds on exchanges
Loading up the Betfair betting exchange reveals a website that features a pleasing yellow, black and white colour scheme. While you might be new to betting exchanges, Betfair have made it easy to understand how to go about backing and laying your first sports bets.
You can simply use the navigation bars at the top and side of the site to focus in on your favourite sport. From here you can scroll down to see the latest odds on the individual sporting events.
You’ll see the amount of money that has been matched for each event so far, and then you’ll see a variety of odds for each individual market that sports fans have put up.
Placing back and lay bets – How do you back or lay?
So for a soccer match, you’ll see a range of odds for a home win, a draw and an away win. Now it’s your turn just to click on the odds that you either want to place back bets or lay bets, and then you can just enter your stake and wait for the results to come in.
Betfair also offers a very handy tutorial on backing and laying bets in their help section. Plus there’s an excellent resource called The Hub that can keep you up to date with all of the latest betting tips for a wide variety of sports.
With all of the features that Betfair offer, it would be easy for the brand’s website to feel a little cluttered. But we found that the Betfair site loaded quickly and was reasonably intuitive to navigate around. All of which should make it easy for sports fans of all levels to back and lay bets on their favourite sport.
Betfair App/Mobile – What is Betfair mobile like?
Betfair don’t just offer a great betting exchange on their website, as you can also download the app to back and lay some of the best sports betting odds around.
The Betfair app is currently available for iOS and Android devices. It promises to give you visualisations that are perfectly optimised for smaller screens, plus there are a whole host of features designed to help you get more from your mobile bets.
The Full Market Depth feature looks particularly good as you can just flip your mobile on its side to get a comprehensive view of the odds for big horse races. There’s also some useful Price Graphs on the Betfair app that makes it easy to see how the odds are shifting for the teams, players and runners in your sports bet.
What other features are available on the app?
Other cool features on the Betfair mobile app include a great way to save your favourite markets, and the search tool makes it effortless to hunt down the odds for your preferred betting market.
So while you can always just use the browser on your smartphone or tablet to access Betfair’s mobile-friendly site, for a superior betting experience on the go, then downloading the Betfair app is a must.
All decent bookmakers will provide their customers with a broad range of payment methods for adding funds to their betting accounts. Just read through our Bet365 or BBet review guides to confirm this.
So is Betfair secure when it comes to letting you make deposits? There’s some decent Betfair ratings for payment methods as the brand allow you to pick and choose from credit cards, debit cards, eWallets and bank transfers to fund your sports bets.
Making a deposit
As soon as you register your Betfair account, you are presented with payment options for making your first deposit. You’ll be encouraged to make a deposit with either a Visa or MasterCard account. These both offer instant processing, no fees and you can make deposits from a minimum of $10.
However, you can also use alternative payment methods for adding funds to your account. This means that you can make a bank transfer via POLi from as little as $5, or you could use BPAY to make an electronic funds transfer from $30 upwards.
There’s also the option for using eWallets like Neteller and Skrill. Neteller deposits must be made from a minimum of $25, while Skrill deposits have to be upwards of $15.
Withdrawal options – What’s available for withdrawing winning bets?
There’s much less of a choice when it comes to making withdrawals, as Betfair will only let you withdraw your winnings by making a standard bank transfer or via an e-wallet.
While you won’t incur any fees, you can only withdraw via bank transfer for $15 at a time. The Betfair withdrawal time for standard cash-outs can take up to three days for the money to land in your account. Thankfully, there’s no minimum amount for Skrill and Neteller withdrawals, and you should get your money between one and two working days.
There’s nothing worse than having something go wrong with your sports bets and then being unable to get in touch with the bookmaker. Thankfully, this isn’t something that you’ll struggle with when betting at Betfair Australia.
This is because many Betfair reviews have noted that this brand have a friendly and efficient customer team who are on call 24 hours a day, seven days a week.
You can reach Betfair Australia by scrolling down to the Help & Contact Us section at the bottom of the bookmaker’s website. By clicking on this link you will be given simple ways to speak to the Betfair customer service team who are available 24/7 from their Darwin call centre.
This features a telephone help-desk, and there is also the option of using the dedicated customer service email address. Sadly, it looks like there is nothing in the way of a live chat feature which might limit the Betfair ratings for customer support.
We should also mention the fact that Betfair have a reasonably detailed FAQs section that helps you get a good understanding of how betting exchanges work. Plus there are helpful articles relating to important topics like deposits, withdrawals, account queries and fees.
While Betfair is the biggest betting exchange in the world, there will probably still be a few potential customers who will be asking ‘Is Betfair reliable?’ Thankfully it looks like the brand are fully licensed and regulated by the Northern Territories Government.
This means that Betfair are duty-bound to provide their customers with a safe and fair sports betting service, otherwise they could get their license revoked.
But is Betfair secure? Many Betfair reviews have found that the site protects their customer’s sensitive information by using SSL encryption during all communication between the bookmaker and customer.
There are also positive Betfair ratings for security due to the fact that this bookmaker uses 128-bit SSL Verisign Class 3 Certificates to make sure that each transaction stays in safe hands.
Helping you to gamble responsibly
We also like the fact that Betfair encourage you to gamble responsibly and set your own deposit limits when you sign up to the site. Plus the brand are governed by the Responsible Gambling Code of Conduct to make sure that you get everything you need to keep your betting under control. So is Betfair secure? All of the above evidence points towards a positive answer for this excellent bookmaker.
Betfair appears to have put all of its resources into building perhaps the world’s most comprehensive betting exchange. While this is a noble effort, it looks like it might have come at the expense of putting on any sports betting promotions. If this is a problem for you, then you may want to check out our DraftKings review or BlueBet review guides for an alternative bookmaker experience.
This is not entirely a bad thing, as most sports fans will know that bonuses aren’t always quite as straightforward as they initially appear to be. Things like wagering conditions can ruin a good promotion, so you shouldn’t feel too shortchanged by the lack of Betfair promotions.
However, we should mention the fact that they do allow you a way to gradually reduce the amount of Betfair commission that the betting exchange take from your profits.
You can get discounts on commission anywhere up to 60% and it can work out to be an excellent way to get a little more from your sports bets. You can do this by picking up points that are gained in direct correspondence to your betting activity at the Betfair hub.
You’ll only start seeing a discount on your commission if you manage to pick up over 7,000 points. This will earn you a 10% discount on your commission. By getting over 80,000 points you’ll see your commission rates slashed by a massive 50%, while 150,000 points allows you to enjoy the maximum discount of 60% on commission fees. So, if you want less commission fees, be sure to place more bets at the Betfair betting exchange.
Well, that concludes our review. Betfair are clearly a market leader when it comes to betting exchanges. The brand are able to attract a huge amount of sports fans, so that you can be reasonably assured of finding some decent odds for your chosen sport. Whether it’s horse racing, Australian sports, or cricket, then Betfair will routinely help you find the best odds on the market.
However, betting exchanges might not be for everyone. If you are new to sports betting, then it might be an idea just to start off at a standard fixed-odds betting site. Plus the fact that Betfair add commission to each profit you make might catch some sports fans unawares. Despite this, it’s worth remembering that Betfair give you chance to earn reward points to reduce these fees.
So is Betfair secure for sports betting? The fact that the brand are fully licensed and feature state-of-the-art encryption should mean that you feel comfortable in how they handle your personal details and deposits.
Plus with helpful customer support and safe payment methods, you’ll be able to place any bet with plenty of confidence. So, if all of this sounds good to you, be sure to sign up to Betfair. For a fair comparison, check our out PlayUp review.