The Betfair NJ name is not particularly well-known in the United States, but it is run by a larger company that operates brands many of our readers already know. Betfair US is just one division of the much larger gaming giant known internationally as Flutter Entertainment (formerly Paddy Power Betfair).
Flutter Entertainment is one of the largest online gaming companies in the world with more than 7,000 employees serving more than 5 million active customers who placed more than $15 billion in bets last year alone.
Here in the United States, Betfair US is active not only through BetfairCasino.com, but also as the owners behind horse racing betting network TVG. More recently, Betfair US closed a deal with FanDuel to combine their US-facing businesses, giving Betfair a majority ownership stake with options to acquire 100% of FanDuel at a later date.
Betfair NJ is home to a mobile sportsbook as well as hundreds of slots, table games, live dealer games, video poker and virtual sports. This site also boasts one of the largest welcome bonuses in New Jersey. Additionally, Betfair Exchange offers a unique form of horse racing betting that allows customers to back and lay horses in a free market environment.
- Sportsbook, casino and horse racing exchange all in one
- Multiple exclusive games found only at Betfair
- Virtual sports and live dealer games offered
- Must register to even try demo games
- Only New Jersey residents may sign up
- Welcome bonus difficult to clear unless you stick with slots or roulette
- Betfair USA Sports Betting
- Betfair Casino Review
- Betfair NJ Bonuses
- Loyalty VIP Program
- Betfair Refer-a-Friend Program
- Game Variety
- Betfair Mobile Apps and Software Review
- Betfair Online Slots
- Table Games and Video Poker
- Betfair Live Dealer Games
- Betfair US Deposit Options
- Betfair State-by-State Operations
- Betfair Exchange USA Review
- Betfair Exchange Bonus
- Betfair NJ Horse Racing Betting Exchange
- Betfair Exchange Mobile App and Interface
- Will Betfair Exchange Sports Betting Happen in the USA?
- Betfair Exchange Deposit Methods
- Final Thoughts
Betfair also has agreements in place to operate sportsbooks at Meadowlands Racetrack in New Jersey and Tioga Downs in New York under the FanDuel banner.
The Betfair brand is currently relegated to the New Jersey market and may in fact remain focused exclusively on the Garden State. In other states, Flutter Entertainment has opted to offer sports betting, horse racing betting and casino games through the more recognizable FanDuel and TVG brands.
What this all means for prospective players is BetfairCasino.com is a safe place to play. The company behind this online casino is highly experienced, well-funded and has been approved by multiple gaming regulators around the world.
As far as safety and security go, there are no concerns here. Betfair Online Casino has an active license from the New Jersey Division of Gaming Enforcement and a long history in the gaming business even before coming to the US. Betfair is a legitimate gambling site by all measures.
For the remainder of our Betfair NJ review, we’ll focus on what it’s actually like to play here as a customer.
Betfair USA Sports Betting
At one point, it seemed inevitable that Betfair would become a major name in the US sports betting market. Flutter Entertainment is one of the largest and most experienced sports betting companies in the world with operations around the globe.
Flutter Entertainment has indeed aggressively targeted the US sports betting market, but under the FanDuel brand rather than through Betfair. If the Betfair name is to enter sports betting, it may be to offer exchange wagering as it does for horse racing in New Jersey.
We will dive more into exchange wagering later in this review, but the basic premise is that it allows customers to wager among themselves rather than against the book in a free market approach to sports betting. The exchange model requires high levels of traffic, however, and the fractured nature of the US sports betting market makes that difficult. Time will tell if Betfair is able to bring the exchange betting model to the US.
Betfair Casino Review
Betfair Casino opened for business in November 2013, shortly after then-governor Chris Christie signed into law legislation allowing New Jersey casinos to take their games online. Originally launched with a collection of 50 games, Betfair Casino NJ has since expanded its lineup to include nearly 400 slots in addition to table games, video poker, roulette, live dealer games and virtual sports betting.
New Jersey players 21 or older can head to BetfairCasino.com and sign up for an account to claim a $10 free play bonus with no deposit necessary. If you like what you see, you may also make a deposit to claim one of the largest welcome offers on the market: a 100% first deposit match bonus worth up to $2,500.
Betfair NJ originally launched in partnership with Trump Plaza AC but was nearly forced out of the market after the Trump Plaza announced it would be going of business. New Jersey law requires all gambling sites to partner with one land-based casino, so impending doom for Trump Plaza also threatened Betfair Casino’s ability to operate.
