Want the best odds online? Use a betting exchange (compare the top three here)
Are you getting the best prices on your bets? We’ve been keeping an eye on two offers which say they give great odds – Sky Bet’s price boost and the Smarkets betting exchange.
Sky Bet’s price boost
Sky Bet says their price boosts, marked by a yellow sticker on the app or website, offer outstanding value. The sell is that they let you win even more than standard prices and that they cover the most popular sporting events.
Price Boosts can sometimes even be combined within multiple types of bet, such as an accumulator. You can spot those restricted to single bets only as they have a blue I icon next to them. SkyBet is, to all intents and purposes, a traditional bookmaker.
Smarkets betting exchange
Smarkets betting exchange is one of the new breed of betting opportunities. Betting exchanges have disrupted the industry as more and more bettors realise the value of an exchange compared to traditional bookmakers.
An exchange offers a platform for bettors to trade the outcome of certain events, whether that be sport, politics or current affairs. It differs to traditional sportsbooks by allowing bettors to bet against each other, rather than a bookmaker.
Instead of being limited to the odds set by bookies, and only having the option to back a certain outcome, an exchange allows users to go head-to-head against each other by either backing or laying and start sports trading.
Not always a great deal
In practice that can mean great prices, but not always. For example, looking at the upcoming Rangers-Celtic match in the Scottish Premiership, there are several options available from Smarkets – all depending on the amount of risk you want to take.
If you take the bet of Rangers winning 2-1, then a decent, middle of the risk road price on Smarkets would give you a £125 return for your £10 stake. With Sky Bet, that return is £175. That’s not to say that betting exchanges can’t be a good option but don’t rule out the benefits of getting a great promotional price. Check out other free bets and offers here
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