Betting Exchange Sites – Comparing The Top Exchanges in The UK
The top betting exchanges have much better odds than traditional fixed odds bookies so you can win much more for single and straight bets. There are quite a few around now, but we’ve put a table together of the top online betting exchange so you can see what welcome offer and bonus to expect as well as their best features and if they are suitable for your betting style. Read More
If you want to take your gambling to the next level then look no further than the best betting exchanges. In betting exchanges, you’re betting against the other gamblers in peer to peer trading system. This cuts out the middle man in the betting market, meaning that you don’t need to worry about gamblers’ bookmaker’s margins such as. You can easily wager on any game or type of sports and as long as the game is being played.
Betting exchange is a good way to test your skills in poker, football, horse racing, baseball, and basketball, and even the lottery. The best bet exchange sites are very reputable and are backed by reputable betting companies. There are many online betting exchange sites and most of them will allow you to use their services to place bets for free. Some also have free promotions and offer a low-risk investment free of charge.
With a betting exchange, you can be confident that your money is protected and can be gambled on without worrying about gamblers’ bookmakers or other problems. The best exchange sites are regulated and you can feel safe knowing that your deposits are protected by the governing bodies. Most of these sites also offer a variety of betting products such as horse racing, football, baseball, soccer, and the lottery and can offer a wide variety of services to suit everyone’s betting needs.
- 1 Betting Exchange Sites – Comparing The Top Exchanges in The UK
- 1.1 Best Betting Exchange Sites of 2020
- 1.2 What is a betting exchange “lay” and how do they work?
- 1.3 Comparison of the Commission’s Betting Exchange Rates
- 1.4 Betting Exchange Liquidity Compared
- 1.5 Multiple Bets and Best Online Odds
- 1.6 Best bookies for specific sports
- 1.7 How Online Betting Exchanges Work
- 1.8 What are the exchanges in horse racing?
- 1.9 Free Betting Exchange Bets
- 1.10 Is there a list of all bet exchanges?
- 1.11 What are the best betting exchanges in the UK?
- 1.12 What to Pay Attention to When Choosing a Betting Exchange?
- 1.13 Betting Exchanges vs Sportsbooks
- 1.14 Conclusion: Choose Your Betting Exchange Wisely
- 1.15 Betting exchange FAQ
- 1.16 Betting Exchange Latest News
- 1.17 Can You Make Money Betting In-Running on The Betting Exchanges?
- 1.18 Compare Alternative Bookies to NetBet
- 1.19 How Online Betting Exchanges Work
- 1.20 Compare Alternative Bookies to Bet Stars
Best Betting Exchange Sites of 2020
What is a betting exchange “lay” and how do they work?
A betting exchange is not actually a bookie, it is a matchmaking service that matches bets from backers and layers. this is great for punters because there is no conflict of interest between you and the company. Traditional bookmakers want you to lose. Betting exchanges take a commission on bets so it actually works in their favour if you win as you bet more.
A betting exchange, also known as a sports betting exchange, is an online market for online customers to place bets on the result of specific events. Like a traditional bookmaker, betting exchanges offer similar opportunities to bet like a professional sportsbook but with some differences.
Unlike a regular bookmaker, betting exchanges do not have their own teams or players. Rather, they provide access to professional sportswriters who are willing to wager on any game. In essence, it’s an online version of your local bookmaker, where you place bets and have the chance to win a share of the pot based on the number of successful bets you make.
When you are placing a bet you will be doing it against another individual or a market maker, which means that your odds when you place a bet on a betting exchange will be better than with a normal bookie. They basically operate like a stock exchange showing orders (or bets) of gamblers that are either positive or negative about an event. In fact, you can even make use of betting exchanges to bet on the financial market.
How do sports betting exchanges work? The process is simple. You sign up to become a member of a particular exchange. Once you are in, you will be asked to enter your personal details, including the amount of money that you’re willing to wager on the events and the frequency with which you would like to place the bets. Once you’ve entered your personal details, you are ready to place a bet.
There are many benefits associated with participating in sports betting exchanges. For example, if you’re a new bettor, signing up for an account will help ensure you don’t place any bad bets. Because there’s a large number of betting exchanges, you’ll get a variety of advice from the bettors who’ve already signed up. This will ensure you’re getting the most appropriate information and odds when you place your bet.
