Betfair Promo Code Australia

Written by Nikola Jekic Last time updated 09/05/2023
betfair bonus code
Click the button below to claim the Betfair sign up bonus. AussieBet readers don’t even need a Betfair promo code to get this offer. All you need to do is click the green button below, register an account and claim the Betfair bonus!
Claim Betfair Bonus Betfair Review

How to Claim the Betfair Promo Code?

Unlocking your Betfair bonus is a simple and rewarding process. This step-by-step guide will help you navigate through each phase, from registering an account to claiming your bonus and making your initial bet.

Whether you’re new to online betting or a seasoned punter, this guide will ensure a smooth start on the Betfair platform.

visit betfair
Access the Betfair website

Go and visit the official Betfair website.

register new account
Register your account

Provide your personal information, including your name, date of birth, and address, to create your Betfair account.

verify account
Verify your account

Confirm your identity by submitting a valid ID, such as a driver’s license or passport. We provide below a short guide on account verification.

deposit funds
Add funds to your account

Make your first deposit using one of the available payment methods, such as PayPal or POLi.

claim bonus
Locate the Betfair bonus

Visit the ‘Promotions’ section on the Betfair website and find the bonus offer.

claim bonus
Claim your bonus

Click on the bonus offer and follow the instructions to claim it.

start betting
Start betting

Choose your bets, and place them using your bonus funds or deposited balance.

How to Verify a Betfair Account

Verifying your account within 72 hours of registration is essential to access Betfair’s full range of features. Until your identity is verified, you’ll face some restrictions, such as being unable to withdraw funds and temporary suspension of your account after 72 hours. There are two ways to verify your Betfair account:

  1. Electronic Verification – Upon registration, Betfair will attempt to verify your identity electronically using the information you’ve provided. If successful, no further action is required.
  2. Personal Identification (if electronic verification fails) – If Betfair cannot verify your identity electronically, they will try to do it via Scantek. You will receive an SMS containing a link to complete the verification process. Click the link in the SMS and follow the instructions to upload photos of a valid driver’s license or passport. You’ll also be asked to take a series of ‘selfies’ to confirm that you’re the holder of the submitted documentation. The process is straightforward and should be completed within minutes.

If you encounter any issues during the verification process, contact Betfair’s helpdesk for assistance.

Betfair Overview

Betfair is the largest betting exchange in Australia and the world. Founded in 2000 by Andrew Black and Edward Wray, Betfair quickly gained traction, and Betfair Australia emerged in 2005. After merging with Paddy Power in 2016, the company became part of Flutter Entertainment and now serves as an approved betting partner for major Australian sports organizations such as the NRL and the Australian national cricket team.

Betfair Australia offers a premium betting experience with a wide range of sports and racing events. Since they’re a betting exchange, Betfair provides a few completely unique features, like:

Betfair Live Online Betting – Bet Live Without Calling! 

As you probably know already, Australian laws forbid local bookies from taking live bets online. However, since Betfair is a betting exchange, they can take live in-play bets on their website. This makes Betfair the only betting site in Australia where you can place live bets without picking up your phone!

However, some users may find the platform’s design and navigation less intuitive compared to traditional sportsbooks, meaning that you may need some to get used to it. You can visit our full Betfair review, where we explain everything in great detail.

Pros of Betfair
  • Higher odds than regular bookies
  • The only betting exchange in Australia and a very reliable operator
  • The only bookie in Australia where you can bet live online without calling
  • The only betting sites where you can lay bets (betting on a negative outcome, like betting on a horse to lose a race)
  • Excellent coverage of local and international sports and racing
  • The Betfair Hub is a great source for betting tips, guides and news
  • Betfair offers a fantastic betting app for iOS and Android devices
  • Excellent selection of payment options, including PayPal, POLi, BPAY, major cards and PayID
Cons of Betfair
  • It takes some time to get used to this way of betting
  • No live streaming
  • Since it’s a betting exchange, there aren’t that many different markets available
betfair betting review
Check out our full review to learn everything there is to know about Betfair. The review covers everything from how to start with exchange betting to a deep dive into all the Betfair’s betting features.
Betfair Review

Horse Racing Betting with Betfair

Betfair Australia offers an extensive range of horse racing betting options, covering both Australian and international events from countries like the UK, the US, Ireland, and New Zealand.

One standout feature of Betfair’s horse racing betting is the option to lay horses, meaning you can bet on horses to lose, which isn’t available at any other betting site in Australia. This unique opportunity, combined with in play betting feature that allows you to back or lay off a horse during a race, sets them apart from their competitors.

