Parbet is a betting exchange and its main markets are Sweden, Norway, Denmark, Finland, Poland, Germany, Spain, Italy and United Kingdom. Parbet is primarily a sports betting exchange. It is a fairly new exchange and thus there are several markets that are extremely illiquid - i.e. no turnover whatsoever or very small. Its most active market is soccer. Parbet primarily caters to the Continental European players as all bets are in Euros and most of the sports covered are popular on the Continent.

There is no initial sign-up bonus for the betting exchange. There is a 100% match bonus up to $100 on their poker room.

Parbet covers primarily sports, and primarily those that are popular in Europe suchas soccer, handball, trotting and ice hockey. Below are all the market currently covered by Parbet:

You can act as a market maker or a trader - and you can either back or lay a market/bet. And you do it against fellow members and not an institution. On certain events, the betting is available in running up till the last minute!

Livebetting

In Livebetting, Parbet shuts down all active orders at the start of the event; when someone is sent off (soccer only) and when goals are scored. If there is a penalty (kick/hit) the market closes and if the goal is scored all active orders are wiped. If there is no goal, the market opens again and earlier orders stand. For live betting on tennis and handball the market clears only when match starts and closes at the end of the match. When an order is placed during live betting there is a delay of approximately 5 seconds before the order reaches the market.

Parbet does not currently offer any promotions at all.

Parbet's Loyalty Programme is very similar to that of Betfair's. Each time you make a bet, you earn loyalty points. Your loyalty tier is dependent on the number of points that you have accummulated which will then determine the commission charged by Parbet. The regular 4% commission can be lowered to as low as 1.5%.

One point is being earned for each winning or loss of € 10 on a market. Should you have an account in another value, your points will be calculated with regard to this.

If you for instance win € 70 on a market, you will earn seven points. Should you on the contrary lose € 20 on a market, you will still earn points, in this case two points.

Easy to navigate website although very limited in the information provided. However, in our trials, the servers were quite slow in downloading the web pages holding the various betting types. Considering its current low volumes, we wonder how it will be if things get much busier. As you can see from the right image, the total matched bets on the Manchester City and Manchester United game is €190 whereas at Betfair at the same time is over £222,000 and the spreads are greater as well at Parbet (which is understandable as the volumes are so much lower).

DEPOSIT OPTIONS:
VISA, MasterCard, Bank Transfer, NETeller, Moneybookers

Credit Card deposits are charged at 2.5%.

CASH OUT OPTIONS:
VISA, MasterCard, Bank Transfer, NETeller, Moneybookers

Withdrawals via NETeller are charged at 2.5%.

There is no telephone support available at all. There is no 24/7 Live Chat support either. The support is attended seven days a week between 09:00 AM to 24:00 PM (CET).