Betfair Sports Betting
Betfair is a bookmaking company with licenses to operate in Australia, the United Kingdom, Malta, Austria and Germany. It was founded by Andrew Black and Edward Wray in August 1999. Although the company started in United Kingdom, the popularity of its betting style allowed it to start up services in the Australian mainland. The Betfair sports betting concept allows the player to control on how he or she bets on an event. The player can either bet that the stated outcome becomes true, otherwise known as back. They could also choose to bet that the stated outcome will not happen. This is called lay. Betfair Sports Betting also allows the player to select the odds for a given match. Flexibility in betting is one of the main assets of the company.
Players are matched up with other members who bet on the same game. Although this happens, each player has full confidentiality and their identity is not revealed to the opponent. Choosing the game odds is also possible but getting another player to match up is determined by the ratio specified. Thus, odds which are way out of proportion would not have any other players as compared to those who have made odds that have a more realistic way of happening.
Betfair Sports Betting allows wagers in various events. They cover team sports such as cricket, basketball, football and soccer. The company is also involved with racing events that use greyhounds, horses, and even automobiles (motor sports). The Betfair Sports Betting site also has poker and casino games. These can be played by registered users or be wagered upon by members of the site. Games for these include baccarat, blackjack, hi/lo, hold 'em, and Omaha hi.
The company has already won numerous awards over the years. Its founders have been named 2002 "Emerging Entrepreneurs of the Year" by Ernst and Young. It was also named "Company of the Year" by the CBI Growing Business Awards for two years in a row. Betfair has received numerous times the "Best Place to Work in IT" award for entertainment and leisure from the Computer Weekly Awards. Earning these much accolades for the bookmaking industry have made Betfair a very reputable gaming company.