There are various sports betting exchanges available to you. These include the UK’s Sports Betting Exchange (SPE) and the Singapore Exchange, which are one of the largest betting exchanges in Asia. Online betting has grown to such an extent that it has even become a multi-billion-dollar industry. As such, there are literally thousands of websites on the internet that offer their own unique betting service. Some websites allow you to place a single bet and earn some amount from every bet you place. Others, however, charge a small fee per each bet you place.
If you haven’t joined an online betting exchange, you are missing out on a lot of fun. It is an exciting and profitable activity that allows you to place your bets and win money. You may even make some money if you choose to use your skills to help handicap a particular team or bet on a sporting event.
Betting and winning on losers
The best thing about betting exchanges (even more so than the better odds) is that you can bet against a losing outcome. This could be a horse not winning or a football match not scoring enough goals. You do this by laying bets on a betting exchange, which means you are essentially acting as the bookie accepting bets from people.
Regulation and financial security
Of course, you can’t lay bets as a bookie as you need to be regulated, but through a betting exchange, it is structured as a lay bet so you can win from losing. The major betting exchanges are all regulated by the relevant gambling commission and have strong financial backing. You should never place or lay bets on an exchange that is not regulated or financially backed.
Range of markets and specialty bets
Online betting exchanges offer some of the broadest ranges of markets to bet on. It’s possible to bet on pretty much anything there is a market for from the major sporting events to reality TV.
Betting on non-traditional markets is only possible if there is significant demand from market makers and those prepared to lay bets. The exchange takes no risk on the best, so can provide the platform to match interests.
Comparison of the Commission’s Betting Exchange Rates
The table below the UK betting exchanges’ lowest commission rates listed however, each commission rate functions somewhat differently from others.
To help us understand these rates more thoroughly before we decide to open a new betting exchange account and who, in the next sections we give more detailed explanations about betting exchange commission rates.
|Betting Exchange Website||Basic Commission Rates||Paid|
|Smarkets||2%||Based On Wins|
Based On Wins
|Betfair||5%||Based On Wins|
Betting Exchange Liquidity Compared
Betting exchanges are also praised for offering better rates than conventional online bookmaker sportsbooks.
This is always the case and is backed up by the details from the best odds bookmaker for the event listed below.
Furthermore, if the opportunity at a higher price is not available then this is a false scenario and the sportsbook is the safest place to make the bet.
Choosing the Nations League Semi-Final between the Netherlands and England as an example and looking explicitly at the price to bet on the Netherlands we consider the following price comparison and liquidity comparison results.
|Bet Exchange Sites||Back Price||Back Liquidity||Lay Liquidity||Lay price|
Multiple Bets and Best Online Odds
The top betting exchanges in the UK have very good liquidity and odds on straight bets, and the bigger ones have well placed and outside bet categories. However, if you are looking for multiple bets this is not really possible as finding a market maker or layer that is prepared to offer such long odds will be rare. For multiple bets, you are better off going with a traditional fixed odds bookmaker. For normal to win or place betting, betting exchanges still offer the best odds around.
In-play and live betting
If you compare betting exchanges to stock exchanges you can see why live and in-play betting is so popular. The odds most change with demand based on what is happening at the underlying event. They are a very good indicator of what is actually happening in the market because it is driven by crown consensus rather than firm odds.
As placing a bet is so fast on the exchange you can bet during a race or in the last few minutes of a football match. This also means you can use betting exchanges to hedge other bets, take betting profits early to shut down a losing bet before it gets any worse.
Risks and rewards
It is clear that the rewards of betting with the top betting exchanges can be better than with traditional bookies. But punters should be aware that there are considerable risks to laying bets on exchanges.
If you lay a bet and the odds are long you can potentially lose many many times more than the stake. Always ensure you fully understand the risks involved with laying bets as they can be large.
Best bookies for specific sports
If your focus is on single sports take a quick look at our comparison tables for these sports.
