Online Betting Exchanges
Betting exchanges and the concept might be very new to many members online, but this betting method was used as one of the first betting methods. This manner of betting is available with most bet sites, but the differences come in when looking at the sports available with these options and what the commission percentage is between sites.
All these factors and many others could make a big difference to your betting experience. One of the best online betting exchanges is available at Betfair Sports. The site is extremely competitive and provides many other forms of betting to its members. The betting exchange options are live, meaning users can see live odds as members from around the world place their bets.
How Betting Exchanges Work
All betting exchanges work about the same. Some sites might have certain terms and conditions or require a higher commission, but at the end of the day it will all work the same, but bettors will simply not have the same winning power when dealing with a site that takes a higher commission.
The betting exchange takes place between players only. This means you bet against the other stakeholders. The betting site will create a result, for example, team A will beat team B. The bettors on the site can then place their bets to support the outcome, which is known as a back bet, or they can disagree and place a lay bet.
The site will post the odds of the game, but once bettors begin to place their bets, the odds will change accordingly. If more players place a back bet, the lay bet odds will change as well. This will create a bigger winning opportunity for those who bet on lay, but it also means they are going against what most bettors believe will happen in the game.
Betfair Betting Exchange
Betfair betting exchange is a brilliant example of how online betting exchanges cater to players. The site is easy to use, and users from around the world can exchange bets with others.
The site has been online since 1999 and has since become known as a highly respected and fair betting site. U.K. players enjoy Betfair as they can wager on all their favourite matches while having the option to bet on any ongoing sport worldwide.
Placing an exchange bet with Betfair is easy as they provide live results as other bettors also place their odds. The site will only require a 5% commission, which is a lot lower than many other sites available. Users will have the ability to place multiple bets on various games and have full control over all the odds with the updates and accuracy the site has to offer.
Top Betting Exchange Sites
US Players Not Accepted
Site Promotions Including Boosts,Cashouts & Fast Markets
New customers only. Max one £10 free bet. Qualifying bets must be placed at odds of 1/1 or greater. Paid as bonus token with min 4/5 odds required. Skrill, Neteller & Paypal not eligible. T&Cs apply. 18+