Betfair Exchange New Jersey is one of the premier horse racing betting sites within the Garden State. The ability to use an exchange system to place Betfair horse racing bets from around the world gives users the chance to not only save money from low commission rates and true odds but the chance to wager on horse racing events that aren’t available at other sportsbooks.
Watch and bet live horse races legally from the comfort of your home with the world’s leading network. Gain an edge on the competition with insights from our experts and an amazing WELCOME bonus!
Betfair was licensed to operate in New Jersey in 2015 after getting approval from the New Jersey Division of Gaming Enforcement. It collaborated with Monmouth Park racecourse operator Darby Development to launch the US’s first-ever race betting exchange in May 2016.
The exchange, the first of its kind in the U.S., debuted May of 2016. In addition to Monmouth, a handful of other tracks were soon made available to Betfair customers in New Jersey.
Betfair’s Betting Exchange lets you bet against other people and get great odds on thousands of markets every day. Best Odds Bet In-Play Cash Out. Join Betfair Now »
See more videos for Betfair Nj Exchange
Though Betfair’s exchange covers sports betting and other wagers internationally, the New Jersey license only covers horseracing. Betfair is also licensed to offer nonlife gambling in New Jersey, but not sports betting.
The Betfair brand has been serving the online gamers fraternity since the launch of the Betfair Exchange in Europe at the turn of the new millennium. However, it only started offering its services to New Jersey players in 2013. That was when a bill permitting internet gambling in New Jersey was signed.
Betfair has announced that it is withdrawing from the NJ betting market due to disappointing results and because the state is getting its first sports betting exchange. Betfair entered the NJ market back in 2015, but generated a sports betting handle of just $12.4 million in 2018.
Betting on Horse Racing is simple on the Betfair Exchange. Browse over 53 Horse Racing bets, choose a market, such as Antepost, Win, or Place, and then either match a bet, or set the odds and place a Horse Racing bet against others.