How to Open a Betfair Account in 2020 (Tutorial with Screenshots)
Find out how to register with Betfair, perform the mandatory account verification, deposit funds, claim the welcome bonus and withdraw your winnings
The merger of Betfair & Paddy Power is held under Flutter Entertainment plc, an innovative betting company, licensed by the UK Gambling Commission, that provides virtually all of the offline and online betting products and features that anyone could possibly want.
Betfair is, by far, the most popular betting exchange on the planet, meaning that the liquidity beats that of any other exchange. Also, no other betting exchange offers anywhere near as many live betting markets.
In 2012, Betfair added a Sportsbook to their platform, ensuring that some of their customers who fancy fixed-odds bets won’t have to place their acca bets elsewhere. Moreover, UK users who join Betfair have access to the following products: virtual & live casino, poker, bingo, exchange games, virtual sports, football jackpots and more.
Signing up on this all-inclusive betting platform is easy and will take you only a few moments, regardless whether you do it via a computer or mobile device.
In fact, it’s the same as creating a William Hill or Bet365 account…
Our Betfair guide will help you find out if your preferred deposit method is available, and how long the processing time is. But you’ll need the verification process completed before being able to fund your account and withdrawing your winnings.
Good news is that the procedure can last only a couple of minutes, as it requires human intervention in rare instances!
We’ll also mention the latest Betfair promotions, although these may vary depending on your country of residence.
Quickly navigate to your desired topic:
- Betfair Restricted Countries
- Betfair Sign-up Tutorial: How to Open a New Account (Includes Mobile)
- Betfair Welcome Offer
- Betfair Account Verification – KYC Explained
- Betfair Payment Methods: How to Make Deposits and Withdrawals?
- How to Place Bets on Betfair
- Betfair Mobile Betting Apps
Betfair Restricted Countries
Restricted countries are subject to change.
We’ve catalogued the banned nations instead of listing the hundreds of Betfair allowed countries, to make the process easier for you.
(Feel free to use the Ctrl + F shortcut or the ‘Find’ feature in your browser and then enter the name of your country to quickly find out if you are allowed to sign-up with Betfair!)
These are the countries where you are not allowed to use Betfair services:
- Europe: France, Portugal
- Africa: DR Congo, Libya, Somalia, Cote D’Ivoire, Eritrea, Sudan
- Asia & Middle East: Iran, Iraq, Israel, Lebanon, Turkey, China, Japan, North Korea
- North America: Canada, Greenland
If your search didn’t return any results, then most likely you are eligible to open a new account with betfair.com, as long as you’re 18, of course, but it is always a good idea to check on the official site.
If Betfair is restricted in your country of residence, you’ll have to choose another online bookmaker to place your bets with. But don’t despair if you find yourself in this situation because we’ve put together a list of recommended bookies for various countries around the world.
However, you can employ endorsed VPN as a workaround if you’re only travelling and want to use your existing Betfair account. But don’t even think about using this method if you live in a Betfair restricted country because you won’t be able to register a new account using VPN!
Please note that Betfair reserves the right to close accounts operating from any of the above countries. Using a VPN to access Betfair should not be used for illegal online gambling.
Betfair Sign-up Tutorial: How to Open a New Account (Includes Mobile)
Next, we’re going to show you how the Betfair account registration process works:
- Visit betfair.com com in your web browser
- Click on the “Join Now” button
- Accurately fill in the registration form with your personal information, set up a username and password & click “Join Now”.
Now, you’ll have to be verified before you can deposit, but don’t worry. All you have to do is take a picture with your phone and upload it in the KYC section. After your account is verified, you'll be able to fund it using either of the available deposit and withdrawal methods.
If you encounter any problems, please refer to the Betfair open account FAQ.
But before we move on with this Betfair tutorial, let us present you the welcome bonus…
Betfair Welcome Offer
Betfair Betting Exchange Bonus: £20 Risk Free First Bet
New customers only, max £20 cash refund. Bet must be placed in the first 7 days of account opening. Only deposits made using credit/debits cards and ApplePay will qualify for this promotion. T&Cs apply.
Be advised that you’ll have to enter the following Betfair Exchange bonus code ‘VAL225‘ when signing-up.
Or, you can opt for the following offer…
Betfair Sportsbook Bonus: Get up to £100 in Free Bets
New 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. Payment restrictions apply. T&Cs apply.
Be advised that you’ll have to enter the following Betfair Sportsbook bonus code ‘ZBBC01‘ when signing-up.
However, the promo code for the respective Betfair welcome bonus will be entered automatically when you click the banners on our website.
Plus, with My Betfair Rewards, you get to choose which perks you want, and even adjust the commission!
Betfair Account Verification – KYC Explained
All new Betfair accounts must be verified before users are allowed to fund them due to changes in online betting regulations. The first step is to verify the age, and completing it will enable you to make your first deposit – it usually takes less than a couple of minutes. Then you’ll have to verify your household address before you can withdraw money. The Betfair account verification is a simple two-step process called Know Your Customer (KYC).
Follow this step by step betting guide to adequately verify your betfair.com account:
Take a clear picture of one of the following documents and submit them in your Betfair account:
- Driving License
- National ID
And one of the following:
- Utility bill (less than 6 months old)
- Copy of a bank statement (less than 6 months old)
There’s no need to worry if you’ve closed the initial pop-up after signing-up. Log into your Betfair account, select My account -> My details -> Verification and upload a photo or a scan of your documents.
How long does it take does the Betfair account verification process take?