- Best bookie for betting on horses
- Best bookie for betting on cricket
- Best bookie for betting on golf
How Online Betting Exchanges Work
These offer by far the best odds around because you are not actually betting against the bookie. You are betting against other players. You can also bet on something not happening, so if you think the favourite doesn’t stand a chance of winning you can “lay” them. Let’s look at Brazil as an example here. They are currently 4.2 on Betfair which means if you “Back” them to win with £10 you will win £32 (£10×4.2 = £42 less your stake of £10 = £32). But, if you think they will lose, you don’t need to bet on every other team, you just “Lay” them. You essentially become the bookie and accept a £10 bet at 4.2 from someone else. What this means is that if you “Lay” them for £10 to win and they do not you get the £10 someone else staked on the bet. However, as the odds are 4.2 if you lose you end up paying out £42 to the person who bet against you (£32 win liability and the £10 stake). So you stand to make £10 but lose £32.
The key to winning with betting exchanges is finding the best odds. For example you might also learn how to join on different online betting promotions, so on that section of the site our top list will display you the best odds
There are three main betting exchanges which we have listed below. Each of them offers a welcome bonus once you have deposited funds. It is always worth opening accounts with all three and funding will a token amount of £50 to get the welcome bonus. The betting exchanges give new customers extra money to bet with as part of their strategy to increase business as they assume you will come back for more after your initial bet. This is fair enough and a good way to increase your betting budget.
Betting and winning losers
The very best thing about gambling exchanges (even more than the better odds) is that you may gamble against a losing result. This could be a horse maybe not winning or a football game not scoring enough goals. You do this by placing bets on a gaming market, so you are basically behaving as the bookie accepting bets from individuals.
What are the exchanges in horse racing?
Betting exchanges offer the opportunity for anyone to both back and lay. By way of example, if someone thinks Team A can win a contest, he may wish to back that choice. Even a bookmaker offering the punter that bet will be putting that choice. Both parties will agree on the backer’s stake and the odds.
The place just markets in horse racing are also an excellent approach to oppose or back a horse. You no longer need to choose your horse and decide whether it back to win or each way. You can now back it place only, or even place a horse you do not fancy for a location. Before exchanges came about if you did not fancy a horse the only way to oppose him was to attempt to choose among the additional horses to win.
Free Betting Exchange Bets
Betting Exchanges are wonderful things. They add a competitive edge to gambling that you just don’t get with traditional bookies. The best betting exchanges have fantastic liquidity on all the major and most of the minor markets that enable you to bet against other gamblers, not the house. The house takes a commission on winnings so the odds are always better. Because betting exchanges don’t make more money when you lose the welcome offers are not as good as fixed-odds betting sites, but they still have some good incentives for new players to open an account.
MatchBook – Free £50 cashback when you join.
Founded in 2008 Matchbook is one of the fastest-growing betting exchanges. Because of its more international approach, there is often better liquidity on major events. Customers can also bet in the majority of major currencies including USD. Read Matchbook betting exchange reviews here.
Betfair – Free £10 bet when you sign up.
The best overall gambling website by far. In all aspects and games. I have always loved the Betfair customer services and they treat customers more like clients. Some of the best functionality and range of markets too. Get £10 Betfair exchanges welcome offer when you sign up and deposit funds into a new account. Read Betfair betting exchange reviews here.
Smarkets – Free £10 bet for new players
These guys offer a slightly lower commission to Betfair, currently, 2% so are worth a look. Major markets provide pretty decent liquidity so a good place for casual gamblers to try a bit of arbitrage. The Smarkets free £10 welcome offer is a good way to test the platform. Which is probably the most user friendly of all through exchanges. Read Smarkets betting exchange reviews here
Betdaq – £25 no lose a bet
One of the original exchanges and because the customer base isn’t as large as Betfair they offer a pretty decent welcome offer to entice new players. Once you have deposited some funds you get a £25 BetDaq welcome offer no-lose bet and some pretty decent odds and markets.
Is there a list of all bet exchanges?
Yes, but it’s not very long, there are only four. Smarkets, Betfair, BetDaq, and Matchbook. They are all basically the same, but some charge more commission, some have better liquidity. Others focus on US sports and one is the best bookie in the world. Check out our betting exchange list with the comparison tables on the site.
|Exchange||Reliability & Usability||Markets & Liquidity||Commission||Sign-Up|
|Betfair||5 Stars||5 Stars||Up to 5% on winning trades||Sign up for Betfair|
|Smarkets||4.5 Stars||4.5 Stars||2% on winning trades||Sign up for Smarkets|
|BETDAQ||5 Stars||3.5 Stars||2% on winning trades||Sign up for BETDAQ|
|Matchbook||4 Stars||3.5 Stars||Up to 1.5% on all trades||Sign up for Matchbook|
What are the best betting exchanges in the UK?
