Bookmakers Rating 
Player Ratings 
Biggest Bookmakers 
Bookmakers by Country 
Highest Odds 
Scam Bookmakers 
Bet Builder 
Cash Out 
Live Streaming 
Low deposit 
Fast Withdrawals 
No Verification 
Bookmakers Comparison 
No German Tax 
Best Bookmakers for 2021 
New Australian Bookmakers 
Best Canadian Sportsbooks 
Best UK Bookmakers 
Best USA Sportsbooks 
Bitcoin 
VISA 
Mastercard 
PayPal 
Paysafecard 
Skrill 
Neteller 
EcoPayz 
MuchBetter 
Apple Pay 
Best Sports Bookmakers 
Football Bookmakers 
Basketball 
NBA 
Euroleague 
Cricket 
NFL 
Horse Racing 
Greyhound Racing 
Betting Bonus 
Freebet Offers 
Mobile Bonuses 
Promo Codes 
Βitcoin Bonuses 
Bookmaker Promotions 
Reload Bonuses 
Accumulator Offers 
Acca Insurance Offers 
Enhanced Odds Offers 
Best Odds Guaranteed 
Belgium 
Bulgaria 
Cyprus 
Denmark 
Finland 
France 
Germany 
Greece 
Ireland 
Italy 
Netherlands 
Norway 
Poland 
Portugal 
Spain 
Sweden 
Switzerland 
UK 
Ukraine 
India 
Indonesia 
Kuwait 
Malaysia 
Pakistan 
Qatar 
Singapore 
Thailand 
UAE 
Canada 
USA 
Australia 
New Zealand 
Brazil 
Kenya 
Nigeria 
South Africa 
Tanzania 
Uganda 
Betting for beginners 
Mid-level betting 
Advanced betting 
Betting Services 
Betting Systems 
Esports Betting Guide 
Political Betting 
Tennis Betting Strategies 
Bookie Finder 
Industry News 
Rate your bookmaker 
Submit a complaint 
Bookmaker Deposit Methods 
Gambling Licenses 
New Australian Bookmakers 
Betfair introduced its sports betting exchange to the Italian market aiming at expanding its betting offering in the country. However, the Italian government introduced a temporary turnover tax. That tax concerns all sports gambling verticals; including anything related to retail, digital and virtual sports activity and sports betting exchanges. The 0.5% rate on the exchange segment is what Betfair acknowledges as the biggest hit. Thus, the operator might reconsider what it is able to offer to Italian bettors.
Betfair challenged the idea of a new tax, as soon as this was introduced; asserting that the temporary tax meant that it would operate at a tax rate of 111%, making the operator’s access to the Italian market inefficient.
As a result, Betfair claimed that its exchange bettors could eventually end up paying more in taxes than what they win, which would be a no sense action. With almost complete control over the betting exchange market in the country, the operator is sure that the tax structure is going to virtually force players to quit using the exchange product.
Why choose Betfair
- Multi-licensed
- More than 35 sports
- Cards & Corners
- 100+ live tennis markets
- Live Streaming
- 150+ horse races daily
- Telephone betting
- High winning limits
When it was established, back in 2000, the Betfair betting exchange revolutionized online gambling. It gave bettors the ability to compete against each other based on a poker or stock exchange model. Players can bet with very high limits and also cover their wagers with more fair conditions compared to the Cash Out feature that traditional bookmakers offer. Professional bettors can use the exchange as a tool to follow the market trends and sell their bets. The high liquidity almost guarantees that your bets will be traded. Betfair is up-to-date with the latest features, like Bet Builder and Request a Bet, and added a fixed-odds section, too. However, the sportsbook payout is below par. Although the market depth in the exchange is huge, it is not as it once was. The liquidity of less popular sports and leagues has decreased dramatically due to the inability of some countries to regulate the betting exchanges, which forced Betfair to exit strategic markets. Moreover, the commission fees are relatively steep compared to other exchanges, such as Matchbook or Smarkets. There are additional charges if you are a very successful trader. Overall, if you are looking to bet on the exchange, then Betfair is unrivaled to any other company.
