Betfair is a Betting Exchange, there is no bookmaker on Betfair, just people exchanging bets. They have removed the bookmaker and his hefty margins from the betting process and replaced them with a community of punters who put their knowledge to the test against each other.

Conditions: Cashback is awarded when you open a new account and deposit £10 or more. Your transaction will initially track in at 0.00. When you have deposited the required amount a new transaction with the correct cashback will track in to your account within 30 days.Bets must be placed within 30 days of opening your account to receive cashback.