Pros

Welcome bonuses are offered for both sportsbook and casino sections

Minimal geographic limitations on punters

Bet against other punters

Cons

An overwhelming array of bonuses makes it harder for punters to choose

About bonus

First on the list is the welcome bonus Betfair offers new customers. Betfair offers you as much as £100 in free bets when you sign up on the Betfair sportsbook section.

This offer has an interesting setup. As a new customer, you can make five wagers, each at least £/€10 and Betfair furnishes you with £/€20 free bet.

Here is where the tempo rises. Betfair allows you to wager up to five of these £10 bets. This means you can earn up to £100 in free bets.

This is a massive upgrade to what is ordinarily obtainable from the bulk of sportsbooks who only offer you 100% of your first deposit.

How to get a bonus

First, you need to sign up and verify your account. Verification is necessary to eliminate any regulatory bottlenecks that may arise when you attempt to withdraw from the account. 

Now with your account fully set up and verified, you are required to deposit at least £10 into your account to qualify for this welcome offer. 

While we have previously established that you can stake five times to ramp your free bets to £100, each stake must be on an event with at least 1.50 on odds.

Your events need to be fully settled before your free bets start creeping into your account. This should happen within 24 hours of your stakes being settled.

Even if you wager more than £10 on an event, Betfair recognizes that as one bet. Also, each of your qualifying bets must be staked on a unique market.

It is also worth emphasizing not all deposit channels are eligible for this welcome offer on Betfair. Specifically, first deposits made via Neteller and Skrill are not eligible for this bonus.

How to wager a bonus

When you successfully receive free bets from Betfair on this welcome offer, you must wager them within 30 days. 

How to withdraw a bonus

You can readily transact your deposits and withdrawals via credit card channels like MasterCard, Visa, and Visa Electron. There is also the option of electronic wallets like Neteller, Skrill, and PayPal. 

The most adopted payment medium on Betfair happens to be Paypal. Such preference for Paypal is understandable in light of its execution speed and zero operating cost.

While a traditional bank transfer on Betfair may take as many as five days, Paypal transactions are completed within 24 hours.