Betfair

Betfair

     Created in 2000, Betfair is the world's largest Internet betting exchange. This company has become the largest online betting company in the UK and the largest betting exchange in the world. Betfair claim to have over 4 million customers and a turnover in excess of £50 million a week.

     A betting exchange allows punters (gamblers) to bet at odds set and requested by other punters rather than by a bookmaker. Members can make both 'back' bets (normal bets on a selection to win) and 'lay' bets (bets on the opposite side of the Back, against the selection), thereby eliminating the traditional bookmaker.

     Betfair claims on average 20 percent better odds than those offered by a traditional bookmaker, and charges a commission on all winning bets, which is set at 5 percent of the net winnings for most markets, although according to how much a client wagers on the site, it is possible to reduce the amount of commission paid to as low as 2 percent.

Bonus

     You receive a 100% bonus over about your first deposit

Deposits and withdrawals

     You can use:
     - Neteller (click to create an account)

     - MoneyBookers (click to create an account)

     - Paypal (click to create an account)

     - Credit card, Western Union, ClickandBuy, Wire transfer