Betfair Review 2024
5.0 rating
Betfair Review 2024

Australian sportsbooks

Bet on Betfair
T&C apply.
au Tested & verified 23 May 2024 121 copies this week

Betfair overview

Betfair is one of my favourite betting sites and apps in 2024.

Though it loses some of what’s available back in the UK where it started, Betfair in Australia is very comprehensive.

I love the free app and the better odds, though I’d like to see more withdrawal options. My Betfair review aims to give you all the info you need.

Most promos and codes aren’t allowed. With that in mind, Betfair can’t offer inducements but they do offer tons of their own products for everyone which makes them unique versus other major brands.

You can probably already see that there is plenty on offer at Betfair. Whether you’re using the exchange or their fixed odds, there’s plenty to recommend this brand to sports betting punters in Australia.

Top features

  • Live betting
  • Live streaming
  • Cash out
  • Accumulators (& multis)
  • Free mobile app

Rating

  • Bonuses & promotions
    0.0 rating
  • Security & trust
    5.0 rating
  • Betting market variety
    5.0 rating
  • Mobile app
    4.0 rating
  • Payout speed
    3.5 rating
  • Customer support
    4.0 rating
Payment Methods:  
visa mastercard paypal bank-transfer

Betfair Review 2024: Feature & Mobile App Overview

In my Betfair review for 2024, I aim to show you all the things, both good and bad, offered by this betting brand in Australia. Take a look at the brand’s bonuses, mobile betting, payment options, customer service, and choice of betting markets.

We check every detail of every brand we review. That’s why you can trust us to tell you the truth. Here are Betfair Australia’s main pros and cons:

Strengths
Weaknesses

✅ Choice of fixed odds and exchanges

❌ Fellow punters may not want to bet against you on the exchange

✅ Lots of betting markets

❌ No live chat available for customer service

✅ Free app available

❌ Commission charged on exchange bets

✅ In-play betting and live odds

❌ No casino (in Australia)

Betfair history – the UK and beyond

In terms of the online sports betting era, Betfair is one of the oldest and best-recognised brands around. They began life in the UK as the first betting exchange way back in 2000. Betfair Australia was launched in 2005.

Betfair Limited is registered in Birmingham, England. They are owned these days by Flutter Entertainment, headquartered in Dublin, Ireland.

The brand is famous for its Betfair Exchange where customers can essentially bet against each other rather than with a bookie. Nowadays, however, there is also a fixed odds platform available with them.

Their reputation is stellar. Known as a top horse racing and football betting platform, something we agree with in our Betfair sportsbook review, this brand has added plenty of features for players over the years.

betfair review australia - sports betting, racing, app, offers

Where is Betfair legal?

In addition to being legal in all Australian territories, our Betfair review found plenty of available territories if you are someone who travels. Though started in Britain, Betfair is now available in places such as:

  • Australia
  • Belgium
  • Brazil
  • Central Europe (including Italy, Switzerland and others)
  • Germany
  • Iceland
  • Ireland
  • Netherlands
  • New Zealand
  • Russia
  • Saudi Arabia
  • Scandinavia
  • Spain
  • Thailand
  • United-Kingdom
  • United States of America (certain states including New Jersey)

Betfair bonuses & promotions in May 2024

There are no betfair promo codes or referrals are now allowed. Instead, there are other features and products available as found during the Betfair review 2024.

Betfair sign-up offer

No inducements are allowed in Australia, so no welcome offer is available.

We do have a page on Betfair bonuses which explains everything players need to know.

Betfair loyalty program

The whole point of Betfair is the better odds, or perceived better odds.

As an exchange, you will pay a commission on winning bets but still the prices are better. They also offer better odds on many, many markets but they don’t offer a specific loyalty program.

Betfair promotions & offers for existing customers

Betfair isn’t the place for promo features as such. Any they do offer will be available in our dedicated pages on the subject. What they offer instead is a bunch of special features such as:

  • Back or lay. As an exchange, Betfair allows you to bet on a selection or become the bookie and bet against it.
  • In-play betting. Betfair live is very popular and includes live bets, streaming and other products.
  • Betfair Hub. This is where you get stats and tips on upcoming events.
  • Betfair app. Bet on the move with Betfair’s free app for iOS and Android.
  • Multi betting. You can combine top Aussie sports events with those from overseas.

australia betting hub for betfair betting tips

Safety & trustworthiness

I gave this section a top-of-the-class 10/10 during the Betfair review 2024. There are simply no security, safety or trust issues with this brand or any of those owned by Flutter.

Betfair uses top SSL encryption to keep its data safe – and yours. There are no worries about your financial and personal data here and no major breaches have been detected.

