Claim £70 in Horse Racing Free Bets at the Betfair Exchange with New Promo Code

Claim £70 in Horse Racing Free Bets at the Betfair Exchange with New Promo Code

Betfair is one of the best betting sites and part of their overall appeal is the fact that they also operate a betting exchange.

This is a person-to-person way of betting and there is often bigger prices available through the exchange compared to the fixed-odds site. There is also the opportunity to “lay” a selection and essentially take on the role of a bookie.

If you haven’t yet tried out the Betfair Exchange, the good news is that they are currently offering racing customers the chance to claim £70 free bets and this is as good an offer as there has ever been for new players. It’s a nice straightforward promotion which is proving popular and we recommend you check this out.

.£70 In Exchange Free Bets When You Place a £10 Bet On Racing

How to Claim £70 in Racing Free Bets

You need to be based in the UK or Republic of Ireland to qualify for this promo offer. Simply go ahead and register a new Betfair betting account using promotion code ZSKAKW and there needs to be a minimum deposit of £10 using a bank card.

Once you have a funded Betfair balance, you can then go ahead and place a minimum £10 horse racing bet on the Betfair Exchange. It’s important to note that you need to back a selection that is trading at 1/5 (1.2) or bigger in order to qualify for this promotion.

When Do I Receive My £70 in Racing Bets?

The Betfair Exchange will credit your betting account with £40 in free bets upon bet settlement and you will also get a further £30 in free bets the following day. Therefore, £70 free racing bets are up for grabs and that is a fantastic way of getting started, with customers able to place back and lay selections with these free wagers.

When you have received your £70 in racing free bets, they will be valid for seven days and they can be redeemed on any exchange betting market providing that the odds are 1/2 (1.5) or bigger. To use any of your free bets, you simply need to go ahead and add a selection to your bet slip and there will be the automatic option to use part of a free bet balance.

.£70 In Exchange Free Bets When You Place a £10 Bet On Racing

How Does the Betfair Exchange Work?

The Betfair Exchange are one of the best horse racing betting sites which offers you the option to place horse racing bets the normal way. Indeed, many customers simply go for the “back” option every time although you are betting against other customers rather than an actual bookmaker.

For example, if you see that there’s £100 available on a selection at 3.50, then customers are effectively prepared to take your stake at those odds and they are playing the traditional role of the bookie in the process.

It’s important to remember that Betfair simply host this exchange and take 5% of all winning bets from customers. It’s a person-to-person concept which is like the eBay of betting and that is why you’ll see different amounts of money underneath the odds.

.£70 In Exchange Free Bets When You Place a £10 Bet On Racing

How Does Lay Betting Work on the Exchange?

You might find that you don’t fancy the odds-on favourite to win a particular horse race. However, it might also be the case that you don’t have a strong opinion when it comes to the runner to beat this selection. Therefore, by “laying” the favourite, you automatically have all the other horses in the field to your advantage.

If a horse is 1/2 (1.5) to win a race and you want to oppose it, you might lay the horse to win £20 and would need to stake £10 to make this happen. It’s essentially the same thing as betting on a horse to win at odds of 2/1 in terms of payout.