ADVANTAGES OF USING BETTING EXCHANGES

Betting Exchange odds comparison imageYou will see Betting Exchanges advertising their odds are around 20% higher than those of traditional bookmakers and while that may be true, you must consider that commissions will reduce that figure substantially. Commission rates generally start at 5% but can get reduced the more you bet on the Exchange.

Another point to consider is if you are looking to match a large bet, those big odds are sometimes only available to small sums. That said, Betting Exchanges have proven to be very popular with high rollers and professional gamblers who find there is more opportunity to make money. They remain ‘faceless’ to the person matching their bets and with no inbuilt profit margin like those offered by bookmakers, they can benefit from bigger odds available on the Betting Exchanges.

One the main advantages to Betting Exchanges over traditional betting is that you are able to Lay bets to lose as well as Backing a selection to win. This opens up betting options not available with your traditional online bookmakers, as the market fluctuates in your favour you can lock in profit or reduce your risk by hedging your position and Lay the selection you previously Backed (or Back the selection you originally Layed). These opportunities can often arise on in-running and Ante-Post markets, although many markets fluctuate dramatically and Early Prices, for just about any market, can throw up these arbitrage situations. You can bet on pretty much anything you can think of from classic bets such as football to novelty and political bets.

ADVANTAGES OF USING BETTING EXCHANGES

The Betting Exchange is often compared to placing a bet with friends in a pub, however the process is more complex. Betting Exchange technology can search through thousands of other gamblers meaning there is more chance of someone accepting your offer. The process is also completely private and secure, betting via the Exchange certainly eliminates arguments and payment is guaranteed as the money is held by the Exchange until the any matched bet is settled.

Betting Exchanges are competing with online bookmakers for customers and will often entice new customers with sign up offers. The typical example is for the Betting Exchange to refund your first bet if it turns out to be a loser. You will also find Betting Exchanges offering reduced commission rates for limited periods.

Betting in-running gave Betting Exchanges a terrific boost, they were the first to offer the facility in any meaningful form away from the racecourse and its popularity ws immediate. Now, in-running or In-Play betting is offered by all major online sportsbooks as gamblers love the option to bet spontaneously as the event unfold before them. Horse racing, football, golf and tennis have massive interest in the in-running markets.

Find out more information in best free bets’ Betting Guide

BETTING EXCHANGES EXPLAINED

BACKING, LAYING and TRADING EXPLAINED

HOW TO CHOOSE A BETTING BETTING EXCHANGE

HOW TO OPEN AN ACCOUNT WITH A BETTING EXCHANGE

BETTING EXCHANGE TERMINOLOGY (A-Z)

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