Though reviews are always lower on Trustpilot, which they are with Betfair, those using the app via Google Play and the App Store rate the brand very highly indeed. Low reviews tend to come from someone who has lost money or not got what they wanted which we keep in mind.

Brands as big as Betfair cannot afford bad security. I find during my Betfair review that they remain solid, have great encryption, have an up-to-date privacy policy and are fully licensed and regulated.

Betfair license – is it a legal operator in AU?

As you’d expect from one of the top betting sites in Australia, Betfair’s license is fully up to date.

Always bet with a fully licensed and regulated bookmaker. We always check on this too. Being licensed and regulated means the bookie cannot just decide to change odds or not pay you out.

Customers are protected with a properly licensed app or site. Betfair is regulated by the British Gambling Commission among other organisations.

Their Australian license was granted by the Northern Territory Government of Australia, though the brand is also regulated by these organisations among others:

  • Gambling Commission – UK
  • Malta Gaming Authority
  • Danish Gambling Authority
  • Spelinspektionen – Sweden
  • Agenzia delle Dogane e dei Monopoli – Italy
  • Direccion General de Ordenacion del Juego – Spain

Betfair reviews – external sources

As well as conducting my own Betfair review 2024, it’s always good to see what current users think.

Those downloading the apps or using the main site can do their own Betfair sportsbook review or Betfair casino review.

We do keep in mind here that many times, customer reviews can be more negative. This is due to the fact that people often like to vent when something has gone wrong.

That doesn’t make their opinions less valid however, including these examples from a few external reviews:

Review source
Positive reviews
Negative reviews

TrustPilot

👍 “Excellent service from the staff I spoke to.

👎 “Make u laugh, block you when u losing.

Google Play Store

👍 “Consistently best prices in the market great software. My no 1 bookie.

👎 The improvements include removing useful features like the price/time charts, slowing it down.”

Apple Store

👍 “So far I’ve found the Betfair app relatively easy to navigate.

👎 “If it's not broken don't try and fix it!

Betfair markets to bet on

The Betfair review began with a 10/10 on betting markets. They could hardly add any more.

Betfair worldwide offers fixed odds and exchange markets on just about anything and everything. Within each sport, you find different events. Behind that, many other ‘spot’ bets sometimes running into the hundreds for each game or event.

back and lay betting on betfair australia exchange feature

Generally speaking, Betfair is seen as one of the most comprehensive betting platforms it is possible to use. We have more detail on what sports they offer and what sports they specialise in below.

Sports betting markets

This is Betfair’s specialty. Though there is a huge concentration on football (soccer) and horse racing, Betfair offers so much more.

These are the sports you can find various markets on with Betfair in Australia:

Bet365 Betting Market
🏈 American football⚽ Soccer⛳️ Golf
🥊 Boxing🏒 Ice hockey🏀 Basketball
🏓 Table Tennis⚾ Baseball🎯 Darts
🏉 Rugby🤼 UFC/MMA🏇 Horse racing

This is an excellent selection. Remember, within each sport/match/event there are tons of individual bets to choose from.

Odds tend to be fair and it’s easy to compare them with other online betting sites.

Horse racing betting

Betfair really began as a way for British horse racing punters to get better odds.

With the major bookmakers by 2000 taking a stranglehold on the markets, the Betfair exchange was a way for punters to back and lay, betting against each other’s opinions to get more value.

Horse racing is still at the heart of what Betfair does, even worldwide. If you love horses, not just major events such as the Cox Plate or the Melbourne Cup, this is the place to come.

horse racing bets on betfair australia

On the dedicated racing page, you will see AU, NZ, and INT. These are the sections for Aussie, Kiwi, and international racing.

There are plenty of markets available to bet on and, once again, very competitive odds. Bets are usually settled instantly and some live streaming is even included.

Soccer betting

Soccer is very important to Betfair, along with racing. Odds are favourable in comparison with lots of major brands and you can bet on thousands of football matches each week.

Markets are offered on all the major leagues and cups, as well as dozens of worldwide leagues. Again, live streaming, live in-play and mobile betting on football is huge with Betfair.

Football bets to place today on betfair australia

Casino games – just not for Aussies

Betfair is known as a casino brand these days as well as a sports betting brand.

If you’re on your travels then this is something you can join in on, but it’s not available right now in Australia.

Betfair mobile app review – Apple and Android

Again, when I review Betfair I’m not disappointed with the mobile offering. True, you’ll see a bigger platform if using the brand in the UK or Ireland but betting on the move in Australia is still a good experience with them.

betfair app mobile betting australia

I gave them an 8/10 for mobile betting, based primarily on the easy-to-use free app.

