Betfair
Whats all the malarky about?
Betfair is the largest betting company in the United Kingdom and the largest betting exchange company within the world. The company has a massive turnover of £55 million pounds per week, with a massive user base. Betfair was only launched 8 years ago in June 2000.
With betfair you are not betting against the bookmaker but the other online users. This gives betfair an average of 20% better odds than any other bookmakers. Betfair charges a 5% commission charge on the net value of all winnings.
The company was one of 50 recipients of the Queens awards for enterprise in the innovation category.
Betfair is valued at around £1.5 billion pounds, They also have there own radio station for the horse racing commentary. Betfair gas angered other bookmakers with a betting feature which they have, back and lay, where you can bet on the outcome of a horse.
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