After what was surely a scramble for Betfair NJ executives, they ultimately found a land-based partner in the Golden Nugget AC without any interruption in business. That partnership continues to this day with Betfair supplying the games, software and day-to-day management while the Golden Nugget supplies the necessary internet gaming permit.
Betfair NJ Bonuses
Betfair Online Casino offers a two-part welcome package to all new customers consisting of a $10 no-deposit bonus just for signing up and then a 100% match bonus added to your first deposit.
$10 Free Casino Signup Bonus
All new customers are welcomed with a $10 free play bonus just for signing up. As long as you’re at least 21 and are located in New Jersey, you can get $10 to try the games without depositing your own money.
Important terms and conditions: The no-deposit bonus may be used to play any of the games on Betfair Casino and all winnings are yours to keep. There are no wagering requirements associated with this bonus, but you do have to deposit at least $10 within sixty days of receiving the bonus to withdraw any winnings obtained by wagering the bonus. Finally, the bonus is good for sixty days.
100% up to $2,500 Deposit Bonus
After you’ve had a chance to try the games for free, you can make your first deposit to get a 100% match bonus. This means Betfair will match your first deposit dollar for dollar to give you up to $2,500 in bonus funds.
Important terms and conditions: The first deposit bonus comes with wagering requirements of 20x for slots, 40x for roulette and 200x for all other table games. If you play slots, for example, a $50 bonus would require you to place $1,000 worth of wagers on slot games before withdrawing any winnings. Likewise, playing roulette would require $2,000 worth of wagers before withdrawing the winnings.
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Loyalty VIP Program
As you play real money games at Betfair, you automatically earn Tier Points and Bonus Points as a part of the loyalty VIP program. Tier Points are used to determine your level in the VIP program while Bonus Points are redeemed for cash and other benefits.
The more games you play, the more points you earn and the higher you advance through the rewards program. Higher levels unlock increasingly valuable perks including the ability to redeem points for cash, gain access to exclusive promotions, be invited to VIP events in Atlantic City and more.
Tier Points and Bonus Points are earned simultaneously whenever you place real money wagers at Betfair Online Casino:
- Every $1 wagered on slots: 5 Tier Points and 5 Bonus Points
- Every $1 wagered on roulette, video poker and table games: 3 Tier Points and 3 Bonus Points
- Every $1 wagered on blackjack: 1 Tier Point and 1 Bonus Point
All players start at VIP level Iron and then move up from there based on the number of Tier Points earned in any given month. The following table shows how many points earned in a month it takes to reach that level, the number of points that must be earned in a month to maintain that level and the number of Bonus Points that are needed to redeem $1 in bonus funds.
|Threshold||Maintenance Threshold||Points to Redeem $1|
Betfair Refer-a-Friend Program
If you enjoy your time at Betfair and would like to earn a little extra cash referring your friends, you can log in to your account to enter their e-mail addresses and invite them to join you. Your friends will get a $10 bonus and you’ll get $25 after anyone you refer makes a deposit of $25 or more.
Betfair Online is one of the bigger NJ casino sites in terms of sheer number of games on offer. In all, there are nearly 400 games to choose from. Slots account for the majority of the game variety, with table games, live dealer games, video poker and virtual sports rounding out the rest.
The Betfair platform features games from more than a dozen software providers specializing in online and offline slots. This means players will find online-only games such as those provided by the popular NetEnt collection as well as real-world slots that have been ported over to the Betfair platform for online play.
Betfair Casino also features a large number of exclusive games that cannot be found anywhere else:
- African Diamond
- Carnival in Rio
- Ancient Dragon
- Colossus Frac/Pot
- Deep Freeze
- Enchanting Pixie
- Full Moon Diamond
- Girls Day Out
- Guys Night Out
- Imperial House
- King of Bling
- Leonidas: King of the Spartans
- Medieval Gold
- Night Survivor
- Shore Luck
- Solstice Celebration
- Total Meltdown
- Thunder King
- Treasure Voyage
Exclusive Table Games & Video Poker
- Deuces Wild by GAN
- EZ Baccarat
- Hi-Lo Solitaire
- Jacks or Better by Betfair
- Poker Bet
- Pro Blackjack by GAN
- Roulette Royale
Between the large slots library, table games, video poker and virtual sports, Betfair is a well-rounded casino. The collection covers all the standard games you would expect to see at a casino as well as hundreds of slots and a fair number of exclusives to make Betfair Casino unique in the crowded New Jersey market.