The best betting exchanges in the UK depend on what sort of sports trader you are or if you are a matched bettor. Betfair is the most established betting exchange, followed by Betdaq, with Smarkets and Matchbook nipping at their heals by the increase in matched bettors looking to lay off bets. Both exchange are improving in terms of liquidity and markets on offer.
1. Smarkets — LOW COMMISSION
Smarkets was established in 2008 and is the newest exchange of sports betting. They made it known their intentions — they intend to take Betfair on. Smarkets hit £ 500 m lifetime trades in April 2014 — but it took less than a year to double that, making the £ 1bn trades in March 2015 come true. Their commission of 2 percent is very competitive and certainly gives an advantage over Betfair, the industry leader.
2. Betfair — THE INDUSTRY LEADER
Betfair is the most popular and largest exchange of bets. It was formed in 2000 and operates under a license from Gibraltar. As of 2 February 2016, the company has been listed as “Paddy Power Betfair” on the London Stock Exchange because of the merger between the two companies.
3. Matchbook — SUPER LOW COMMISSION
Matchbook was founded in 2004 but only really grew in popularity after a group of investors acquired it in 2011. Their aim was to increase the liquidity to compete with Betfair in their existing markets. The commission rate is small if you approve an existing bid in a sector, at just 1.5 percent, and 0.75 percent if you post a bid. This is awesome. Matchbook claims to have “the biggest amount of assets available in US sports” It covers NFL, NBA, NHL, and MLB.
4. BetDaq — 2ND LARGEST EXCHANGE
Betdaq was established in 2000 and acquired in February 2013 by Ladbrokes. Betdaq had only about a 7 percent share of the online betting market in the UK and Ireland when Ladbrokes took over. At the time she was Betfair’s biggest rival. In most markets a sufficient amount of liquidity. It is considered the 2nd largest exchange of bets, behind Betfair. This is the only remaining betting platform with a public API. So Betfair’s a perfect alternative platform for creating bots and games. Unlike Betfair’s main rival, Betdaq doesn’t charge their highest-earning traders a Premium fee.
5. Ladbrokes — GREAT COMMISSION
It is interesting to note that Ladbrokes has been around for over a century. It began in 1886 with commissions at Ladbroke Hall for trained horses. A few years later, Ladbrokes moved to London where his gambling headquarters was built, enabling us to enjoy his internationally renowned gambling operations. Newly enrolled consumers are getting £20 in free bets and a £5 stake in sports. The £20 bonus will be split into four £5 tranches so you can use them instantly. You’ll have 7 days to make use of the free bets.
What to Pay Attention to When Choosing a Betting Exchange?
The betting exchanges we mentioned in this article are all great, so it all comes down to your personal preferences. However, there are some things that you should pay attention to before making your final selection. That’s why we decided to cover some of them and help you with your choice.
Let’s take a look at what makes a proper betting exchange.
1. Welcome Bonuses
Welcome bonuses come in all shapes and sizes on online gambling platforms. Those who decide to sign up for a betting exchange will usually get a free bet bonus just for signing up on the platform. These are usually called no deposit welcome bonuses as you’re not required to make any deposits to trigger the promotion — just register and confirm your account.
Some sites may offer deposit bonuses where you can get a certain amount of bonus money on top of your deposit. These are not very common for betting exchanges but exist on almost every online casino site.
One important thing to take into account is that every best betting exchange has a welcome bonus. They mainly exist to attract new players to the platform and give them a head start for making their first bet. All in all, welcome bonuses of all kinds are great, as it’s always a great feeling to receive a gift as a new user.
2. Terms and Conditions for Bonuses
If you don’t have prior experience in claiming welcome bonuses, we suggest you read the terms and conditions for the gift you’re about to receive. Some rewards have rules that you should understand to get the best possible experience once you sign up on a betting exchange.
Essentially, every online gambling platform that offers bonuses has wagering requirements. When you receive your bonus, you need to meet the wagering requirements to be able to withdraw your bonus funds. For example, if you receive £10 and the wagering requirements are 10x, you’ll need to wager a total of £100 to be able to withdraw your bonus funds.
