Betfair Horse Racing Review

Betfair first shot to prominence as the world’s number-one sports betting exchange – a peer-to-peer platform enabling backers and layers to match at mutually agreeable odds. It was founded in 2000 and the Betfair horse racing exchange is still the market leader today, despite attempts from challenger platforms like Matchbook and Smarkets to take over.

Betfair merged with Paddy Power in 2016 to become Flutter Entertainment, which is now a behemoth in the global iGaming industry. Four years prior to this merger, Betfair launched its own fixed-odds sportsbook, in a bid to compete with traditional bookmakers on the horseracing markets and other major sports.

If you’re interested in betting on the Betfair Sportsbook to get your horseracing wagers matched, read on as we cover all there is to know from bonus codes for new and existing customers to payment methods, user experience and much more.

Betfair Promotions & Bonuses

If you want to use the Betfair Sportsbook for your horseracing betting online or on mobile, you’ll want to know if you are incentivised for signing up with any welcome promotions. Below, we’ll check out the latest Betfair offers for new and existing customers, to decide whether the Betfair loyalty bonus promotions befit this global brand.

Welcome Bonus & Sign-Up Offers

At the time of writing, Betfair Sportsbook gives new sign-ups a modest matched bonus after placing your first real-money wager. Wager £10 at odds of 1.50 (1/2) or better and you’ll immediately receive £30 in free bets. These free bet credits must be used within 30 days of being applied. Be mindful that Betfair only considers real-money deposits via card or Apple Pay eligible for this bonus.

Bet £10 get £30 in free bets with Betfair
Place a min £10 bet on the Sportsbook on odds of min 1/2 (1.5), get £30 in Free Bets. Rewards valid for 30 days. SMS verification required. Only deposits via cards will qualify. T&Cs apply. Please Gamble Responsibly 18+

Bonus Codes

The Betfair promo code for new customers is solid enough, but you’ll be pleased to know that the sportsbook offers plenty more ad hoc betting promotions throughout the horseracing season. It is well-known for crediting loyal, existing customers with Betfair free bet credits ahead of major meetings like the Cheltenham Festival, Royal Ascot or the Grand National. Better still, most of these promotions do not require a Betfair bonus code to be activated. They are usually deposited directly into your Betfair Sportsbook account in the bonus balance.

Loyalty Bonus

It’s not uncommon for Betfair Sportsbook to encourage existing customers to bet again or make a further real-money deposit with the use of reload bonuses. There’s also a popular partnership with Rewards4Racing. You’ll receive 2,000 points into your Rewards4Racing account just for signing up via an affiliate link. You’ll then accrue one point for every £1 staked on Betfair horse racing markets via the sportsbook. It will not include any wagers placed on the Betfair Exchange.

Betfair Withdrawals & Deposits

Keen to find out how easy it is to deposit and how fast it is to withdraw funds at Coral? We’ve listed their latest payment methods to put you in the picture.

Betfair Payment Methods

Payment Method Fee Processing Time
Visa/Mastercard Free Instant
Web Money Free Instant
PayPal Free Instant
Skrill Free Instant
Neteller Free Instant
Paysafecard Free Instant
Bank Transfer Free 1-5 Working Days
Rapid Transfer Free Instant

Betfair Withdrawals Time

Payment Method Fee Processing Time
Visa/Mastercard Free 2-5 Working Days
Express Bank Transfer Applicable and displayed on your withdrawal page Next Working Day
Standard Bank Transfer Free 2-5 Working Days
Australian or non-UK Bank Transfer Free 2-5 Working Days
PayPal Free 4-24 Hours
Skrill Free 4-24 Hours
Neteller Free 4-24 Hours
WebMoney Free 4-30 Hours
Qiwi Free 4-24 Hours
Apple Pay Free 2-5 Working Days

Betfair Licensing & Safety

As you might expect from an online sportsbook that’s part of Flutter Entertainment, Betfair is one of the most regulated operators in the horseracing betting scene. It’s formally licensed by the UK Gambling Commission (UKGC) and the Malta Gaming Authority (MGA). Both of which are two of Europe’s most stringent and reputable betting jurisdictions.

As such, they are also required to comply with UKGC and MGA regulatory frameworks, including anti-money laundering (AML) and two-factor authentication (2FA) to preserve bettor accounts.

Betfair Mobile Experience

When it comes to betting on horse races online, the number-one priority is being able to browse the racecards and get your bets on fast. How does the Betfair mobile experience compare with the user experience of its website?

Mobile Website Experience

The website of the Betfair Sportsbook looks and feels like the Betfair Exchange. The recognisable yellow and black aesthetics are very much on-brand with the Betfair experience. Its website has a very typical grid-like user interface, with top and left-hand navigation bars making it easy to switch between betting markets. It is fully compatible with all leading mobile web browsers.

Mobile App Experience

It’s also possible to download and install a native Betfair Sportsbook app for iOS and Android smartphone and tablet users. The app can be downloaded from the App Store and Google Play Store. It’s a condensed version of the website, with a top navigation menu that can be scrolled from left to right. It’s easy to monitor active bet slips and same game multis make it possible to build the horseracing bets that work for you. The Betfair Sportsbook also has live streaming of all UK and Irish horse races for bettors with a matched wager on the race.

Betfair Customer Service

Customer support for Betfair Sportsbook users is plentiful. There is a wealth of FAQs to choose from, which are designed to solve the most common queries. Although the 24/7 live chat function sounds like a useful addition, there are instances where this helpline proves slow, cumbersome and frustrating. There is a sense that the brand has outsourced its live chat support, which can sometimes make it hard to get swift responses on sensitive account issues.

Betfair Pros & Cons – Review Summary

On the whole, the Betfair horse racing experience has been replicated superbly from its exchange to its sportsbook. With competitive Betfair odds across all the leading UK, Irish, European, Australian and US horseracing meetings, the Betfair Sportsbook is a rock-solid option for online and mobile horseracing bettors.

Pros of Betfair Cons of Betfair
Financially backed by Flutter Entertainment Choice of betting markets can sometimes dazzle newbie bettors
UKGC & MGA-licensed
Slick mobile sportsbook app
Live stream horse races in the UK and Ireland
Solid deposit and withdrawal limits


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