Play fair, bet fair!
It is quick and easy to install the Betfair App to your mobile device. Follow these simple steps:
This app is compatible with all of Android smartphones and tablets.
Rather than being a traditional bookmaker, Betfair is actually a betting exchange which operates as a marketplace with members setting the odds for each event, acting as both bookmaker and punter. This allows for much better odds in many cases than with the more traditional bookmakers, with the average for this provider being around 4.6%, lower than most other Australian bookmakers. Maximum winnings depend on the amount of market activity on each event, with maximum payouts for most Tote products being between $20,000 and $50,000. The minimum bet amount is as low as just $1 for Tote Extra and Tote & Exotics/
The Betfair Android app is not only impressively fast, but also visually impressive. Its professional appearance is complemented by its appealing colour scheme which makes the app even more fun to use. Navigation is relatively simple, with the various menus being accessed by swiping across the screen, making it easy to select different options and place bets on the interactive betting slip. The interface, however, is not quite as user friendly as that offered by some other bookmakers and may take some time to get used to, meaning that it may be better suited to more experienced punters. It is, however, very sleek and reliable with excellent functionality.
Betfair also has higher liquidity than most, if not all, of its rivals across a broad range of sporting events. The best liquidity of all is on events that are especially popular in the United Kingdom as the company is UK owned. The most popular sports on this app are tennis, horse racing and football, however there is a wide spectrum of events to bet on, with all of the major leagues and sports being catered for. While market depth is very good across many events, for less popular markets, liquidity can vary dramatically and often punters will have to wait until much closer to the event for the exchange to have liquidity. Despite these issues, however, there are still plenty of different betting markets for every sporting fixture offered.
One of Betfair’s great strengths is in its Back/Lay feature, which allows punters to hedge their bets on the same event, limiting their losses while locking in profits. Users can quickly and easily use this feature with a single click, making it simpler than ever to place a bet. Betfair Australia is also especially good for placing bets on horse racing, where there is both an exchange or a tote option to choose from with the exchange often offering much better odds. The app also offers Timeform comments together with racing tips and ratings for each and every Australian race every day, and this is a great advantage to punters who like to stay well informed when placing bets.
There are 17 different languages available for customers to choose from, and there are excellent customer service options for those who need a question answered or who need a problem resolved. It is possible to contact the support team via telephone helpline, email or through the convenient online chat facility.
There are plenty of different deposit and withdrawal options available through Betfair. Australian customers can choose to pay money into their account via both traditional and more contemporary methods, including credit and debit cards, bank transfers, POLi, Neteller and Skrill. Withdrawals can be made into an Australian bank account, or via Neteller or Skrill. The minimum deposit amounts are relatively low, standing at just $5 via POLi, $10 for those who use a credit card, $15 through Skrill, $25 via Neteller and $30 via bank transfer. Banking transactions are processed rapidly and are smooth and reliable.
Betfair makes its revenue in the same way as other betting exchanges, by charging commissions on winnings. Their standard commission on sports is 5% and for Australian racing it is 6.5%. Depending on your amount of recent activity on the exchange, you may be eligible for a commission discount which can be as high as 60%.
Although Multi Betting is available on the Betfair website, this facility is not available via their mobile app at the present time. Australian customers are also unable to take part in live betting via their mobile devices due to current legislation, with any live bets only taken via telephone.
The Betfair app is an innovative and exciting option when it comes to Australian bookmakers, although its betting exchange style may take more getting used to than other more traditional providers. It is an ideal choice for serious punters who value improved market liquidity and the option to hedge their bets.