Also, the majority of bonuses on every online gambling platform have expiry dates. Once you receive a bonus, you’ll be given a certain amount of time to spend it and meet the wagering requirements for it to be able to request a withdrawal. Rewards can last from a day to a month (sometimes even more).
You’re probably wondering — why are all these exchanges putting expiry dates on their bonuses? Well, one of the reasons is to make their users more active and engage once they receive the welcome bonus.
Sure, the terms and conditions for some bonuses may not seem great, but these are bonuses after all, and platforms need to make specific rules about them to protect themselves. Without them, they would go bankrupt in a very short time.
3. Additional Promotions
Many online betting exchanges don’t leave their users without additional bonuses once they spend their welcome bonus. What’s more, every site has a section where regular users can check out for new promotions. These can be virtually anything, but there are several types of regular promos that stand out from the crowd.
Cashback bonuses are frequent, and they are sometimes even awarded to new players. This type of bonus will grant you some of your money back after a certain period. If you deposit £100 and lose them all in a week, you may request a cashback bonus, if the platform you’re using offers it. Once you activate it, you’ll get some of the money you lost back to your account.
For example, if a cashback bonus is 10%, you’ll receive £10 for the £100 you lost. The primary condition for activating this bonus is to lose all your money, as cashback is intended to make you feel better after a losing streak.
Free bet bonuses are usually just small amounts of bonus money you can receive to make bets on the site. These can either be awarded as a no deposit welcome bonus or as a reward for something you did. For example, if you opt-in for a free bet bonus and bet more than £20 on exchange bets that have minimum odds of 1.5, you’ll receive £5 in free bets. In other words, every free bet bonus comes with certain conditions that you must meet in order to receive it.
Refer-a-friend bonus is a simple method to attract new users. Many online gambling platforms, including betting exchanges, offer compensation to regular users who bring their friends. For example, a typical refer-a-friend bonus may award you £10 for every new person you bring to the site that makes a deposit. This is an excellent promotion to claim if you have a lot of friends who are interested in this type of betting.
Betting exchanges sometimes offer promotions for particular sports. They usually provide better betting conditions, odds, and more.
There are many other types of promotions available, and your job is to keep an eye on the Promo section of your betting exchange. Sometimes, these sites would offer one-time promotions for special events, holidays, and more, and that can further improve your online betting experience.
4. Payment Methods
To make real-money bets, you need to make a real-money deposit, and that’s possible by using an adequate payment method. The good news is that many of these exchanges accept all the popular payment options in the UK, meaning you can make a deposit or request a withdrawal using options such as credit cards, bank transfers, e-wallets, and more.
The most common payment method is a credit card as it is widely regarded as the fastest and the most affordable one. However, many punters also enjoy using e-wallets such as Neteller, Skrill, PayPal, ClickandBuy, and more.
Finally, many users prefer using a more traditional option — bank transfer. This option is a bit slower compared to other payment options, and the fees are usually higher. However, it’s one of the most reliable payment options out there, which is why some punters still trust it.
Before you open an account on a betting exchange site of your choice, make sure to check whether it supports the payment method you use.
There are several things you should take into account regarding payment options.
First of all, every betting exchange has a minimum deposit limit. This is usually not a very high amount — approximately £5 – £10. However, some payment methods have higher limits than that, that’s why you need to check the minimum deposit limit of the payment method you use, rather than the limit imposed by the betting exchange.
Withdrawals work in a similar way, but exchanges are more strict and control withdrawals more overall. Every exchange has an upper daily, weekly, or monthly limit to how much you can cash out. These limits are usually very high — more than £10,000, so they shouldn’t be a problem unless you’re a high roller who likes to play with big money. In that case, you should talk to customer support and make individual arrangements.
One more thing to pay attention to is transaction time. Almost every payment method nowadays is instant, except for bank transfer which may take up to several business days.
Although the majority of deposits are instant, withdrawals usually take more time as the platform needs to confirm your withdrawal request. In that case, you need to check the so-called pending time of the site. Betting exchanges usually need up to five days to process payments, but you should check this after you sign up.
