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Highlights
  • Daily promos available
  • Best odds guaranteed on horse racing bets
  • Offers live streaming

Betfair Review 2020 & UK Horse Racing Rating

Comprehensive Betfair Horse Betting Review

Betfair is one of the world’s largest online sports betting providers. They transformed the landscape of the sports betting industry in 2000 when launching the first betting exchange. They have also introduced the Betfair Sportsbook in 2012 to compete with traditional bookmakers, and that is what we are focusing on. To see what is has to offer read on and find out in our comprehensive Betfair horse racing sportsbook review.

Betfair Pros & Cons
Betfair Pros & Cons
  • Horse racing offers include BOG
  • Fixed odds sportsbook and exchange betting
  • Betting.Betfair blog has racing ambassador updates
  • Range of international and UK/Irish markets
  • No VIP Club for sports

Betfair Welcome Bonus

If you open an account with via Betfair sportsbook you can get up to £100 in bet credits, You must enter the offer code ZBBC01 when signing up and the offer is available to new customers only in the Uk and Republic of Ireland. You must then place 5 x £10 (or more) single bets on the Sportsbook each at min odds 1/2 (1.5). After your 5 qualifying bets have been settled, you will receive £20 in bet credits. The process can be repeated up to 5 times. The max bonus available is £100 (5 x £20 free bets). All deposit methods qualify for this bonus except those made via Moneybookers and Neteller. Bet credits will be awarded within 24 hours of you completing the qualifying requirement.

Betfair offers have Price Rushes where they offer an enhanced price on a chosen horse for a specific time. These are usually on big races and focus on a strongly fancied horse, usually the favourite.  They are offered for only a short period of time and are subject to stake limits. Price Rushes appear on the website and social media outlets, so make sure you check these out on a regular basis to take advantage.

So you are ready to start betting with Betfair racing and want to know how to open an account? As part of our sportsbook review of Betfair we have provided an easy step-by-step guide to help you do just that. We will also take your through the deposit to sportsbook process and how to place your first bet, as well as guide you through the process to withdraw you winnings. Simply follow the instructions below.

Usability, Look & Feel

What is it like to bet on this major player in the industry’s platforms? It depends on whether you take the fixed odds sportsbook route or use the Betfair Exchange. Horse racing plays a key part in both with the brand using its yellow and black colours from its logo for the scheme of the site.

The horse racing tab on the Betfair Sportsbook has forthcoming races displayed on it with sub-menus that allow you to navigate between the next races and other events on the same day, tomorrow or in future. Betting odds are displayed in a bright blue box with white text for the prices. You can click into each to view the full racecards for all UK and Irish horse races.

On the Betfair Exchange, the back and lay markets are housed together race by race under a compartmenalised sidebar menu. There is more on how that differs from regular fixed odds betting later on in our Betfair horse racing review. This feels different to the Sportsbook, though, That is because the target audience of the Exchange is slightly different.

There are also two mobile apps for Sportsbook and the Exchange which are free to download. These offer an even more streamlined process which mean you can get a bet on in just a few taps on your smartphone or other mobile device. These feel sleek and modern, like you are using cutting edge technology.

Payment Methods

As with the majority of bookmakers, there are a wide variety of methods you can use to deposit and withdraw funds from your Betfair betting account. These include all major debit cards, Skrill and Neteller. The minimum amount you can deposit here is £10  with a couple of exceptions. The Paypal minimum is just £5.00, while the Neteller minimum is £12. The £10 minimum applies to deposits by debit cards such as Delta, Solo and Maestro, Skrill, Clickandbuy, Western Union and cheques and bank transfers. The minimum withdrawal is £10.

How To Make Your First Deposit

  • Log into your account and click the Deposit button in the top right corner.
  • Choose a currency for the account. All qualify for the bonus sign-up.
  • Enter the amount you want to deposit, must be £10 to get sign-up onus, and click confirm.

How To Withdraw Your Winnings

  • Click on ‘My Account’. When the dropdown menu appears, click My Betfair Account,
  • You will now be taken to a new screen via the app or mobile site or a pop-up if you’re withdrawing on your computer.
  • Decide how much you want to take withdraw. Enter and then click to confirm.

Customer Service

When it comes to customer service, Betfair has more positives than negatives. The help section could be better displayed on the website but once located you can either browse through a range of FAQs to find the answer to your query or you can check through one of the other methods of contact to speak to the customer support team about your issue.

These include live chat, Freephone from the UK on 0844 871 0000 or via email for which there is form on site. Help is available via one for or another 24/7.