The standard Betfair KYC verification time for a regular account is sometimes almost instant when the AI validation is possible. Hence why you should scan the documents if you can or at least take clear pictures under natural light. Otherwise, the agents usually review your documents within 48 hours & notify you by e-mail when it's done.
You have to do this after completing your Betfair registration process to get the clearance to make your 1st deposit upon approval!
Tip: You can contact one of their support agents via e-mail or live chat to have the document reviewed faster if you’re in a hurry to make a deposit, claim the bonus and place your first bet.
Betfair Payment Methods: How to Make Deposits and Withdrawals?
There are many Betfair deposit options, and the good news is that this online bookmaker does not charge any fees. Deposits can be made instantly using debit and credit cards, prepaid vouchers and eWallet systems, so having a Skrill or Neteller account can be useful.
Betfair account deposit guide:
Betfair Instant Deposit Methods & Limits
- Visa / Mastercard Debit Cards – Min. £5 – Max. £20.000
- Paysafecard – Min. £5 – Max. £770
- PayPal – Min. £10 – Max. £5.500
- Neteller – Min. £10 – Max. £37.500
- Skrill – Min. £5 – Max. £25.000
- Apple Pay – Min. £5 – Max. £99.999
- Cash (Paddy Power shop) – Min. £10 – Max. £2.500
Betfair Slow Deposit Methods & Limits
The amount of time that your deposit will take when using the following methods will vary:
- Bank Wire – 1-5 working days – Min. £100 – Max. £100.000
Betfair Withdrawals Methods, Limits & Processing Time
The world's favourite online bookie does not charge fees for withdrawals; however, how long a Betfair withdrawal takes to reach your bank account will vary according to the bank you’re with. Keep in mind that Betfair withdrawal processing times differ quite a lot:
- Debit Cards – 2-3 working days* – Min. £0.01 – Max. £20.000
- Bank Wire – 1-5 working days – Min. £5 – Max. £100.000
- PayPal – Within 24 Hours – Min. £1 – Max. £5.500
- Paysafecard – Within 24 Hours – Min. £5 – Max. £2.000
- Skrill – Within 24 Hours – Min. £1 – Max. £25.000
- Neteller – Within 24 Hours – Min. £1 – Max. £37.500
- Apple Pay – Min. £0.01 – Max. £35.000
- Cash (Paddy Power shop) – Min. £10 – Max. £1.000
*Some Visa cards are eligible for instant withdrawals. In this case, we will process your withdrawal instantly. Terms & Conditions apply.
Are you eager to click the Join Now button?
How to Place Bets on Betfair
Now, we’re going to guide you through the steps of placing your first online bet on the Betfair Sportsbook, regardless if it's a single bet, multiple bet or system bet.
Odds correct as of 13:15 27/04/2020. Odds are subject to change.
There’s no need to worry because the process is the same as with any other bookmaker:
- Navigate to your desired fixture by selecting the sport and the competition you want
- Click on the odds you have in mind for any given betting market to add the selection to your bet slip
- When you are happy with your bet type, enter the stake in the box corresponding to your desired bet type: single, double, treble, etc.
- Click the ‘Place Bets' button, confirm and voila!
It’s worth pointing out that the Lay betting option on the Betfair Exchange enables you to play the role of a bookmaker. But a thorough explanation would be beyond the scope of this beginners guide.
Betfair Mobile Betting Apps
With Betfair, you can bet on the go, cash-out, and play your favourite casino games using your smartphone or tablet, so why not give it a go?
In terms of compatibility, the visually appealing Betfair mobile app is available to download on both iPhone – for devices that run iOS 10 or above – and up and Android – for users with operating system 5.0 (Lollipop) or above.
It is generally a good idea to install your favourite Betfair mobile apps to stay up-to-date with the action after completing the registration process:
- Betfair Sports Betting – Bet on Football
- Betfair Exchange Betting – Bet on Football
- Betfair Poker – Real Money Online Poker and Games
- Betfair Live Casino – Play Roulette & Blackjack
- Betfair Arcade – Play Rainbow Riches and Roulette
- Betfair Exchange Games – Poker in Play
- Betfair Casino – Play Roulette, Blackjack & Slots
- Betfair Bingo – Real Money Online Bingo and Slots
How to download the Betfair app? Just search for the app you’re interested in on Play Store (Android devices) or App Store (iOS devices), and then click the install button. As soon as it’s finished, open the app and enter your Betfair sign-in details.
If you’re having trouble finding them, then most likely your country of residence is restricted on Betfair.
Additionally, you can enhance your exchange experience with Betfair trading software. Some of the premium apps facilitate purely genius functionalities, like automated betting & heding. Any Betfair customer can apply several betting strategies and become a trader with the help of these apps!
To add to the In-Play excitement, Betfair stream over 100,000 live events to your PC & mobile devices every year – so you can bet as the action unfolds. Furthermore, Betfair Live Video is currently free of charge for all content except for certain horse racing and greyhound racing – T&Cs apply.
You can only imagine the fantastic in-play betting experience…
To use the Live Streaming service, you will need to be logged in and have a funded account or to have placed a bet in the last 24 hours. Any fixture/event on the Betfair website which has the Play icon next to it is scheduled to be shown via Live Streaming.
In addition, Betfair mobile users from UK and Ireland are frequently rewarded with various promotions, but we’ll let you discover these after you sign-up…
We hope that our new Betfair account step-by-step guide has helped you with the Betfair account registration process. We’re inviting you to check our daily selection of free betting tips if you’re visiting our website for the first time. Remember that this content represents the personal opinion of our seasoned betting editors.