Understanding How to Bet on the Betting Exchange

Betting Exchange site BetfairThe betting exchange is not the first thought when most individuals think about sports betting. It is more common to envision the traditional “bookmaker versus backer” methodology. However, in the early 2000's, many online betting exchanges came to light, providing sports betting enthusiasts various platforms in which they could act as the layer or the backer, without a bookmaker being present. Although these exchange sites have been active for over 15 years, many still need help understanding how to bet on the betting exchange. While utilizing online betting exchanges may seem somewhat confusing and modernized, their structure is actually fairly easy to get a hold of. By learning about the basic dynamics surrounding online betting exchanges, you will be able to both lay and back bets in a convenient manner, while bringing in more profit overall.

#1 Try Betfair Risk Free

Open an account and enter the Promo Code VAL222. If your first Exchange bet at Betfair loses you receive a free bet worth up to £20.

Lay Betting Explained

Lay your bets at the Betfair ExchangeBetting exchanges share the same strategies surrounding traditional betting, just with a few modifications surrounding their structure and earning potential. Historically, if someone wanted to place a bet on a sporting event, they would seek out a bookmaker for assistance. The better would play the part of the “backer” by placing their money on who they thought would win, while the bookmaker would play the part of a “layer”, meaning they would win if the team lost. Lay betting is when someone bets on a chosen team to lose instead of win, while backing is the term for the most common process of betting on a team to win.

Online betting exchanges operate by using the same “layer versus backer” strategy, but by allowing their members to act as either party. Due to their being no bookmaker involved, more profits are promised and gained as a result. Most online betting exchanges offer up to 20% higher betting odds as opposed to traditional betting methods, due to the member being able to chose which position that they want to assume. With most of the information surrounding the matched bets being available conveniently on-screen, the entire operation is more organized and enhanced with maximum earning potential.

Betting Exchanges Explained

Since betting exchanges do not have an official bookmaker generating profit, many are curious as to how they stay in business with such prominence. Betting exchanges generally charge commission on every win, but the commission percentage rates are typically generously low. The majority of mainstream betting exchanges charge as little as 5% commission on every win, ensuring that their members are guaranteed a higher profit when compared to conventional betting routes. Many are also more naturally drawn to online betting exchanges, due to the beneficial limits set on accumulated debt. While many lose profit during traditional betting practices, online betting exchanges have productive restrictions set in place, which only allow users to accumulate a certain amount of debt. Bookmakers traditionally allow sports betters to bet on credit, which can add up into quite a large amount of debt. With the limitations that betting exchanges have in place, betting enthusiasts can enjoy the betting process without worrying about future financial woes.

Layers and backers may be the most common roles taken on by online betters, but it is also important to note that most online betting exchanges also enable members to take on the positions of “arbitrageurs” and “traders”. Arbitrageurs are betters who bet on every possible outcome, in order to ensure some type of profit in the end. Traders, however, pursue quite a similar path, but choose to do so when there isn't always any possible instantaneous profit involved. Online betting exchanges typically allow members to act as layers, backers, arbitrageurs, and traders, which provides users with an admirable amount of flexibility and earning potential.

Betting Exchange Sites

#1 Betfair £20 Risk Free Bet

Open an account and enter the Promo Code. Place a first Exchange bet at Betfair and if it loses receive a bet worth up to £20

When it comes to the most reliable online betting exchange sites, Betfair is by far the largest site across the globe that is currently up and running. Betfair brings in an estimated $50 million on a weekly basis, due to their hefty amount of active members. While Betfair has over 4 million registered members overall, they still have over 1 million members who are active on a regular basis. Due to their sizable amount of dedicated users, Betfair is a great choice for those looking for a well-established exchange. Due to their substantially populated platform, betters are able to become matched with suitable opponents during just about any sporting event, regardless of how minor or major the event is classified as. Since the betting exchanges match betters with appropriate opponents, the predicted losses are never too extravagant, and winning is a more frequent occurrence.

#2 Betdaq £25 in Free Bets

Open an account and enter the Promo Code. Once you have earned 4 Commission Points you will be credited with a Free Bet of £25.

Another one of the most popular and reliable betting exchanges, is Betdaq. Betdaq is the second largest international betting exchange site and operates similarly to Betfair. While these sites are based out of Ireland (Betdaq) and the United Kingdom (Betfair), both support most forms of currency in order to accommodate both national and international members. The simple yet interactive interfaces of both Betfair and Betdaq allow users to place live bets in an organized and simplified manner with related calculations conveniently in clear view. Being able to view and analyze odd percentages and earning potential makes the betting process a lot more of an enjoyable experience.

Betting Exchange Software

Another useful tool surrounding betting exchanges for both hosts and participants, is online betting exchange software. Betting exchange software allows betters to monitor their ongoing bets in a direct manner, all in one location. This software is also great for betting exchanges that are just starting out, due to how they assist owners of new exchanges in marketing their product to generate more traffic. Regardless of who installs and utilizes the software, these programs can be a great contributor in increased profit for both members and owners of betting exchange sites.

Introducing a new betting system into your already-established routine can understandably seem like an avoidable hassle, but online betting exchange sites been proven to be more effective than traditional betting in almost every measurable area. By familiarizing yourself with betting exchanges explained as above, you are sure to bring in a higher profit with a lot less effort involved. Not only do these exchanges provide members a convenient and profitable experience, but they do so in a way that is safe and engaging for participants.

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