Important update

Note For Indian Players: While Betfair is a quality betting site, it can be difficult to deposit with from India.

For this reason, we recommend Betway. They accept Indian Rupees directly and offer a huge selection of betting options for sports, casino and poker. They are the best option for Indian players.

Betway Review

Betfair India – A Solid Option for Indian Residents Sportsbook Review

By Dhanu Delphi on March 5, 2019

 

Betfair Overview

betfair cricketFounded in 2000, Betfair is the world’s largest online betting exchange. Here over £50 million is wagered every week on sports such as cricket, football, tennis and Formula 1. What sets Betfair apart from other peer to peer betting exchanges is their liquidity. Even though users are not betting against the house, but rather one another, it is possible to use Betfair much like you would a traditional online bookmaker. This is because for the most part every match listed for wagering already has a pool of lay bets available for you to back.

In case you’re not familiar with betting exchanges, a lay bet is a wager that a team will lose. At betting exchanges you can offer a lay bet in hopes someone else will match it. When doing so you end up with far better odds – but you also run the risk your bet won’t get accepted. Alternatively you can skip the entire process and just back the team you would like to wager on. In order to back that team there must be other punters who have already committed to lay that team. While its sounds confusing, backing teams is very easy and works just like it does at a traditional online bookmaker. You’ll see a set of odds and then see a monetary amount. This monetary amount is how much other punters have already committed to lay, so effectively this is the maximum bet you can place at those odds. You can choose to wager less, but not more. If you do want to wager more you’ll most likely see another set of odds punters were willing to lay at, that are slightly worse. You’ll get the first part of your back at the first odds set, and the second part at the next.

If you’re intimidated by this, don’t be. Register an account at www.betfair.com make a small deposit and make small backs and lays until you get used to how the system works. It will only take a small handful of wagers before you’re confident with the process and another week or two before you’re an expert at backing and laying bets.

Reasons to Use Betfair

The reasons to use Betfair over a traditional bookmaker are many, below are some of the top reasons.

Using Betfair From India

While Betfair doesn’t accept rupee deposits they are very friendly to Indians. They allow us to register with our home address and deposit and get paid out with Skrill, Neteller or EntroPay. We can also deposit using Western Union and get paid with international bank transfer. Although converting our rupees to GPB, EUR, or USD costs about 1% each way, the odds at Betfair are so good it is worth doing this. If you prefer a rupee bookmaker we suggest Betway, but if you’re looking for the best odds no doubt www.betfair.com is the best choice.

Betfair Complaints

Complaints about the betting exchange of Betfair are quite rare. However if do have a complaint you’ll be happy to know Befair is licensed by the Government of Gibraltar and regulated by the Gibraltar Gambling Commissioner under the Gambling Act 2005 (RGL No.049). To confirm their license is in good standing, or to read about the disputes process visit www.gra.gi.