About Betfair
Betfair (www.betfair.com) was the first person-to-person betting exchange. A betting exchange allows punters to bet on prices set by punters themselves rather than by a bookmaker, which, by one independent study, results in Betfair's odds being 20% better than bookmakers' starting prices. Betfair was launched in June 2000 and is already the UK's No – more... 1 online betting company. At peak times the exchange matches up to 12,000 bets a minute and over 1,000,000 a day. The company's co-founders - former professional gambler Andrew Black and former JPMorgan vice-president Edward Wray - were jointly voted Ernst & Young Emerging Entrepreneur of the Year 2002. In April 2003 Betfair won a Queen's Award for Enterprise in the Innovation category and in 2004 won a National Business Award for the Best Use of Technology. Strategic investors in Betfair include Benchmark Capital, UBS Capital, JPMorgan Chase. – less – More from ZoomInfo »
