How to Claim my free bet with Betfair

Who are Betfair Bookmakers?

Here’s why you really should be betting with betfair  -  World’s No.1 online betting site.

• Best odds.

On betfair you should receive more value, because you are betting against fellow punters, thus taking out the bookmakers cut. The odds on Betfair Free Bets are 20% better odds than at a traditional bookie. This means is that it allows members to set their own odds on contests which other members can then take up.

This results in a wide range of odds and allows you to either search for the best odds offered by other members or, if you can't find any odds that suit you, you can submit your own and see if you will be matched. You set your own for others to take advantage of.


• Choice and control.
You can bet on a team to win or to lose.  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 the traditional bookmaker.

When you "lay" it,  you are in effect betting that the event will not happen, ie. betting against it. Take for instance, if you want to place a bet in a market on who will the World Cup and you lay England, you offer the specific odds to other gamblers who want to back England. If England don't win the World Cup then you pick up the amount that the gambler staked. If England win, then you will be liable for the bet and you will have to pay out to the other punters who matched your stake.

You never know who you are betting against, your privacy and the confidentiality of your bets is maintained by Betfair's secure site.

Also being able to lay a market in essence gives you two chances to win – both on your team and if there is a draw. Plus you can amend your odds at any time if there is a change in the market or if the odds offered do not reflect your opinion on a betting event.

• Hedging and managing bets.
Betfair has in running markets on the majority of markets, and so if you feel that your selection is certain to lose, you can hedge you bets and try to lay your selection off. Remember, you can set your own odds!

• Safety.
Betfair uses secure socket technology and encryption techniques, and betfair  does not offer credit. Because of this, punters are 100% certain of getting their winnings. This is not always the case with traditional fixed-odds bookmakers.

• Winners are always welcome at betfair.
We will not penalise you for being a successful punter by closing your account, or reducing your stakes.  There is no limit for those customers wishing to deposit big money, and a simple £2 betting for those learning the betfair ropes.

• Phone. Betfair also uses a telephone betting service.

• betfair charges.
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 you lose your bets in a certain market, you do not pay commission. Commission is payable on your winnings. But this is not to much of a problem! There is a  commission scale which starts at 5%, and then lowers to 2% depending on the amounts you wager.