Betfair is a unique online gambling platform that was founded in 2000 in the United Kingdom. It is best known for its innovative betting exchange – a system where users bet against each other instead of the house. This often gives players better odds than traditional bookmakers.
In addition to the exchange, Betfair also offers a classic bookmaker section, similar to other gambling sites, where you can bet on football, horse racing, tennis, Formula 1 and more. There is also an extensive live betting offer and a casino with slots, table games and live dealers.
However, the Betfair Exchange remains the flagship: users can place or accept bets themselves, and bet both before and during sporting events. You can also place “lay” bets – that is, bets on something not happening (for example: “Team A will not win”).
