Betfair
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Last updated: May 22, 2026
Betfair Review 2026
9.2 / 10
Licensed — Northern Territory Racing Commission
Betfair is one of the world’s leading betting exchanges, offering Australian punters a unique alternative to traditional bookmakers. Licensed by the Northern Territory Racing Commission, Betfair lets you back and lay bets for potentially better odds. With local payment methods like POLi and BPAY, plus a dedicated mobile app, it’s a strong choice for Australian bettors.
Welcome Offer
Join Betfair today
18+ · T&Cs Apply · Gamble Responsibly · Advertising
Pros and Cons
Pros
- World-renowned betting exchange — back and lay bets
- Licensed in Australia by the Northern Territory Racing Commission
- Competitive odds through the exchange model
- Dedicated mobile app for iOS and Android
- Wide range of Australian payment methods including POLi and BPAY
- Extensive racing and sports markets
- Live in-play betting available
Cons
- Exchange model may take time for beginners to learn
- Withdrawal processing can take up to 3 business days
- Welcome offer may be limited compared to some competitors
Welcome Offer Details
Offer
Join Betfair today
Minimum deposit
A$10
Offer expiry
30 days
Terms
T&Cs apply. 18+ only. Gamble responsibly.
Key Information
Payment Methods
• Visa
• Mastercard
• PayPal
• POLi
• BPAY
• Bank Transfer
• Apple Pay
Withdrawal Time
• 1-3 business days
Customer Support
• Live Chat
• Email
• Phone
Mobile Experience
• Native app for iOS + Android
Licence and Regulation
In Australia, online betting operators must hold a licence from a state or territory racing or gambling authority to offer their services legally.
- Regulator: Northern Territory Racing Commission
- Licence holder: Betfair Australasia Pty Ltd
- Licence number: TODO
- Official website: www.betfair.com.au
Ready to get started?
Join Betfair today through our link. Gamble responsibly.
18+ · T&Cs Apply · Advertising · Gamble Responsibly
Gamble Responsibly
Gambling can be addictive. Set limits, never chase losses and seek help if you feel you have lost control. 18+ only.
Frequently Asked Questions
Everything you need to know about betting online in Australia.
Is Betfair safe for Australian bettors?
Betfair is one of the world’s most established betting exchanges. It operates in Australia under a licence from the Northern Territory Racing Commission, ensuring a safe and regulated betting environment.
What makes Betfair different from traditional bookmakers?
Betfair operates a betting exchange where you bet against other punters rather than a bookmaker. You can both back (bet for) and lay (bet against) outcomes, often resulting in better odds.
Does Betfair accept POLi and BPAY?
Yes, Betfair accepts POLi, BPAY, Visa, Mastercard, PayPal and bank transfer for deposits and withdrawals.
How long do withdrawals take on Betfair?
Withdrawals on Betfair are typically processed within 1-3 business days, depending on the payment method chosen and completion of identity verification (KYC).
Does Betfair have a mobile app?
Yes, Betfair offers a native app for iOS and Android, as well as a fully optimised mobile website.