“The World's Biggest Betting Exchange.”
Betfair is a British online gambling company offering a betting exchange, sportsbook, online casino, poker, and bingo. Founded in 2000, it revolutionized the industry by allowing customers to set their own odds. Betfair is renowned for its innovative features and extensive market offerings.
Written by Daniel Simpson
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Betfair is owned by Flutter Entertainment plc, a public company. It was founded in 2000 and is based in London, United Kingdom. Its licence number is 39439, which you can check on the UK Gambling Commission register. Flutter Entertainment plc is listed on the New York Stock Exchange (NYSE: FLUT).
Source: UK Gambling Commission register, checked 19 Oct 2026.
Betfair holds 5 UK Gambling Commission accounts with active remote licences covering casino, pool betting, bingo, sports betting, virtual events and betting exchange. Active
Payment methods named on Betfair's own UK pages. Where a page does not say whether a method works for deposits or withdrawals, the table says so rather than guessing.
| Method | Type | Deposit | Withdrawal | Deposit limits | Withdrawal limits | Speed | Fee |
|---|---|---|---|---|---|---|---|
| Apple Pay | E-wallet | Yes | Not stated | — | — | — | — |
| Bank Transfer | Bank | Yes | Not stated | from £20 | from £10 | 1-5 days | Betfair will not charge any fees |
| Debit Card | Card | Yes | Yes | — | — | — | — |
| MuchBetter | E-wallet | Yes | Not stated | — | — | immediately | Betfair will not charge any fees |
| Neteller | E-wallet | Not stated | Yes | — | — | immediately | Betfair will not charge any fees |
| Pay by Bank | Bank | Yes | Yes | from £5 | from £5 | After your first deposit via Pay by Bank (which can take up to 90 minutes), subsequent deposits & withdrawals are immediate. | Fees do not generally apply to either type of transfer. |
| PayPal | E-wallet | Yes | Yes | — | — | immediately | Betfair will not charge any fees |
| paysafecard | Prepaid | Not stated | Not stated | — | — | — | — |
| Rapid Transfer | Bank | Yes | Not stated | — | — | immediately | Betfair will not charge any fees |
| Skrill | E-wallet | Not stated | Yes | — | — | immediately | Betfair will not charge any fees |
| Visa | Card | Yes | Yes | — | — | — | — |
| Visa Debit | Card | Not stated | Not stated | — | — | — | — |
Checked 19 Oct 2026. Source: Betfair's payments page. Limits are in pounds and come from the operator's UK pages; "Not stated" means the page does not say.
Betfair's own pages name Ireland and United Kingdom as places it serves.
Checked 15 Oct 2026. Only what the operator's own pages state. A country in neither list is unknown, not available. Where you can use an account also depends on local law, so check before you deposit.
Betfair runs sportsbook, exchange, casino, bingo and poker. The sportsbook covers 30 sports. Casino games come from Big Time Gaming, Cayetano, Evolution Gaming, IGT, NetEnt, Play'n GO, Playtech, Pragmatic Play, Red Tiger and Scientific Games. Available on Android, iOS, Web.
Store ratings and versions checked 26 Oct 2026 (App Store) and 26 Oct 2026 (Google Play).
Sportsbook features: 90-Minute Payout, Acca Edge, Auto Cash Out, Bet Builder, Betting Exchange, Build Ups, Cash Out, Each Way Edge, Football Jackpots, Live Audio Commentary, Live Match Tracker, Live Streaming, Odds Boosts, Partial Cash Out, Responsible Gambling Tools.
Sports offered:
Casino: baccarat, blackjack, live dealer games, poker, roulette, slingo, slots from Big Time Gaming, Cayetano, Evolution Gaming, IGT, NetEnt, Play'n GO, Playtech, Pragmatic Play, Red Tiger and Scientific Games.
Other products: bingo, exchange games, financials, virtual sports.
Betfair was founded by Andrew Black and Edward Wray.
Merged with Paddy Power to form Flutter Entertainment.
Recognized as one of the top 75 most valuable brands in the UK.
Betfair Rewards scheme offering lower commission rates on Exchange betting for loyal customers
E-wallets (PayPal, Skrill, Neteller) take 4-24 hours, debit cards 2-5 working days, bank transfers 2-3 days. Visa Fast Funds can be under 2 hours. Generally no fees except some bank transfer limits.
Yes, Betfair is an approved UK gambling operator licensed by the UK Gambling Commission under licence number 39439. They are also owned by Flutter Entertainment plc, a FTSE 250 company.
Betfair accepts Visa/MasterCard debit cards, PayPal, Skrill, Neteller, Apple Pay, instant bank transfers, Rapid Transfer, and Paysafe. Credit cards are banned due to UK regulations. Minimum deposits from £5.
Betfair is based in London, United Kingdom. Its parent company is Flutter Entertainment plc.
This page is a factual company profile, not a review or a recommendation, and it carries no affiliate links. Company facts come from the UK Gambling Commission register, the operator's own pages and company filings. 18+. Please gamble responsibly. BeGambleAware.org