You can bet on the mobile website, though the app is free to download and is seen as more convenient for most people. Some of the app’s top features include:

  • It’s free to download
  • It’s easy to use
  • It makes betting markets clear
  • It has a simple layout
  • It offers all features including payments, markets, exchange and more

As you can see, the app is pretty slick-looking.

We always conduct thorough reviews ourselves, from an expert sports betting point of view. It’s always interesting however to see what punters think so we also check out Trustpilot, the App Store and other places as I did during the latest Betfair review.

Review source
Rating
Number of reviews

Google Play Store

4.5/5

16k

Apple Store

4.7/5

95k

Trustpilot

2.9/5

2k

How to download the Betfair app on your iOS device

If you’re using an iPhone or iPad to download the Betfair app, follow these simple steps to get going:

  1. On your iOS device, go to the App Store app.
  2. In the search bar, type in “Betfair”. You can see how people review Betfair before downloading.
  3. Tap “Get”. There is no fee to be taken.
  4. Double-click on the side of your iPhone (or the top of your iPad). This will verify your ID and download the app for free.

How to download Betfair on an Android

It is also completely free to get the Betfair app on an Android device, this time following these steps:

  1. Using your Android phone or tablet, head to the Google Play Store.
  2. Search for “Betfair”.
  3. Select the Betfair app, reading a Betfair casino review or Betfair sportsbook review if you wish.
  4. Tap on “Install”. There is no fee for downloading.
  5. Follow the on-screen instructions. Your app will appear on your device.

Betfair review of available banking options

I’d expect this worldwide brand to make things easy for its players in terms of banking methods. In fairness, I did find several options during the Betfair review 2024.

Deposit methods – speedy deposits

Deposits are easy at Betfair. You can play cheaply from $5 and use any of these methods to load your account immediately:

Deposit methods
Fees
Min. deposit (AUD)
Max. deposit (AUD)
Processing time
Mastercard
Free

$5

N/A

Instant

Visa

Free

$5

N/A

Instant

PayPal

Free

$5

N/A

Instant

POLi

Free

$5

N/A

Instant

Bpay

Free

$5

N/A

Instant

Bank transfer

Free

$5

N/A

Instant

Skrill*

Free

$5

N/A

Instant

Neteller

Free

$5

N/A

Instant

*It’s worth remembering that although I found no charges in making my Betfair review, some e-wallets might charge you extra. You'll need to check your e-wallet account for exact details. 

Withdrawal methods – extremely limited

I had hoped to see the same number of withdrawal methods available during the Betfair sportsbook review, but as is the case with some other brands this is limited to bank transfer.

Withdrawal methods
Fees
Min. withdrawal (AUD)
Max. withdrawal (AUD)
Processing time
Bank transfer
Free

$10

None

1-7 days

I’d like to have seen more methods here, but at least any cashing out you do hits your bank. The brand gives itself a week, but in truth you are likely to see the money hit your account sooner than that.

Betfair customer support – solid but missing a chatbot

I gave the brand a solid 8/10 in the Betfair review for customer service.

Firstly, their operatives are very knowledgeable and offer terrific service. They will always be able to help out. If you give Betfair a call or wait for an email acknowledgement you’ll find this out.

So, why not 10/10? Well, there’s no live chat system which would always be my preference. With live chat you can get answers in writing, but also in real time.

Calling seems inconvenient these days and a reply to an email or X message may take a while. Still, the team is solid and will always look to resolve your situation.

  • Contact Betfair using these methods:
    • 📱 Phone: 1300 238 324
    • ✉️ Email: service(@)betfair.com.au
    • 🐦 Twitter (X): @Betfair_Aus
    • 💬 Live chat: N/A

Responsible gambling in Australia

My sports betting and Betfair casino review did find an up-to-date responsible gambling policy. It is always important to keep your mental health in mind and that means betting the right way, always.

If you are struggling and do need to seek help you can get free, confidential support at www.gamblinghelponline.org.au or by calling 1800 858 858 any time.


Avatar of Gary Christie
Gary Christie

For more than 20 years now, Gary has been immersed in the worlds of football, horse racing and general sports betting. Gary's expertise has led to some crucial contributions to written sporting content in territories such as Australia, the UK, Europe, South Africa and North America.

Betfair Review 2024 FAQ

Yes, Betfair is a legal betting operator in Australia, licensed by the Northern Territory Government of Australia.

Betfair is a very trustworthy brand. There are almost 2500 reviews on Trustpilot with the brand verified.

Yes. Betfair Australia is available for both fixed odds and exchange customers.

All customers must be aged 18 or over to bet with any Australian betting site, including Betfair.

Your identity may need to be verified by Betfair. Uploading documents is very easy on the site using a passport, driving license or other photo ID.