Betting Exchange Betfair show strong hand at London stock market
October 23, 2010 | In: Articles
The value of BetFair is now reported to be around £1.4 billion, and with shares in the company going for around £13 on average, the betting exchange is clearly showing that it is the most powerful, and biggest betting exchange, not only in the UK, but in the world. With a customer base which sits around 3 million, BetFair over the last ten years have really shaken up the world of online betting and has made a home for itself among the established world of high street and conventional online bookmakers. What BetFair offer, is a betting system based on person to person wagers, essentially cutting out the middle man of the regular bookmaker. Punters essentially bet against each other at the BetFair betting exchange, instead of against a bookmaker. The new valuation of the company, really says a lot about how BetFair stand in the world of online betting, and more shares of the company could be sold if demand continues.
Because of the person to person betting system, odds are generally presented at more competitive prices than regular bookmakers, and punters have a certain degree of freedom over controlling odds. With a welcome bonus being offered by BetFair for customers signing up for a new account, the company continues to attract new followers. The welcome offer is a £25 No Loss First Bet, which means that if your first bet on a new account loses, then you will get a refund of your stake, up to the maximum value of £25. This provides a risk free first bet, just to introduce you to the world of placing bets at the betting exchange. As they have garnered so many positive reviews by this site as well, there really is a lot to be enjoyed and explored at the betting exchange. This security over the rise in value of the company, does provide a certain degree of stability and peace of mind for punters looking for somewhere to do their online betting. Head over to their excellent service and see for yourself what all of the BetFair buzz is about.