Betfair Exchange Free Bet Offer | Get a Risk free 5 bet on the Exchange

Today’s offer comes from Betfair who are offering you the chance to get a risk free £5 bet on the Betfair Exchange if you’ve never used it before. The great thing about this offer is that it is truly risk free! If you place a bet of £5 or more on the Exchange, Betfair will refund you up to £5 in cash, not free bet tokens, cash!

Have you ever used the Betfair Exchange before? If the answer is no, then you may not know too much about it. A betting exchange allows members to bet against each other rather than against a bookmaker. You can request odds on certain markets as well as offer odds yourself. The main difference between betting against a bookmaker and using an exchange is that on the exchange you can back selections to lose. This is called lay betting and is often used by people to guarantee a return on a bet if the odds shorten after they have placed their bet.

You may be asking what the advantages of using a betting exchange are? The main advantage is that it gives you so much more scope for different odds. When using a traditional bookmaker, they may not be willing to offer you odds on something or may not take your stake, but on the exchange, you only need to find another member who is willing to offer you it. This combined with the ability to lay bets, are the main reasons why betting exchanges have become so popular with online gamblers.

Betfair was the first betting site that allowed customers to lay bets and the ability to cash out bets has also come from the exchange system of betting. Betting exchanges have become increasingly popular with a recent government study showing that 1/5 of all the gambling money staked in the UK is staked on exchanges.

As you can see, betting exchanges are a great way to increase your chances of winning when gambling. If you’ve not taken the plunge before, but are interested in trying it out, then the Betfair Exchange is definitely the place to go. With this great offer you can try it out risk free. All you need to do to get involved with this offer is opt-in on the Betfair Promotions tab, then bet £5 or more on the Exchange and if it loses, Betfair will refund your stake, up to £5. This offer is only open to customers who have never placed a bet on the Exchange before.