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Highlights
  • Great horse racing odds
  • Exciting live streaming option
  • Generous betting limits

Betfair Reviews & Ratings AU 2020

Is Betfair Reliable & Secure?

There are many Betfair reviews out there. But it’s only by reading our Betfair ratings that you’ll get a truly honest picture of what this online bookmaker is all about. We’ll ask is Betfair secure enough for your betting needs, and see where this brand sits in our shortlist of the best online betting sites in Australia.

Betfair AU is actually part of the Flutter Entertainment group that is based in the UK. This group also contains the likes of Paddy Power on their books. But it’s the fact that Betfair includes a betting exchange that could make it an interesting option for all Australian racing fans.

Betfair AU: Pros & Cons
  • The world’s biggest betting exchange
  • Also includes standard horse racing betting options
  • Fully licensed and regulated site
  • Excellent mobile betting apps available
  • Not suited to newcomers to sports betting

Bonus Offers

Current legislation in Australia means that bookmakers are not permitted to advertise any special offers or promotions. But while you might not see any Betfair offers advertised on the brand’s site, we found an interesting deal lurking in The Hub area of the website.

This could give you up to 60% off the market base rate commission that Betfair applies to all profits that you make on their site. Considering that Betfair commonly charges around 5% commission on your winnings, this is definitely a deal that’s worth taking a closer look at.

Our Betfair reviews found that you could earn better discounts on your commission by picking up Betfair points. You’ll get Betfair points for each real money bet that you take on the site. The amount of Betfair points you need to get a commission discount varies according to which Australian state you are resident in. But it’s a great way to reward you for your hard work, and it will boost our overall Betfair ratings accordingly.

Usability, Look & Feel

Betfair AU has given you access to their betting exchange, and it has also provided you with plenty of great tools to understand what laying and backing bets is all about. This is because the bookmaker’s website is all about functionality and helping the customer make the most from their bets.

Such functionality is essential as many new customers might initially be perplexed when they are presented with the Betfair site for the first time. But you’ll find that all of the sports bets are clearly presented in a logical manner, and there’s even a handy search box at the top of the screen that allows you to hunt down odds for your favourite horse racing events.

The brand’s Hub is the perfect place to learn all about how to use a betting exchange, and it’s a feature that would have benefited the likes of SwopStakes or any other brand with a different approach to sports betting.

Payments

Is Betfair reliable in letting you make safe and efficient real money deposits? Our Betfair reviews found that the brand’s accepted deposit methods included Visa, MasterCard, Neteller, Skrill, BPay, bank transfer, or you could also use POLi.

The minimum amount that you are allowed to deposit varies between $5 for POLi and $30 for bank transfers. Our Betfair reviews found that all payment methods apart from BPay and bank transfer allow you to make instant deposits. Betfair won’t charge you any money for adding funds to your account.

When it comes to making withdrawals, you can only make a bank transfer withdrawal of your winnings. You can withdraw from Betfair AU from a minimum of $15 and it should take no longer than two working days for the money to show up in your account. While it might have been nice to have more withdrawal methods, it’s fairly standard practice in Australia, and shouldn’t harm our Betfair ratings too much.

Customer Service

We can’t have any Betfair reviews without taking a good look at the brand’s customer support features. Thankfully, we discovered that Betfair AU has 24/7 customer service available, and you should always be able to get in touch with them via an Australian telephone number or a dedicated email address.

The fact that there isn’t any kind of live chat available might limit our Betfair ratings a little. But other bookmakers like PointsBet also don’t have any live chat customer support options so can’t judge Betfair too harshly for this omission.

This is especially true as Betfair have put together an extremely detailed help section called The Hub. By visiting this area you will instantly gain access to a wealth of helpful guides to anything from the current deposit methods to how you actually use a betting exchange. Plus we should note that the brand is active on their Facebook and Twitter channels so you should have plenty of ways of getting in touch with Betfair AU.

License & Security

Online safety is hugely important and our Betfair reviews found that this site is fully licensed and regulated by the Northern Territory Government of Australia. This not only means that it’s perfectly legal to bet on sports here, but also that you should get a betting service that is completely fair and responsible.

Betfair AU operates an encrypted website that uses SSL technology to ensure that all communication between your browser at their site stays in safe hands. Plus the brand has a rigorous verification procedure in place to ensure that only those of legal age are allowed to create a betting account.

