Betfair is a UK based company that provides online sports betting and gambling related activities. The company launched Betting Exchange in 2000 which facilities customers to bet at odd sought by them or offered by other customers and thereby eliminating the need of traditional bookmaker. It resembles a stock market where punters can either back (i.e. buy) or lay (i.e. sell) an outcome on a race or a sporting event. The company is also having online wagering business in the US and an exchange that enables clients to trade directly with market makers in Forex, Spot Gold, Oil and CFDs. The company also offers ratings to horseracing punters.


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