bet fair

Bet Fair is a corporation set up in 2000. Despite being a newcomer in the sports betting industry, it revolutionized the industry by being the first sports booking company to offer betting exchange, a mode of betting wherein the punters set their own odds and bet against each other. This innovation has enabled Bet Fair to garner several prestigious awards, including the innovation category for the Queen's Award for Enterprise in 2003. Being one of the biggest names in sports betting and the leader in betting exchange, the action is hot at Bet Fair. The company claims to handle an average of 300 bets a second and five million transactions a day.

Types of Bets Taken

Bet Fair covers a huge range of events for their betting exchange operations. Popular sporting events in the United Kingdom and in Europe have great coverage, and they include basketball, boxing, cricket, football, golf, greyhound racing, handball, horse racing, ice hockey, motor sports, rugby, snooker and tennis. Odds are also offered on special events and novelty events.

Bet Fair claims that the odds offered at their betting exchange website is 20% higher than what is offered at the more traditional sports booking website. This, however, is not always true, and there are times that the odds are only 2% to 3% better than what is being given at the other online sports booking services. Bet Fair makes money through the commissions it gets from winning bets, and it is not unusual for these commissions to eat up the initial odds advantages.

Despite the huge volume of traffic going through the Bet Fair betting exchange website, the website is nonetheless easy to load and easy to navigate. There is a good Flash tutorial for new users of the Bet Fair betting exchange website. Be prepared, however, for the number of pop-ups that may open while you browse through the website.

Bet Fair does not accept membership requests from residents of the United States .

Bonus Listing

Bet Fair occasionally offers different bonuses and promotions to lure new users to their online betting exchange service and to keep their regular clients loyal and happy. Currently, Bet Fair has a £25 cash back bonus, to be awarded whether or not the customer wins his wager. Promos and bonuses are, of course, subject to the company's terms and conditions.

Security and Customer Service

Security is not an issue at Bet Fair. The company claims to have invested around £30 million in technology to keep their website running smoothly, efficiently and safely.

Customers seeking technical support can request for it through email, telephone, fax or regular snail mail. If the email is sent during the operation hours of Bet Fair's help desk, the customer can get a response within two hours.

Payment Methods

Deposits at Bet Fair can be done through Visa and MasterCard credit cards, through debit cards, through money handling agencies like NETeller, Moneybookers and Western Union , through bank transfers, or through personal checks. The minimum deposit required is £25. Withdrawals take two to five days to process upon receipt of the request, and are paid out through credit card, debit card, wire transfer or mailed check.

Bet Fair accepts the following currencies: Australian dollar, Canadian dollar, Singaporean dollar, US dollar, euro, Danish krone, Norwegian krone, Swedish krona and UK pound.