BetFair Grand National Free Bet

Betfair represents a unique concept in horseracing betting, offering the world’s largest and most reputable betting exchange. Betfair offers a signup bonus to every new account in the form of a Grand National free bet.

Site Features

Along with these intriguing options for using your Grand National free bets, Betfair also offers:

• Live betting that enables you to place bets whilst a game is in play.
• Excellent security – all transactions on Betfair are secure, and further your identity is never revealed to those you bet against.
• A User-friendly interface that provides everything from basic summaries of the best betting opportunities of the day across a range of sports, to in-depth exchange information on your chosen event.

More about Betfair

Betfair is the world’s leading betting exchange. As the pioneer of online betting exchanges, Betfair claimed the Queen’s Award for innovation in 2003.

How does a betting exchange work?

Betting exchanges operate according to a simple principle that sees competing bets matched against one another. As is the case with conventional betting you are able to bet on outcomes or selections. However where Betfair differs is that you are also able to bet against an outcome.

For example, you can place a Grand National bet on Butler’s Cabin to win the 2008 Grand National. If you win you will get paid out the odds – this is described as a back.

However, you can also bet against Butler’s Cabin winning the 2008 Grand National – this is known as a lay. Betfair’s role is to match your lay with an applicable back. If Butler’s cabin wins the 2008 Grand National, the backing bet wins your stake. If Butler’s Cabin loses you win the amount staked by your match.

Another unique feature Betfair offers is that it allows you to set your own odds for any event. So, for example, if you want to bet on Butler’s Cabin at Grand National odds of 50/1 you are able to do so, providing there is somebody willing to place a lay bet at the same odds. However you can also make use of the odds provided by the Betfair bookmakers.