Betfair Rewards Plan 5,0/5 3085 reviews
- Join Betfair Rewards+ scheme for free
- Get a 10% refund on any losses...
- Plus a £10 free ACCA bet every month!
Betfair Exchange are now offering both new and existing customers the opportunity to claim numerous rewards through their leading Betfair Rewards+ scheme.
Once you've joined the Betfair Exchange Rewards+ scheme, you'll be able to get your hands on 10% refunds, ACCA free bets, 25 free spins, and so much more every month.
Plus, if you're signing up as new Betfair Exchange customer today, you'll also get to claim an additional bonus in the form of a risk free £20 first bet on on their exchange!
The Betfair rewards is a new unique, promotion launched by Betfair. The offer gives customers more control about how they want to receive benefits. Betfair have devised three reward plans and customers can choose what reward plan they would like to be on. For each person you successfully refer to Betfair, you'll be awarded £10 in cash. Max referrals is 5. In order to receive the reward payment for each referral, the referred customer must: Set up a Betfair account using your referral code. Betfair have introduced a tiered rewards system that is available to all members on their site. Betfair Rewards, as they call it, aims to give you control of how much commission you pay, and allows you to choose a bonus/commission structure that suits you.
Betfair.com/EX offer a few different levels to their rewards scheme, but if signup using promo code VAL248, you’ll automatically get bumped up to the highest level they offer - Rewards+.
How to Join Betfair's Rewards Scheme
Betfair Exchange's Rewards+ scheme is open to both new customers and existing members with new account holders also getting to claim the Betfair Exchange signup offer.
If you do need to register to join Betfair Rewards+, simply use the promo code VAL248 at registration and they'll give you a risk free first exchange bet worth up to £20.
You'll also automatically be registered for the Rewards+ scheme which is the highest level.
If you're an existing member you simply need to visit Betfair's Rewards+ page on their website where you'll be able to opt-in to the scheme under the 'My Account ' section.
Once you've opted in, you will receive the same package, each month, until further notice.
The 'My Account' section will also let you see all of the available benefits that you can take advantage of once you've joined Betfair Exchange Rewards+.
Betfair Exchange Rewards+ Benefits
The Betfair Exchange Rewards scheme offers loads of fantastic benefits that can be taken advantage of every month. The main highlights on offer with Rewards+ include:
- 10% Refund - If you make a net loss in a calendar month, they'll refund 10% of those losses on the first working day of the following month.
- £10 Free ACCA Bet - Betfair Exchange will credit your account with a free bet to use on an accumulator every month.
- 25 Free Spins - Get free spins to use on Age of Gods every month.
- Cash Race + Extra Prizes - Be in the running for the Cash Race, and you’ll also be eligible for boosted prizes if you win.
- 2 Free Play(s) on Beat The Drop – Betfair Exchange offer to credit you with 2 free play(s) on Betfair Beat The Drop where you could win up to £32,000.
- 8% Commission - You’ll only pay 8% commission on net winnings in Exchange markets.
So if you’re a regular punter who's looking to maximise the return on your betting every month, you won’t want to miss out on joining the great Betfair Exchange Rewards+ scheme!
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- Betfair Exchange
Rewards+Join Rewards+ today for a 10% refund on all losses & a £10 free ACCA bet each month! 18+ T&C’s Apply.
More Info >Claim Offer - Betfair Exchange
Refer & EarnHow to earn up to £100 in bonus bets by referring friends to Betfair's Exchange. 18+ T&C’s Apply.
More Info >Claim Offer
Betfair Exchange offers a novel way to bet, as it offers person to person betting instead of the more traditional way of betting which is against the actual British Bookmakers.
This is a great option as you’re more likely to be betting at the best odds going.
Betfair.com/EX also offer lots of brilliant and innovative betting offers, bonus bets and moneyback specials that you can take advantage of once you've opened your account.
Whatever sport you’re looking to bet on, head over to Betfair's Exchange as you’re more than likely to find odds on it amongst their superb range of markets and betting opportunities.
Betfair Exchange Rewards+ Key Terms
As is the case with most bookmakers loyalty programs, there are a few significant terms that you should be aware of before taking advantage of the Betfair Rewards+ scheme:
- There are 3 levels in Betfair's Rewards scheme, Basic, Rewards and Rewards+. While new signups start on the Rewards+ level you can always change to any of the other levels.
