Corporate & Product Overview
Our Vision
Betfair's aim is to become the pre-eminent wagering platform for punters across the Australasian region.
We want to become the logical first choice for punters by providing the best value and customer service within a highly secure environment. We are committed to investing in cutting-edge technology and web design to maintain a standard that leads the wagering industry.
We are driven by innovation and fairness and committed to working alongside governments and regulators to maintain the integrity of racing and sports.
About Betfair Australasia
Betfair is the world's largest betting exchange. We offer fixed odds betting, much like a bookmaker, but our customers set their own odds and effectively bet against each other. Betfair acts as the counter-party to every transaction. Punters on our site can only bet with money they have in their account.
Betfair operates in a number of countries. We have more than 3 million customers worldwide, 85,000 of whom are in Australia and New Zealand. Betfair's Australasian operations are regulated by the Tasmanian Gaming Commission under the Gaming Control Act (Tas) 1993.
Betfair Australasia is a 50-50 joint venture between Crown Limited (ASX listed) and Betfair Group plc (listed on the London Stock Exchange). Betfair's Australasian operations are based in Hobart, with more than 110 staff working in our state-of the-art data centre. A further 40 are based at our Australian corporate headquarters in Melbourne, as well as in Sydney and Brisbane.
Betfair is a major investor in new technology, producing one of the fastest, most resilient and secure betting platforms available on the internet. The web platform processes more than 5 million transactions on an average day, with 99.9 per cent of those completed in less than a second.
The company has twice won the Queen's Award for Enterprise - the only betting company in the world to achieve this level of recognition.
Betfair Products
Betfair provides a one-stop-shop for customers with a suite of wagering products across different channels and platforms including Tote and multiples, exchange betting and mobile platforms. Click here for more information.