£25 Cashback offer
1) Sign up with Betfair by clicking this link (put in CJ tracking link) and
follow the 'join now' link from the home page
2) Enter 'FTB125' in the 'Refer a friend code / promotion reference'
box
3) Register a valid debit or credit card to make deposits (min £10)
and withdraw your winnings
4) Bet at least £25 in one bet or a series of bets on any event.
You'll receive a free £25 within 48hs, win or lose!
Terms and Conditions apply
You can bet that an outcome will happen (back) or that it won't happen (LAY).
You can choose the odds you want to play at
You can bet whilst the game is in play.
Back or lay?
When you "back" a selection (be it an individual, a team, horse, dog or other), you are betting that it will win. This is just like betting with conventional bookies.
When you "lay" it, you are betting against it winning. For example, if you're betting in a market on which team is going to win the Premiership and you lay Man Utd, you offer odds to other punters who wish to back Man Utd. If Man Utd don't win, then you pick up the backer's stake. If Man Utd wins, then you pay out. This is what
bookmakers traditionally do.
You never know who you are betting against, your privacy and the confidentiality of your bets is maintained by
Betfair
's secure site.
Choose odds
With
Betfair
there is always a choice of what odds to accept. If you want better odds than are currently available, you can place an order for a better price, but be realistic because there has to be somebody prepared to lay the bet at those odds, and vice versa.
Take a look at the odds before a game and you will see them change as visitors back and lay their bets. The odds often improve nearer to the off, as there are more people in the market.
Commission
You do not pay tax at
Betfair
and commission is only paid on your net winnings on each market. This is particularly beneficial if you have multiple bets on a single market such as the Premiership Winner market. Some of your bets may win, some may lose, however you only pay commission on your NET winnings. If your bets in a particular market amount to a net loss, you
do not pay commission.
We offer a customer incentive scheme. Your Commission rate is set according to how much you use
Betfair
.
Fees for transferring funds to and from
Betfair
To reflect
Betfair
's own charges, there is a 1.5% fee for all credit card deposits. There is NO fee for UK debit card deposits or withdrawals to any card. Deposits and withdrawals can also be made by cheque and bank transfer - there is a small fee for bank transfer withdrawals only. These fees are made by our bank and are not retained by
Betfair
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