Betfair Mobile Apps and Software Review
Betfair is no stranger to online gaming and the software shows it. Long before entering the New Jersey market, Betfair cut its teeth in the UK and European markets with an online betting exchange, online sportsbook and online casino. Not surprisingly, the software here looks polished and functions without issue.
From any desktop computer, customers can visit BetfairCasino.com to play online without downloading anything. The main casino lobby is organized by tabs enabling you to filter the games list by type such as by slots, table games, large jackpot games, live dealer games and virtual sports. Just select any tab and you’ll see the full list of games in that category.
The slots tab offers further filtering options allowing you to view slots that are exclusive to Betfair, slots with 1-10 pay lines, slots with 15-20 pay lines and slots with 25+ pay lines. These filter options are nice, but Betfair Casino has introduced so many slots that it’s getting to be time to introduce a search feature and possibly other filtering options such as the ability to view slots by software developer.
Betfair mobile is available for iOS and Android users alike. You can search for Betfair casino in your phone or tablet’s app store or just head to BetfairCasino.com where you’ll be directed to the app. In order to save space, the mobile app provides a pared-down collection of 150+ games including slots, table games and live dealer games.
Betfair Online Slots
Slots are a strong point at Betfair NJ with about 330 slots from numerous providers and of all different types. Here you’ll find slots from well-known providers such as NetEnt as well as real-world providers such as Konami that have made their games available online.
Other slots developers that provides games to Betfair include IGT, NYX, Amaya, SG Gaming, Incredible Technologies, GAN and Aristocrat. The wide variety in developers has resulted in a wide variety in the types of slots on offer. And even if you’ve seen it all before, the Betfair exclusive slots will be new to you.
A visit to the “jackpots” tab at the top of the casino lobby will take you to a small collection of games with large jackpots. At the time of this review, the largest slots jackpot exceeded $240,000.
Table Games and Video Poker
Betfair’s table games and video poker collection covers all the standard casino games and video poker variations plus a few Betfair exclusives. The collection overall has more variety in table games than most NJ casinos. A lack of options in table games has been a recurring theme in New Jersey for years, but Betfair thankfully offers a healthy variety.
Interestingly, the biggest online jackpot ever won by anyone in New Jersey happened at a Betfair table game. Back in 2015, one lucky player placed three individual $500 wagers on a game of Let It Ride. He was lucky enough to hit a Royal Flush, which paid 1,000:1 on each wager for a payout of $1,500,000 plus an extra $20,000 for his bonus bet. That jackpot stands as a New Jersey record to this day.
The full list of table games includes:
- 3 Wheel Roulette
- European Roulette
- American Roulette
- Roulette Advanced
- Roulette Master
- Roulette Royale (Betfair exclusive)
- Blackjack (2 variations)
- Pro Blackjack
- Blackjack Multi Hand
- Double Bonus Spin Roulette
- EZ Baccarat (Betfair exclusive)
- Hi-Lo Solitaire (Betfair exclusive)
- Let it Ride
- Three Card Poker
The video poker options at Betfair Casino are a bit limited by comparison. There are just a handful of video poker games to choose from, but the most popular variants are all present. Here’s what they have for video poker:
- Deuces Wild by GAN (Betfair exclusive)
- Bonus Poker
- Double Bonus Poker
- Double Double Bonus Poker
- Jacks or Better
- Jacks or Better by Betfair (Betair exclusive)
- Five Play Draw Poker Multi Hand
- Triple Play Draw Poker Multi Hand
Betfair Live Dealer Games
Betfair’s live dealer games bring real casino action to your desktop or mobile device complete with real dealers and streaming HD video. Place your bets on the digital interface and then watch as an actual casino dealer plays out the game on a real casino table.
Rather than waiting for randomized results, you’ll watch in real time as the cards are dealt and the roulette ball comes to a stop. Additionally, the live dealer games are more social in nature as you’re able to chat and interact with the dealers and other players as you play.
The live dealer games run seven days a week from 2PM to 6 AM depending on the game and are streamed from a dedicated room at the Golden Nugget in Atlantic City.
