Betfair is the world’s largest and Australia’s only peer-to-peer wagering platform. The Betfair Exchange offers punters a superior betting experience using cutting edge technology to enable customers to bet against each other by either backing or laying outcomes at prices they determine.
The Betfair system works by providing a platform for the betting activity to take place. Betfair basically manages the bets and accounts of both parties until the event has resulted. Once the bet has obtained a result, Betfair transfers the winnings to the winning punters account, minus a small commission.
One of the biggest advantages of betting with Betfair is the great odds on racing and sports markets. Another advantage of using Betfair is the In-Play betting experience with the unique ‘Cash Out’ functionality. If the odds go your way, you can lock in a profit with a single click.
Betfair also offer it’s Australian and New Zealand member’s a betting hub with free betting guides, tips, strategies and a comprehensive form guide to help you become a betting pro.
Why Bet With Betfair
- The only Australian licensed betting exchange
- The best fixed-price odds betting with the exchange.
- The only betting exchange to offer Australian racing markets
- Lay betting available for racing and sports