Betfair has revolutionised the betting industry around the world and all its benefits are now available to
Australians. Betfair Australia is the nation’s only licensed betting exchange, and offers punters better
odds, greater choice and more control over their betting experience.
To help you learn more about what Betfair has to offer the punter, we have put together a quick Betfair User Guide to help you better understand how Betfair works. Once you learn how the world's biggest betting exchange can put you in charge of your betting, you will wonder how you ever bet without it.
Betfair User Guide
Opening an account at Betfair
Backing a Selection at Betfair
Laying a Selection at Betfair
In-Play-Betting at Betfair
Understanding Betfair terms
Betfair vs TAB
Betfair is a Betting Exchange, not a Bookmaker
With more than one million registered customers, Betfair is the world’s No. 1 online betting exchange, a concept that the company pioneered and one that has revolutionised the wagering industry.
A betting exchange is an online marketplace where punters bet at odds set by other punters, rather than a bookmaker, bringing together people with directly opposing views. The result? Punters get much better odds, whether you want to back a selection, lay a selection, or bet in-play, because you are betting against other punters, not a bookmaker or the tote.
How Betfair Works
A good way to understand Betfair is to think of it in similar terms to the Stock Exchange. Just as you buy a share on the Stock Exchange if you think it’s cheap, you back a selection to win with Betfair if you believe the odds are generous. And just as you sell a share when you think it’s too expensive, with Betfair you lay a selection (offer odds to other punters) when you feel the odds aren’t generous enough.
Betfair takes a commission of between 2%-5% on your net winnings on each market. Punters who have a net loss on a market don’t pay any commission. Crucially, Betfair’s system guarantees that the winner gets paid as soon as a market is settled. There is no risk of default, with punters unable to bet on credit. When the outcome is known, the winning party receives the dividend, less commission.
Betfair Racing Zone
Betfair Racing Zone for Australian and New Zealand racing covers all Galloping, Harness and Greyhound race meetings and has been designed to be as intuitive as possible. Features include full race-day schedules and Betfair prices, comprehensive form guides and racing stats, comparative TAB prices, and complete historical archive of races, form and results.
Betfair Sports Page
At first glance, the Betfair Sports Page might appear full of information, but it’s easy to find your way around – once you know what you’re looking for.
Betfair Australia
Betfair Australia is the only licensed betting exchange in Australia. A joint venture between Betfair in the UK and Publishing and Broadcasting Limited, it is licensed in Tasmania, with its main operation based in Hobart.
Safe and Secure
Betfair is a secure site. You never know who you are betting against, and every bet is confidential. The only time your card details are sent over the internet is when you open an account, and all information is stored on Betfair’s secure service. All users’ funds are held by a secure, ring-fenced trust at the National Australia Bank in Hobart.
Join Betfair Today
With over a million customers around the world, Betfair is fast becoming the number one choice for serious punters, and if you are betting at your local TAB and don't have a Betfair account, then you are losing money and taking poor value. Join Betfair for free here!
Opening an Account at Betfair
Once you have clicked on a link or banner from this site and are taken to the Betfair joining page, it is quite simple to create your new betting account at Betfair. We have made the process even easier with a step-by-step guide, so please visit our Opening an Account page, to step you through creating your new account at Betfair.
Betfair odds average around 20% better than the 3 Australian TABs, and if you continue to bet at your local tote then you are losing money on every bet, by accepting poor value odds.
