Betfair is an online sports betting company founded in 2000 and owned by Flutter Entertainment. Betfair has offices in Australia and offers an online sportsbook and gambling exchange to Australian punters.
What is Betfair?
Betfair is the largest betting exchange in the world. It is a sportsbook in which you bet against other players rather than against the bookmaker. Betfair is compared in the betting scene as a similar platform to the stock exchange, where you can put your money on something losing not just winning. It is essentially a betting platform where you can be the bookie.
Where is Betfair Based?
Betfair is a British-owned company with offices all over the world and offices in Australia. They have 3 Australian offices that employ around 127 staff. Their Australian offices are located at:
47 Mitchell St, Level 3, Darwin City, Northern Territory 0800.
40-44 Innovation Drive, Dowsing Point, Tasmania 7010.
Their main Australian office is located at 565 Bourke St, Level 13, Melbourne, Victoria 3000.
Betfair Sportsbook
Betfair is a sportsbook where you can bet on over 200 different sports and over 2000 sports and activities. Betfair’s main features are traditional sports like AFL, NRL, and cricket. They also operate as an online casinos in countries where online casino betting is legal.
You can place any and every type of bet such as same game multis, different game multis, trifectas and all the complicated types of betting tactics advanced punters look for in a betting agency.
What is Betfair Exchange?
The Betfair exchange is the only betting exchange platform available for Australians. The exchange was designed to help punters maximize the profits on their bets and minimize risks. Traditional sportsbooks put up the odds and you bet on it. This is where Betfair is different. You can put up the odds and other people bet on it.
So how does Betfair make money one might ask? Betfair makes its money by taking a small percentage of the winnings.
Is Betfair Sportsbook Available in Australia?
Betfair is available in Australia. With over 127 support staff in Australia, Betfair has the Australian betting market covered. With 24/7 phone support available they are a natural choice for Australians. Within every country, there are different gambling legalities. Betfair makes sure your bets are legal and you are covered.
How Does Betfair Work?
Betfair may sound complicated at a first glance. Once you read the how-to-use which takes about 5 minutes it is a very simple platform to understand. Sign up to become a member. Look at the game or race you want to make money on. Put up your odds for a loser or winner and depending on your bet, you either lose or win money.
Betfair Review
Betfair has been reviewed by thousands of professional punters across the world. Upon review, Betfair is one of the best-reviewed betting companies in Australia. Betfair is known for being fair, reducing risk, and maximizing the punter’s profits. Betfair has earnt over 3000 upvotes on the google play store in Australia.
Betfair Cricket
The cricket platform stands up to Betfair’s name. It is one of the only platforms where you can bet on women’s cricket matches as well as men’s. With great live odds frequently being updated. It is the most in-depth cricket betting company online.
Betfair Football
Betfair football exchange is the best in the world full stop. From Australian, A league soccer matches to international teams and local clubs in other countries. There is not a match or team you can not place a bet on. If you are a soccer fan this platform is the holy grail.
Betfair App
Betfair’s app is easy to download, you can download it from their site. Or you can download it from the google app store. It is simple to navigate and install and is available on Android and iPhone.
Apple Betfair App
Betfair has created a state-of-the-art application you can use on all apple devices. From your iPhone to your apple tablet the app works well. With over 85,000 positive reviews on Googles play store, these ratings speak for themself.
Android Betfair App
Betfair has over 8500 reviews on the android application. The android app is simple to use and you can download it easily. It is available in the app store or you can download it from the Betfair website.
FAQ
Do you pay tax on Betfair winnings?
In Australia, you must pay tax on any money won on Betfair. This is not just for Betfair, tax must be paid on any earnings including gambling winnings.
How do I get my money out of Betfair?
Withdrawing your money is simple at Betfair. Just click at the top withdraw funds. It is in the heading navigation, you can’t miss it. Whatever payment system you have linked to your account the money will be deposited into.
How Long Does it Take to Withdraw Money from Betfair?
Withdrawing your money is simple at Betfair. If you have had a win and want to withdraw your payment process is instant. If you have linked your credit card or bank it may take overnight.
What is the Minimum Withdrawal?
There is no minimum withdrawal limit at Betfair. You can withdraw 10 cents if you like or $100,000 there is no limit set. There is a $10 minimum deposit limit.