We should also note the fact that Betfair gives you access to a number of responsible gambling tools. These allow you to easily set your own limits on your own losses and deposits. Plus you can also give yourself a time-out or a period of self-exclusion which will help to boost the Betfair ratings for responsible gambling.

Rewards & Loyalty Program

Betfair AU has an interesting VIP program in place. This is designed to give you a range of benefits that boost your overall wagering experience. You’ll get access to the Betfair VIP program through your own betting activities. So if you pay over $4,200 in Betfair commission and have a good P&L record, you will get given VIP bronze level.

As you place more real money bets on the site, you will gradually rise up through other VIP tiers such as silver, gold and platinum. Bear in mind that our Betfair reviews found that the VIP platinum tier is known as ‘The 100 Club’ and is invite-only.

Once you get on the VIP ladder, you’ll find that you get access to all manner of perks that include things like special bonuses, reduced commission fees and much more. All of which should help to improve Betfair ratings among their loyal customers.

Betfair Sports Betting

Betting markets

Betfair AU offers their customers access to a massive amount of sports bets. Our Betfair reviews found that you’ll be able to back and lay bets on all of the major Australian sports such as cricket, rugby and Australian rules football. Plus the site also features a comprehensive range of bets for popular sports like soccer, golf, tennis, and much more.

But you’re probably here for the racing bets, and you’ll be glad to know that Betfair features odds on top thoroughbred races everywhere from Australia to Japan, Sweden the USA and beyond.

We had to award some strong Betfair ratings for the fact that they cover some fairly minor sports. This means that you should be able to enjoy betting options for everything from futsal and darts, all the way to Gaelic games and esports. Don’t forget that you can also bet on anything from politics to the financial markets on the Betfair AU site.

Odds

We can’t really establish any valuable Betfair ratings without taking a good look at their odds. So we decided to carry out a quick odds comparison test between Betfair and one of their rival brands. This meant picking a horse race at Sunshine Coast and seeing how Betfair’s odds compared with those found at the Unibet sports betting site.

Steel Pier was the favourite to win this race and Betfair had odds of 2.10 for this result compared with Unibet’s odds of 2.30. If you went with another leading horse like Jerry Zanda, then Betfair’s odds of 2.00 couldn’t really compete with Unibet’s odds of 4.00.

However, this is just one odds comparison test for a horse racing that was taking place the day after we carried out the review. So there’s every chance that Betfair’s punters might be able to catch up with the odds found on rival sites like Unibet.

Live betting & streaming

Live betting via the internet is illegal in Australia. But this hasn’t stopped Betfair putting on a great live streaming service for horse racing and many other sports so that you can enjoy watching your winner come home.

We’ve awarded some great Betfair ratings for this live streaming service as it serves up daily racing action anywhere from some of the biggest racing events in Australia to Fonner Park and Will Rogers Downs in the USA.

The live streaming service extends to a number of other sports such as cricket, tennis and soccer. Plus you should be able to live stream your bets for anything from greyhound racing to darts at this popular betting site.

Limits

One of the best reasons why you should try Betfair is the fact that it is relatively unrestricted in terms of its betting limits. This is because you will be backing and laying bets against other punters, rather than the actual bookmaker.

As a result, it means that you could stand to win much more with your bets when compared to the betting limits that you might find at a standard betting site such as bookmaker.com.au. Obviously you should be careful to gamble responsibly at betting exchanges such as Betfair as you will be liable for the bets that you put down.

But if you are looking for much greater freedom with your racing bets, our positive Betfair ratings should show you that this brand could be a good choice.

Overall conclusion

Betfair has managed to put together an industry-leading betting exchange that’s perfect for anybody who wants to take their racing bets up a level. Even if you are completely new to the concept of backing and laying bets, you’ll find that the Betfair site has a number of useful tutorials that can explain why betting exchanges can offer you much more variance in your racing bets.

In terms of safety, Betfair won’t let you down. This is because it is a fully licensed and regulated betting site who only facilitates the safest real money payment methods. Plus the brand has a dedicated customer support team who are based in Australia so that you’ll be able to get help 24/7. All of which means that you should definitely sign up to Betfair and see how the betting exchange can transform your racing bets.

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