Betfair Exchange
Best Odds in EuropeBet against other punters — better odds than any traditional bookie
Bet £10, Get £50 in Free Bets
ZBBC0118+. New UK customers only. Code ZBBC01. Bet £10 at minimum odds 2.0. Get £50 in free bets (sportsbook only, not exchange). T&Cs apply.
1-5 business days
$10
UKGC
£50
Our Verdict
Betfair Exchange pioneered peer-to-peer sports betting in 1999 — bet £10 and get £50 in free bets, plus consistently better odds than traditional bookmakers and the ability to lay any selection.
Pros
- Betting Exchange — lay bets and back against the market
- Consistently better odds than traditional bookmakers
- No betting limits — bet whatever you want
- In-play betting faster than any traditional book
- Lay betting — profit when selections lose
- Licensed across all major European markets
Cons
- Commission on winning exchange bets (typical 5%)
- Exchange concept takes time to learn for beginners
Betfair Exchange — Full Review
Betfair Exchange changed sports betting forever when it launched in 1999. The concept is simple but revolutionary: instead of betting against a bookmaker, you bet against other Betfair users. This peer-to-peer model eliminates the bookmaker's built-in margin, resulting in consistently better odds for backers.
The current welcome offer is bet £10 at minimum odds 2.0, and receive £50 in free bets (use code ZBBC01). Note: free bets can only be used on the Betfair Sportsbook, not on the Exchange itself.
The exchange model also enables lay betting — you can bet that something will NOT happen. Lay a horse to not win, lay a football team to not score, lay a player to not win the match. This unlocks trading strategies unavailable at traditional bookmakers.
For serious bettors, Betfair's advantage is substantial. On typical Premier League match odds, Betfair's exchange prices are 5-15% better than a traditional bookmaker. Over a season, that adds up to significant value.
There are no account restrictions on the exchange — you can bet whatever the market will take. Winning bettors aren't penalised as they are at many traditional bookmakers. The in-play markets update faster than anywhere else.
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Betfair Exchange — verified player ratings