It will be the sheer value you are going to get in relation to the odds that will be on offer to you at betting exchanges such as Betfair that are going to tempt you into signing up to their site, however many punters are still unaware of how a betting exchange works and operates.
In layman’s terms they are a way for punters to place bets amongst themselves, and as such each of the odds attached to every single individual betting market and betting opportunities you will discover on the Betfair betting exchange are being offered by other users of that site.
That does of course also mean that instead of placing a bet, you are going to be able to also offer your own unique set of odds to other punters using that betting exchange, and that will see you becoming a bookie yourself.
As it is a peer to peer type of betting site that means the odds that will be on offer to you are going to often be way higher than any odds a much more traditional bookie will be offering you, in fact you are also going to have the opportunity of asking for even higher odds that are currently being offered on any listed betting opportunity too.
The way in which Betfair make their money is by charging winning punters a small commission on each bet, so if you place a bet and win then you will pay a small commission on your winnings, or if you offered odds to other punters and they take your odds and lose therefore meaning you keep their stakes, then you will pay a small commission on those stakes you won from those punters.
Betfair Sign-Up Bonus
There is both a betting exchange and a standard betting platform on offer to you at Betfair, and as such if you would prefer to bet in the more standard way then feel free to make use of their betting platform, but make no mistake about it, you are going to find some much better odds always being offered to you on their betting exchange.
As for whether you are going to be able to avail yourself of a sign up welcome bonus when you do sign up to Betfair, well as you will see as you take a look around this website, there are plenty of betting bonuses available one of which is our exclusive sign up welcome bonus on offer from Betfair.
But do make sure that you click through to their site by using our website links, as that way that bonus will be instantly added to your account once you sign up. The terms and conditions of that bonus should be read through so make sure that is something you do.
As for ongoing promotional offers, well to be fair to Betfair they do not make many of them available to their betting exchange customers, and there is no real need for them to do so as the odds on that betting change often out way the need for any bonus offers!
Football Betting at Betfair
When you do fancy placing a bet on the Betfair Betting exchange you are going to find just as many types and variant of bets as you will find at any standard bookies site, so never be under the impression that you will be missing out or making any compromises when using their betting exchange.
Also, do keep in mind that if you are not impressed by the odds being offered to you on any of the football betting markets or football betting opportunities, then you are always going to be able to ask for any odds you do feel are fair, so make sure that is something you do.
Plus, you can of course choose to lay bets rather than place bets, but you are going to have to first work out what your potential liabilities will be when you do set about offering odds on any sporting events and outcomes in those sporting events.
For your potential liabilities will be removed from your betting account and will be held until the outcome of each sporting event you have been taking best on are known, and then any winning you have achieved less the house commission are then added back to your account along with the liabilities if the bets you laid didn’t win for the punters that placed bets with you.
Benefits of Betting at Betfair
The most obvious benefit of signing up to and betting on the Betfair betting exchange is that there is no bookie taking a cut of your bets or working to some high over-rounds, and as such the odds that you will be making use of will often be much higher than any bookie is offering you, so you will win more when using that betting exchange over the long term.
Another thing worth keeping in mind is that there is also a Betfair mobile app that you can download and start making use of as long as you have a touchscreen enabled mobile device such as a smart phone or tablet device.
I would like to point out that when using their app everything that is available via their online betting exchange by way of betting markets and betting opportunities will also be available to you via that app, so you are never going to have to put up with a much lower number of betting markets or betting opportunities.
If you are still in any way shape or form unsure as to how a betting exchange works then do please pay a visit to the Betfair website, for they have some very informative guides and videos that are going to walk you through every aspect of using their betting change and in no time at all you will get the hang of using their betting exchange either as someone who simply wants to place bets or as someone who want to start laying bets from other punters.
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