Betting Exchanges – A Beginners Guide

| September 28, 2010 | 1 Reply

In a nutshell

Betting exchanges provide a place where people can bet against each other, rather than deal with bookmakers. As a result, better prices are often available and there is an opportunity to lay (bet against something) as well as bet.

Advantages and disadvantages

One of the main advantages of exchanges is the opportunity they give you to play bookmaker and lay selections. In doing so, you are able to select the odds and the stake that you are willing to accept. This can provide plenty of great money making opportunities that are simply unavailable when betting with bookmakers.

It’s important to note that not every lay bet will be matched and it can be particularly difficult to find interested bettors when laying in a more obscure market.

Regardless of whether you are laying or betting there are often better prices available in an exchange, than your standard bookie. This is again due to the fact, that it is the customer that sets the price and not the company.

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All of these plus points are tempered slightly by the fact that betting exchanges charge a commission (usually 5%) on any net profits, but when taking into account some of the great value on offer, this is only a minor negative.

What exchanges are available?

Betfair is the most popular betting exchange currently in existence and they offer a multitude of markets for a wide range of sports.

The other main exchanges are:

Betdaq
Betsson
WBX

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Category: Betting Guides

Comments (1)

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  1. Billy says:

    Does anyone use any of the other betting exchanges (other than betfair) on a regular basis? I’m interested in trying them but I’m not sure whether they’ll be anywhere near the quality of Betfair.

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