Betfair Online Casino Review
Betfair is a British publicly traded online betting exchange, arguably largest on the planet. They run wagering sportsbooks, online poker, online bingo, and online casino. Founded in 1999, it has only recently entered the US market due to legal restrictions.
In 2013, Chris Christie, the governor of New Jersey, has signed a bill that permitted Internet gambling. Before that, for over a century New Jersey was extremely tight on any form of gambling, so the first chance to enter the market was in 2013. Table games and slot games which were previously only available in physical locations in New Jersey became available for people who do not want to visit physical casinos and prefer to enjoy the comfort of their house, their cars, or any location they want. That is, of course, if they are located in the state of New Jersey, as the New Jersey Division of Gaming Enforcement, the legislation body, demands.
This Betfair Online casino review aims to show how good is it compared to competition and what makes it a worthy choice when one faces multiple options.
States in which Betfair online casino is legal
Betfair online casino offers licensed services in the state of New Jersey, as ruled by the Division of Gaming Enforcement. This governmental body is responsible for issuing licenses to companies that wish to operate in online gambling business. The Professional and Amateur Sports Protection Act (PASPA) has been overturned in 2018 to deem the federal ban on gambling unconstitutional. In short, states now decide whether they want to legalize gambling or not. Wagering regulations are more liberal, whereas online casino games are regulated much more rigorously. This is why Betfair online casino is legal in only one state of the US.
Betfair plans on expanding to other states, and Indiana, Iowa, Pennsylvania, and New York are the closest expansion candidates. These states have been becoming less restrictive in terms of gambling (particularly online gambling), realizing how much money their budgets gain from gambling and how many people stop gambling illegally. Chances are, each state will have unique restrictions, but some of them are typical for each state:
- The player has to be 21 years old
- Be physically located in the state where the casino is licensed
Betfair online casino offers slot games, table games, live dealer games, and jackpots.
- Slot games are represented by 5-10 liners, 15-20 liners, and 25+ liners. The choice of various themes and variations is vast, with 100+ slot games available for players to choose from.
- Table game collection is vast as well, offering Blackjack and Roulette as the classic table games, Fortune Pai Gow, Jacks or Better, and 43 more games.
- Live dealers are available too for those who want to have experience similar to that of physical casinos. Live Roulette, live Blackjack, Hold’em, Three card poker, and live baccarat are the types of live dealer games you can play.
Software that Betfair uses
The software Betfair uses can be divided into web frontend, backend, and phone apps. The backend is where it gets interesting. One can never know what algorithms are working behind the curtain, especially when it comes to casinos. Betfair claims to be using Truly random number generators that are based on noise produced by natural phenomena (atmosphere noise, fluctuations of air pressure, etc.). So far, nobody has managed to reverse-engineer such random generators, so if they truly use them as the determiner of victory, the system must be fair. That is correct if they truly do that, which cannot be known by anyone but Betfair programmers.
Can I play on Mobile?
The frontend of the website is a standard website with dynamic elements of roulettes and other virtual elements of a casino. It is optimized fairly well, and most devices on the planet are able to correctly run every function offered by the website. Android smartphones, iOS devices, PCs (Windows, Linux), tablets, and other devices will run this as long as they are capable of displaying dynamic web pages at all.
The only mobile app Betfair offers as a casino is made for Apple iOS, so no luck for Android users yet. If you are not using public WiFi networks and do not use jailbreak on your phone/tablet, you should be safe using it. To start, visit the mobile version of the site and you will be offered to download an app by the website itself through a link to its page to App Store. Alternatively, you can visit App Store and download through the search tool of the store (search “Betfair casino app NJ”).
The functions of the app are the same as the website, so people who play using the mobile app have no advantages or disadvantages. When you download the app, let it use your geographical location to let Betfair prove you are located in New Jersey, otherwise the app will not work.
The interface of the app is extremely similar to the website in the way categories of games are organized. Games themselves look the same as the website. The advantage you get from using apps is that it is optimized for phones a bit better than the browser version due to the challenging nature of running dynamic content in browser. The app gives Betfair more control over the graphics of their content.
As of July 2020, Betfair offers a total of two promotions.
- Game of the Week is a promo that awards $5 in bonus after you wager $250 in a single day. The game that is eligible for this promotion is chosen every week.
- Refer-a-Friend is a promotion that serves as a stimulus to invite friends to use the service. By registering through your promo link you generate in your account (promotions section), you two enter the Refer a Friend promotion. This means that after the total game play is over $10 in real money, you both receive a bonus. $100 in bonus credits will be awarded to you and your friend, so the sum of bonuses is $200 divided evenly between two players.
Betfair online casino offers First Day Risk Free up to $200 as a welcome bonus. The first day is considered the 24 hours after the first real money wager that is following the first deposit on the account. The bonus is up to $200 paid in site credits if the person does not win the first day. You do not need a bonus code to redeem the $200 bonus.
Such welcome bonuses are a standard practice among all casinos, so nothing special about it. Remember that you will not be refunded in money, but in site credits, which is a nuance many people seem to forget.
Loyalty VIP Program at Betfair
Betfair Casino VIP is the rewards program developed by Betfair to retain their player base. There is a tier system (VIP Iron, Bronze, Silver, Gold, and Platinum) that works based on Tier Points and Bonus Points. The higher the person’s tier, the fewer points are needed to redeem $1 in bonuses. So, each game you receive bonuses and the longer you play, the bigger those bonuses are.
