The bet exchange model has attracted criticism from traditional bookmakers who claim that it has increased gambling-related corruption within sports. After acquiring their competitor in 2001, they soon owned more than 90% of the betting exchange market share. A fact they underlined with publicity stunts, such as parading through the streets of London carrying coffins proclaiming 'The Death of the Bookmaker'.ĭespite stiff competition in the early years, Betfair dominated the market. Betting exchanges take a different approach to traditional betting sites by cutting out the bookmaker and allowing customers to bet directly against each other and Betfair was set to revolutionise the gambling industry. The top offers change frequently and are usually only promoted in-app so be sure to check all areas prior to signing up.īetfair was launched in 2000 by entrepreneurs Andrew Black and Edward Wray and was the worlds first Internet betting exchange. The following offers are available to new customers that download and install one of the mobile apps. Stakes are not returned with any winnings. Your free bet can be used to place bets within 30 days.Despite bad luck on your first bet there is still an opportunity to make a profit on your account.Your £10 bet qualifies you for a £10 of free bet builder.This leaves your account balance at zero.

Place a losing bet of £10 on Serena Williams to win at Wimbledon at odds of 6/4.

You can repeat this process a further 2 times to earn up to £30 in free Bet Builders, regardless of whether your initial bet wins or loses.

For example, a £10 bet at 2/1 would return £20 (£10 * 2).

Stakes are not returned with any winnings using your free bet balance.

Your account balance can be withdrawn at any time, excluding the free bet value.

Your first £10 bet unlocks the first part of the offer and you will be credited £10 in free bet builders.

Your account balance will be showing a balance of £50.

Place a winning bet of £10 on a Premier League game at odds of 4/1.

Betfair casino promo code