Want the best odds online? Use a betting exchange (compare the top three here)
It’s really no surprise that popularity for matched betting has grown exponentially in recent years, as more and more people see it as a great way to make extra cash on the side of their day job. When starting out, you’ll quickly find that many blogs and other sites recommend using Smarkets for all the lay bets, and many will simply only use this platform. However, by doing this you could be missing out on a lot of extra earnings. In actual fact, there are a number of other platforms, each of which offers unique opportunities to maximise your profits. Here are two other common betting exchanges you should try out.
No doubts Betfair bookmakers already prove a useful spot for you to earn some free bets, but they also offer a very advanced betting exchange as well. The Betfair Exchange charges 5% commission as opposed to the 2% charged by Smarkets. Though more expensive, it is still popular because it tends to offer more sporting games, such as weekend accumulators, which allows you to lay for potential profits against boosted accumulators offered by bookmakers. Just be sure to avoid using Betfair Exchange for laying against bets placed on Betfair bookmakers as this is a fast way to get restricted on both.
Matchbook is proving an increasingly popular exchange as it offers incredibly competitive commissions which often range from just 0.75% to 1.5%. As well as this, they offer an intuitive interface as well as many more unique betting opportunities, such as political outcomes. One criticism they come under is a lack of market liquidity, though for all mainstream popular sporting events, this tends not to be an issue. Sports traders are also finding that liquidity is continuing to get better as the site gets more popular. One thing to note is that it does tend to offer fewer sporting events than Smarkets and Betfair and can have fewer options to bet on, such as no “First Goalscorer”.
It’s important to realise that matched betting is a skill that takes months and years of practice, and by trying out all the exchanges possible, you’ll be in the best possible position to maximise your profits and get the most out of the experience. Just bear in mind that, if you’re just starting out and your bankroll is limited, it may be best to stick to one exchange at the start until you build up the amount of money you have to play with.
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