Australian Betting Exchange
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YOUR BETFAIR PUNTERS' GUIDE
 
2. OPENING AN ACCOUNT
Once you have registered with Betfair and your identity has been verified, you can deposit funds, withdraw funds and, most importantly, start betting.
Getting started
To open an account, go to www.betfair.com.
Click Open an Account at the top of the page.
Fill in your details
A new pop-up window ­ Open an Account ­ appears.
Fill in your personal details, such as your name, address
and a valid email address.
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Choose your account details
Scroll down the page and choose a username and password for your
Betfair account. You also need to answer some security questions.
STEP-BY-STEP GUIDE
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VERIFY YOUR IDENTITY
For regulatory reasons, withdrawals cannot be processed and you cannot transfer more than approximately $500 AUD
(or the equivalent in the currency on your account) per month to your Australian wallet until your identity has been verified. Once you have opened
your account, you will receive an email with a Betfair Verification form, which you must complete and take to any Australia Post Office or authorised
Betfair Verification Agent, together with identification documents listed in the form within 90 days. Verification can take up to 24 hours and is free of
charge. If your account has not been verified within 90 days, it will be suspended until the identity verification process is completed. If you fail to do
this within 12 months of registration, your funds will then be forwarded to the Tasmanian State Government in Australia. In this case, you will need to
contact the Tasmanian Government to recover any frozen funds.
Please note: Once your account has been identity checked, if over a 24 month period you have not placed a bet ­ matched or unmatched ­ on any
Betfair market or product, we are required to send any funds in your Australian wallet to the Department of Treasury and Finance in Tasmania as
Unclaimed Monies in accordance with the Unclaimed Moneys Act 1918. You will then have to contact the Treasury in order to recover these funds.
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BETTING
AS IT SHOULD BE.
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Open your account
Once you have completed all your details and agreed to the Betfair
terms and conditions and privacy policy, click Open Account at the
bottom of the page.
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Your account is now active
After you click Open Account, a new screen appears.
Your application has been successful and your account
is now active. Click Continue at the bottom of the page.
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Funding a Betfair Account
It is not essential to deposit funds into your account on registration,
but to start betting immediately you will need to credit your account
using one of our payment methods.
Betfair offer a number of payment methods for the convenience
of Australian users. Go to payments.betfair.com.au/ to view these
options, or alternatively Click on `My Account' at the top left hand
corner of the Betfair homepage after registering followed by `Deposit
Funds into Betfair'. BPAY is now available.
For further information, please phone our Helpdesk on 1800 644 738
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Deposit funds
After selecting your method of payment, you must fill in your
relevant details. For example, if you choose to pay by credit card,
you should provide your card details, select an amount to deposit
(minimum of $30), then give your login password. Finally, click Next
at the bottom of the page.
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Confirm your details
On the new screen, confirm your card details and the amount of
money you wish to deposit by clicking Next at the bottom of the
page. You then automatically return to the Betfair homepage, where
you are logged in and can start betting.
OPEN YOUR BETFAIR AUSTRALIA ACCOUNT NOW