Betfair at a Glance
Betfair stands apart from most Australian bookmakers because it runs a betting exchange alongside a traditional sportsbook. That gives punters two ways to bet: take fixed odds as usual, or set and match their own prices against other customers.
Details can change — confirm current terms on the operator's site before signing up.
Our Verdict
For punters who like to shop for value, Betfair is one of the most interesting platforms available in Australia. The exchange often surfaces sharper prices than fixed-odds books, especially on racing and major football, cricket and basketball markets. Laying — betting that something won't happen — opens up strategies that simply aren't possible at a standard bookmaker.
The flip side is a learning curve. Newcomers should take time to understand how commission and liquidity work before staking real money.
What we like
- Exchange pricing that is frequently more competitive
- Option to back or lay selections
- Deep racing and major-sport markets
- Well-built apps for iOS and Android
Things to consider
- Commission is charged on net exchange winnings
- Thinner liquidity on niche markets
- Exchange concepts take some getting used to
Markets and Features
Expect comprehensive coverage of thoroughbred, harness and greyhound racing, plus AFL, NRL, cricket, soccer, tennis, basketball and more. The exchange lets you trade positions as prices move. Keep in mind that Australian law restricts online in-play betting on sport, so check which live options are available in the app for each event.
Banking
Betfair supports a range of mainstream Australian payment methods. Remember that credit cards can no longer be used for online wagering in Australia, so plan to use a debit card or another supported option. Withdrawals are processed to verified accounts once identity checks are complete.
Safer Gambling at Betfair
Betfair offers the safer gambling tools required under Australia's National Consumer Protection Framework, including deposit limits, activity statements and time-outs. You can also self-exclude from all licensed Australian wagering providers at once through BetStop.
Ready to take a look? Check out Betfair's current offers below. 18+ only. T&Cs apply. Gamble responsibly.
Betfair FAQs
Is Betfair legal to use in Australia?
Yes. Betfair operates in Australia under a local wagering licence, so Australians aged 18+ can open an account and bet with it lawfully.
What makes the exchange different from a regular bookmaker?
On the exchange you bet against other punters rather than the house. You can back a selection to win or lay it to lose, and Betfair charges a commission on net winnings instead of building a margin into the odds.
How much do I need to deposit?
Our listing shows deposits starting from A$10. Minimums can change, so always check the cashier before you fund your account.
Can I set limits on my Betfair account?
Yes. Like all licensed Australian operators, Betfair must let you set a deposit limit, and you can also take a break or register with BetStop to self-exclude from every licensed provider.