Betting exchanges are one of the coolest concepts of betting. They can offer very little juice and very enjoyable time. Betting exchanges are like marketplaces where players put their odds for selling and Betfair is the biggest online betting exchange. This concept was pioneered by the people behind Betfair. With it Betfair works as a matchmaker, it doesn’t take on the action itself by posting odds, which means low juice and great lines. Instead players post odds themselves and make bets by backing the odds (placing bets with them) or laying them (posting their own odds that players can back by betting with them).
Betfair has a couple of different promotions, but the one that we want is the £50 free bet given to new players. Just sign up at Betfair and make a deposit with one of the payment methods offered. As soon as you have your funds available in your Betfair account place a bet of at least £5 on a selection with odds of 1.20 (1/5) or more in the first 30 days of registering and Betfair will refund your stake with up to £50.
Taking part in this promotion and using the free bet is possible only if you fulfill certain criteria. You cannot claim and use the free bet if you have multiple accounts. If you do so Betfair has the right to take away your free bet and all winnings made with it. The free bet can be used only on the sportsbook. Exchange bets are excluded from this promotion. Within 24 hours, after your qualifying bet has been accepted by Betfair, you will be offered a free bet with an equal value to your qualifying bet, but no more than £50. You are obliged to use your free bet within 30 days after receiving it on any sportsbook (fixed odds) market at odds of at least 1.20 (1/5).
You can use your free bet only once, and to use it just add a selection in the bet slip at odds as stated in the free bet terms and conditions, and if you make more than one selection the free bet will be applied to the selection with the longest odds. Don’t stake less than £50 with the free bet, since anything that remains from it you will not be able to use further.
Betfair is a real classy and prestigious sports betting provider. In 2003 and 2008 the site won the Queen's Award for Enterprise, award given by the Queen personally. Betfair has been operating since 2000 and is available for international players, with the exception of players from the US.
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