The Exchange
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Betfair is a betting exchange, not a sports book. Well, it is that as well, but they are most known for their exchange. This means that you are not betting against the site, but rather you are betting against other players. You won’t see these players, nor will you interact with them.
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The way it works is that you will be faced with two options when placing a bet. You can either choose the “Bet” option, which is shown in blue; or you can choose the “Lay” option, which is in red. Both of these options will display exact decimal odds, alongside other odds. These other adds are less enticing and will only apply if you take all of the money offered by the highest odds and therefore need to opt for an additional offering, or if you are the one providing the lay and are competing against the odds on show.
If this sounds complicated then don’t worry. You can just focus on the blue option, betting like you would on a sports book. The good thing about the exchange is that there is so much competition. There is always someone trying to outdo someone else, and this means that you will find the very best odds here. Betfair exchange odds often outdo the very best sports books, and the odds you find on the outside bets are often double if not triple what they are on other sites.
Betfair Website Layout
Betfair has a rather complicated layout. It may take some time to get used to it, but once you do, it’s very easy to navigate. There are live streams, live betting and more. There is also an extensive number of markets to choose from and Betfair has some of the most obscure events in the industry. The problem is that they don’t always have the most varied markets for those events.
Still, if you’re focusing on the major sports and the major leagues, you will be able to choose from an extensive number of bets. As far as cricket goes, all of the main international competitions and domestic competitions are covered, but once you start dipping into domestic cups and second tier competitions, there are very few markets available.
That’s because someone needs to be creating the market and offering the odds for it to exist, and that just doesn’t happen with events that aren’t very popular and events that aren’t televised.
As well as the exchange, Betfair also has a sports book. The odds are smaller, but the layout is easier for the inexperienced user and there are also a few more markets available. Betfair also has an arcade section, a casino section, a bingo room, poker room and exchange games. It is one of the most complete betting sites in the world.
On both the exchange and the sports book (as well as the Betfair Exchange Games) there is a minimum bet of £2. This applies whether you’re placing a large accumulator or whether you’re betting on the turn of a card, and it’s something that puts many casual gamblers off.
Betfair Promotions
This is an area in which Betfair disappoints. Betfair are not the ones offering the odds, so they do not benefit when you lose money. Instead, they take a very small cut of each bet. This is barely noticeable to the user, but it adds up for Betfair. This means they are often reluctant to give free bets, simply because those bets are not going into their pockets.
There are few, if any, promotions on the exchange and when they do appear, they are rarely worth the time or the effort and they are certainly not enough to compete with the promotions offered by the biggest sports books.
This is not the case with the casino, poker room, arcade and other sections of the sites, but it remains to be the case for the sports book. For whatever reason, they don’t even offer many promotions on that section.
Customer Service
Betfair do not have the best customer service in the industry, but they might have the worst. We do not have the best experiences with Betfair support and have heard some horrible stories. There could be a number of reasons for this. Firstly, Betfair is huge and they are probably stretched thin as a result. Secondly, they are less inclined to offer free bets as a way of appeasing irate customers because they don’t profit from those free bets like a typical sports book would.
But excuses aside, this is a massive issue and it’s one that they need to resolve if they are to continue to grow. It’s difficult to get a speedy response, it’s difficult to get any sense out of them. On the plus side, there will be very few occasions in which you actually have to deal with them. On the downside, if you ever do, and if that issue is not something that can not be fixed immediately, then prepare for a very frustrating experience.
Banking Options
There are plenty of banking options on Betfair and there are definitely no shortcomings in that department. There have been issues with Australian wallets and Worldwide wallets in the past and it was often frustrating to have to navigate this, but they have since knocked that setup on the head and things are now much easier to navigate.
There are options for PayPal, Skrill and everything else you could hope for. And everything is processed very quickly, especially if you use a web wallet like PayPal.