- Some benefits in the Rewards and Rewards+ levels require a minimum number of Exchange bets to be placed and settled each month to qualify for the reward.
- Your free bet, the 10% refund on any losses and the 2 free plays on Betfair Beat The Drop will be credited monthly on the 1st working day of every month.
- The first Exchange bet you place must be within 7 days of registering your new Betfair account and must settle in this period to qualify for the risk free bet offer.
This market leading rewards programme is pretty easy to get started with, visit Betfair.com/EX to find out more about the Rewards scheme on offer to new and existing members.
Betfair Exchange Rewards+ Terms & Conditions
Bonuses and free bets credited on first working day of the month. Minimum 20 markets per month to qualify for bonuses. Max £100 refund on refund on losses. T&Cs apply. New customer offer: Max £20 cash refund, applies to bets on the Exchange. Bet must be placed in first 7 days of account opening. T&Cs apply.
Offer URL: https://promotions.betfair.com/exchange-ret-uk-my-betfair-rewards-plus
10% Refund on Losses - You must place bets in at least 20 Exchange markets each month (and those bets must settle in the same month) to receive this reward. If you make a net loss across your Exchange bets during the month (including commission charges), we will credit you with a refund of up to 10% of those losses, up to maximum of £100 per customer per month. You will receive the credit on the 1st working day of the next calendar month. £10 Free Acca - You must place bets in at least 20 Exchange markets each month (and those bets must settle in the same month) to receive this reward. You will be credited with your free sportsbook bet to be used on bets with at least two selections. You will receive the credit on the 1st working day of the next calendar month. 25 Free Spins - You must place bets in at least 20 Exchange markets each month (and those bets must settle in the same month) to receive this reward. You will be credited with your free spins to be used on “Age of Gods”. You will receive the credit on the 1st working day of the next calendar month. From the Promotions Hub, you will be able to accept your free spins and start playing any of the eligible games. Each free spin will hold a value of £0.20/spin. Your free spins expire after 7 days of accepting them, if they are not used. Winnings from the free spins have no wagering requirements. 2 Free Play(s) on Beat The Drop - You must place bets in at least 20 Exchange markets each month (and those bets must settle in the same month) to receive this reward. On the 1st working day of the next calendar month you will be credited with two free play(s) to be used on Beat The Drop, where you can win up to £32,000. Free plays will expire 30 days after crediting. More info on Beat The Drop here https://beatthedrop.betfair.com/. Cash Race - Extra Prizes - You will be eligible to opt in to the Betfair Cash Race whereby you can win cash prizes in return for hitting betting targets. Rewards+ package customers are eligible for 4 prizes instead of 3. More info on Cash Race here https://cashrace.betfair.com. 8% Commission - You will pay 8% commission on winning Exchange bets.
Not Signed Up To Betfair Exchange?
As with all of Betfair Exchange's betting offers, you'll need to previously have signed up as a customer at Betfair.com/EX to take advantage of their Rewards scheme.
If you aren't a member at Betfair yet then great, as you'll also be able to claim this special signup offer that Betfair reward all new exchange account holders with.
- Signup for an account at Betfair.com
- Bet at least £20 on their Exchange
- Get refunded in cash if the bet loses!
#Ad. New customers only, bet up to £20 on the Exchange and if your first bet loses, we’ll refund you £20 in Cash. Bet must be placed in first 7 days of account opening. T&Cs apply. Payment restrictions apply.
Not sure that Betfair's Exchange is the best betting portal for your needs? Check out the rating that we gave them below or compare bookmakers before you signup.
Simply one of the best betting exchange's you can currently bet at with roughly 15% better odds than traditional bookmakers.
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Betfair Exchange is the industry's most popular betting exchange. Until recently, the exchange took some pretty hefty commissions. However, in response to new competition, Betfair have released a new commission model which involves commissions as low as 2% on your winning bets. In this article, we'll look at how commissions work on the Betfair Exchange, with the newly implemented rewards plans.
What Is the Commission on Betfair Exchange?