To maintain your tier status, you must earn at least 50% of the required tier points for the respective level. For example, Bronze requires 25,000 tier points to make a player eligible the first time, and more than 12,500 to maintain the status. The same applies for every tier.
Bonus points are generated at the same time as Tier points, and neither of them are generated in games played with only bonus points.
VIP Silver players and above receive special VIP bonuses, Gold and above get invited to VIP events, and Platinum players get a special VIP host.
Banking / Withdrawal
Credit/Debit Cards(10 minutes to process), Wire Transfer (up to 24 hours), ACH (10 minutes), Cage deposit, and Check deposit (7 to 10 business days) are the available banking methods for depositing funds.
Online transfer through BillPay is also possible with the following banks: BB&T, Chase, Capital One, Bank of America, HSBC Bank USA, Regions, SunTrust, PNC, TD Bank & U.S. Bank, and Santander Bank.
PayNearMe is available as well.
The minimum deposit amount is $10.
The list of withdrawal options is wide as well, offering Cash of Cage withdrawal, ACH, PayPal, VISA, MasterCard, and betfair Casino prepaid card. The payment processing time is the same for withdrawals and deposits, but withdrawals have no minimum amount of money (those are dictated by your preferred banking organization).
All transactions use US dollar as the currency, so be aware of the currency exchange rates upon conversion. Bitcoin and other cryptocurrencies are a long way from being used in legal casinos in the US since they are impossible to track. One of the main reasons why online gambling is being legalized in the country is the ability to collect taxes, which implies identification of taxpayers. Unfortunately, cryptocurrencies are not an option yet, and do not expect them to be used by legal casinos any time soon.
Any payment method is safe when used wisely. You can lose your data by using a public network, catching malware, or simply losing your phone and personal data. No system is secure enough to protect your data from mistakes made due to the human factor. Do not worry about the security of the platforms, as they are popular and widely used, so software protection measures are sufficient.
Pros and cons of Betfair online casino
An undisputed advantage of the casino is that is legal in the US, albeit only in New Jersey. Legalization allows players protect their rights in case fraud happens, so it makes gambling safer.
Another advantage is the range of promotions offered by the casino. This Betfair Online casino review includes the promotion options you can choose from.
One can also consider the age and scale of the casino an advantage because over 20 years of experience on the market is a great green flag.
Since Betfair is only legal in NJ, there are some bad news for residents of the US who are not located in NJ. Therefore, despite being legal in the US, most of the population will not be able to enjoy the casino due to the geographical location software that bans gambling when out-of-state.
While safety is there because of the legal status of the casino, Betfair has suspicious negative feedback behind it, as can be seen on the web. If you are suspicious of any service that has negative feedback around it, Betfair might not be for you. More on the reputation of Betfair in the next section.
Betfair’s position on the market
Betfair is one of the largest online casinos in Europe, fighting for market share since 1999. It was acquired by FanDuel, one of the two dominant players on the gambling market of the US. While Betfair acts relatively autonomously, it can still be considered one entity with FanDuel, so the estimation of their market share depends on the way you look at it. It is safe to say that it is one of the biggest online casinos in the Western hemisphere.
Reputation is a complicated topic when it comes to online casinos, since people who have lost money are likely to be negatively biased against the casino. Frustration that comes after a loss can motivate people to lie to get their funds back, so take criticism of Betfair online casino with a grain of salt. The objective truth is that Betfair is legit. Otherwise, it would not have been on the market for over 20 years.
How did Betfair make it through Coronavirus?
Judging by the data provided by quarterly statements (Betfair is a publicly traded company), the revenues of Betfair online casino dropped by almost a third during the pandemic. The coronavirus has led to an economic decline unseen in decades, so it is no wonder why revenues of gambling companies dropped. Frankly, the same applies to every company that sells non-essential goods and services, so Betfair became a hostage of the situation, not able to do much to increase revenues. However, it stayed afloat, with all the innovations it brought.
One might say the wide range of table and slot games is all the same, but a lot of people would disagree. The choice of designs and visual aesthetics is vast, creating an appealing look for players of different tastes. All the games are still based on the fundamental random number generator mechanics, and innovating in the market is hard (all is left is adding visual themes to the core principle).
So how good is Betfair?
After reading this Betfair Online casino review, you can hopefully make an informed decision as to whether the casino is worth your trust. There are potential caveats, but their severity can only be determined by your subjective judgement. Still, Betfair Online casino is an old player who knows how to do business in the field, and if they were scammers, they would not have survived as long. Therefore, it is worth giving Betfair online casino a chance.
Is Betfair Casino legal in the United States?
- Yes, but only in the state of New Jersey where Betfair Online casino received a license to do online gambling business legally.
How can I contact Support Department on Betfair?
- Send an email to [email protected] and explain the problem you have encountered.
Is Betfair safe?
- Yes, it is safe, but many customers have left negative reviews on social media and app pages on both App Store and Play Store. You should read through customer feedback and decide who you should trust.
Will I pay tax on Betfair winnings?
- Yes, in accordance to the gambling regulations of New Jersey. New Jersey Gross Income Tax is applied to money earned through any legalized gambling activity in the state, so check the current percentage.
What is Betfair maximum payout?
- The maximum payout depends on the sports you are betting on. The maximum payout possible is $1,000,000, but usually it is in the dozens of thousands range.
Can I have two accounts on Betfair?
- No, you are not allowed to have more than one account due to the promotion abuse prohibition.