Winning bets have a commission of around 5% or less, which means the exchange doesn’t need a high margin like traditional bookmakers. That’s why Betfair provides better odds than the Australian TABs, making it a more appealing option for horse racing enthusiasts. They even have a ‘best of’ feature that ensures you get the best payout between three major TAB markets and Betfair’s price.

Sports Betting at Betfair

Betfair Australia offers an extensive range of sports markets, catering to the most popular Australian sports like NRL, AFL, and cricket, as well as international leagues such as soccer, tennis, and basketball. The platform is easy to navigate, with the best sports odds neatly organized by sport and quick links to live odds on the right side of the screen.

Similar to horse racing, Betfair allows you to lay bets on sports, which can be more complex than traditional bookmaker betting but highly rewarding once mastered. Betfair’s Betfair Hub provides plenty of guides to help you learn the ins and outs of exchange betting.

Betting markets often open closer to the event, with more popular sports and events more likely to feature attractive odds. Since this is a betting exchange, you probably won’t find all the advanced sports markets as at traditional betting sites. However, all the popular markets, like match winner, half-time betting, first scorer, winning margin, totals over/under and handicaps, are all available at Betfair.

Betfair Bonuses and Promotions

Australian betting laws forbid bookies from advertising betting bonuses to unregistered customers. However, this doesn’t mean that betting promotions are banned altogether. You can still use Betfair bonuses, but you’ll first have to register and verify an account.

There is no welcome bonus in the traditional sense of the word, but you can claim any available betting offers as soon as you register an account. Betfair is known for offering free bets and deposit bonuses to registered customers, as well as a range of seasonal promos for big races and sports events.

Betfair Betting App

The Betfair Australia mobile app is available for both Android and iOS devices. The app includes every feature from the desktop site, such as back/lay betting, price graphs, The Betfair Hub, and saved favourite markets. The home page provides quick links to all essential pages, ensuring a seamless user experience.

The Betfair app’s key advantage is that it’s the only mobile app in Australia to offer a betting exchange with usually the highest odds on the market. However, the app’s navigation and the new style of betting can be challenging to use, especially for first-time customers.

betfair homepage mobile screenshots

App Store rating: 4.7 ⭐️

Play Store rating: 4.1 ⭐️

Download the Betfair app now

Read the Betfair review

betfair mobile screenshots

The Betfair app is straightforward to use. It’s easy to browse the upcoming games and races or jump to the live betting section. You can also visit the Betfair Hub directly from the home page.

Betfair Payment Methods

Betfair offers an excellent selection of popular payment methods, including PayPal, POLi, BPAY and all major credit cards. You can even deposit with some less common banking options, like PayID and Osoko. E-wallet fans will be pleased to hear that you can also deposit via Skrill and Neteller, which is something that’s available only at a handful of other betting sites.

However, Betfair offers a lot fewer withdrawal options. At the time of writing, you could withdraw only via bank transfer or PayPal. While PayPal withdrawals are pretty quick and usually take under 24, a bank transfer will take between 1 and 3 working days, which can be too long for some players.

Betfair payment methods & withdrawal times
betfair payment methods
Up to 24 hours
1 – 2 working days
1 – 2 working days
Pay ID
Bank EFT
1 – 3 working days

Betfair Customer Support

The biggest downside is that Betfair doesn’t have a live chat option. But on the positive side, their phone support is available 24/7. The other option is to send them an email. You’ll usually get a response within 24 hours, but if it’s something urgent, we recommend calling them.

Other Promo Codes

Betfair isn’t the only Aussie bookie to offer betting bonuses. Check out the other reputable betting sites that also have similar offers for sports and racing bettors.


How can I claim the Betfair bonus promo code?

To claim the Betfair bonus, visit the official website, register an account, verify your identity, and make your first deposit. Head to the ‘Promotions’ section to find the bonus offer and follow the instructions to claim it. You don’t need to enter any promo code to claim the Betfair bonus.

Is Betfair good for horse racing betting?

Betfair Australia offers extensive horse racing betting options, including Australian and international events, unique features such as lay bets, and better odds than Australian TABs. To learn more about horse racing betting with Betfair, visit our detailed page.

What kind of Betfair betting bonuses can I expect?

Although Australian betting laws prevent advertising bonuses to unregistered customers, Betfair offers free bets, deposit bonuses, and seasonal promos for registered users. However, you’ll first have to register an account to see any available offers.

Does Betfair have a mobile app for betting on the go?

Yes, Betfair offers a mobile app for both Android and iOS devices, featuring all the functionalities of the desktop site, including back/lay betting, price graphs, The Betfair Hub, and saved favourite markets.

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