The Betfair Exchange: History and Background
Betfair is an online gambling platform operator that manages the Betfair Exchange, known as the largest online betting exchange, a marketplace for customers to bet on the outcome of discrete events.
Betfair also operates a traditional sportsbook with fixed odds betting, an online casino, a digital bingo hall as well as an online poker platform. The company’s headquarters are located in Hammersmith in Greater London, England, and Clonskeagh, Dublin, Ireland.
Until its merger with Paddy Power, the company was listed on the London Stock Exchange as Betfair Group plc. After the merger, it became part of Paddy Power Betfair and, as of February 2, 2016, Flutter Entertainment.
Like many sportsbooks before and after it, Betfair became a bona fide force as a sports influencer when it decided to sponsor major sporting events, teams and organizations such as Conmebol (South American football’s governing body) and Barcelona F.C.
Betfair Exchange’s Online Casino
Betfair Exchange has built a strong, global reputation as a leader on online gambling over the years. The vast majority of players have come to know the brand as a strong sportsbook and exchange operator, but few are aware that a full-fledged Betfair casino is part of the operator’s gaming portfolio.
This casino portfolio features over 400 top-notch gaming titles from a variety of different software providers. And the results and reviews seem to live up to the expectations.
Established in 2006, Betfair Casino quickly grew into one the leading betting brands in the UK. As an incumbent, the company built an impressive technology and gaming stack consisting of a plethora of online slots, live casino games, tables games and more.
Much like for its exchange and sportsbook offerings, Betfair has also invested heavily in making sure that its product lineup is complete, with a very heavy effort on brand building.
Betfair Casino Slots, Bingo, Poker and More
Here are a few facts and figures about the Betfair Exchange Casino:
- 350: the total number of different games on the platform.
- Playtech: the name of the software provider.
- 96.32%: the total payout percentage.
- $1.6 million: the max jackpot ever paid out on Betfair Casino.
- 8 banking options, including Clickandbuy and Delta.
- Featured games: Slots, Blackjack, Roulette, Video Poker, Baccarat, Bingo, Craps, Keno.
- Compatible Devices: Android, iPhone, Tablet, Blackberry, Desktop.
- 11 language versions, including Danish, English, German, Italian, Portuguese.
The Betfair Live Casino
Betfair Live Casino stands apart from the typical casino crowd as it offers live tables for Casino Hold’em and Sic Bo with live professional croupiers with betting limits that range from a mere few cents all the way up to €10,000 for one spin at Live Roulette.
Most of these live table games feature HD video streaming with an impressive virtual betting interface. Everything is built and engineered to blur the lines (and illusion) between a real and virtual casino here.
The Betfair Online Poker Room
The Betfair Poker Room runs on Playtech software and is a standout product as well. It attracts tens of thousands of players from around the work who engage in live poker games on the platform. Participation requires a quick download of Betfair Poker app, which can be installed on any PC.
New players can benefit from a nice incentive scheme consisting of a new player welcome package that includes a 200% bonus up to €1,000, €10 in tournament tokens, €10 in playable slots bonus money and more. These promotions tend to run monthly with additional bonus offers including a Player’s Club.
The highly reliable iPoker Network (powered by Playtech) is the platform that underpins the Poker Room. It showcases Texas Hold’em cash game tables, Omaha and Omaha Hi/Lo, Speed Poker and more.
The handy Betfair Poker Android and iOS apps allow you to take your favorite game with you no matter where you go, and the mobile poker room’s sleek interface is connected to the same player pool.
How to Place a Bet on Betfair Sportsbook
If you are registering to bet on the sportsbook for the first time in your life, we agree that things can at first appear a tad confusing and intimidating. But sites like Betfair are familiar with newcomers and rookies and have built a simple and easy interface that makes getting started easy.
Betfair is a “live” exchange, meaning it runs in real time. The exchange allows players to place wagers in two different ways:
1. By “backing” a wager.
2. By “laying” a wager.
If you are backing a wager, you are betting that your wager will win. On the other hand, when you “lay” a wager, you are betting that it will lose. Both of these options are tied together in the exchange.
For this scheme to function, it requires a player on both sides of the bet, i.e. one player on the lay side and another on the back side. Assuming these conditions are in place, then the wager can take place.
Some people are not big fans of these types of betting propositions because they need that match on both sides of the action. But usually, that match always exist, even on smaller markets.
It is nevertheless recommended to place these types of bets well ahead of a major event, to make sure that it can be matched. Unmatched bets can always be canceled as well.
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