5. Customer Support
Customer support plays an essential role in many online gambling platforms, and betting exchanges are no exception to the rule. These sites can be confusing, especially to newcomers, who usually require assistance once they open an account.
A good customer support team needs to be available all the time and must provide several different contact options for the customers. One of the most common ways you can contact customer support nowadays is by using the live chat feature, which is present on the majority of gambling platforms.
To do it, all you have to do is click on the cloud that is usually located in the bottom right corner of the site. One of the available agents will connect with you, and you’ll be able to tell them more about the reason you contacted them.
Apart from the live chat, punters can also contact customer support by sending an email. Platforms either give you their email on their Help page or they offer you to fill in a contact form. Emails are handy if the nature of your issue is not urgent and requires thorough clarification.
Some exchanges even offer phone support, but it’s usually not available 24/7. Make sure to check the working hours of the support team on the betting exchange you’re part of.
6. Mobile Betting Exchanges
The entire world is going mobile, and online betting exchanges are no exception to this rule. An increasing number of players nowadays prefer placing bets by using their mobile devices rather than using desktop or laptop computers. That’s why many betting exchanges and other similar gambling platforms decided to step up their game and make mobile betting available.
How can you open an account and start your mobile betting exchange journey? There are two accepted ways to do it.
One of them is to use your mobile browser. It doesn’t matter if you use Android or iPhone in this case, as betting exchanges are built to fit every mobile OS, as long as you access them using the browser.
Therefore, all you have to do is open your browser, load the mobile version of the site, and log in. You’ll notice that the majority of options are there and that you can place bets on the go.
The other option is to download an app offered by the betting exchange of your choice. First of all, you need to check whether such a piece of software is available. Even if it is, you should note that separate apps need to be developed for iOS and Android devices. Therefore, some apps might be available for one but not for the other operating system.
7. Online Casinos
Betting exchanges sometimes include other gambling options, and one of the most common things you can do — if you’re not making bets — is to play online casino games. If you like playing games such as slots, video poker, blackjack, baccarat, roulette, and more, you’ll probably like the fact that these are all available on some online betting platforms.
Betting Exchanges vs Sportsbooks
In this report, we will report on what betting exchanges are, how they compare to online sportsbooks, and how you can increase your chances with your selection. A betting exchange is an online service that covers betting on a variety of sports such as football, basketball, tennis, golf, poker, and other sports.
It is companies that allow betting providers to exchange odds and bet against each other, rather than betting against a sports betting system. While sportsbooks are focused on fixed-odds betting, betting exchanges offer a fluid marketplace where customers can play against others. A betting exchange offers better odds than a sportsbook, but higher odds on a stock exchange have better odds, while a small commission on a betting exchange is charged for winning a bet.
When you bet on a traditional sports bet, the book’s oddsmakers try to get the public to bet 50/50 on both sides of the market. If they cannot, they will be leading the line to build a lead to win, not the other way around.
Unlike traditional sports betting, where players are only allowed to place bets, betting exchanges are places where betting providers can not only place bets but also accept bets from other players. In short, a betting exchange is a peer-to-peer betting network, but it differs from a sports betting network in that it is a stock exchange set up to facilitate transactions.
If you want to know more about betting exchanges’ advantages and disadvantages, I suggest you check out traditional online sports betting against betting exchanges. The article is linked below with links to some of the most popular betting exchanges for sports betting and sportsbooks.
Sportsbook strategy is one of the most popular sportsbook strategies for achieving long-term profits, and it is also the one with the highest potential for long-term profits.
With the advent of the Internet, online gambling has exploded, and betting exchanges have been at the forefront of this online betting revolution. The ability to bet exchanges has opened up the possibility for traditional sportsbooks to place bets in the right way, which distinguishes them from online sportsbooks. As men get involved on the street, there is now an easy way to pay tax – free winnings from online betting – by using betting shops.
Members can place or open a position of their choice or accept bets offered by other members and bet against each other. This provides more flexibility in placing bets than placing a bet with a traditional sportsbook system.
The biggest is supposedly the Betfair Exchange, which allows you to bet on a variety of sports, even political events. Of course, there are better strategies that revolve around betting on smaller markets, that revolves around betting on small exchanges.
