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Betfair
Free £25 Bet
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• Sign up with Betfair by clicking
this link and follow the 'join now' links from
the home page
• Enter 'FTB125' in the ‘recommended by a Betfair
account holder, or a Betfair.com promotion' box
• Bet £25 on one bet or in a series of bets totalling
£25 any event from now until 31st December 2007.
• Wait 48hrs and you will receive your free bet! |
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REGISTER FOR YOUR FREE £25 BET HERE! |
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What is Betfair?
All bets on Betfair have been placed there by
users who either want to have a bet in the
normal way (back), or offer odds to other
punters (lay).
Bets are matched between people with opposing
views.
Differences between betting with Betfair vs. a
conventional bookmaker:
• You can back or lay a bet.
• You can choose the odds you want to play at
• Commission and Tax.
• You can bet whilst the game is in play.
Back or lay
When you "back" a selection (be it an
individual, a team, horse, dog or other), you
are betting that it will win. This is just like
betting with conventional bookies.
When you "lay" it, you are betting against it
winning. For example, if you're betting in a
market on which team is going to win the
Premiership and you lay Man Utd, you offer odds
to other punters who wish to back Man Utd. If
Man Utd don't win, then you pick up the backer's
stake. If Man Utd win, theny ou pay out. This is
what free
bets bookmakers traditionally do.
You never know who you are betting against, your
privacy and the confidentiality of your bets is
maintained by Betfair's secure site.
Choose odds
With Betfair.com there is always a choice of
what odds to accept. If you want better odds
than are currently available, you can place an
order for a better price, but be realistic
because there has to be somebody prepared to lay
the bet at those odds, and vice versa.
Take a look at the odds before a game and you
will see them change as visitors back and lay
their bets. The odds often improve nearer to the
off, as there are more people in the market.
Commission
You do not pay tax at Betfair, and commission is
only paid on your net winnings on each market.
This is particularly beneficial if you have
multiple bets on a single market such as the
Premiership Winner market. Some of your bets may
win, some may lose, however you only pay
commission on your NET winnings. If your bets in
a particular market amount to a net loss, you do
not pay commission.
We offer a customer incentive scheme. Your
commission rate is set according to how much you
use Betfair.
Fees for transferring funds to and from Betfair
To reflect Betfair own charges, there is a 1.5%
fee for all credit card deposits. There is NO
fee for UK debit card deposits or withdrawals to
any card. Deposits and withdrawals can also be
made by cheque and bank transfer - there is a
small fee for bank transfer withdrawals only.
These fees are made by our bank and are not
retained by Betfair.com |
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