Betfair is amongst the main online wagering exchanges worldwide, with well over 3 million users and a turnover of roughly £200 million per month. Betfair is a unique online gaming provider, because all prices are based on members betting against each other over a number of different sports. Because of this, users are often able to get higher odds than they would do at a traditional bookie.

Members who open a new account are entitled to obtain the Betfair bonus promotion. Under the terms of this offer, if a new customer is unlucky and manages to lose money in their first 30 days, their money will be returned. However, the customer can keep any money that they win. This risk free package means that learning to use the exchange will never carry any financial risk.

The standard Betfair free bet package is £25. However, an increased £30 Betfair free bet is available, as long as you know where to look.

Betfair users are also able to place a lay bet, which is a bet that something won't happen. Although this may be something new to many members, these bets mean that in effect the user can behave just like a sportsbook. You cannot place lay bets anywhere other than at betting exchanges. Traditional sportsbooks only take back bets,

Betfair has a well designed and easy to understand website that is attractive to both new and existing clients. The site has simple navigation controls which can be learned easily. On the left hand side of each page, the main sport categories are listed. The sports page also displays the most popular sports with live odds down the centre of the page.

The live in-play wagering box is among the best features of the Betfair website. It is easy to identify because it is highlighted in a different color to the rest of the screen. This box shows events that are happening live around the world. One click on the shown event will take the user to a page that details the various markets for that particular event.

A live video service, to accompany the live gaming, is offered to all clients. The live video tab can be found near the list of sports and opens a separate window. This window provides a small screen and a huge list of events where a customer can watch the action taking place.

Betfair allows clients full control over their account but places restrictions on first deposit amounts. What this means is people can set limits and not spend more than they are able to easily afford.

At the base of every screen, Betfair displays essential details associated with terms and conditions, which the user needs to be aware of when gaming in any particular market.

Before I finish, I should also discuss Betfair's customer service, as this is an element that is important to a lot of people. Customers can easily access detailed information on general help topics, the company itself, and sensible betting. This is reached via tabs on the website which open a new window that contains the information asked for. Alternatively, if users want to speak directly to a member of support staff, the internet site provides contact details to allow this.