betfair is the trading name of The Sporting Exchange Ltd..
The Sporting Exchange Limited is a private limited company registered in England and Wales with registration number 3770548. The Sporting Exchange Limited was founded in August 1999 by Andrew Black and Edward Wray and dedicated to trade technology property on the betting following the development of this sector. The technology used by The Sporting Exchange Limited is owned and protected by copyright therefore subject to a patent registered with the Patent Office of the United Kingdom. The Sporting Exchange Limited is located in the UK and operates under the guidance of the Act concerning lotteries and betting games of 1963. The company is authorized to operate as a bookmaker in England and Wales.

With betfair not pay taxes, and commissions are paid only net winnings on each market. This is particularly beneficial if you simply place more bets on a single market, for example, the market Premiership Winner. Some of the bets are winners, others losers, however, the commission will be calculated on net winnings. If the bets of a specific market amounted to a net loss, is not charged any commission. Betfair offers its customers an incentive program. The commission rate is calculated on the basis of frequency of use of betfair. The more you bet, the greater the discount rate committee. This is called the discount rate.

With betfair it is always possible to choose the share to accept. If you wish to share better than those currently available, you can enter an order for a better price, we recommend, however, be realistic, since users must be ready to bancare these portions and vice versa.