bets money

Remote (or online) gambling is the largest combined sector by GGY. With 3.1bn GGY, it comprises 52.3% of the overall market in this reporting period. Online casino games dominate the sector, generating 1.9bn in GGY, mostly from slots games. GGY for remote betting totalled 1.0bn, led by football and horse betting.

All forms of online gambling are licensed by the Gambling Commission and therefore can be legally provided in the country under a licence from the commission. The commission's site has details of both licensed operators and applicants.

For this reason alone, Betfair has no reason to ban or close your account when you should win. This is what Betfair first became famous for; peer-to-peer betting. Whilst the Exchange account won't be closed for winning, there is an additional commission rate.

Trading the Betfair markets is most definitely a genuine earning opportunity and for those who are determined and committed enough, it certainly can and does replace a full time job. And then some.