What is Betfair?

Betfair is a betting exchange, quite different to a normal bookmaker. A betting exchange is essentially a stock market platform taken across to betting on racing and sport.

Customers bet against each other not against Betfair. Think of it as like two mates in a pub with opposing views on a game and having a bet.

Betfair works like an impartial barman in the pub who holds the money until he gives it to the winner.

On Betfair you bet against other people from anywhere in the world, they just have a different opinion to yourself. Betfair simply match opposing bets and take a small commission from the winner.

Betfair give you all the guidance you need, and we encourage winners! We don't ban or cut back as is the case with many bookies who limit stakes or close accounts if anyone "dares" to beat them. It doesn't matter to Betfair, we only bring punters together, and don't have any liabilities ourselves.

1 Getting started

2 Placing a Bet

3 Lay betting

4 Making use of the settings

5 My account

6 Advanced techniques and terminology

7 Why lay?

8 Traps to Avoid