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Betfair Sign Up Offer & Promo Code AU 2020

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Betfair is the world’s leading betting exchange. Here, we’re going to take a look to see what kind of Betfair sign up offers are currently available. We’ll show you how big the current Betfair deposit offer is. We even explain what kind of Betfair Australia promo code you might need to activate the special offer.

If you’ve read our Betfair bookmaker review, then you’ll know that this is a great place to back and lay your sports bets with or without a Betfair promo code. But there would be nothing better than some good Betfair sign up offers to boost your stakes and profits at this site. So keep reading to see if you need a Betfair bonus code to activate any of the brand’s welcome bonuses.

Introduction to Bonus Offers

Current Australian government legislation means that you aren’t going to find any standard Betfair sign up offers advertised on the site. But don’t throw away your Betfair promo code just yet. This is because we can show you how this brand has a great deal that can reduce your commission fees.

Tips on How to Use the Bonus

There aren’t any standard Betfair sign up offers that you might get with a Betfair promo code at the moment. But we found that there’s a great deal that can reduce the amount of commission that you have to pay to Betfair. This might not initially seem as good as getting any Betfair sign up offers, but we think that it could significantly boost the overall profits that you make from your horse racing bets.

You won’t need to use any kind of Betfair promo code to get a discount on your commission rates. Instead, you will merely have to have an account with the betting exchange. It will take just a few minutes to register a new account at Betfair, and the whole verification process should be quick and efficient.

Once you have set up your account and made your real money deposits, you will then need to put down some real money bets. Each real money bet that you make will see you rewarded with Betfair Points. These Betfair Points can be collected and when you have received an adequate amount, you will notice that you gradually start to get a larger discount on the commission paid to Betfair.

This might not sound like much compared to some of the standard offers you might find at bookmakers like Unibet. But you should know that this deal can give you up to 60% off the commission that you have to pay to Betfair. All of which means that you can enjoy Betfair’s famously competitive odds and not have too much of your profits taken away by the brand’s commission rates. This all comes without the need to use a Betfair Australia promo code too.

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Top 5 Expert Tips to Take Advantage of the Betfair Australia Promo Code Offer

While you don’t have to worry about using any Betfair promo codes to get a discount on your commission fees, it’s important to remember that there are several key things that you should do to make a success of this deal.

So we are going to show you how doing things like understanding Betfair points, using multiple bets, factoring in turnover charges, managing your money and comprehending the bonus terms and conditions are the best ways to take advantage of this special offer.

Betfair points

You will get one Betfair Point for every $0.10 of commission that you have to pay. It’s common to have to pay a commission rate of around 5% for most of the racing bets on the Betfair site. You’ll commonly have to get around 7,000 Betfair Points to get even just a 10% discount on your commission rates. This shows that you will have to put down plenty of racing bets to earn a decent commission rate. So be sure to set yourself some sensible betting budgets so that you can work towards getting a nice discount on your commission fees.

Multiple bets

We all know how multiple bets are some of the best ways to make massive winnings from fairly low betting stakes. But you should know that no commission will be paid on winning horse racing multiples. Instead, you’ll get Betfair Points for every $2 won or lost on each multiple bet. So be sure to factor this in when you next try a multiple bet on a selection of races at that next big horse racing meeting.

Turnover charges

Being a racing fan in Australia means that you might be required to pay a fee that’s based on turnover charges. The terms and conditions of the Betfair commission discount contain some detailed information about how you can factor in turnover charges into this deal. Just remember that a Betfair representative will be in touch if you might have to have turnover charge payable.

Managing your money

Your success with this commission discount is entirely based on how much time and money you are willing to spend on your sports bets. You are clearly going to have to spend a significant amount of money in betting in order to get just a basic 10% discount in commission fees. As a result, it’s going to be essential that you know how to set yourself a betting budget so that you can overcome those inevitable betting losses and survive over the long-term. Just remember to not go chasing after any losses for the best way to bet on the horses.

Understanding the terms and conditions

The Betfair commission discount scheme has a lengthy page of bonus terms and conditions that must be understood if you want to take advantage of this deal. While it’s always tempting to just skim past all of the small print, you’ll definitely need to take the time to understand what you are signing up for otherwise you could make a mistake in how you calculate your commission discounts.

This is especially true as racing fans in different parts of Australia will find that they have to earn different amounts of Betfair Points to achieve different levels of commission discounts. For example, if you are based in Queensland or Tasmania, you can only get a maximum discount of 40% on the commission that you have to pay. But if you are in Victoria or New South Wales, this rate would be capped at 50%, while only those in Northern Territory would be able to get the full 60% discount rate.

Frequently Asked Questions About The Bonus

Q1. Do you need a Betfair promo code?

This commission discount program is open to anybody who has an account on the site and who is part of the My Betfair Rewards scheme. This means that you won’t need to have a Betfair promo code to get a discount on the commission that you have to pay to the betting exchange. While residents in some countries can’t access this deal, it’s fully open to Australian customers. This means that you can simply bet on the horses as normal and then work your way up to getting a discount on your commission fees.

Q2. Why aren’t there standard Betfair sign up offers?

If you’re looking for some normal Betfair sign up offers like the bonus that you can find at PointsBet, then you are going to be disappointed. This is because Betfair isn’t a standard bookmaker who would just give customers a deposit match bonus. Betfair makes its money by charging a commission rate of around 5% on all of its odds, and therefore this special offer gives you a nice way to sidestep some of these fees.

Plus, we should note that advertising bookmaker bonuses is prohibited in Australia, so even if there were some standard Betfair sign up offers, you won’t see them here.

