Betfair is one of the most prominent brands in the online gambling industry. This site has been around for two decades and so far has collected more than 5 million bettors. So, it is not an exaggeration to say that Betfair is the largest online betting exchange platform on the web.
This brand was launched in 1999 by Andrew Black and Ed Wray. At that time, Betfair was the first site to introduce the idea of matched betting and many other innovations like live bets, cashout feature, live streaming, and other features that are now available on all sports betting sites! In September 2015, Betfair merged with one of its biggest competitors, the Irish betting company Paddy Power. This deal allowed the company to expand into the Irish market and reach other markets, such as the USA and Australia. However, Betfair and Buddy Power still work as separate brands!
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Betfair has licenses in many countries and jurisdictions, including:
- The UK
Furthermore, Betfair is one of the very few sites which carry the New Jersey state license to offer horse racing betting options.
Pros of Betfair
There are a lot of perks to love in Betfair. Sports bettors will find a plethora of sports with in-depth coverage for championships and betting markets. You can enjoy a huge selection of betting options on this site, including handicaps, sides, totals, money lines, specials, futures, and outright bets!
The first product on this site is the exchange of bets. Instead of betting against the house, you will bet against other punters. When a player wins a bet, part of his winnings will go to the site, called the “profit margin”. Many players prefer betting this way because it gives them more profit than betting against the house.
Cons of Betfair
Although you might think that Betfair’s flaws will not be a big deal since the company enjoys a strong presence in the global arena, this is unfortunately not true! Many negative aspects of this site may keep the users away from it!
First, many past accidents significantly harmed Betfair’s reputation. For example, in 2010, the site announced a 50% bonus of up to $200 with a 10x wagering requirement. The bonus was great and gave a high opportunity for players to participate and make real cash. However, subsequently, the site suffered huge losses. Instead of deciding to cancel the offer and pay the profits to the winners, it canceled the accounts of all the players who generated winnings from this reward!
Second, in 2011 Betfair was subjected to a massive fraud attack that involved the theft of financial and personal data of more than 90,000 users. Although the site reported it to the Serious Organised Crime Agency, Betfair didn’t reveal it until a year later!
Third, there are some complaints from Betfair players that it deliberately delays live streams of horse races to disable bettors from getting good odds.
Fourth, in 2009, the Advertising Agency (ASA) banned two Betfair ads that claimed to offer odds 40% higher than the rest of the industry because the agency found that only 10% of the site’s offerings were 40% better odds than the industry average!
Fifthly, Betfair is registered with GameStop. So, if you have banned yourself by this scheme before, you can’t access Betfair or many other UKGC-licensed site until the selected period passes!
Can You Resume Playing at Betfair During the Self Exclusion Period?
You may have previously decided to stop playing for a while but now you feel you have mastered your wild gambling impulses, and you want to enjoy playing just for fun. Crucially, there is no 100% safe and practical way to get around the ban except waiting until the end of your self-ban period. Unfortunately, this is difficult for many players. Therefore, we have tried to make it easier for poor punters who want to enjoy playing in their spare time by providing 4 effective solutions, but we always recommend the first one because it is the safest and most effective.
Pick an Alternative Outside GamStop
There are a lot of credible sites without GamStop that can be a good alternative to Betfair! These sites offer players many betting options, versatile games lobbies, many payment methods, and more! We invite you to get to discover these sites through our detailed reviews, especially the following brands:
Play at Betfair Using Someone else’s account!
Although this method is not recommended, risk-takers can apply it! For example, a player can use the verified account of one of his friends to enter login to Betfair. However, the player must let his friend know that he should never use his account so that the site does not detect a conflict between the devices that use the account.
Go to the betting shops!
It may seem boring to many players, but it can be a useful solution for social punters who like to enjoy talk to other bettors while watching the event. GamStop doesn’t cover land based casinos and betting shops. So, you can go to the nearest sports betting kiosk to place a bet on your favourite teams there. Players can place their bets in a few minutes, but they may wait if the shop is crowded.
Wait for the self exclusion period to end
To best way to overcome GamStop limitation is to wait until the selected period passes. The duration of self-exclusion ranges from 6 months to 5 years. This experience may be harsh, but it has many benefits. At least you will be able to control your gambling urges in the long run.
FAQ About Betfair Alternatives
You can log into Betfair using someone else’s account. Also, you can visit the nearest betting shop to place your bets. However, the best solution is to choose a non GamStop bookmaker.
Right after joining GamStop, it will send you a direct email containing the end date of your self exclusion period.
The only effective way to get around GameStop’s exclusion is to sign up at an offshore bookmaker with no UKGC license.