Another significant advantage is that betting exchanges offer better odds even if they do not participate in the bets themselves. The odds you find on the exchange are probably better than what you see on a bookmaker’s page. They also offer significantly better odds than regular sports bets by directly assigning users who want to take the other side of a bet. This is a great way to make unrealistic bets, as you would be able to compare a person to your bet, rather than the other way around.
Although betting exchanges can be harder to understand than sports betting, which has a more open concept, you can bet on any sport you can think of on a betting exchange.
This may not be an exaggeration, but Betfair is probably the oldest betting exchange in the world with over 30 years of experience and over a billion dollars in annual turnover.
A betting exchange is very similar to trading on the stock exchange in that it is a platform for betting where the betting providers bet against each other, not against the bookmakers. Thus, the betting provider on a betting exchange is also called a dealer and is the same as betting against a bookmaker when he is betting on his website. When you bet online on sportsbooks, you get better odds, while bookmakers earn their winnings by setting odds (which is called the betting margin).
The commission varies by the website but usually starts at 5% and the more bets you make, the higher the commission. This is how traditional online sports betting and betting exchanges make their money, and this is different.
The manager determines the odds, and the sportsbook pays off if you win or lose your bet. Similarly, if you either place your wager or lose, your losses go straight into the pocket of sportsbooks.
Betting exchanges operate in a peer-to-peer betting market and not on the player-in-house model of sports betting. They are an online market that allows you to bet directly with other users, but with different rules.
Conclusion: Choose Your Betting Exchange Wisely
As you can see, there are many factors to take into account when choosing an online gambling platform — especially online betting exchanges. There are many options out there, and we included some of the best ones on this page.
What matters the most is that all these platforms are licensed and regulated by an official regulatory body, meaning you don’t have to worry about illegal operations and scams. All sites featured on this page are safe and secure, protecting you and your funds with cutting-edge technologies.
After you make sure that the site is safe, it’s time to pay attention to the overall quality of the offer, number of users, liquidity, and more. We took all these things into account when creating this article and the list in it so that you can enjoy top-notch online betting exchange options.
Perhaps one of the most important aspects to cover is bonuses and promotions that are offered to new and regular users. You can rest assured that all sites on this page offer some of the best bonuses in the industry that are bound to give you a head start.
Therefore, feel free to make your final choice and start your online betting exchange journey by depositing money and making your first bet. Once you get into the swing of things, you’ll understand why many punters prefer placing bets this way.
Betting exchange FAQ
Which betting exchange is the best?
A betting exchange is not actually a bookie, it is a matchmaking service that matches bets from backers and layers.
How betting exchange works?
These offer by far the best odds around because you are not actually betting against the bookie. You are betting against other players. You can also bet on something not happening, so if you think the favourite doesn’t stand a chance of winning you can “Lay” them.
What is a betting exchange site?
Betting exchange site is a marketplace for customers to bet on the outcome of discrete events and have much better odds than traditional fixed odds bookies.
What are the betting exchanges in horse racing?
Betting exchanges offer the opportunity for anyone to both back and lay. By way of example, if someone thinks Team A can win a contest, he may wish to back that choice. Even a bookmaker offering the punter that bet will be putting that choice. Both parties will agree the backers stake and the odds. The place just markets in horse racing are also an excellent approach to oppose or back a horse. You no longer need to choose your horse and decide whether it back to win or each way. You can now back it place only, or even place a horse you do not fancy for a location. Before exchanges came about if you did not fancy a horse the only way to oppose him was to attempt to choose among the additional horses to win
Is Ladbrokes betting exchange and good?
Do not bother, the Ladbrokes exchange is just a white label of BetDaq, who they now own. Just go direct to BetDaq.
Does Betway have a betting exchange?
No, There is no Betway exchange for sports trading. Just straight betting. If you are a Betway customer you can compare alternative bookies to Betway here.
What is betting exchange in 1xbet?
The opportunity to place their bets on a sports exchange is thrilling for bettors who have experience. That means they will not accept the odds offered by the online bookie, but will accept the challenge of agreeing or disagreeing with bets already placed on the exchange by other bettors. Tracing the ups and downs in playing teams and individual sportspeople provides invaluable knowledge and the basis for making realistic conclusions. So if you are ready to bet on the 1xBet sports exchange, or if you have already placed bets on another online bookie’s sports exchange, do not postpone trying the exchange section of this highly popular bookie.