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Betfair, a unique sports betting site

Among modern bookmakers, Betfair deserves a place of honor. The essence of this sports betting site dates back to 1999. The key players in its creation were Andrew Black and Edward Wray. Today, the platform is regarded as a benchmark in the field of sports betting. In fact, the brand has signed contracts with some of the world's biggest soccer clubs, including Juventus and Barcelona. The bookmaker's success is essentially due to its specialization in betting exchange.

The main betting exchange operator

Betfair is not only a betting platform focused on the betting exchange, it is also the pioneer of this new sports betting formula. First of all, it should be emphasized that this is a betting method that offers many more options than traditional systems. Indeed, the user is called upon to bet on the defeat of a team by setting the odds (Lay). Afterwards, he or she has to put the bet up for sale so that it can be bought by another user (this is called the Back).

Betfair's main role is to act as a trading platform< for the various punters, thus facilitating negotiations. The site does not set odds. It just receives compensation from winning punters. This compensation averages 3% of winnings. If this bookmaker is decried these days, it's mainly because of its non-accessibility due to the law in our country.

Peut-on parier sur Betfair ?

Bettors find themselves in a situation of limited accessibility to the bookmaker Betfair. It is therefore not easy to bet on Betfair from our country. If the sports betting site doesn't accept certain users, it's because it doesn't have authorization. The latter doesn't authorize it, since the platform is different from conventional betting sites, and is more like a financial investment channel. In addition, the French online gaming regulator considers that the site presents a high risk of addiction.

Why aren't we entitled to Betfair?

As noted above, Betfair is not authorized by our country's regulator because it specializes in betting exchanges. It is therefore Prohibited. The prohibition of all betting exchange activities in the country means that Betfair is not allowed to accept us directly. There are several reasons for this decision.
Firstly, betting exchange is a very risky solution in financial terms. Secondly, according to one study, many punters who opt for betting exchange end up becoming addicted. The government therefore felt that the problem of addiction needed to be tackled and risk-taking reduced. However, the real reason for outlawing betting exchange is the unfair competition from bookmakers who use it.

Last but not least, Betfair will not be subject to the bill's requirement to reduce the rate of return to the player from 80% to 85%. This is because the platform only acts as an intermediary for exchanges. In reality, it is the punters who are the real bookmakers.