Betfair Rewards Plan
At the beginning of October 2019, Betfair introduced a brand new rewards program which gives all customers the choice of three plans, each with various benefits including a new lower commission rate of just 2%!
- Betfair Rewards Plan Account
- Betfair Rewards Plan Sign Up
- Betfair Rewards Plan Login
- Best Betfair Rewards Plan
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. The basic rewards plan basically excludes you from any interim promotions but gives you a 2 per cent commission on net winnings on Betfair exchange markets. I am sure that this will be attractive to many people. The other two schemes give you varying commissions and varying incentives to take up additional offers that take place. Functional Cookies. These are cookies such as language or font preferences that are used to give you a better customer experience. They are usually only set in response to actions made by you and are stored for the duration of the session or slightly longer. 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. I am on the Betfair 'basic' rewards package and have been ever since the system changed, and we had to choose one. It suits me perfectly. I've received a email today entitled 'important account information' and it tells me that 'the value of your.
Since Betfair Exchange launched back in 2000, it has been considered the biggest and best betting exchange by many in terms of available markets and liquidity. One aspect of Betfair Exchange which has perhaps let other betting exchanges compete in the market is their above-average commission rate of 5%. However, with the new Betfair Rewards program, customers can get a new lower rate of just 2% along with additional benefits depending on the plan they choose.
Customers can choose one of three plans with the basic details of each plan being listed in the table below.
As you can see, there are pros and cons for each plan. With the Basic plan, you get the low commission rate of just 2% but you are excluded from promotions. With the Rewards and Rewards+ plans, you get access to promotions and some additional benefits but pay a higher commission.
Below is an image which may help you compare plans and decide which one is right for you.
We expect the majority of Betfair Exchange users to opt for the Basic plan due to the huge difference in commission rates. If you’re a matched bettor or trader then it’s likely that you’ll be making a large number of lay bets on a daily basis and a difference of 3% commission is additional profit on each trade. There may be a small number of customers who do not place a large number of exchange bets and choose to participate in some of Betfair’s promotions such as their 3/1 horse racing offer on ITV races which is very popular. These users may opt for the middle ‘Rewards’ plan which isn’t too different to what the majority of customers were getting prior to Betfair releasing Betfair Rewards.
How to Choose your Betfair Rewards Plan
Betfair Rewards was introduced at the beginning of October 2019 and customers have until 31st October to select which plan they would like to be on. If you do not select a plan before this date, you will automatically be enrolled onto the Rewards plan and as this is similar to the terms prior to Betfair Rewards, you shouldn’t see much difference apart from the addition of a £5 free Acca bet each month and the other perks listed in the table above. However, if you don’t select your plan before the end of October, don’t panic as you can change which plan you are on simply by contacting Betfair support.
To select your plan, simply log into your Betfair account and head to the Betfair Rewards page by clicking on ‘My Account’ > ‘Promotions & Rewards’ and then on ‘My Betfair Rewards’.
You’ll see the three available plans along with details of what you get with each one. Simply click on the ‘Select Plan’ button next to the corresponding plan and you will be enrolled onto that plan. The exchange commission of the plan you select will take effect immediately and so if you chose the Basic plan, you can enjoy 2% commission from that point onwards.
Should you wish to change the plan you are on at any point, simply contact Betfair support who will action the change. Change of plans can be requested at any time and will take effect onthe 1st day of each month.
Betfair Rewards Summary & Additional Information
1. You have until the end of October 2019 to select a Betfair Rewards plan. If you do not select a plan before this time, you will automatically be enrolled onto the ‘Rewards’ plan which has a commission rate of 5%
2. If you wish to change your plan, contact Betfair support. Changes to plans take effect on the 1st day of each month.
3. If you currently receive a discounted rate on Betfair Exchange to Betfair Points, this will not apply whilst you are opted into a Betfair Reward plan.
4. In order to receive the additional bonuses such as the Free Acca Bet and the 10% Refund on Losses, you must meet the minimum bet requirements each month. You are required to place bets in at least 20 Exchange markets each month to receive the rewards.
5. The maximum amount you can receive each month from the 10% Refund on Losses perk is £100.
6. Refund on losses and free bets are credited on the 1st of each month should you be eligible to receive them.
- 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!
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.
Betfair Rewards Plan Account
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!
- 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 Rewards Plan Sign Up
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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