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Is it safe to bet on a Betfair copy?

If we want to be honest, the punters will always feel safer by placing their bets on a brand they trust. After all, their money is in line, their investment and every bettor would like to avoid any unpleasant surprises. Having said that, it is more than expected to see the punters being a little bit more hesitating when it comes to choose a Betfair copy over the first exchange of its kind, the popular and players favorite Betfair. We understand that the more than 20 years of experience, the excellent marketing the betting company has done throughout the years, the players’ satisfaction and of course the safety and fairness coming from the fact that the brand holds licenses from some of the strictest authorities in the world (e.g. MGA, UKGC), have made Betfair a legend of the industry.

 

Hence, the punters find it difficult to accept and trust anything else. But is this approach correct? The answer is no, as the Betfair copies are – in fact – Betfair with a different name plus some extra benefits, making them a little bit more luring to the punters than even the mother company. In the following article we are going to analyze everything regarding the Betfair copies safety, so you have the chance to weigh up your choices a little bit better next time.

 

Are the Betfair copies legit?

One of the biggest concerns the punters have when they are about to choose a Betfair copy, is if their money and their personal data will be safe. Of course, these concerns coming out from the fact that those brands are new comparing to any other of the betting exchanges out there, but the truth is that you should feel as safe as you would be if you would choose Betfair.

The reason about that is that we talk about Betfair powered betting exchanges. This means that apart from the change in the name of the brand and the licensing everything else is almost the same. But more on that will be analyzed a little bit later. The next question you would probably make is why a Betfair copy won’t choose to be licensed by the same authorities Betfair get a license from. The answer is very simple, but it comes with two parts.

The first part suggests that by having an MGA or an UKCC license, the brands won’t have the chance to offer their services to almost every country in the world, something that can happen only through the Curacao license. And the second part concerns the account verification process. In both the aforementioned jurisdictions the KYC procedure is extremely harsh, time-consuming and with many extra steps. That is not the case when the Betfair copy operator holds an NV license and that means that the punters will save time and effort, focusing mostly on their betting activity.

Excluding the part of the licensing, you still have to do with Betfair. On a Betfair copy you will see a very similar layout, maybe with the change being just the color of the brand. You will also get the same number of sports, extra bets on every match, number of leagues and of course the same odds, liquidity and speed on the betting acceptance, when the talk goes to live betting.

There are things, though, that are very different on a Betfair copy and that works – believe us – in favor of the players. For example, a Betfair copy comes with a lower commission to the punters’ winnings. While Betfair’s fee starts from 5% and it will be deducted according to the bettor’s activity as the time passes by, the Betfair copies come with a commission starting from 3% (Winfair24) and goes up to 3.5% (OrbitX) and 4% (Whitehorse, Piwi247 and more). That means that from the very beginning, the final income of the punters will be much higher than it would be on Betfair.

At the same time, apart from the easier and the more lenient KYC that we talked about before, you should have in mind that the withdrawals in the Betfair copies will be completed much more quickly. Especially thanks to the addition of the cryptocurrencies in the available payment systems for both deposits and withdrawals, the players will have the chance to lay their hands on their winnings withing just a few minutes.

Another fact you should have in mind regarding the Betfair copies is that you can place your bets without giving away your personal information, especially if a betting broker will be involved. The reason behind that is that you will not have an account directly with the Betfair copies, but with the brokerage services and all your bets will be processed through the latter. That leaves you safe and sound that your personal information will not be available anywhere else, but just on your broker. And last but not least, betting on the Betfair copies through a licensed in Curacao broker, just like Brokerstorm, will give you the chance to place arbitrage bets, without limits being set to your account.

In case you have been looking for the best possible broker service to start placing your bets on the best Betfair copies, then for sure you should choose Brokerstorm, as you will have the chance to handle 5 different operators through just an account, and the most important, without the usage of a VPN service. Register now at Brokerstorm and place your bets on the top Betfair copies globally.