Below is a list of bonus codes that have been confirmed valid and available for all Betfair products. T&Cs Apply. Follow each respective link for full details:
|Product||Bonus Description||Promo Code|
|Betfair Sport||Bet £250 Get £100 BonusNew Customer offer. Place 5 x £10 or more bets to receive £20 in free bets. Repeat up to 5 times to receive maximum £100 bonus. Min odds 1/2 (1.5). Exchange bets excluded. T&Cs apply||ZBBC01|
|Betfair Exchange||£20 Risk Free Exchange BetNew customers only, bet at least £20 on the Exchange and if your first bet loses, we’ll refund you £20 in Cash. Bet must be placed in first 7 days of account opening. Full T&Cs Apply||VAL222|
|Betfair Casino||30 Free Spins (No Wagering)Winnings from free spins paid as cash. Free spins expire 7 days after acceptance. New Casino players from UK & Ireland only. SMS verification required. T&Cs apply. By taking part in this promotion, you agree with our Terms & Conditions.||CAS240|
|Betfair Casino||100% Up To £100Minimum deposit of £10, x45 wagering, Roulette and blackjack 50% weighting. Bonus Valid for 7 days. Not available to customers using Moneybookers/Skrill or Neteller as a payment method.||CASW01|
|Betfair Live Casino||100% Up To £100Minimum deposit of £10, x45 wagering, Roulette and blackjack 50% weighting. Bonus Valid for 7 days. Not available to customers using Moneybookers/Skrill or Neteller as a payment method. Full Terms & Conditions apply.||CASLI2|
|Betfair Poker||Get a Free SpinSign up, create poker nickname and click through displayed free spin message. Deposit/transfer minimum of £10 into the Poker wallet & opt in to unlock missions. See full T&Cs below.||PKRREG2|
|Betfair Bingo||Bet £10 Get £50 + 30 SpinsKey terms: Registration code: BIN050. Bet £10 on Bingo tickets (slots wagering will not count) to receive a £40 Bingo Bonus (x2 wagering), £10 Slots Bonus (x10 wagering) + 30 Free Spins on Dragon’s Luck. Available 30 days from registration to Betfair. SMS verification required for free spins. No wagering on free spins winnings. T&Cs apply.||BIN050|
How to qualify for a Betfair product offer.
The bet £250 Get £100 extra offer is available to new Betfair customers. To qualify, you can open an account using the promo code ZBBC01. Place 5 bets of a minimum amount of £10 on any Sportsbook market with minimum odds of 1.5 (1/2) and Betfair will then give you a £10 in free bet within 24 hours of your qualifying bets being accepted. This process can be repeated up to 5 times. Your account must be registered in the UK or Ireland to be eligible. You must make your deposit using cards or ApplePay within 30 days of opening your account. You must use your free bet within 30 days on any bet on the Sportsbook (Fixed Odds) market at odds of at least 1.5 (1/2). You can split the free bet and use it at different times as long as you use it before it expires. Free bet stakes are not returned with winnings from your free bet. Read full terms here.
|Minimum Rollover:||1x Deposit|
|Free Bet Expiry:||30 Days|
|Minimum Odds:||1.5 (1/2)|
|New Customers Only?||Yes|
The following offers are available to new customers that download and install one of the mobile apps. The top offers change frequently and are usually only promoted in-app so be sure to check all areas prior to signing up.
Follow each bookmaker link to find the latest bonus codes and offers available alongside key terms and conditions.
Betfair launched in 2000. The brainchild of entrepreneurs Andrew Black and Edward Wray, it was the worlds first Internet betting exchange. 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. A fact they underlined with publicity stunts, such as parading through the streets of London carrying coffins proclaiming "The Death of the Bookmaker".
After being turned down for investment Black used his savings to launch the company, along with an investment of £1m from Black and Wrays family and friends. Although other online betting exchanges launched around the same time, Betfairs approach differed in operating more along the lines of a financial exchange. Instead of allowing only single bets it also allowed, among other things, multiple small bets to cover a position offered by someone who wished to place a large stake on a wager.
Despite stiff competition in the early years, Betfair dominated the market. After acquiring their competitor Flutter.com in 2001, they soon owned more than 90% of the bet exchange market share.
Betfair claims to have over 4 million users and a turnover of over £50 million a week. It also claims that users can get an average of 20% better odds by betting on the site than by going through a traditional bookmaker. Betfair makes money by charging 2-5% commission on all winning bets placed through the site. Since 2008 they also levy premium charges on some customers if their total charges paid amount to less than 20% of their gross profits on the site, although Betfair estimate these charges affect less than 0.5% of customers.
Betfair's history is not without controversy. Their in-play betting system on horse racing drew concerns that broadcast delays of up to 5 seconds may allow companies using software that places high-speed automated bets to gain an advantage using courtside information that would not yet be available to regular customers. The bet exchange model has also attracted extensive criticism from traditional bookmakers who claim that it has increased gambling related corruption within sports. Betfair counter this claim by pointing out they keep personal records on all gamblers and have information sharing systems in place with a variety of sports bodies to ensure that suspicious betting patterns are fully investigated.
Betfair is part of a small group of companies to have won the Queen's Award for Enterprise multiple times. In 2003 they received the Queen's Award for Innovation and again in 2008 the Queen's Award for International Trade as over half of its customers now come from outside of the UK.
In October 2010 Betfair floated on the Stock Exchange with a share price of £13 that valued the company at around £1.4billion. In 2015 a merger between Paddy Power and Betfair was announced. The new entity Paddy Power Betfair maintains separate brands in the UK, Ireland and Italy.
Today Betfair offers not only an internet betting exchange, but a full range of online betting and gaming, including a live casino, online poker and bet exchange innovations such as Price Rush, where gamblers can get better odds if there are better offers on the exchange, and Cash Out, which allows customers to cut their losses by withdrawing part of their stake at any time.