Betfair
Betfair Limited was founded in Great Britain in 1999, and one year later, its betting exchange was launched on the internet. It was this which differentiated it from all other bookmakers for many years, because actual tips and odds were determined by the punters themselves. In this way, Betfair became the sole intermediary, taking 2 to 5% from each win. As the largest betting exchange in the world which Betfair undoubtedly is, it offers many fantastic opportunities even for less experienced punters.
Customers must be aware that games and disciplines covered depend on other players’ portfolios, but the benefit here is setting up your own bets. On the other hand, demand from customers for many years made the company open an independent bookmaker of the traditional type in 2012. This step opened the door to punters who do not have enough experience or who are not confident enough to bet on an exchange. Thus customers can switch freely between the exchange and traditional bookmaker service. If you have good guessing skills, then this fact is a big plus.
You won’t be surprised that Betfair’s betting exchange and traditional bookmaker service offer a wide range of sports events. You must bear in mind, however, that lower league competitions or less popular sports may not have enough tips available, as these are created by customers themselves. If this is the case, no-one is preventing you from creating your own event. The person placing the bet determines the odds and amount bet and offers this to others. If an opposing player responds and accepts your bet, the final result will determine who takes the financial winnings at the specific odds.
As has already been said, you must take account of the fact the company will subtract their fee, but at just a few percent this isn’t large. Every day, there are an average of 30 options in our list of sports, which include soccer, tennis, ice-hockey, handball, volleyball, basketball, baseball, American football, rugby, Formula 1 and other motor sports, boxing, martial arts, bandy, floorball, futsal, water polo, darts, snooker, table tennis, badminton, cricket, chess, Olympic sports, skiing, ski-jumping and cross-country skiing, biathlon and non-sports bets. There are a total of up to 250 league competitions on the exchange.
You can contact technical support by e-mail (support@betfair.com) or by telephone. Along with the website’s Czech version, the operation of Czech customer support has also been completed. One must add that Betfair’s customer support is not the fastest, and as such you can expect a response to your written queries within a few days. Betfair bookmakers, however, do provide detailed instructions (also in Czech) where you can find out almost anything you might need to know. There is also a series of instructional videos on YouTube available to you, and you can also take a look at the Betfair blog or forum.
