Betfair is an online betting exchange that was started in 2000 and offers its customers access to sports betting, in-play betting, casino games, live casino, and lots more!
The Betfair Exchange is popular with matched bettors as they welcome winners and they are unlikely to ever limit your account as their business model is based on commissions charged on every bet you place on their exchange rather than on whether you win or lose.
Betfair Reward Plans
Betfair currently offers three different reward plans that offer three different levels of commissions: 2%, 5%, and 8%.
The 5% and 8% levels offer perks such as free casino spins and Best Odds Guaranteed (or “BOG”) at their sportsbook (see screenshot below).
However, as a matched bettor/sports trader, you will want to select the 2% basic rewards plan as you will be placing a lot of exchange bets and it is best to minimise the commissions paid as much as possible.
Betfair Exchange Sign Up Offer
Betfair is currently offering Irish and UK customers a risk-free €/£20 exchange bet for new customers opening an account with them using the promo code VAL225.
Step by Step Guide for the Betfair Exchange Sign Up Offer
Please see below for a detailed step by step guide on how to qualify for this Betfair Exchange offer.
Step 1: Click here to visit the Betfair.com Website. Once the website loads, click on the Join Now button in the top right-hand corner of the website (see screenshot below).
Step 2: When you click on the Join Now button, a new page will load and you will be asked to enter your Name, Date of birth, and other information Betfair require for you to open a betting exchange account with them.
Make sure to include the promo code VAL225 to ensure you qualify to receive the risk-free €/£20 exchange bet. When you have entered all your information, click on the join now button at the bottom of the page.
Step 3: On the next page that loads, you will have the opportunity to deposit funds into your account. Deposit a minimum of €20 if you wish to claim the maximum amount under this welcome offer.
Step 4: Once your funds have been added to your account, you can now place your first exchange bet and if it loses, Betfair will refund your bet up to €/£20.
You can use a bonus lock-in calculator to work out how much to lay by entering the relevant information into the calculator (see the example in the screenshot below). Whether you chose to lay or not, is up to you.
Betfair Sign Up Offer FAQ
Q: What is the maximum refund under this Sign Up offer?
A: The maximum refund you can receive is €/£20.
Q: How long do I have to make my first risk free exchange bet?
A: You must place your bet within 7 days of opening your account. Your bet must also settle within the 7 day period.
Q: If my first exchange bet loses, how long before the refund is credited to my account?
A: Betfair aims to credit your account with the refund within 72 hours of your bet settling.
Q: Are there any geographical restrictions on this offer?
A: Residents of the following countries do not qualify for this offer: Armenia, Portugal, Bulgaria, India, Belarus, Chile, Croatia, Hungary, Latvia, Macedonia, Moldova, Romania, Russia, Serbia, Slovenia, Tunisia, Ukraine, Macau, and Taiwan.
Q: If I make a deposit using an e-wallet will I qualify for this offer?
A: Only deposits made using credit/debits cards or ApplePay will qualify for this offer.