Betfair Odds and Free Bet Review with Betting Site Pros and Cons
- Odds: The Betfair sportsbook is consistently generous with their odds across all the main betting sports from football to tennis, rugby to horse racing and, of course, golf. While are rarely take a market by storm, they usually have a least of couple of top prices in the top 10 in any given golf betting market.
- Free Bet: Their £100 in free bets offer is not only generous, but it suits bettors who like regular but small stakes bets. The minimum odds are also lower than many free bet offers at just 1/2 (1.5 in decimal odds)
- Pros: Vast array of betting markets including lots of options for most golf tournaments, generous odds and a very good range of betting offers for existing customers covering a wide variety of sports and events.
- Cons: The betting site can appear a little cluttered at times given the large number of tabs, but you get used to it.
Betfair launched their ground-breaking betting exchange in 2000 after the company was formed in 1999 by Andrew Black and Ed Wray. The innovative betting product allowed punters to both place and lay bets (i.e. take bets from others) with Betfair taking a commission on all transactions without having the risk that a conventional bookmaker has.
They quickly cornered the exchange market and have since diversified into other online gambling products including casino, poker, bingo and – in 2013 – their fixed odds sportsbook.
With a wealth of experience and, well, wealth behind them, Betfair have been able to take on the more established bookies with a fine sportsbook that brings forth a decent range of sports and betting markets, competitive odds and a steady stream of betting offers for existing customers.
In an attempt to attract new customers, Betfair often offer generous enhanced odds betting offers on a range of sports as an alternative to their standard £100 in free bets offer, giving punters the choice of how they benefit when they sign up to the bookie.
As mentioned, Betfair offer odds that are generally very good, and while there are one or two other bookies who are consistently slightly better on golf outright betting, the range of golf markets offered by Betfair mean that they are sometimes the only bookie offering odds. For instance on a standard European or PGA Tour tournament they offer odds on the outright winner, the 1st round leader, a top 5 finish, a top 10 finish, a top 20 finish, the top player from various geographical areas and 1st round two or three balls.
They also regularly offer enhanced odds for existing customers on favourites for big golf tournaments, which can really up the betting value.
Free Bet or Welcome Bonus
Betfair’s standard free bet offer for new customers is a £100 in free bets deal whereby customers who join and place five £10 bets at odds of at least 1/2 (1.5 in decimal) will be credited with a £20 free bet. They can then repeat the process a further four times to accumulate a total of £100 in free bets (having placed £250 in real money bets).
As mentioned, there are often alternative enhanced odds offers available – for example pushing a player/team up from evens to 7/1 – for new customers, though note that the extra winnings are paid out in free bets. Having said that, they will refund your stake (usually limited to £10) if your bet loses and they will also make a further £100 in free bets available when you place further bets with them.
In golf terms, the enhanced odds offers for existing customers certainly come in very handy, while there are also regular money back (as free bet) offers on golf tournaments, for instance if the player you backed is leading at any point but fails to win. There are loads of similar money back offers for a wide range of sports and events and one or two additional free bet type offers that pop up from time to time.
The Betfair Price Rush feature is also most welcome as it will automatically boost your odds to the price currently trading on the Betfair exchange if that is higher than the odds quoted in the fixed odds sportsbook. At the time of writing this is only available on football, American football, tennis and horse racing, but we are hopeful this will be rolled out for golf bets before too long.
As you would expect from a company with such deep pockets, the mobile betting site is well designed, intuitive and runs very reliably. These days it is really necessary to have a decent mobile site and we’d be loath to work with a bookie who didn’t, but Betfair have certainly developed an easy-to-use and nice-looking mobile site.
Live streaming is available on a number of sports including horse and greyhound racing, football, tennis, basketball, snooker and cricket for customers with a funded betting account.
Betfair’s in-play betting area – which has a dedicated tab on the sportsbook menu bar – is decent enough, allowing you to select by sport or market and to scroll through the various games/events available with ease. It is also available to mobile customers.
Betfair have developed an efficient and effective customer service provision and you can contact them by live chat, phone, email or through Twitter. They usually respond to email requests within an hour or two but live chat should get you answers to your questions within a couple of minutes.
The FAQ section of the Betfair site is not as useful as those found at some of their rivals, but we won’t come down too harshly on them given that we’ve always had positive experiences when contacting their customer services department.
Betfair are a well-managed bookie who have a good innovative spirit in terms of both their betting offers and the betting products they offer. As well as the price rush detailed above, they also offer the increasingly popular ‘cash out’ feature on many bets, and their Football Multiple Builder is another welcome addition for footy punters.
All in all, the Betfair sportsbook is up there with the best around and though they haven’t been around as long as the likes of Ladbrokes or Coral, they have certainly come a long way in a short time and they compete with them in terms of the overall betting experience they offer to punters.