Betfair Exchange Review: Everything You Need to Know

The Betfair Exchange is a leading platform for peer-to-peer betting. Unlike traditional bookmakers where you bet against the house, Betfair Exchange allows you to bet against other users, often leading to better odds and a wider variety of betting opportunities.

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Deposits and Withdrawals

Betfair Exchange supports multiple deposit and withdrawal methods, ensuring ease of access for users. Popular options include:

• Deposits: Instant payments via debit cards, PayPal, Skrill, and bank transfers.
• Withdrawals: PayPal withdrawals process within 24 hours, while bank transfers and card withdrawals take 2-5 business days.

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Odds Quality

Because users set the odds, Betfair Exchange often provides better odds than traditional bookmakers.

• Higher Value: No bookmaker margin, meaning more profitable bets.
• Ideal for Matched Betting: Better odds allow for more profitable matched betting strategies.

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Commission Structure

Betfair Exchange operates on a commission model, charging a percentage of net winnings:

• Basic Plan: 2% commission, suitable for casual bettors.
• Standard Plan: 5% commission, with a £5 monthly free bet reward.
• Rewards+ Plan: 8% commission, offering additional free bets and promotions.

Premium Charge: High-stakes bettors may be subject to additional fees, impacting long-term profitability.

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Flutter Entertainment Ownership

Betfair Exchange is owned by Flutter Entertainment, which also operates:

• Paddy Power
• Sky Bet
• FanDuel
• PokerStars

Matched betting Consideration: Using both Betfair and Paddy Power could increase the risk of account restrictions (“gubbing”). Diversifying platforms is recommended.

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What Matched Bettors Should Know

• Back Bets: Betting on an outcome to happen.
• Lay Bets: Betting against an outcome.
• Liquidity: Betfair Exchange offers high liquidity, allowing for large matched bets.

Betfair Exchange is a top choice for Matched bettors, but spreading activity across multiple exchanges can help avoid restrictions.

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Conclusion

Betfair Exchange remains one of the best platforms for those seeking competitive odds and flexible betting options. Key takeaways:

• Easy deposits and withdrawals.
• Better odds than traditional bookmakers.
• Commission-based model (typically 5%).
• Owned by Flutter Entertainment, which could affect matched bettors.

For matched bettors, Betfair Exchange is an essential tool, but using additional platforms is advised to mitigate risks.