The maximum payout is the most money a bookmaker or an exchange will pay out if you win a bet. This limit can be very different between betting platforms. It can range from thousands to millions of pounds, depending on the sport. Betfair has the highest payouts for football and horse racing bets — up to £1,000,000. For other sports like greyhound racing, tennis, golf, and cricket, the payout limits are much lower, capping at £500,000.
This article has more details on Betfair’s both sportsbook and exchange payout limits. Our table also compares them to other big UK bookmakers.
Betfair Sportsbook Max Payouts For Different Sports
Betfair sportsbook sets the payout limits for various sports hinge on both the nature of the bet and the specific sport. Here’s an overview of the top limits for several sports:
- Football. For prime football events such as the Champions League, Europa League, World Cup, European Championship, Premier League, Championship, League 1 & 2, and major European leagues like Bundesliga, Ligue 1, and La Liga, the top limit is £1,000,000.
- Horse racing. Betfair commits to a ceiling of £1,000,000 for UK’s Classes 1 & 2 races and for Ireland’s graded, group & listed races.
- Greyhound racing. For UK races, the payout ceiling is set at £100,000.
- Tennis. The topmost payout reaches £200,000 for bets placed on singles in major events like Grand Slam post qualification, ATP Masters Series, WTA Tour Championship, and other significant ATP or WTA events post qualification with prize fund considerations.
- Cricket. The limit stands at £250,000 for encounters like test matches, limited over fixtures between test nations, and IPL games.
- Golf. For official tournaments on the PGA, European, or LIV Tour, bettors can expect a payout threshold of £500,000.
Betfair Exchange Max Payouts For Different Sports
Unlike traditional bookies, the Betfair Exchange does not have a fixed limit on payouts. Instead, it focuses on commission charged on winning bets. This is because, on the Betfair exchange, the primary source of revenue is the commission taken from the net profits of successful bets, rather than the margins on odds. If your bet loses, no commission is taken.
For those who are a part of the “My Betfair Rewards” scheme, the commission rate is determined by the chosen package. Generally, the commission, known as the Market Base Rate (MBR), varies between 5-7%. Your Discount Rate reduces the amount of commission you pay and is based on how many Betfair Points you’ve earned.
To break it down, the commission you pay is calculated as follows:
Commission = Net Winnings x Market Base Rate (usually 5%) x (100% – Discount Rate).
For example if your net winnings is £400 and discount rate is 40% the calculations will be as follows: £400 x 0,05 x (1 – 0,4) = £12 will be your commission.
Betfair Sportsbook Maximum Payout 2024 Table
Sport | Detail | Maximum Payout |
---|---|---|
Football | Match Betting, Total Goals, Correct Score, First Goalscorer, Asian Handicaps, Handicap Betting on Senior Men’s only post qualification : Champions League, Europa League, World Cup and European Championship, Premier League, English Championship, League 1 & 2, Scottish Premier and League 1, German Bundesliga, French Ligue 1 and Spanish La Liga. | £1,000,000 |
Football | All other markets not listed above on Senior Men’s only post qualification: Champions League, Europa League, World Cup and European Championship, Premier League, English Championship, League 1 & 2, Scottish Premier and League 1, German Bundesliga, French Ligue 1 and Spanish La Liga. | £100,000 |
Football | Match Betting, Total Goals, Correct Score, Asian Handicaps, Handicap Betting on all other football event types. | £50,000 |
Football | All other markets not listed above on all other football event types. | £10,000 |
Horse Racing | Conventional “To Win the Race” Market on UK – Classes 1 & 2 and Ireland – all graded, group & listed races. | £1,000,000 |
Horse Racing | Conventional “To Win the Race” Market on UK – Classes 3 & 4 and Ireland – premier handicaps & novice races. | £250,000 |
Horse Racing | Conventional “To Win the Race” Market on UK – Classes 5, 6 & 7, all other races not listed above in Ireland and all countries outside of Ireland and the UK. | £100,000 |
Horse Racing | All markets on UK and Ireland where selections are not covered in Full Service*, any country outside of the UK and Ireland where race results are not covered in Full Service*, Virtual Racing, Future Racing. | £50,000 |
Horse Racing | Any bet containing a Horse Racing market other than the conventional “To Win the Race” market on all horse racing events, and Tote Placepot or Jackpot. | £50,000 |
Horse Racing | Tote Quadpot on all horse racing events | £10,000 |
Greyhounds | All markets on UK racing and Future Racing – English Greyhound Derby. | £100,000 |
Greyhounds | All markets on Future Racing — all other event types and Virtual Greyhounds. | £50,000 |
Greyhounds | All markets on Irish Racing & UK Racing not covered in Full Service*. | £10,000 |
Golf | Outright Betting on Official PGA/European/LIV Tour events | £500,000 |
Golf | Outright Betting on all other golf event types. | £50,000 |
Golf | All other markets not listed above on Official PGA/European/LIV Tour events. | £25,000 |
Golf | All other markets not listed above on all other golf event types. | £5,000 |
Tennis | Match Betting, Set Betting on singles events only, Grand Slam Events Post Qualification, ATP Masters Series, WTA Tour Championship , ATP or WTA events post qualification with prize fund more than £200,000. | £200,000 |
Tennis | All other markets not listed above on singles events only, Grand Slam Events Post Qualification, ATP Masters Series, WTA Tour Championship , ATP or WTA events post qualification with prize fund more than £200,000. | £50,000 |
Tennis | Match Betting on all other tennis event types. | £25,000 |
Tennis | All other markets not listed above on all other tennis event types. | £1,000 |
Cricket | Match Betting on test matches, limited over matches (i.e. matches where the number of overs are limited) between test nations, and IPL matches. | £250,000 |
Cricket | Match Betting on all other cricket event types. | £50,000 |
Cricket | All other markets not listed above on test matches, limited over matches (i.e. matches where the number of overs are limited) between test nations, and IPL matches. | £25,000 |
Cricket | All other markets not listed above on all other cricket event types. | £5,000 |
* ‘Full Service’ refers to horse and greyhound races for which full details (shows of betting, official off times and results) are broadcast to Betfair and viewable in the shops by satellite and terrestrial media.