Best Betfair Rewards Plan
The lowest commission available on the Betfair Exchange is 2%. This applies to all winning bets, and is calculated based on net winnings, which is the total profit from a bet plus the original stake. In other words, if you win a £100 bet at 1.5 odds, you'll pay 2% of £150, or £3, in commission. The commission on Betfair Exchange can rise to 5% or 8% if you choose to sign up for one of Betfair's new rewards plans. While this might not sound so attractive, it can be a good trade-off for casual punters. Of course, if you have a betting strategy that profits consistently, you're better off sticking with the 2% commission.
Betfair Rewards Plans
As mentioned, commissions on the Betfair Exchange depend on which of Betfair's rewards plans you are signed up to. There are a total of three rewards plans. While they cost nothing to sign up for, they each have their own pros and cons.
Basic
Betfair's Basic rewards plan is exactly what it sounds like: basic. This plan offers no rewards; in fact, it even disqualifies you from some of Betfair's promotional offers. However, the Basic rewards plan allows you to make use of the minimum, 2% commission rate.
Rewards
The next rewards plan offered by Betfair is called Rewards. This plan will increase your Exchange commission to 5%, which is a big jump. In exchange, Betfair provides a fair few bonuses for users of this plan. First of all, users on this plan will get a free £5 accumulator bet every month. What's more, they'll get 10 free spins a month on Betfair's Age of Gods. They'll also get access to the Cash Race promotion. Last but not least, users on this plan will get to play Betfair's Beat the Drop for free, once a month, with the chance to win up to £32,000. There's no doubt about it: this plan is definitely less favourable for professional sports betters, who'll lose out on a further 3% of their winnings for mediocre rewards. But for the casual punter, with just a few hundred pounds to play with, this plan is a lot more interesting.
Rewards+
The third and final rewards plan on Betfair is called Rewards+, or Rewards Plus. This plan increases your commission rate to 8%, but the rewards are even better. Perhaps the most interesting reward on this plan is that users will get 10% back on their losses, on a monthly basis, per the terms and conditions. Aside from that, users on this plan get similar, but more significant benefits to users on the Rewards plan. This includes a free £10 accumulator every month, 25 free spins every month, extra prizes for the Cash Race promotion, and two free plays of Beat the Drop every month.
Once again, the Rewards+ plan isn't too interesting if you consistently profit from sports betting. However, it can be beneficial for casual punters, who don't always turn a profit.
Which Betfair Rewards Plan Should You Choose?
So, we've looked at the three rewards plans offered by Betfair and how they affect your commission rate on the Betfair Exchange. But which plan should you choose? If you have a betting system that allows you to make more than £200 a month, like Hinto, we'd absolutely recommend sticking with the Basic plan. If you mainly bet for fun or make less than that, we think the Rewards+ plan is the way to go, because of all the fun and exciting rewards it offers. Truth be told, we can't see too many reasons to go for the middle-tier Rewards plan. Either you're making some decent money with sports betting, in which case you'll want the lowest commission, or you're not, in which case you'll want all the rewards you can get.
How Do Rewards Work with Betfair Premium Charge?
Betfair Rewards Plan App
Unfortunately, there's a separate commission for the most profitable Betfair users called Betfair Premium Charge. No matter which rewards plan you choose, you'll be hit with the Premium Charge if you meet certain conditions, which are related to how much you profit versus the amount of commission you pay.
How to Reduce Betfair Exchange Commissions
If you're already on Betfair's Basic rewards plan, there's nothing you can do to reduce your commission rate any further. If you're on either of the other two rewards plans, you can of course change to the Basic plan to pay lower commissions. As for Premium Charge, there's unfortunately no feasible way to get around it, as we explain in this article.
Forget Commissions and Improve Your Results!
If you're getting caught up with Betfair's commissions, it might be because you're not seeing the betting results you had hoped for. Our betting algorithm, Hinto, allows you to turn a real profit on sports betting, even after accounting for Betfair's fee! Based on years of sporting data and advanced machine learning techniques, we've perfected a strategy for finding the best sports bets out there.
Final Thoughts
Commissions on the Betfair Exchange can be as low as 2% of your net winnings, if you opt for the Basic rewards plan. There are a total of three reward plans, and the other two sacrifice a low commission rate for monthly rewards and promotions. In general, we recommend sticking with the commission-friendly Basic plan if you're a profitable better; otherwise, you can consider the Rewards+ plan for some more excitement in your punting adventures.In any case, don't get too caught up with how much commission you're paying. If you're using the right betting system, like Hinto, you can turn a monthly profit even with the heftiest commissions!