Betfair is the largest online betting and online exchange betting in the world. It was founded in 2000 and is based in Hammersmith in West London, England with over 3 million clients and over £50m/week in money transactions.
Betfair Horse Racing Betting
As a UK based betting venture and much like every UK based betting company, Betfair is very dedicated to the field of horse racing and horse racing betting and also presents a new approach to horse racing betting, the lay bet. Betfair horse racing betting section allows punters to bet on odds suggested by another punter rather than a bookmaker. A punter can choose to either back a selection (bet on it to win) or place a lay bet (bet on a selection to lose). Since punters bet amongst and against themselves with no middle man in the form of a bookie or racebook, Betfair horse racing betting section is able on offering higher odds than standard odds in the horse racing betting industry. For example the odds on a horse in a race can be 5/1 in industry standards whereas Betfair would offer betting on the same horse at 13/2 or even 6/1. Though raising a bit of controversy, the lay bets and the favorable odds played their role in setting Betfair as the strongest betting market.
Free Betfair Horse Racing Betting
Like any other sports betting site which hold respect for its operation and clients, Betfair offers free horse racing betting bonuses for new time horse racing players, rewarding them with a free horse racing betting bonus, or first deposit match up. Betfair free horse racing betting is given once a horse racing player has placed a bet of up to but lost the all bets. In such case, the players account is credited with a free Betfair horse racing betting bonus of up to £25. Not only Betfair is a betting community which eliminates traditional bookmakers, sets higher odds and lets players bet against each other and place laying bets, it also awards free horse racing betting money, which probably joins all the factors preceding it, turning Betfair into the best sports betting site in the world.