Betfair Betting Frenzy

In its seven years of activity, Betfair managed to earn people’s appreciation, nowadays being the most known and loved online betting company in the world. A turnover of over 50 million pounds is the result of a normal week for this company, and it’s no wonder, because more than a million clients place their bets in that normal week.Betfair was the first to offer its customers the opportunity of ignoring the classic bookmaker, and that was one of the reasons why it has become so successful over the years. It’s very appealing to the average user to bet on odds established by other betting fans. Another ‘invention’ was the introduction of decimal odds, which are preferred to the classic fractional odds.It’s nice to see you can place bets based on your own personal assessment, not being forced to accept a bookmaker’s opinion. Of course, 5% of the net profit you make goes to the company. That however depends on many things. Some clients will pay 5%, but others will pay only 2%, according to how much the respective person wagers. It’s not much, and this way everybody is happy.But even the greatest of companies have problems from time to time. There were times when the UK and the Australian press published a lot of gossips about its activity, damaging its image. In spite that, in the same period, the company was honored with the great Queen’s Award, a very prestigious business award in the United Kingdom.Most Betfair customers are British, but the company also has clients form other countries. United States credit card numbers are not a valid entry, because of the country’s unsolved online gambling legal issues. This is not the only case, all the countries that have online betting restrictions, even if those are minor, are not allowed into the company’s activities.The company is presently also licensed in Tasmania, where it runs marketing activities. A huge part though comes from Australia, where the company has agreements with the most important Australian sports, like Australian football and cricket.The domains covered by the Betfair betting are many and varied, ranging from Big Brother to the bulk of the most popular sports: horse racing, cricket, rugby, tennis, football, golf and many other popular sports are available for online betting.They also have a well organized system. For example, you can bet than an outcome will or will not happen (back and lay). After that, there is also the free choosing of the odds. But it is a gambling business, and you can’t have the guarantee that you will win. Betting is your own responsibility. Betting is still a controversial subject, no matter how you look at it.The company keeps the money transactions very safe; there have never been complaints about that. It is much respected, the most important online betting company of the world and it does have the Queen’s Award. So, if you like online betting, Betfair is probably your best option.