Summary
There are many positives here, but there are also many negatives. That’s why Betfair divides this industry. But the truth is that those negatives diminish somewhat if you’re a frequent gambler and if you gamble with a lot of money. A standard betting site is judged on a few basic factors, many of which we looked at in this review. But with Betfair, it’s all about you. If you’re a casual gamer who likes to bet small and to pickup as many bonuses as they can get, Betfair is not for you. There are better alternatives out there and the lack of bonuses, the “high” minimum bets and even the layout may not be your sort of thing.
If you’re not perturbed by this minimum bet and typically gamble a lot more. If bonuses don’t usually apply to you anyway (because you gamble with too much money to ever bother with a free bet of £10 or £20) and if you understand decimal odds, as well as lays, then this is the ultimate betting site. It’s not perfect, nothing is, but if that sounds like you, then you will struggle to find anything better.
There are myriads of cricket betting websites on the internet that try to lure punters by offering enticing odds on popular cricket tournaments like the IPL, World Cup, BBL and the Ashes. But knowing which of them are genuine and which ones are not can be a tedious task, especially for those who are new to online betting. So if you too happen to be a newbie and are in search of a reliable and reputed online bookmaker, we not only provide information about the top-rated cricket betting sites but also provide predictions for all major tournaments. From IPL prediction to betting tips of all other popular cricket tournaments, all you can find here. Based on our extensive research, we've narrowed down the cricket betting sites that we found are the best for online betting and that we know will treat punters with respect.
10Cric
10CRIC has been operating since 2013 and is now one of the leading brands in the online betting industry. The sportsbook has become very popular among punters when it comes to betting on Cricket as it covers all the major cricket events from across the globe and offers a plethora of cricket betting markets. Punters have the option to bet on live cricket matches and can even place their bets from their mobile phones by downloading the 10CRIC Android app. A wide selection of bet types, competitive odds, attractive bonuses and betting promotions, multiple deposit options and quick payouts are some of the major benefits that online punters enjoy after signing up with 10CRIC.Read More...
Betway
Betway is another reputed and trusted online betting brand that has made it to our list of recommendations. Licensed out of the UK, it too offers a wide range of betting markets on all the major as well as not-so-popular cricket tournaments and matches. Good user interface, multiple deposit options, high betting odds and an excellent customer support are a few things that can be associated with Betway. However, though they do have live streaming option available for select matches, it is not as impressive as the one you will find at Betway.Read More...
Bet365
This is one of the most popular betting sites you will come across on the internet for online betting on cricket. Not only will it allow you to place your bets pre-match, but it will also enable you to place in-play bets while simultaneously watching the high definition live streaming of the game you are betting on. Bet365 is one of those few bookmakers that accept accounts directly in INR currency. So if you're betting from India, you won't need to go through the hassle of converting your deposits beforehand. Bet365 has an established reputation worldwide, has convenient deposit options and a friendly customer support in addition to offering a wide array of betting options.Read More...
1XBet
A relatively newer platform for online cricket betting, 1XBet is rapidly building its reputation for providing the best betting experiences to punters all around the world. The sportsbook caters to an enormous customer base as it is available in more than 40 different languages. 1XBet is widely popular for its smooth and uncluttered user interface and impressive performance of its desktop and mobile apps. One of the best features of 1XBet is that, unlike many other cricket betting websites, it allows its customers to withdraw as much money as they want from their accounts. The site also accepts deposits made with bitcoins in addition to the many e-wallets and pre-paid cards. 1XBet is a champion when it comes to promotions as punters receive exciting offers and free bets every now and then.Read More...
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Which is the Best Online Cricket Betting Site?
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Every cricket betting site on the internet has its own take on betting, offers different promotions, options, features and some even like to concentrate only on particular types of bets. So the answer to this question is pretty subjective and it all boils down to personal preferences in the end. But if we were to crown a champion from the aforementioned sites, it would be 10Cric. This is not only because of their sterling reputation, but also because they offer the widest selection of betting markets, competitive odds, live cricket betting, plenty of attractive bonuses and promotions in addition to providing convenient deposit options and fast payouts.