- Live Dealer Blackjack
- Live Dealer Roulette
- Live Dealer Roulette
- Live Dealer Holdem
- Live Dealer Baccarat
Betfair US Deposit Options
Betfair NJ provides a standard array of deposit methods allowing you to fund your account and play for real money.
- Credit and Debit Card: Betfair accepts MasterCard and Visa.
- ACH Bank Transfer: This is Betfair’s preferred payment method. All you have to do is type in your checking account and routing numbers to have money transferred straight from your bank to your Betfair account.
- Wire Transfer: Wire money from your account to Betfair – log in to your account and then visit the cashier for details on the receiving bank information
- Check: Send a personal check, cashier’s check, money order or banker’s draft to Betfair Casino by mail to the address listed inside the cashier’s area on your account page.
- Betfair Prepaid Card: You can sign up for a Betfair Prepaid Card by logging in to your account, visiting the cashier and then choosing the prepaid card option. Once you have a prepaid card, you can fund it via credit, debit or ACH.
- PayNearMe: PayNearMe allows you to fund your Betfair account with cash by printing off or saving a barcode to your mobile device. Take that code to your nearest 7-Eleven and then pay the cashier. Your account will be credited instantly.
Betfair State-by-State Operations
Betfair parent company Flutter Entertainment (formerly Paddy Power Betfair plc) has plans on the wider online gambling market extending beyond New Jersey, but it is unclear if further expansions will be launched under the Betfair name specifically.
In 2018, Flutter Entertainment reached a deal with FanDuel to merge their US-based businesses to create a new entity called Betfair US that will target the growing US market. The deal is clearly oriented to push the FanDuel brand in particular, which leaves the status of the Betfair brand in the United States up in the air.
It is entirely possible Betfair will bring its unique form of exchange betting to additional states, but FanDuel has all the momentum right now as an established daily fantasy provider with national name recognition.
Betfair has a path into Illinois under the FanDuel banner, but that path became a bit more complicated after lawmakers added a clause to the new sports betting law that prohibits FanDuel and DraftKings from applying for a license under their own names for the first 18 months.
The provision was designed as a punishment of sorts (or as a favor to local casinos depending on who you ask) for FanDuel and DraftKings running real money fantasy contests in IL even after the AG declared such contests to be illegal gambling.
FanDuel now has two options: wait for 18 months from the date of the law’s passage to apply for an online-only license or to launch betting under the name of its partner casino. In this case, the most likely partner is Pair-A-Dice Casino run by Boyd Gaming. FanDuel and Boyd reached an agreement in 2018 granting FanDuel access to states in which Boyd operates casinos.
Flutter Entertainment has carved out its spot in the Indiana betting market after FanDuel and Blue Chip Casino in Michigan City reached a deal for sports betting. Blue Chip Casino has received an Indiana sports betting license and commenced mobile betting in May 2020.
The Iowa Racing and Gaming Commission has approved Betfair Interactive as an authorized provider in Iowa for in-person and online betting. Additionally, Betfair Interactive is partnered with the two Diamond Jo casinos to manage their sports betting operations under the FanDuel name.
Betfair US is active in Mississippi under the FanDuel brand with retail sportsbooks at two casinos operated by Boyd Gaming. IP Biloxi and Sam’s Town Tunica both feature retail sportsbooks operated by FanDuel.
Betfair New Jersey
Betfair Casino has been operational in New Jersey since 2013, well before the Betfair-FanDuel merger. The site remains active today but has still not launched sports betting despite that being one of Betfair’s core business models even before the company ever breached the US market.
As far as sports betting goes, Betfair parent company Flutter Entertainment has opted to push forward under the FanDuel banner. This has been a wise decision in retrospect as FanDuel was able to capitalize on its existing DFS userbase in NJ to promote actual sports betting. Now, FanDuel is the most profitable NJ betting site by a longshot.
Betfair New York
Betfair US has a deal in place with Tioga Downs to operate a FanDuel-themed sportsbook and online betting if authorized by state law. New York law currently allows in-person betting only, but lawmakers have been pushing to legalize mobile betting as well.
In Pennsylvania, Betfair US has entered the market under the FanDuel brand in partnership with Valley Forge Casino Resort. A FanDuel Sportsbook at Valley Force opened in March 2019 and was followed by the launch of FanDuel’s mobile app in PA.
