Betfair is the trading name of Betfair Limited, which was founded in August 1999 by Andrew "Bert" Black and Edward Wray.
Unlike fixed odds bookmakers such as William Hill, Ladbrokes and Coral, betfair is a betting exchange, allowing customers to choose whether to back a selection or instead effectively act as the bookmaker themself and lay a selection instead.
The first ever sporting market traded on betfair was the 2000 Oaks and, in the space of nine years, betfair has become the world's biggest betting exchange and effectively revolutionised the betting industry in the process.
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Summary Review - Betfair
There are so many things to get excited about if you're a betfair customer. The In-Play service offered, especially for horse racing, simply can't be bettered by fixed-odds bookmakers due to trader limitations. You'll generally get bigger odds on your football and racing selections and nothing beats the thrill of laying an odds-on selection and seeing it beaten. It takes a while to get one's head around the concept of a betting exchange but using betfair is such a rewarding experience.
Read the full betfair review
| Name | Betfair.com |
| Web site | Betfair.com |
| Established | 1999 |
| Country | United Kingdom |
| support@ betfair.com | |
| Telephone | +44 20 8834 8060 |
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