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Betfair Review 2026

9.2 / 10Licensed — 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.

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Welcome Offer

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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.

Join Betfair

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.

View Help Resources

Frequently Asked Questions

Everything you need to know about betting online in Australia.

  • 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.

  • 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.

  • Yes, Betfair accepts POLi, BPAY, Visa, Mastercard, PayPal and bank transfer for deposits and withdrawals.

  • Withdrawals on Betfair are typically processed within 1-3 business days, depending on the payment method chosen and completion of identity verification (KYC).

  • Yes, Betfair offers a native app for iOS and Android, as well as a fully optimised mobile website.