Betfair Exchange New Jersey is one of the premier horse racing betting sites within the Garden State. The ability to use an exchange system to place Betfair horse racing bets from around the world gives users the chance to not only save money from low commission rates and true odds but the chance to wager on horse racing events that aren’t ...
Watch and bet live horse races legally from the comfort of your home with the world’s leading network. Gain an edge on the competition with insights from our experts and an amazing WELCOME bonus!
Beginning Oct. 1, Betfair will no longer accept exchange wagers from its New Jersey customers, ending a brief and unsuccessful experiment in the U.S. for a form of wagering that couldn't overcome ...
Betfair to Withdraw Unsuccessful New Jersey Betting Exchange. Offering no longer available from October 1 after failing to generate satisfactory results. Business model lacked popularity with bettors, failed to strike deals with key racing associations. NJ takeout structure saw customers pay 12% commission, compared to 5% charge in UK.
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The Betfair brand has been serving the online gamers fraternity since the launch of the Betfair Exchange in Europe at the turn of the new millennium. However, it only started offering its services to New Jersey players in 2013. That was when a bill permitting internet gambling in New Jersey was signed.
New Jersey has issued a license to Betfair that will allow the company to operate the first regulated online betting exchange in the United States. The licensing process took four years before the New Jersey Racing Commission approved a partnership between Betfair and Monmouth Park Racetrack in Oceanport NJ.
Betfair has announced that it is withdrawing from the NJ betting market due to disappointing results and because the state is getting its first sports betting exchange. Betfair entered the NJ market back in 2015, but generated a sports betting handle of just $12.4 million in 2018.
Bet on Horse Racing, your way. Horse Racing on the Betfair Exchange lets you set the odds yourself on over 341 Horse Racing events. Bet on top markets like Ffos Las 12th Aug, Salisbury 12th Aug or Chelmsford City 12th Aug. Choose from over 44 Horse Racing venues, and place a Horse Racing bet, either for an outcome (to Back) or against it (to Lay).