Betfair: £25 risk-free bet

Get £25 risk-free from Betfair here[/button]When Betfair entered the marketplace, it was a revolution. It’s surprising, therefore, that there are so few credible alternatives to Betfair when it comes to peer-to-peer betting. The premise is simple – you can either bet on something – or bet against it happening. You can either be the punter or the bookmaker. At no time does Betfair itself set odds – people like you do.

So, if you think that, for example, the odds-on favourite in the afternoon race is a dud, then you can ‘lay’ it – you take the risk that someone will accept your odds, yes, but your chances of winning are supposedly higher than if you backed it.

Therefore, with better odds, you’d have thought that Betfair didn’t really need a promotion as such. But they’ve got two. And it’s your choice - you can either have £25, totally risk-free (in other words, you place a £25 bet and if you lose, you get your money back) – or a £20 risk-free bet. Hang on, you’re thinking – what the…? Of course I’d choose £25. But with the £20 risk-free bet, you get up to £1,000 in potential cashback.

The terms and conditions are pretty simple compared to many other bookies – and to get your £1,000 cashback, you can exchange points after every 30 days – the more you bet, the more bonus money you get and you can cash in at the end of the month. That’s up to £1,000 every month. You earn points whether you win or lose.

So why choose Betfair?

It’s pretty simple – the interface is clear, simple, yet intuitive enough to handle the complex world of peer-to-peer gambling. You can join Betfair as a newbie and play along with some simple bets, but the most experienced Betfair gamblers know that they have to read up and stay ahead of the game. For example, there are ‘bots’ out there that automatically place bets so that you never lose. In fact, if you’re clever – and if you’re on this site, you ARE – then you can time your bets and lays so that you cannot lose. It’s all about understanding the market trends.

Of course, the bets continue well into the sporting events – horse racing, football, F1, etc. so this makes Betfair one of the very first in-play bookmakers. That’s why their risk-free bet is an excellent dilemma to give yourself.