Click on the 'Join' button in the top right corner of the screen
Fill out the Betfair registration form
Enter the code 'BETSAU' where you see the question "Do you have a promo code?"
Verify your account and start using the betting exchange
Everything about Betfair has been designed to make it easy to place bets in seconds. That is one of the most important things betting on the exchange, due to the fact odds can disappear quickly in this fast-paced way of betting.
One of the key offers available from Betfair is the amount of commission you pay on bets. It is set at 5% but you can opt to change that feature as part of membership options.
Betfair has lots of excellent betting products, and you can bet on almost every sport and racing market. There are lots of markets on football, rugby, cricket, tennis, snooker, basketball, and just about every other major sport.
The Betfair betting exchange allows you to not only back selections, but also lay bets. That puts the power in your hands and you become the bookmaker by offering odds to punters who have a different opinion on what might happen in a race or game to you.
How the Betfair Betting Exchange works
Betfair offers betting on a range of thoroughbred and harness races (as well as sports) and the opportunity to BACK or LAY outcomes.
The Betfair Exchange profits through charging commissions (5% of the winnings a bettor earns) rather than by including a profit margin like a regular bookmaker does.
That's because a betting exchange like Betfair provides members with opportunity to bet against each other rather than a bookmaker.
Betfair Australia Exchange
Betting exchanges allow users the flexibility to find odds and markets they want rather than risking a bookmaker who can dictate the stake and price for a selection.
At Betfair you can still back a horse to win or place, as you would with traditional bookies, or lay horses not to win or place.
Lay betting is completely unique to Betfair Exchange. When you place a Lay bet you are betting on an outcome NOT to happen.
You are effectively offering a price that other users can Back Bet with you.
Betfair Australia offers a large range of payment methods to deposit into your account, including:
Betfair offers fast, reliable customer support and you can reach them in the following ways:
Phone: 1300BETFAIR (Aus)
What is the Betfair betting exchange?
Betfair was launched in 1999 as a sporting exchange, before becoming a Betting Exchange 12 months later. Now, Betfair is the world's biggest exchange and provides punters with the chance to be the bookmaker by backing and laying bets.
Is there a Betfair.com.au promo code?
Yes. Where it says "Do you have a promo code?" on the registration form, enter the code BETSAU.
How do I join Betfair Australia?
Signing up is made even easier when you follow our step-by-step guide in this article.