The betfair betting exchange was created in Great Britain in 1999 by Andrew Black and Edward Wray. Today, betfair is licensed in Gibraltar, the United Kingdom, Australia, Malta, Spain, Italy, Bulgaria, Denmark and the United States of America.
The company employs more than 1,800 workers, and currently has over 1.1 million active users. The betting exchange, which is the biggest in the world, works exclusively online and can be found at: www.betfair.com – the website is available in 11 languages, including English.
betfair support a wide variety of payment methods, which makes it easy for their players to deposit and withdraw funds. There is no one set bonus for new customers as such; however, new sign-up offer are constantly being released, so that at any time a new user will be able to access some form of bonus upon joining.
Just like any betting exchange, betfair has its own platform where players can bet against each other, and all winnings are of course subject to commission charges. This charge starts at 5% and then generally comes down as a user bets more. On top of this, there are also premium charges for serious, very successful players.
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