Betfair West Virginia
Betfair has a presence in West Virginia through a partnership between FanDuel and the Casino Club at the at the Greenbrier. The retail sportsbook and mobile betting app are both active in West Virginia today.
Betfair Exchange USA Review
Betfair Exchange is a unique type of betting site licensed in New Jersey that offers exchange betting on horse races. What makes Betfair different than every other betting site in the USA is that customers do not bet against the house; they are matched and bet against one another.
This means as a customer, you can bet for or against any horse in an upcoming race as long as another customer is willing to take the other side of your wager. You can select your own odds from wagers other players are offering or create your own bet and set the odds yourself. As long as someone else is willing to take a bet you have offered, your bet is on.
Under the exchange betting system, it is the free market that sets the odds and not the bookmaker. For instance, players who create wagers and set the odds too far in their own direction go unmatched when no one else is willing to take those odds. Eventually, a price equilibrium is reached in all markets and the odds tend to settle into a comfortable middle ground between bidders and askers.
If you have any experience trading on financial exchanges, you won’t have too much trouble settling in at Betfair. If your past experience is limited to traditional horse or sports betting, Betfair will take some getting used to. The best place for new players to start is to simply sign up and take bets that have been created by other customers. The Betfair system automatically organizes all markets so that you always get the best price possible for your wagers.
Betfair US has a nice and simple explanation of the concept here:
Pros and Cons of Exchange Betting
- Pro: You bet with other customers, not against the oddsmakers
- Con: Unlike parimutuel wagering, all prices are locked in when the bet is booked, which means you can miss out on value if a horse’s price spikes prior to running
- Pro: Locked-in prices can work in your favor if the odds on your horse shorten prior to running
- Con: Exchanges are not newbie-friendly – inexperienced bettors are usually better off with a traditional sportsbook
- Pro: Lower commissions than the “takeout” deducted from most parimutuel wagering pools
- Con: Betting exchanges require liquidity. If there are not many people interested in a certain market, you may have trouble finding a bet at odds you think are fair
- Pro: You can bet for (back) or against (lay) horses
- Con: You can find yourself on the hook for a large loss if you’re not careful when you lay a bet because you have to pay the winner of the bet if the horse you bet against wins the race
A Brief History of Betfair
Betfair is the original pioneer of exchange wagering, having launched the world’s first exchange betting site back in 1999. Over the subsequent years, Betfair Exchange grew to dominate the online betting market in the UK and would eventually become the world’s largest online betting exchange.
The company had long eyed the US market as a potential gold mine and finally established a significant foothold in the United States with the purchase of the TVG network in 2009. The TVG network still operates as a horse racing broadcasting and wagering entity under its own name but is fully owned by Betfair. TVG also owns and operates NJ-licensed horse racing site 4NJBets.
In 2013, Betfair made a second inroad into the US market after launching Betfair Casino in New Jersey. Betfair Casino is partnered with Golden Nugget Atlantic City and maintains a license in good standing with the NJ Division of Gaming Enforcement.
Betfair in turn is just a branch of the larger Paddy Power Betfair group., which was formed in 2016 when Betfair merged with Irish bookmaker Paddy Power. Paddy Power Betfair further entrenched itself in the US market when it acquired FanDuel, this time establishing itself as a major player in the daily fantasy and sports betting markets.
This brief background history is important to note because it provides some context for how Betfair Exchange currently operates and will operate in the US. Through its ownership of 4NJBets, Betfair was able to establish itself as the sole provider of legal horse racing in the state of New Jersey.
4NJBets and Betfair Exchange both operate exclusively in New Jersey but operate on separate websites and offer unique forms of betting. While 4NJ Bets offers traditional horse wagering, Betfair NJ offers exchange betting on horses.
Betfair Exchange US is limited strictly to the NJ horse racing market, but the company’s acquisition of FanDuel and its long history in exchange sports betting are all signs Betfair will likely introduce exchange sports betting in the US at some point For now, Betfair Exchange is strictly limited to horse racing in New Jersey.
Betfair Exchange Bonus
Although it is not prominently advertised on the Betfair website, the exchange does offer a welcome bonus of 100% up to $200 on your first deposit.
You can claim your bonus by signing up for an account and making a deposit of at least $25 within fifteen days of registering. Betfair will match your first deposit to give you up to $200 extra for use on the exchange.
