Betfair

Back in 2003, Betfair was awarded the Queen's Award for Enterprise in the Innovation category. This award is a significant endorsement and allows Betfair to carry the Queen's Award emblem on their website for the next 5 years. This award is given on the recommendation of the Prime Minister following a full review by the Department of Trade and Industry.

With needing to say anything more, you can expect the best service and most innovative betting service on the internet. Unlike other bookmakers, Betfair is solely powered as an exchange, which means all bets on the website are placed by other users.

There are obviously 2 ways to play on Betfair, you can either back a bet, or you could lay a bet. When you "back" a selection (be it an individual, a team, horse, dog or other), you are betting that it will win. This is just like betting with traditional bookies.

When you "lay" it, you are betting against it winning. For example, if you're betting in a market on which team is going to win the Premiership and you lay Man Utd, you offer odds to other punters who wish to back Man Utd. If Man Utd don't win, then you pick up the backer's stake. If Man Utd wins, then you pay out. This is what bookies traditionally do.

You never know who you are betting against, your privacy and the confidentiality of your bets is maintained by Betfair's secure site.

This is an extremely clever way of betting, so lay your own odds or back someone else's ONLY at Betfair.

Betfair Information