UK Betting Exchange Betfair

Betfair Exchange Betting

Betfair Exchange is now the World’s No.1 online betting site with 500,000 bets matched daily. At Betfair you’ll find the odds are on average 20% better than of a traditional bookmaker. At Betfair you can bet against other punters, not against a bookie, so the odds are almost always better as there is no bookmaker adding in their profit margin. Visit the Betfair Exchange web site.

Thanks to technology it pioneered, Betfair has rapidly become the world’s biggest betting community. Bound by a commitment to innovation and value, in just ten years Betfair has revolutionised the betting industry.

At the heart of Betfair is the pioneering Betting Exchange, where customers come together in order to bet at odds sought by themselves or offered by other customers, thereby eliminating the need for a traditional bookmaker. Betfair also offers a range of other sports betting products, casino games and poker.

Betfair also owns LMAX, which has developed an exchange platform for online retail financial trading that has evolved from Betfair’s exchange technology.

Betfair also owns Betfair US, which comprises TVG (a licensed US horse racing wagering and television broadcasting business) and a development office in San Francisco.

In addition, Betfair has a 50 per cent. shareholding in Betfair Australia, a joint venture which operates a licensed betting exchange business in Australia.

Betfair has twice been named the UK’s “Company of the Year” by the Confederation of British Industry and has won two Queen’s Awards for Enterprise, being recognised for Innovation in 2003 and most recently for International Trade in 2008.

Betfair employs more than 2,000 people, with more than 100 also employed by Betfair Australia.

The Betfair Group owns gambling licenses in Gibraltar, Malta, Italy, the United States and Tasmania.