The Betfair Exchange bonus comes with low wagering requirements of just 1x your deposit amount before withdrawal. This means if you deposit $100 and get a $100 bonus, all you have to do is place $100 worth of wagers before cashing out.
However, there are a few important terms to know. First, you must place at least three different wagers on three different races to clear the bonus. In other words, you can’t just place one big wager to clear the bonus all in one shot. Your wagering activity must be broken up across at least three different wagers.
Nothing bad happens if you do place a big wager while clearing the bonus; it simply won’t count towards your wagering requirement. Additionally, only wagers placed on horses to win at odds of 2.0 and greater count towards meeting the wagering requirements.
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Betfair NJ Horse Racing Betting Exchange
The one major disadvantage of Betfair NJ is that it is focused exclusively on horse racing betting. Betfair international runs exchange markets for all major sports for its customers in the UK and elsewhere, but US customers are limited strictly to horse racing until Betfair expands its model into other sports here in the USA.
Even when we restrict the confines of this review down to horse racing only, Betfair Exchange is still quite limited in terms of what it offers compared to other legal horse racing sites. Currently, Betfair Exchange only offers markets for win, place and show bets for upcoming races in addition to in-play wagering.
These options are limited by necessity because Betfair Exchange is only licensed in New Jersey and can only reach so many customers. Just like online poker, exchange betting needs liquidity in order to support the markets. Remember, if no one else is willing to take the opposite side of your wager, there will be no wager.
So, Betfair Exchange limits its options to just a handful of the most popular types of horse racing bets in order to funnel customers into those options and support functional markets. As Betfair expands its services into additional states, we can expect to see the site expand its wagering options as well – possibly to include sports betting.
In one sense, Betfair Exchange NJ is still an experiment at this point. New Jersey residents can use the site to try exchange betting and get a feel for it, but customers looking for exotics and other types of wagers, should consider 4NJBets for horse racing or a licensed betting site for sports.
Betfair charges a 12% commission on all winning wagers. This is more than the typical commission of about 5% charged to international customers due to Betfair US also needing to pay track fees and put money back into the NJ horse racing industry.
Early Cash Out
Betfair Exchange offers an early cash out option that can be used before or during races to lock in a profit or cut your losses. After you place a wager, Betfair tracks the live odds for that same market and keeps you constantly updated on current prices. At any before or during the race, you can hit the cash out option to prompt Betfair to send your wager to the exchange to trade out of your position.
Early cash out can be used to lock in your profits when you back a horse and then the odds shorten. For example, if you back a longshot at 20/1 and the horse gets off to a fast start and his odds shorten to 5/1 during the race, you can cash out to lock in your profit. Likewise, early cash out can be used to cut your losses when you back a horse and the races starts going against you.
There are two important things to know about Betfair early cash out. First, the option is only available on markets featuring the early cash out icon (a small yellow square with an orange dot in the middle).
Second, Betfair cannot guarantee the early cash out odds displayed on your screen. Cash out odds are based on current market odds, which are constantly fluctuating immediately before and during a race. What this means for you is you may receive better odds than indicated, your cash out may be unsuccessful or it may only be partially successful.
Again, we turn to a video from Betfair that explains the concept in simple terms:
Exchange Betting Simulator
If you still feel like you’re not fully comprehending how exchange betting works, don’t worry – you’re not alone. Betfair US has a handy exchange betting simulator that you can use for free (no signup required) to place simulated wagers on fictional horse races.
The Betfair simulator includes a simple graphic representation of a horse race along with a sample market involving four runners. You can use the simulator to practice making selections, laying horses and managing your risk when you do lay horses. Even if you are fairly confident you understand the general idea, it might not be a bad idea to take the simulator for a test run before jumping right in.
You can also tap any of the question mark icons scattered throughout the simulator for quick tips explaining how various features work. If a help icon doesn’t fully answer your question, you can check out the Betfair Exchange FAQ center for more information. Betfair is aware the product can be confusing and has put together a useful, detailed repository full of detailed answers to a wide range of questions.
Betfair Exchange Mobile App and Interface
Betfair is a simple online betting site whether you visit from your desktop or download the mobile app for iOS and Android devices. With the entire focus on horse racing, there really isn’t a whole lot to figure out when it comes to navigating through the various racetracks to find a race to bet on.
