Betfair continue impressive growth
15th October, 2008
Bo Ohrman, from Sweden signed up for Betfair not knowing that he would be breaking a milestone in doing so. The 59 year old from Linkoping, signed up and placed money on the outcome of the forthcoming Presidential election which is due to take place in November.
Betfair have taken the online gaming market by storm proving that unique products, decent promotions and a safe enjoyable website, are alll key to success in a extremely competitive industry.
Their trademark product is the revolutionary online betting exchange market, where by users bet against the bookie, but instead against other users. This provides significantly better odds and has now attracted over 2 million users.
This incredible growth is expected to continue as customers see the advantages of betting in exchange markets.
“You have to back yourself in life and when my brother showed me the site I could see instantly that it gave me a wide range of choices and I could pick my own odds,” said Ohrman.
“It’s certainly more fun betting on Betfair than it is betting on the stock market at the moment.”
Betfair is due to be presented with its second Queen’s Award for Enterprise on Monday, marking a magnificent achievement in such crowded market place.
David Yu, Chief Executive Officer for Betfair, said in a statement “In a year when we won a Queen’s Award for International Trade, it is fitting that Betfair’s two millionth account comes from outside the UK,”
The company continues to grow in international markets as its plans to expand in numerous new countries. The site also provides a poker, casino and arcade service to customers.
By Jamie
