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Yes, you can get horse racing tips from Betfair, that is correct. Go to the horse racing section of the exchange and just click on the News and Tips links and you will be taken to a great resource of news and tips.
Link: http://www.betting-faq.com/betfair/
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In: Bookmakers, Betfair FAQ Questions and Answers | July 23, 2013
Reasons to join Bet365 (18+)(based on our personal experience)