The homepage of the Betfair Exchange website presents a simple list of the next races to go off. If you don’t have a specific race or track in mind, you can just log in and see which races are set to happen soon. This is the best way to jump right into the action.
If you have a specific track or race in mind, you can visit the “Full Schedule” tab to view all of today’s and tomorrow’s races organized by country and track. Selecting any specific race will bring you to that race’s betting page where you’ll see the confirmed entries, current betting odds and market information such as how much money has been matched.
Betfair also provides Timeform information for every horse entered in the race. The Timeform data includes basic horse information such as age and trainer, recent results, form and more. The Timeform information isn’t super detailed, but it does serve as a nice starting point to get a handle on the various horses entered in the race.
Betfair mobile is arranged similarly except the homepage is elongated to show upcoming races near the top, a list of tracks in the middle and recent results further down. Again, selecting any race will take you to that race’s betting markets where you can select and manage your wagers.
Will Betfair Exchange Sports Betting Happen in the USA?
All indications are yes. Betfair international was formed with sports betting in mind and is now a leader in online betting in other countries. The current iteration of Betfair NJ is more of an exploratory effort right now rather than a finished product. In time, Betfair Exchange sports betting should come to the United States.
Beyond the company’s international operations, we have other reasons to believe Betfair US will get into sports betting sooner or later. One obvious indicator is Betfair itself has said it has plans to target the sports betting market in the United States.
In the months before the Supreme Court had even issued its ruling to overturn the sports betting ban, Paddy Power CEO of US Operations Kip Levin told Bloomberg the company would be ready to strike if the Supreme Court rules in a favorable way (which it did), even going so far as to potentially launch a dedicated sports betting TV channel.
Paddy Power Betfair also said in a financial report that it was watching the US situation closely and was “considering the appropriate way that we would participate in the market.” Clearly, Paddy Power Betfair has the US market in mind.
Then, there’s the deal Paddy Power Betfair struck with FanDuel in May of 2018 to merge their businesses. In a press release issued at the time, Betfair US said it would leverage its partnership with FanDuel and its existing TVG horse racing business to target the daily fantasy and sports betting markets in the US. FanDuel has since opened sportsbooks in New Jersey and West Virginia.
These developments make it clear Paddy Power Betfair is pursuing the sports betting market in the US. None of this guarantees Betfair will launch exchange sports betting in the USA, but logic stands to reason that a sports betting exchange is on the minds of company execs.
Betfair Exchange Deposit Methods
Betfair Exchange accepts a standard range of deposit methods that can be used to fund your account with credit, direct bank transfers and cash. One major deposit method missing from Betfair is any sort of e-wallet such as PayPal or Skrill.
Below is a brief overview of Betfair’s accepted deposit options.
- Credit and Debit Cards: Betfair Exchange accepts Visa and Mastercard. Customers may deposit up to $100,000 per month using this method.
- BetCash: BetCash is an online banking deposit method that transfers funds straight from your checking account to your Betfair account. You can deposit up to $2,000 per transaction, but Betfair does not impose a monthly limit on deposits. This is a solid option if your credit or debit card was declined.
- Bill Pay: Bill Pay uses your bank’s online bill pay feature to fund your account. If your bank supports online bill pay, you can add Betfair to your payment list and authorize deposits straight from your bank’s website without revealing your private information to Betfair.
- Check or Money Order: Call Betfair customer support for instructions on sending a check or money order to Betfair. Minimum deposit via this method is $10 and it takes 7-10 business days for the funds to show up in your account. The lengthy waiting period makes this deposit method more suitable as a last resort.
- Wire Transfer: Call Betfair to arrange a wire transfer – minimum deposit with this method is $1,000.
- PayNearMe: Use this deposit method to fund your account with cash. Select PayNearMe inside the Betfair cashier and choose an amount to deposit. You’ll be given a pay slip that you can take to the nearest 7-Eleven to pay with cash.
Betfair Exchange is a promising betting site, but it isn’t quite there due to being limited to horse racing betting and only covering a limited number of tracks in the US and Australia. We love the exchange betting concept, but Betfair US still has a long way to go (including introducing sports betting) before we’re ready to give this site two thumbs up.
However, even the current iteration of Betfair US does offer a unique experience for horse racing bettors. If you like to bet on horses, Betfair Exchange offers an experience unlike any other available in the United States. The ability to bet for and against individual horses is a major selling point that greatly expands your options when it comes to finding an edge.