Q3. How much do you need to bet to get a discount?

Regardless of whereabouts in Australia you live, you will need to earn at least 7,000 Betfair Points to get a commission discount of 10%. You get one Betfair Point for every $0.10 of commission that you pay to Betfair. This means that you would have to have paid a total commission of $700 to Betfair before you’d earned the discount. As Betfair commission rates are commonly around 5%, it would mean that you’d probably have to spend over $14,000 at the Betfair betting exchange to start getting any discounts on the commission that you have to pay.

Q4. Is the commission discount good value for money?

Having to spend thousands of dollars on your racing bets just to get the basic 10% discount might not strike some punters as being very good value for money. However, if you look at some of the other offers from betting sites like bookmaker.com.au it seems that this promotion from Betfair might work out to be beneficial in the long run.

After all, you aren’t having to change your betting habits to take advantage of this deal, and it doesn’t matter what kinds of racing odds you are betting on. Plus the fact that you don’t even have to use a Betfair bonus code to get a discount on commission fees means that it’s pretty simple to put into action too.

Q5. What payment methods can you use for the Betfair Australia promo code deal?

You should be able to make deposits with a variety of payment methods at Betfair. These include credit card and debit card brands like Visa and MasterCard, ewallets such as Skrill and Neteller, or you could use POLi, BPay or try a standard bank transfer. You’ll be able to make instant POLi deposits from $5 upwards, while the minimum deposit amount rises for other payment methods.

You’ll be able to make withdrawals from a minimum of $15 from Betfair, and it shouldn’t take much longer than 48 hours to receive your winnings.

Additional Rewards / Loyalty Programs

While there are no Betfair sign up offers available for Australian racing fans, the brand does include a pretty interesting VIP scheme for its loyal customers. You won’t need to have a Betfair promo code to take advantage of this deal, but you can simply join in the VIP program by putting down a certain amount of sports bets on the site.

The VIP program features four different tiers that each come with their own rewards. These can include anything from reduced commission rates to some great bonus deals. What is great about these are you don’t need a Betfair Australia promo code to access them either.

You will only gain access to the lowest Bronze level of the Betfair VIP program by spending at least $4,200 in Betfair commission fees, as well as having a Betfair P&L rate of less than-$2,500. There are similar demands for getting to the Silver and Gold levels of the VIP scheme. Finally, the VIP Platinum tier is strictly invite-only and no special kind of Betfair promo code is going to give you access to ‘The 100 Club’.

Betfair Sports Bonus

Bonus Intro

Thankfully there is an excellent special offer that can give you a big discount on the commission fees that you have to have to pay to Betfair.

You won’t have to use any kind of Betfair promo code to get a discount on your commission fees. But you will have to place plenty of real money bets on the site, and this also applies to your horse racing bets. It’s a bonus that’s different to many special offers, but just like the Swopstakes offer, it gives you a good way to try a sports betting site with a difference.

Reality Test: Wagering the Bonus

We put this Betfair commission discount deal to the test and found that it was easy to put into action. All you had to do was to sign up to the Betfair site as normal, make some easy and safe real money deposits and then start betting. No fuss, and crucially not Betfair Australia promo code needed.

You’ll commonly have to pay around 5% commission on all of the sports and racing bets that you make. The amount that you pay on these commission fees will gradually build up to the point where you might reach the minimum amount necessary to claim a 10% discount on the commission rates.

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Bonus Withdrawal

The great thing about this Betfair commission discount scheme is that it’s pretty straightforward and you don’t have to deal with anything like any annoying wagering conditions. Most sports betting bonuses have sneaky wagering requirements that can demand that you bet the value of your bonus umpteen times on some pretty harsh odds.

But as soon as you get started on the Betfair site, you’ll find that you have the freedom to bet on any horse racing events and odds you choose and they will all contribute towards helping you pay less in the way of commission fees.

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Pitfalls & What to Avoid when Claiming Bonus

While this Betfair special offer is perfect for anybody who is going to be spending a lot of time and money on this betting exchange, it’s not for racing fans who are coming to the site looking for a quick bonus.

This is because you are going to have to invest a serious amount of money to get even just a basic 10% discount on the commission fees that you have to pay. Plus it’s worth noting that the actual amount of discount that you can receive will vary dramatically according to the Australian state that you are resident in.

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Bonus Conclusion

This Betfair sports bonus is something that makes sense for all serious horse racing betting fans who are going to be spending a lot of time on this site. While the standard commission rate of 5% might not sound like much, it could severely eat into whatever profits you make on this betting exchange.

All experienced punters know that even the slightest edge in profits can pay off significantly in the long-run, so the fact that Betfair are willing to give you a discount on commission rates should not be underestimated. It might not be the most immediately exciting sports betting bonus, but we think it serves as a good introduction to this no-nonsense betting exchange and all without requiring a Betfair Australia promo code to activate it.

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Overall Conclusion

Betfair is clearly a betting exchange that is geared towards the serious betting fan. Their bonus offer that gives you a discount on commission rates is something that could help you make much better profits over the long-term. You don’t need a Betfair Australia promo code to get it either which saves times. So, if you think nothing of spending most weekends betting on horse races, this special offer from Betfair could be worth taking up.

You’ll probably find flashier deposit bonuses at some other sports betting sites. We’ve seen some truly massive deals that can give you up to thousands of dollars in extra betting funds.

But it’s important to remember that Betfair is not like the standard online bookmaker, and it’s only fair that their bonus should be a little different. So if you want to take full advantage of all that Betfair have to offer, make sure that you give their commission discount special offer a try.

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