Instead of betting against the bookmaker, Betfair odds are created by the demands from other bettors. Betfair collects a small commission from the winner of each bet to pay for its operations.
The site offers clean graphics and a straightforward layout. Although the site can look cluttered because of the large variety of betting options available, it is still easy to navigate and understand.
The primary betting options are located on the top menu bar, and more betting options are shown on the left side bar. There is no shortage of things to bet on. They offer bets on over 20 sports including Cricket, Horse Racing, Football, Tennis, Golf and a lot more. They also offer online poker, as well as Casino and Live Casino action on the Playtech platform. You will also find betting options for financial markets.
The unique system of sports betting at Betfair offers slightly more options than traditional sports betting. Every event will offer a “Back” as well as a “Lay” bet. A back bet, notated in the blue box is a bet that the particular team will win. A lay bet, notated in the pink box, is a bet that the particular team will lose, or the opposing team will win or draw.
When it comes to horse racing for example, you can back a particular horse, or you can bet on a particular horse losing with a lay bet, which also means you are betting for all other horses to win.
Both a back and lay bet are necessary for a bet to be completed, where each position is an actual person making the bet – One to back bet, another to lay bet. This means that the available bets are determined by how many people are willing to take the opposite bet, as well as the total amount wagered. This is otherwise known as “liquidity”. This can be a problem for smaller market events where fewer bettors may be involved, but you should find plenty of liquidity in larger market events.
While Betfair does accept Indian players, they do not offer deposits in Indian Rupees. This means you will need to deposit in another currency such as British Pounds, US Dollars, or Euros.
However, they do accept ewallets including Neteller and Skrill, which make depositing in other currencies easier, and in most cases, cheaper than other methods such as credit card or bank wire.
Depositing with credit card or other methods can be very difficult from India, so we highly advise using an ewallet to deposit and withdraw from India.
The methods of contact for support include chat, phone, and email.
Support from Betfair has been adequate, but they do not receive as high marks for customer support as Bet365 (review). However, they do offer a help center and forum that supplements their customer support that does help to answer some questions without assistance.
Betfair is most notable for sports betting. While their casino and poker offerings provide some added variety, their sports betting exchange offers the most added value to your sports betting portfolio. They are a great option particularly for international horse racing.
If depositing in Indian Rupees is a must, we recommend Bet365 as an alternative. However, we are confident in recommending Betfair to Indian bettors for their strong reputation and unique sports betting experience as an exchange.