Betfair Review
Betfair
4.3 / 5New customers only. Deposit and place a first sportsbook bet of £10 or more at odds of 1.5 (1/2) or greater. Once settled, receive £50 in free bets across five £10 tokens, valid for 30 days. 18+, new customers only. T&Cs apply.
Uniquely combines a standard sportsbook with the Betfair Exchange, where you back or lay at odds set by other punters.
Welcome offer
New customers only. Deposit and place a first sportsbook bet of £10 or more at odds of 1.5 (1/2) or greater. Once settled, receive £50 in free bets across five £10 tokens, valid for 30 days.
Markets and odds
The sportsbook prices every UK and Irish meeting with Best Odds Guaranteed on qualifying races. The Exchange runs alongside it, often showing better win and place prices than any fixed-odds book, especially close to the off.
Each-way terms
Each-way on the sportsbook follows standard UK place terms. On the Exchange you can back a horse each-way at a price you set yourself, or lay against it — a genuinely different tool from a fixed-odds each-way bet.
Mobile app
The app switches cleanly between sportsbook and Exchange, though the Exchange interface has a steeper learning curve for newcomers than a standard bet slip.
Payments
Deposits and withdrawals cover debit card, PayPal, Apple Pay and bank transfer, with Exchange balances withdrawn the same way as sportsbook winnings.
Customer service
Support runs through live chat and an extensive help centre; Exchange-specific questions are best handled through the dedicated help pages.
Pros and Cons
What Betfair gets right:
- Exchange prices are frequently better than fixed-odds books, especially near the off
- Best Odds Guaranteed on the sportsbook side
- Lets you lay a horse as well as back it
- Deep, liquid markets on every significant UK and Irish race
Where it falls short:
- Exchange carries commission on winning bets
- Steeper learning curve than a standard sportsbook
- Higher minimum deposit than most rivals
Frequently Asked Questions
Yes. Betfair is licensed and regulated by the UK Gambling Commission (account 20180), which you can confirm on the UKGC public register.
Yes, on the sportsbook side for qualifying UK and Irish races, paying the bigger of your taken price or the starting price.
Sportsbook each-way follows standard UK place terms by field size; on the Exchange you can back or lay a horse each-way at a price of your own choosing.
Yes, live streaming is available on selected races, subject to a funded account or a qualifying bet on the race.
It depends on the method. Card and e-wallet withdrawals are usually the quickest once your account is verified; bank transfers can take longer.
See How Betfair Compares
18+. Please gamble responsibly.
Ratings on this page reflect our own editorial review, not a guarantee of outcome. Betting offers are time-limited and can change without notice, so always confirm the live terms on the operator’s own site before you deposit. You can check any operator’s current licence status on the UK Gambling Commission’s public register. If you’re worried about your gambling, or someone else’s, support is available at BeGambleAware.org.