Betfair Betting Guide | Online Betting | Back and Lay at Betfair

Betfair has quickly become the smart choice for punters in Australia, because you are placing bets against fellow punters on the outcome of each other's opinion and can receive much better odds than the Australian TAB and bookmakers in general. A Betfair account is a must if you plan to make a long term profit on sports or race betting and want to receive odds that are typically 20% better than the three Aussie Totes. Why would you bet anywhere else?

Punting at Betfair puts you in charge of your betting and you can choose to accept odds offered by any other punter on Betfair, or you can even go the opposite way and lay bets that you think cannot win. The odds available at Betfair are almost always better than the TAB because there are no pools involved and simply put, Betfair allows two punters to exchange bets and then Betfair hold the money until the result is declared, and the winning punter paid out. Betfair or TAB? The answer is easy, Betfair by 20% on average!

1. Open an account at Betfair for Free

Joining Betfair is very simple and best of all it is Free! You can open an account in a matter of minutes by simply clicking on any of the Betfair banners on this page or the 'Join Betfair now' link below. Once you get to the landing page, look for the 'JOIN NOW' button and then click it to be taken to the Betfair sign up page.

From the sign up page you will need to enter your personal details, contact details, and create a Betfair user name and password that will enable you to access the site. Once inside you have the ability to check out all that Betfair have to offer. The Racing Zone is a wonderful feature of Betfair racing and gives punters vital horse racing information in one easy to use location.

2. Place a Bet at Betfair

Placing a bet at Betfair is much like how you would back a selection on the TAB or a bookmaker. Betfair betting markets all have fixed odds betting and it's just a matter of finding your desired market for any sport or racing event and then choosing the odds that you consider the best for your choice.

Betfair prices tend to average around 20% more than the Tote in Australia and if you want the very best odds for your selection then Betfair is your answer. Once you see the value on offer at Betfair you will never have to accept poor TAB odds again.

3. Lay a Bet at Betfair

Betfair not only allows you to place bets on events, it also allows you to lay bets on selected events of your choice. If you think the favourite is no good thing in the main race of the day, then you can lay the favourite to lose and if someone accepts your bet and the favourite goes down as you expect, then your bet is a winner.

Laying a bet simply means you are putting money on a result that you feel won't happen, and is basically the opposite of placing a bet to win. That's what makes Betfair such an attractive place to bet as it gives you the choice. Back it to win or Lay it to lose. Your choice!

4. Live In-Play Betting at Betfair

Betfair offers opportunistic punters the chance to win big from placing bets 'live' during racing or sporting events. If you have your finger on the pulse of a live event and can take advantage of the swings and roundabouts of a race or match that can see odds fluctuating wildly, then you can experience some exciting moments and very profitable returns.

5. Funds and your Betfair account

Deposits into your Betfair account can be made via Bank Transfer, BPay, NAB, Credit Union which all require a minimum $5 deposit and have no fees associated, while Visa and Mastercard you have to deposit at least $30 with a small fee applied. Terms and conditions apply to all the main payment methods and withdrawals are generally processed within one to three days. For more information refer to the bookmakers 'Help' menu under withdrawal and deposits.

Betfair Customer service

Quality customer service is assured at Betfair and with more than one million customers world wide they have stood the test of time. If you can't find what you want in their thorough online help section, then speak to a customer service representative at their 24/7 manned help desk for more personal help.