Betfair Review & Rating US 2021
Is Betfair legal? Betfair is one of the oldest and most established betting operators on the global scene. But is Betfair safe? Having launched back in 1999, the bookie has become renowned around the globe as one of the go-to places for serious punters and casual bettors alike. Not surprisingly, the company has launched Betfair in USA as soon as the conditions were met for such a move.
In this review, we’ll focus on all the important aspects of this bookmaker, starting with its licensing and other legal stuff, over the betting offer and bonuses, to customers support, payment methods, and more. By the end of it, you should be able to create an informed decision about whether this bookie is the right choice for you. Oh, and of course, we’ll answer the age old question — ‘Is Betfair legal?’.
Betfair Pro and Con
- Fully licensed by New Jersey
- Set own odds via ExchangeWatch horse races live for free
- Nice welcome bonus with low wagering
- Variety of deposit methods
- Support via email, chat, and phone
- Only horse race betting available
- Betting platform feels outdated
- Live chat not available 24/7
The Betfair sign up offer features up to USD 200 in bonus cash for all new players. The way this Betfair bonus works is that the bookie will match any first deposit made by the user up to the maximum of USD 200. Players simply need to sign up, deposit, and make their first wager here.
Once the bet is settled, regardless of the outcome, the player will receive a 100 percent bonus matching the amount of their initial bet up to USD 200. Our Betfair sportsbook review found that the bonus comes with very low wagering of just one time the full amount, which is quite generous. To qualify towards wagering, at least three different bets need to be placed with odds of at least 2.00.
It is important to note that players have 15 days from the moment of joining the site to make their first deposit of at least USD 25 and place their first wager. Those who miss out on this deadline will forfeit their welcome bonus by default. It might still be possible to get the offer by asking the customer support but it is much easier to wait until you’re ready to deposit and only then make your account with the bookie.
Beyond the welcome offer, the Betfair sportsbook doesn’t offer much in terms of promotions. There aren’t too many Betfair bet of the day offers, odds’ boosters, or deposit bonuses for existing customers, at least not the ones players could count on. While there are occasional promos coinciding with big races and events, the bookie doesn’t feature any regular weekly or monthly promos. Otherwise, head over to the Pokerstars free spins no deposit bonus.
The betting platform itself is nothing out of this world. In fact, when compared to other bookies, it even feels and looks a bit outdated as it offers only basic features and the design is very simple without almost any additional elements to add color to the whole thing. The whole design could almost be described as boring.
However, from the functionality point of view, the site does what it needs to do quite well. Players will have no problem finding various Betfair horse races they want to bet on as everything is neatly organized according to countries and start times.
By clicking on a particular race, bettors can access a new window containing all the important information about runners, which should help them form their bets. There is the info about several last races so players can get a good idea about what to expect from a particular horse, which is especially important for newcomers who might not have as good of a grasp.
All in all, the platform could definitely do with some more visual details added to the mix. While the appearance may not be the most important factor, it is still quite important, especially for those new to sports betting who might make their decision about joining primarily based on how much they like the site at first glance.
Is Betfair safe for making deposits? The bookie accepts a great range of popular banking methods for both deposits and withdrawals. Thanks to this fact, players should have no problems with transactions to and from bookmaker and can enjoy their time on the platform more. Available banking methods include:
- Visa & MasterCard: Deposits up to USD 100,000 in a calendar month allowed
- BetCash – USD 2,000 per transaction, no monthly deposit limits and no fees involved
- Wire transfers – available for deposits of USD 1,000 or more
- Bill Pay
- Pay Near Me
- Money orders and checks
Here is an overview of all available payment methods:
Is Betfair legit for withdrawals? With a majority of these methods, money is immediately available in the player’s account and they can use it to place their wagers. This proves that there’s no Betfair scam. With some methods, though, such as wire transfers and Bill Pay, it may take a little while for the money to become available. This is especially true for Bill Pay as it can take several days for the funds to appear in the Betfair betting account. When using this method, bettors are advised to deposit well ahead of time so to make sure they’ll have funds available at the time they want to place their wagers.
Although it may be somewhat hard to find, Betfair Sports features a dedicated customer support team available to players via various contact methods. Punters can reach out via email, live chat, telephone, and social media networks such as Facebook and Twitter. Our Betfair sportsbook review found that the live chat agents are available between 9:00 AM and 2:00 AM EST, while phone operators are around between 10:00 AM and 8:00 PM ET. All of which shows that there’s no Betfair scam.
In general, support agents are quite friendly and try to do whatever they can to help players resolve their issues and continue enjoying their experience on the site. With so many contact options on offer, punters can choose the one they feel the most comfortable with, which is always a big plus for the operator.
It is worth noting that there is also a rich knowledge base players can access at all times. Here, the bookie has prepared many articles and videos explaining the ins and outs of Betfair Exchange. For those new to this type of betting, these resources are very valuable and can help them make their first bets with ease, avoiding any potential mistakes and pitfalls right at the start.
As you may have seen in our FanDuel scam, “Is BetAmerica legit?” and “Is TwinSpires reliable?” guides, checking the security and licensing is one of the most important parts of our reviewing process. So is Betfair legal in your state? When it comes to safety, Betfair NJ is one of the safest and fairest betting sites around. Since it operates on the exchange model, punters aren’t actually playing against the house. Instead, everyone’s free to set their own odds and then other users can decide for themselves if they like them and place bets or choose set their own lines.
Is Betfair legal in terms of online gambling regulation? The bookie also complies with all relevant laws and regulations. This shows that there’s no kind of Betfair scam. So is Betfair safe? Players can rest assured their money and personal information is kept safe and protected at all times. But is Betfair legit? Betfair owns a license in the following states, so playing in these states is 100% legal:
Do be aware that many offshore operators will claim to be legitimate across the US and some are better than others in fairness. However, when we were asked recently is GTbets casino a scam, we took a deeper look. Despite advertising widely across the US, GTbets does not hold a license in any US state and is therefore not legal. In addition, although it is not a scam, there are certain things about it that make it highly undesirable.
If you’re looking for even more rewards in addition to a generous welcome bonus offer, then Betfair may be the place for you. For example, US sports punters have the opportunity to refer a friend to the betting site and earn a $10 reward to use on Betfair. On top of that, any Betfair customer can take advantage of this reward five times, meaning that there’s $50 up for grabs. Pretty good, right?
On Betfair’s site, there’s also an ‘exchange’ option, where customers can opt in to receiving notifications from the bookie. This way, Betfair will send customized marketing communications and exciting, exclusive offers to make the most of. If you’re looking to take advantage of regular promotions, this is definitely a beneficial option.
So is Betfair legal? As already mentioned in this review, Betfair USA features several interesting options such as the ability to watch horse races on the site and resources to help new players get started with the exchange system while avoiding early mistakes. Be sure to apply our best betting strategies when you enter the Betfair sportsbook!
However, for those looking for some additional action, there is also a casino section that you can easily access and start playing all sorts of video slots, table games, and much more. You can easily use your existing funds in the casino section so if you feel like chasing a Betfair jackpot on one of their slots or would like to try your luck playing roulette, it will only take you a couple of minutes.
Like the betting site, the online casino is also fully licensed in the state of New Jersey so there is nothing that players need to worry about. Everything is completely legal and regulated and all games are thoroughly tested and verified.