Individual Limits: Payouts, Withdrawals, Bet Size
Let’s examine Betfair’s sportsbook payouts, withdrawals, and bet sizes in more detail:
- Payouts. Betfair sportsbook has set the payout cap at £1,000,000 for UK key sports like football and horse racing. On the other hand, some sports, such as greyhounds, tennis, cricket see a more modest cap with only golf going up to £500,000. Each sport and its corresponding events come with its distinct set of rules affecting the max payout. As for Betfair exchange they do not impose any payout limitations.
- Withdrawals. You can withdraw a certain amount from your Betfair account every day, every week, or every month. The withdrawal limit both for Betfair sportsbook and exchange depends on the method selected. For instance, Debit Cards are capped at £20,000, bank transfers can reach up to £100,000, while e-wallets like PayPal, Skrill, and Neteller have caps of £5,500, £25,000, and £37,500. Apple Pay has a withdrawal limit set at £35,000.
- Bet size. Betfair sportsbook, similar to many bookies, hasn’t explicitly listed out the upper limit for wagers. Yet, betting platforms might curtail stakes for some punters, especially those with a track record of consistently profitable wagers. For Betfair exchange, the maximum bet size is the one that allows you to match the opposite player bet. To get granular data regarding the limits, Betfair’s customer support is the go-to.
For other info contact the support. Communication with Betfair can be done in different ways. Users logged in can access the 24/7 live chat, phone them at 0844 871 7000, or send an email to info@betfair.com. With any bookmaker, these individual limits can change, so it’s essential to stay up-to-date.
Why Are Bookmaker Maximum Payouts Important?
Makes Safety For Bookmaker And Player
Bookies set maximum payouts to make sure they don’t lose too much money on one bet. This helps them stay in business. For bettors, knowing these limits helps to avoid surprises. It would be frustrating to bet thinking you could win a large amount, only to find out you can’t because of a payout limit.
In contrast, exchanges use a different betting model. You are always betting against other players, and an exchange never risks your money, so it does not impose such restrictions. You can bet and win as much as the other players bet against you. Also, exchanges do not set their own withdrawal limits, although almost every payment system has its own transaction limits.
Sets Limits For Giant Winnings
Some people might think these limits only matter to those who bet big. But that’s not always so. Someone who bets a small amount, like £10, on a long shot with very high odds (for example, an acca of 1000/1), could also hit the payout limit if they win. Knowing these limits helps everyone, whether they bet big or small.
Maximum Payouts With The Top Bookies In The UK
Bookmaker | Maximum Payout for Football | Maximum Payout for Horse Racing | Maximum Payout for Other Sports |
---|---|---|---|
Betfair | £1,000,000 | £1,000,000 | £500,000 (Golf) |
Ladbrokes | £1,000,000 | £1,000,000 | £500,000 (Greyhounds, Golf) |
Coral | £1,000,000 | £1,000,000 | £500,000 (Greyhounds, Golf) |
Sky Bet | £500,000 | £250,000 | £250,000 (Tennis, Cricket) |
Virgin Bet | £1,000,000 | £1,000,000 | £300,000 (Tennis, Golf, Cricket) |
Unibet | £250,000 | £100,000 | £100,000 (Golf, Cricket) |
Betway | £500,000 | £500,000 | £250,000 (Golf) |
Betfred | £1,000,000 | £1,000,000 | £500,000 (Golf) |
William Hill | £2,000,000 | £1,000,000 | £500,000 (Greyhounds, Golf) |
Bet365 | £2,000,000 | £1,000,000 | £1,000,000 (Greyhounds, Virtual Sports) |
Paddy Power | £1,000,000 | £1,000,000 | £500,000 (Golf) |
What Is The Betfair Max Payout For Football Betting?
For football betting, Betfair’s maximum payout is £1,000,000. This is for big tournaments and leagues like the Champions League, Europa League, World Cup, European Championship, Premier League, English Championship, League 1 & 2, Scottish Premier, German Bundesliga, French Ligue 1, and Spanish La Liga. There are no payout limitations for
Is There A Betfair Maximum Bet Limit?
The Betfair sportsbook does not list a specific maximum bet limit on their website. The limits can change depending on the event, market, and account. As for the exchange, you can bet as much as you want until your bets are matched by other players. It is advisable to contact Betfair customer support to get details on betting limits.