Betfair free bets include a $50 free bet for new customers. Betfair has over 1,000,000 customers worldwide and they have revolutionised the betting industry around the world, and all its benefits are now available to Australian punters. Betfair will take off like a rocket in Australia and to welcome new Aussies to it's quality service Betfair in conjunction with Free Bookie bets are offering a $50 free bet to new customers to try out the service.

See below to find out how to claim your $50 Betfair free bet offer!

Betfair Australia is the nation's only licensed betting exchange, and offers punters better odds, greater choice and more control over their betting experience. A joint venture between Betfair in the UK and Publishing and Broadcasting Limited, it is licensed in Tasmania, with its main operation based in Hobart.

Basically, Betfair are not your traditional bookmaker, they are a betting exchange - meaning punters can back or lay outcomes of events against other clients, giving you much greater odds than a normal bookmaker.

Betfair allow you to choose your own odds, just like people betting who bet on the stock exchange and buy and sell shares. Betfair charge around 5% or less commission on any winning bet and because every bet has a winner, it means Betfair don’t have to have a high margin as most bookies do. Have a free bet today on any event with Betfair free bets!

Some of the more popular betting types at Betfair are;

Better prices
Bookmakers use a margin to make a profit but at Betfair you are your own bookmaker and not affected by any bookmaker margins as you are betting directly against other punters and their opinions. This results in prices that are traditionally higher than a conventional bookie which equates to value for the punter.

Betting in-play
In-play betting is betting during a sports or racing event, and with a multitude of live sports events on TV combined with the chance to go head to head with other punters, this form of betting set to excite punters in this country. Betfair offers odds that are on average 20% better than most bookmakers and that means more value for the punter.

Back or Lay
At Betfair you can back an event to win or you can do the opposite and ‘Lay’ a selection, or bet that something won’t happen. You decide whether to back your fancy or lay against the fancy and this gives you the choice of placing your bet whichever way you choose.