This Betfair review covers Australia’s only licensed betting exchange, a unique platform where punters bet against each other rather than a bookmaker. Launched in 2005, Betfair provides a peer-to-peer wagering system that eliminates traditional bookmaker margins, often resulting in higher odds. Punters can back or lay bets, enabling strategies like hedging, market-making, and trading. Licensed by the Northern Territory Racing and Wagering Commission (NTRC), Betfair is part of the globally recognised Betfair Group.
License: Northern Territory Racing and Wagering Commission (NTRC).
Launch Year: 2005.
Ownership: Part of the Betfair Group, a global betting leader.
Headquarters: London, UK.
Compliance: Fully adheres to Australian gambling laws, including the Interactive Gambling Act 2001.
Back and Lay Betting: Bet for or against an outcome, opening up unique betting strategies.
Higher Odds Potential: Market prices are set by punters rather than a bookmaker, often resulting in better odds.
No Bet Limits for Winners: Unlike traditional sportsbooks, Betfair does not restrict winning punters.
Exchange-Only Model: No bookmaker margins—only a commission on winning bets.
Advanced Betting Tools: Supports strategies like trading, hedging, and market-making.
Industry-leading odds due to market-driven pricing.
No bet restrictions on successful punters.
High liquidity in major markets, particularly horse racing, AFL, NRL, and international sports.
Diverse payment options, including Visa, Mastercard, PayPal, POLi, PayID, BPAY, Skrill, and Neteller.
24/7 customer support, with live chat, phone, and email assistance.
Steep learning curve—Exchange betting can be complex for beginners.
Liquidity issues in niche sports and smaller betting markets.
No promotions or bonuses due to the exchange structure.
Due to strict Australian gambling regulations, sign-up bonuses and promotional inducements to open a new account are not permitted. As a result, Betfair does not offer any sign-up incentives. However, existing customers may have access to other promotions and features in line with regulatory guidelines. We encourage responsible gambling—always check the bookmaker’s website for the latest offers and terms.
Betfair offers the following sports and racing markets:
American Football (NFL)
Australian Rules (AFL)
Baseball
Basketball (NBA, NBL, EuroLeague)
Boxing
Cricket
Darts
Esports
Football (Soccer – EPL, A-League, La Liga, and more)
Golf
Greyhound Racing
Horse Racing (Thoroughbred, Harness, International)
Ice Hockey
Mixed Martial Arts (MMA, UFC)
Motor Sports (Formula 1, MotoGP, NASCAR)
Rugby League (NRL)
Rugby Union
Snooker
Table Tennis
Tennis (ATP, WTA, Grand Slams)
Volleyball
Racing Markets
Australian Racing: Thoroughbred, Harness, Greyhound
International Racing: UK, US, Europe, Asia
Bet Types: Back and Lay Betting, Exotic Bets (Quinella, Trifecta, First Four)
Features: Best Tote, Market-Driven Pricing, Trading Options
Betfair integrates various responsible gambling tools, including:
Deposit & Time Limits
Self-Exclusion Options
Reality Checks
WHAT ARE YOU REALLY GAMBLING WITH? For free and confidential support, call 1800 858 858 or visit gamblinghelponline.org.au. Gambling is for those aged 18 and over. Bet responsibly.
Website: Designed for professional betting strategies, featuring advanced trading tools.
Navigation: Complex for new users, but provides deep analytics and market insights.
Mobile App: Available on iOS & Android, offering full account management, live markets, and bet tracking.
Platform Availability: iOS and Android
Performance: Feature-rich but requires time to master.
Extra Features: Live betting markets, advanced analytics, and custom trading tools.
Deposits: Visa, Mastercard, PayPal, POLi, PayID, BPAY, Skrill, Neteller, Bank Transfer (minimum $5).
Withdrawals: PayPal, Skrill, Neteller, Bank Transfer (minimum $10).
Transaction Fees: None.
Deposit Turnover Requirement: 100% before withdrawal.
Live Chat: Available 24/7.
Email Support: Reach out at [email protected].
Phone Support: 1300 BETFAIR (1300 238 324).
Help Centre & Community Forum: Extensive resources for troubleshooting and learning exchange betting.
Category
Details
Live Betting Number
Not available
License & Regulation
Northern Territory Racing and Wagering Commission (NTRC).
Sponsorship Deals
No major sponsorships confirmed
Headquarters
London, UK
Deposit Methods
Visa, Mastercard, PayPal, POLi, PayID, BPAY, Skrill, Neteller, Bank Transfer
Withdrawal Methods
PayPal, Skrill, Neteller, Bank Transfer
App Availability
Available on iOS & Android
Odds Providers
Peer-to-peer exchange model
Platform
Betfair Proprietary system
Owner
Betfair Group
Support/Contact Info
This Betfair review highlights Australia’s only betting exchange, offering higher odds, no bet restrictions, and unique trading strategies. While not beginner-friendly, Betfair is the best option for serious punters looking to maximise value.
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WHAT ARE YOU REALLY GAMBLING WITH?
BetStop - National Self-Exclusion Register: www.betstop.gov.au.
