Betfair 20£ in Free bets! is offering up to £20 in free bets for all new customers who sign up and make an initial deposit of £20 or more.

By simply making an initial deposit and betting £20, either as a single or multiple stake, and Betfair will credit your account with an additional £20, to be used as either a single or as multiple stakes.

By betting with Betfair, you will be enjoying one of the most notable innovations in betting since the very launch of online betting. Betfair is not a bookmaker but instead, a betting exchange. This means that punters can use Betfair to place a bet between each other, providing users with better odds and a greater choice of markets.

Since it was launched in 2000, Betfair has become one of the biggest names in the online betting industry, with more than 2,000,000 customers claimed to be exchanging more than £50million in bets every week.

Betting on an exchange, such as Betfair, allows punters to bet both for an outcome (known as “backing”) or to bet against an outcome (known as “laying”). The key benefit for punters is that there is no bookmaker involved, meaning that odds can be considerably higher than those found on an equivalent market with a traditional bookmaker.

Betting with a difference on Betfair

Betting with Betfair is very different to betting with a traditional bookmaker. Punters have the opportunity to choose what odds they are prepared to offer to lay an outcome, such as predicting a team or horse to lose, whilst those who are backing an outcome can usually get better odds as a result.

Betting exchanges also allow punters to get a greater understanding of market trends, with a range of statistics available to help you make your choice. For many, these stats are invaluable for predicting when odds are likely to change and for gaining an understanding of the latest developments in a particular market.

Being an exchange, betting in-play is often much more rewarding with Betfair, with a huge number of both backers and layers making deals throughout an event as it is happening. Betfair also offers live video streaming of many major events, including most horse racing events, depending on your location.

So to see how Betfair can make online betting so much more different, and to claim your free £20 deposit bonus, sign up to Betfair today.