Fairlay sportsbook review

Fairlay is not recommended. See recommended sportsbooks here.

Contents

Updated Nov 16, 2020
Overall score 64%
User experience 5/10
Odds 10/10
Range of bets 6/10
Transactions 7/10
Customer service 8/10
Privacy and security 8/10
Established
2014
Located
Germany
Min bet
5 m฿
Max bet
As much as other users will match

Fairlay is a crypto betting exchange. The essence of a betting exchange is that you don’t bet against the house, you bet against other users.

Fairlay sets up the market, matches bettors against each other and pays out the winner with the losers’ money. For this they take a 2% commission from the winner which is equivalent to a 1% house edge; much lower than other sportsbooks.

Their site takes a bit of getting used to and has some room for improvement. If you have used other betting exchanges before you will figure it out.

Fairlay do have a dice game but… well, let’s just say you wouldn’t go there for the dice. The other good crypto betting exchanges are 1xBit (review, American bettors are geo-blocked.) and BetBTC (review).

User experience

The site is unrefined and underdeveloped, it needs the attention of a user experience engineer and a designer.

Some features found at the best betting exchanges are missing, for example you can’t change the odds on an unmatched bet, you have to cancel it and make a new one.

homepage

Odds

Sportsbook's overround: 2.62%

50:50 equivalent: 1.95

In markets with less liquidy betting large amounts will cause slippage making the odds worse. Being a betting exchange you do have the option to post your own odds and hope other users match them. This is really cool but requires patience.

Range of bets

Range of sports, leagues and events: Smallish range of sports but they do have more news and entertainment markets for betting on things like elections and awards than anyone else.

Range of bet types per event: Small, normally just moneyline/match winner. On the biggest leagues you might find points spread and total points markets.

Transactions

Unique deposit addresses: Not available.

Confirmations before bet: 1

Withdrawal time: Instant!

Player to player transfer: Not available.

homepage

Customer service

Customer service channels available: Email only.

Speed of replies: Our emails were replied to in around 3 hours.

Accuracy of replies: Very good, staff are knowledgeable and well trained.

Privacy and security

Information required at signup: Email address.

2 factor authentication: Not available.

Are funds verifiable on the blockchain? Fairlay do publish their cold wallet address but we do not see that it proves much.

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Fairlay say

“this is just the first step and a real time proof of reserves is planned”

We are glad to see this kind of effort and hope to see more crypto sportsbooks make player funds verifiable on the blockchain.

Geo-targeting

Fairlay does not block any bettors based on country, just like it should be!

Bonuses

At the moment there is no commision charged on sports bets!

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Overall

Getting great odds is the most important thing to becoming a long term profitable sports better, much more important than web design or a signup bonus. Because of Fairlay great odds they have to be part of the conversation despite their usability shortcomings.

However if you want an easy, smooth and fun betting experience check the higher ranked sportsbooks on this site.

More sportsbook reviews

7 comments

  1. Redacted

    Fairlay agreed to manually return some funds (about £1k) to me, asked me which address, sent my funds to a different address and then stopped replying to my queries.

  2. Lejund

    These guys held onto my money for a month after I won big, only cashed me out 25%. They say they’ll arbitrate but dont

  3. littlekona

    These guys are scammers, they steal your money without explanation and claim that it’s seized funds for bullshit crimes. They did it before and they’re doing it again now with a few other folks. Personally, they haven’t seized funds but they will manipulate the markets so that your orders do not get filled and will void your winners

  4. d

    Hello – you should revise this review, Fairlay has seized my funds and has given no information. I did not violate any of their terms and conditions and they are merely acting on random information given by a third party. I have heard there have been other instances of this in the past as well. Additionally, they have been giving out information about my account without my consent to other people and no information to me. USERS BEWARE

  5. Johannes

    This is great. Until now I used the arbitrage alerts always together with Fairlay since in 90% of the cases at least one of the included bets for the arbitrage is better on Fairlay. I expect to see more arbitrage possibilities in future.
    By the way: one nice addition would be to display the return of the best bets in this view: https://bitodds.com/mens-tennis/ So the % you would get if you would bet on all outcomes on the best odds. E.g. 98% or over 100% if it is an arbitrage possibility. It would in addition be nice to sort by this number. This way it is more easy to find value bets or bets for bonus clearing.

  6. Johannes

    Hi –
    thanks for your create odds comparison tool. I wish the odds where more up to date – is there anything you can do about it? Anyway, it is helpful already.
    How come fairlay is not part of it? Currently this is the most important site in my opinion when it comes to arbitrage betting. 80% of the surebets I just cover a bet of a bookie with a lay on fairlay. It is also a good way to clear bonuses. So I would love to see the odds on fairlay covered as well..

    Best,
    J.

    • BitEdge

      Hi Johannes, we just updated the Odds Comparisons so now they update every 10 minutes. We will be adding Fairlay and other sportsbooks soon. Thanks.

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