License & Security

Most of the Betfair reviews give fair marks to Betfair ratings mainly because of its security and reliability. Betfair is one of the most reputed bookmakers in Europe, with over five million registered users. Usually, bookmakers hold one or two licenses, but Betfair boasts a host of different licenses, further ensuring regulation and fair play. The permits they hold at present are the UK Gambling Commission, Agenzia Delle Dogane e Dei Monopoli, Malta Gaming Authority, Dirección General de Ordenación del Juego, Danish Gambling Authority, Oficial Național Pentru Jocuri de Noroc, and State Commission for Gambling.

Betfair group is listed on the stock exchange listing, giving further credence to the bookmaker. It has certification from the third-party eCOGRA, which means that all its games, along with the RNG are always regulated and monitored to make sure that they are 100% fair. As a result, punters can rest easy knowing that the games offered by Betfair are safe and fair as the games have been put through rigorous third-party testing. Betfair UK is also audited independently by Technical Systems Testing. This is a world-wide recognised Accredited Testing Facility that combs through the entirety of the site to make sure it is safe and secure. Betfair UK uses 128-bit SSL encryption to make sure that your personal and financial data is safe.

Rewards

While you won’t find a VIP Club on the Betfair Sportsbook and Exchange, they do have other offers which include the Refer A Friend scheme. For each of your friends that you get to sign up to (up to five), you can get £10 in cash credited to your betting account. The friends must have settled Sportsbook or Exchange bets to a value over £10 in 60 days of your referral.

This Betfair horse racing sportsbook review also highlights the Each Way Edge promotion which allows you to add or remove places to a horse racing market for your each-way bets. You can also bet £20 to get a £5 bonus on multiples which contain at least one leg of minimum odds of 1/2 (1.50). Opt in and you can do this every week if horse racing accas are your thing.

Betfair Sports Betting

Betting Markets

Fancy something else to bet else besides betting on horse racing? There is plenty to choose from on the Betfair site. Their sportsbook caters for a whole range of other sports, and they have some great offers available on football. Betfair also has a poker section, along with Casino and Live Casino. It’s Arcade, Bingo and Vegas Slots platforms are also popular, and there is also virtual if that takes your fancy.

Live Betting

Betfair Live Video is currently free of charge for all content, with the exception of UK, Irish and UAE horse racing. You can place a bet on a horse and watch via live streaming. The minimum bet to watch a horse race is 50p. The firm also has a section dedicated to In-play betting. This does not include horse racing but football, tennis and basketball feature among a variety of sports covered and streaming on these are free. Apart from no horse racing, it’s hard to fault the In-play section.

Odds

Betfair offer best odds guaranteed on all UK and Irish horse racing. This is great as if you take a price on your horse and it drifts to a bigger price. For example, if you have £10 on a horse and take a price of 5/1 and it drifts to 7/1 you will get paid out at the higher odds. So instead of getting a return including your stake of £60 you will get £80.

Betting Margins

At Horsebetting.com we are committed to ensuring that you enjoy your betting experience and do as well as possible. As part of that help, we are going to compare betting margins for you. Check all the info out in the table we have provided below which we regularly update. That way you can maximise the profit on offer across the sportsbooks.

Getting an understanding of betting margins on top gambling sports like Betfair horse racing is really helpful before you place your bets. The table features handy percentages that are easy to understand and compare in-play betting to your standard wagers before sporting events.

Betting Limits

Betfair sportsbook lets you set your own deposit limits to ensure responsible gambling. The maximum you can win varies depending to the sport and bet. On UK and Irish racing it is £1,000,000. The maximum for Ante Post bets is £250,000. It’s best to check the various limits on their website before placing your bet. The minimum stake per bet is £2. The minimum deposit is £10 and it is the same figure for withdrawals.  If you are wondering what Betfair processing time is like for withdrawals, they are usually very quick and in many cases within 24 hours.

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Conclusion

The Betfair horse racing rating has to be high. That is because you can make both fixed odds wagers against the Sportsbook and take on fellow punters on the Exchange. To get the two different betting services side by side is almost unique on the same platforms through a simple click. The fact that Betfair are catering for both serious and more casual punters in this way really does set them apart from the competition.

The Verdict

Signing up for horse racing betting and getting your opening offer could not be easier. Once you have joined you can take advantage best odds guaranteed of, as well as regular offers such as Price Rushes and extra places on certain races.

An easy to use website, around the clock customer service, a vast array of markets and excellent app make Betfair a good site to sign-up to for horse racing fans. They also have a sportsbook covering virtually every sport imaginable, plus other platforms which including Arcades, Bingo, casino, live Casino and Virtual Sports. You can also watch lots of sports free through Betfred Live Video, but a minimum bet of £0.50 must be placed to watch live horse racing in the UK and Ireland. Overall it offers a comprehensive betting package.

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