Betfair Bonuses High Stakes Betting, Banking & Loyalty

A betting limit is the amount of money a single customer can use to stake across any given bet, over a daily, weekly, or monthly period of time. Many bookmakers have a set limit on the number of bets a customer can place or the total amount they can stake on all bets on a daily, weekly or monthly basis. These limits aim to limit customers, so their maximum payout does not exceed the set threshold by bookmakers. Betting limits also help any gambling addict to practice responsible gambling. A lot of high roller bookies do not set betting limits for their high roller customers. At Betfair, the minimum amount a customer can use as stake is £1. Since the betting amount largely influences the payout amount, Betfair has not set a betting limit, but instead, the bookmaker has set the maximum payout at £1 million. Depending on their cash balance in their accounts, customers can bet as much as they wish as long as their payout does not exceed the £1 million threshold set by Betfair.

It is common for bookmakers to close down customers’ user accounts. The termination of membership may be due to the breach of the bookmaker’s terms of service. Once customers go against the terms and conditions of bookmakers, they are at risk of their accounts being restricted to access any services offered by bookmakers. Some bookmakers do not allow professional bettors. These are bettors who bet for a living, and in most cases, their winning rate is usually very high. If bookmakers spot such a customer, they immediately restrict their user accounts or even close down the accounts. Bookmakers prefer standard bettors, those that bet more than they win. Betfair does not restrict customers’ accounts for having a high winning rate. Customers accounts can only be restricted if fraud is detected. The bookmaker allows customers to bet and win as much as they want to. High roller customers at Betfair can also bet and win as frequent as they wish without their accounts facing any possible restrictions.

Best Odds Guaranteed is a common promotion for all horse races and greyhounds races in the United Kingdom that bookmakers offer to their customers. The promotion consists of awarding customers with the biggest odds. If the odd they took was lesser than the starting price on the races, customers will be paid with the bigger odd at the end of the race. Betfair offers Best Odds Guaranteed on all its daily horse and greyhounds races in the UK and Ireland. If customers had placed a bet on an odd that is lesser than the starting price, they will be paid with the biggest odd of the starting price. This way, customers will have more winnings at the end of the races. The promotion is open to all Betfair customers.

All punters expect betting companies to keep their data very confidential and beyond the reach of any third parties. There are so many frauds happening around the internet and leak of customers’ details may cause a huge problem for customers and a loss of confidence in bookmakers’ security system. It is up to betting companies to ensure they protect customers’ personal data all the time. Betfair acknowledges that their customers’ data protection and online security is very important and should, therefore, be kept confidential at all times. All customers’ identity information and banking details are safe with Betfair as the bookmaker terms it as a priority to keep the information safe and away from intruders. To do this, the bookmaker has a mature framework that is based on advanced technology to help Betfair protect customers’ personal data from unauthorised access. Pseudonymization and encryption are used to protect any information provided by customers to lock out hackers from accessing it. Therefore, when providing their personal information to Betfair, customers should be sure that the information will be kept confidential.

Having a variety of banking methods makes it easy for customers to deposit or withdraw funds from their user accounts. These banking methods should also include internationally available methods to make it easy for international customers to deposit or withdraw. The use of debit cards and e-wallets by bookmakers is part of the strategy to allow international customers to fund their accounts. Betfair is among the debit card bookies that allow deposits and withdrawals using debit cards. Betfair also accepts some methods such as

• Neteller
• UKash
• Instadebit
• PayPal
• Bank Transfers
• Web Money
• Skrill
• Paysafecard
• MasterCard
• Visa debit cards
• Western Union

All these methods are acceptable by Betfair and customers can, therefore, use them to move money to their accounts, as the methods are secure. All deposits made using the stated methods are instant while withdrawal times differ depending on the withdrawal method used. Before choosing any withdrawal method, Betfair allows customers to first withdraw their net deposit amount using the same method they used when making the net deposit. The net deposit means the initial amount that customers had deposited into their accounts before making any withdrawable profits. When creating user accounts at Betfair, customers are asked to state their convenient currency before they proceed to make any deposit. Therefore all future transactions must be made using the currency the customer chose. For security purposes, all banking methods must be verified by customers and approved by Betfair.

Betfair has not set any limit as to how much a customer can withdraw at a go. However, some withdrawal methods used have set their own daily, weekly, and monthly withdrawal limit. Visa for instance, only accepts withdrawals of up to £5,000 per day. It customers reach their withdrawal limit with Visa; they can only request another withdrawal after 24 hours. Some withdrawal methods such as Bank Transfers do not have limits at all, and customers can withdraw as much as they wish per day or weekly. However, the minimum amount a customer can withdrawal is £25. There is a small fee that customers may be charged depending on the method they use to withdraw their funds. The withdrawal methods that charge customers will display their respective charges in customers’ accounts. However, some withdrawal methods do not charge; therefore no fee will be applied. It is also important to note that all ‘net deposit’ withdrawals, as earlier mentioned, do not attract any fee.

Betfair has not set any limit to the amount of money customers can deposit. However, the minimum allowed deposit is £25. Many high roller bookies like Betfair, do not limit customers as to how much they can deposit to their user accounts. This is a great move as standard, and high roller customers are free to deposit as much as they wish and place as many bets as they want. Some deposit methods such as debit cards attract a 1.5% fee for all deposits made to Betfair accounts. All deposits are instant.

Yes, it is possible for customers to place large football bets at Betfair. The bookmaker has not set any limit to the kind of bets customers can place. Customers are allowed to stake as high as they wish as long as the payouts they receive does not exceed £1 million per bet. This is beneficial to all high roller customers as they can stake as high as they wish on football or any other sport. Standard account holders at Betfair can also place large football bets as many times as they wish as long as they do not exceed the £1 million threshold on payouts on all bets placed.

Betfair has not set any limit to the bets placed or the amounts used to stake the bets to any of their customers. However, there is a limit to the total amount of payout a customer can receive per day. Customers can stake as high as they wish, or place as many bets as they want, but Betfair will not accept total payouts higher than £1 million per day for every user. Bets do not have a maximum stake amount, but the payouts are limited to £1 million per day.

Yes, Betfair is very discreet with its customers’ personal information as well as their betting activities on Betfair. The bookmaker has set up a security system that deters an unauthorised access to all customers’ details. It encrypts all customers’ personal data using advanced technology to ensure that the data does not fall into the hands of unauthorised persons. Customers’ data privacy is something that the bookmaker takes seriously, with utmost confidentiality.

Yes, it is important that customers provide all their correct identity details to Betfair. Customers should also be able to verify their identities, should the bookmaker ask them to do so, by availing the necessary documents as requested by Betfair. Betfair will close down any customer accounts if they are not able to verify the customer’s identity, or the customer’s identity is questionable. This is part of the security measures by Betfair to prevent some customers from conducting any fraudulent activities.