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Betfair Exchange stands as a colossal online betting platform, hosting an expansive global user base. Unlike traditional sportsbooks, these exchanges let you bet against fellow punters, not a bookie. Furthermore, you have the option to place lay bets, allowing you to predict an event won't occur.
While betting exchanges typically offer fewer promotions compared to sportsbooks, Betfair still presents some appealing opportunities worth exploring.
As a betting exchange, Betfair doesn't provide typical horse racing incentives like Best Odds Guaranteed or Extra Places. You'll need to check the Betfair Sportsbook for such deals. However, they sporadically offer free bet promotions specifically for horse racing enthusiasts.
One notable horse racing offer from Betfair is their 'Free Bet Streak,' also applicable for other sports. Through this, a £20 bet on the exchange grants you a £20 free bet. Winning with this free bet entitles you to another, continuing as long as your bets are successful. It's a remarkable offer that surpasses many promotions from dedicated sportsbooks.
The Free Bet Streak offer can also cater to football fans, and Betfair Exchange might have other football-related promotions. To explore more football incentives, it's advisable to visit the Betfair Sportsbook promotions page, which regularly features 'Bet & Get' offers, enhanced odds, and other match-related deals.
New arrivals at Betfair Exchange enjoy a top-tier signup bonus, while existing members have access to a variety of regular promotions.
Beyond the new member offers, Betfair customers can earn £10 cash for referring friends. This referral bonus maxes at five times, potentially netting you £50 in cash simply for introducing interested friends and family to Betfair Exchange or the Sportsbook.
In late 2019, Betfair rolled out Betfair Rewards, a program allowing customers to select from varied commission structures, each presenting unique benefits and drawbacks.
A primary reason some gamblers might opt for exchanges other than Betfair is their lower commission rates. Typically, Betfair sets its standard commission at 5%, notably higher than competitors like Smarkets and Matchbook, which offer just 2%. However, with Betfair Rewards, customers can switch from a 5% to a 2% commission plan effortlessly, though this forfeits eligibility for certain promotions. Many choose this for savings.
An alternative 8% commission plan increases fees on winning bets but compensates with perks like a monthly £10 free bet and access to the Betfair Cash Race, among other advantages.
Betfair Exchange rarely requires promo codes, though one might be necessary when signing up at Betfair Sportsbook for a welcome bonus.
If a bonus code is required, it will be clearly indicated in the promotional terms. Latest offers can be found under the 'Promotions' section on Betfair Exchange's site.
Although Betfair Exchange doesn't match the promotional volume of traditional sportsbooks, exclusive, invite-only offers can appear, offering unique commission rates or special deals.
To avoid missing exclusive promotions, keep an eye on emails from Betfair if you've opted in for communications.
By subscribing to Betfair's email list, you'll receive timely updates on free bets, reduced commissions, and enticing offers directly when available.
Mobile-specific offers aren't frequent at Betfair Exchange, yet with many sportsbooks providing them, it's possible.
Betting on mobile is increasingly popular, with some bookmakers requiring bets via mobile to qualify for unique offers.
Live or in-play betting thrives on Betfair Exchange, attracting diverse bettors including traders. Though not common, any in-play promotions will be showcased on Betfair Exchange's promotions page.
Open to UK/IRE users over 18 only, max £20 per person (max 5 referrals, excludes family or anyone at the same address), referrals must have £50 in settled exchange back bets over 30 days, across 5 different markets (min odds 1.2). Additional terms apply. BeGambleAware.org.