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BETFAIR EXCHANGE\n\n 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.

Betfair is a British gambling company founded in 2000. It operates the world's largest online betting exchange. Its product offering also includes sports betting, online casino, online poker, and online bingo.

The unnamed sports fan put together a 50-leg multi with Sportsbet and picked all 50 of his selections correctly to earn a total ofR$170,330.95.

The only transaction fee Sportsbet may charge is AUD$15.00 for international electronic funds transfers. Sportsbet sets a daily maximum win of AUD$500,000, unless otherwise negotiated. For sports and racing wagers the maximum betting limits depend on the event and bet type. Learn more.