Betfair, the world’s biggest betting exchanges was established in August 1999 by Edward Wray and Andrew Black. All bets on Betfair are placed by the sports wager who either want to back a selection to win, else want to place a selection to lose.
The ranges of odds that Betfair offers are better and economical than any other bookmakers. They claim their bets as 20 per cent better than any others site’s offer. On the top of this Betfair offers an extra 5 per cent commission on all winning bets. Betfair struggled for years for fulfilling the ambition of being a part of the gaming industry.
The only thing that makes Betfair so fascinating is their wide coverage range selection of sports is the widest selection of the entire bookmaker in Europe, UK, and even the world. Thus the sports include; Athletics, American Football, Boxing, Australian Rules Football, Baseball, Bandy, Chess, Basketball, Combat Sports, Cricket, Gaelic Games, Cycling, Golf, Greyhound Racing, Darts, Handball, Rugby League, Horse Racing, Ice Hockey, Rowing, Rugby Union, Tennis, Volleyball, Snooker, Water Polo, Football Winter Sports.
Obviously these sports you can get live in-sport betting. But through the live event Betfair, the punters here get the opportunity to swap or trade their wager. Just a bit of time is required to getting used to with the system.