Our review of the betting exchange Betfair has been updated to cover the new exchange betting interface. This comprehensive review is part of a series on betting agencies that are suitable for Australians. All reviews form part of the Bookmaker Reviews section.
In summary, when it comes to a betting exchange, bigger is better and Betfair dominates in this regard, boasting 90% of global exchange activity.6 The exchange platform takes time to get used to but it’s well worth the effort. The ability to bet both for and against outcomes makes hedging incredibly easy. Betfair’s other big strength lies in tournament betting. The tournament winner odds are far superior to those offered by bookmakers and the back/lay feature enables you to lock in profits and limit losses. Betfair also offers better value in Correct Score markets than bookmakers. While Betfair does offer a Multi betting platform, the odds and market selection isn’t nearly as competitive, so multi betting enthusiasts should look elsewhere. Betfair is not ideal for beginners, however experienced punters will revel in the ability to play the role of both the punter and bookmaker. We highly recommend Betfair to serious sports betting enthusiasts and to those who enjoy tournament winner and correct score betting.
A full survey of betting agencies that are suitable for Australians can be found in the Betting Agencies section.