Betfair is one of the leaders when it comes to exchange betting in the world. The original Betfair Exchange was initially opened in 2000 and it constantly has gone from strength to strength in this time period. An exchange allows you to bet against your peers, giving you more competitive odds and more flexible options when it comes to your overall gambling strategy. There is now an exchange operated by Betfair in the United States market (licensed in New Jersey). This currently only caters for the horse racing sector. There is a mobile offering as part of the Betfair platform and you have access to all sorts of great features. This article looks at what makes the Betfair app tick and where it can be improved.
Here are some of the key criteria the team at AmericaGambles considers when assessing the viability of a mobile sports betting offering.
Mobile Betting Offer & Odds
As you have seen, there are only horse races catered for at the Betfair exchange in the US. Therefore, you need to be an avid horse racing fan to get the most out of this offering. Casual bettors will be better off using a more all encompassing type of sportsbook. There are races from countless countries and tracks on offer on this platform. Naturally, the odds that you get for these races will depend on what you will get matched by other bettors.
Generally, you will get better odds when it comes to exchanges if there is a lot of liquidity. You also have access to the Betfair starting price feature. This allows you to be more certain of the starting price you are going to get with a given race. All bets will have a 12% commission charged on them if it is a winning bet. Some of this commission goes to helping the racing industry to continue to thrive.
Mobile In-Play Betting
You can place different types of in-play bets during a horse race on the Betfair exchange. You can adapt to what you are seeing as soon as the race starts. This allows you to potentially hedge your current positions or to take advantage of something that you spot from the race. You can access the in-play markets as soon as the race begins and bets can be placed until the first horse passes the finishing line. You will have to account for the single second delay that is in place when making these in-play bets. Some of the races in more obscure tracks will not have any in-play betting offering. You will see the live betting icon beside a race when it offers in-play betting.
Web App / Download App
There is a Betfair iPhone app that you can download in order to place orders and bets when you are on the go. You will need to be dealing with an iOS of at least 7.1 and you will need about 17 MB of space on your device for the app. Simply go to the iOS Store in order to download this app. Currently, there is no Betfair Android app for these players to download. Therefore for the moment these players will just have to access the Betfair mobile offering through their preferred web browser on their mobile device. It is likely that an Android app will be on the way in the near future.
There is currently no bonus available exclusively for mobile users of the Betfair exchange. However, you are able to take advantage of the new Betfair promo code if you have not yet signed up for an account with the platform. You will be able to get your first bet matched 100%, up to a max bonus of $200 if you lose it. In order to receive this bonus, you will need to make a deposit of at least $10 inside of the first 15 days after you have opened up for your new account.
Then you need to make a bet equal or greater than the size of your deposit and you will then have the bonus funds credited to your account if you lose that bet. The horse needs to be priced at least at evens and then when you get the bonus funds, you will be able to keep the winnings of these funds but not the stakes. Currently, there are not any promotions running for existing players on the Betfair platform. This bonus is not the worst in the space today.
Bonus & Condition details
App Usability & Special Functions
If you are using the Betfair iPhone app, it is a very easy one to use. You know that Betfair is going to have a quality offering for their players. You have everything at hand that is easily accessible for you. All of the markets are well laid out and the in-play interface is very intuitive and straightforward. The traditional white and yellow color scheme makes it very easy to read the text. There is a quality Betfair Exchange educator hub available for all players. This is a great way for you to get familiar with the platform in case you have never used an exchange before. You will be walked through the process step by step via video and text of using the platform.
When it comes to adding funds to your Betfair account, there are a number of different ways in which you can do so. There are certain limits in place on how much you can deposit at one given time with certain deposit methods.
Currently, you can add funds by;
- Money order
- Bill pay
- Wire transfer (at least $1,000)
- Pay Near Me
- Debit card
- Credit card
- Paying cash at one of the partner facilities
BetCash is a popular option as it is quick and convenient. Certain banks will also block transactions going towards online gambling platforms. If you already have an account with 4NJBets, you are able to easily transfer funds over to your Betfair account.
Betfair: Registration on Mobile
If you are ready to sign up for a new account with Betfair through your mobile device, this process is quick and easy. You will not have to spend much time at all on this step. Here is a graphical breakdown of what you need to do;
Here are the steps you need to follow when it comes to opening up your new Betfair account when using your mobile device to do so;
- Download the app from the iOS Store or access the site through your web browser
- Select the register option
- Add in your personal information
- Confirm your email address by clicking on the link in the email you have been sent
- Make your first deposit
Betfair App: Often asked and answered here
At the moment, there are only horse races catered for on the Betfair US exchange. However, it seems that with the growth of sports betting across the country that this offering could expand in the near future.
The folks at the Betfair exchange will know that Android players will not be happy at the lack of a dedicated app for their device. Therefore, the company will likely develop and release such an app in the near future.
This depends on the state that you are in and what age you are. This will differ depending on the region, so you need to check out the handy AmericaGambles search function to see what platforms are open for you to play. The laws in each state are always changing, so it is worth keeping an eye on any changes in your region over time.
Yes, you can quickly transfer funds from your 4NJBets account without any form of delay or costs, which is very handy. All you need to do is set how much you want to transfer, to what account and to enter in your respective password to authorize this transfer.
Yes, different deposit methods have their own limits. For example, using BetCash, you can only deposit $2,000 at a given time. This is why it is very important that you always double check the limits when you are looking to deposit with a given payment method.