Exchange Betting is a type of gambling that allows you to bet against other people rather than against the house. This can be a great way to get better odds on your bets, but it also comes with some risks. In this article, we'll give you everything you need to know, including how they work, their pros and cons, and where you can find the best Exchange Betting sites.
Exchange betting is a form of mutual betting, where punters can bet against other punters rather than against a bookmaker. This means that you can choose the odds you want, depending on the outcome of the match you are betting on. If you think Team A will win, you can bet at odds of 1.50. If you think Team B will win, you can bet at odds 2.50. The odds can be adjusted according to demand, meaning you can always get the odds you want.
Betting against other punters is a great way to maximise your win, as there are no fees charged by a Bookmaker on winnings. The only cost will be the commission the exchange charges as a reward for providing this unique service. You will often find that these commissions are very low compared to the fees charged in traditional environments such as fixed odds bookmakers.
Back & Lay is a technique used by professional punters to generate a profit on the sports markets. The method consists of 'backing' an event to profit from it if it occurs, then 'laying' the event to profit from the rise in price if it does not occur.
This means that when you BACK, you buy the odds, and when you LAY, you sell the odds.
Betting exchange platforms are an interesting alternative to traditional bookmakers. This is because they offer a number of advantages such as better odds, live betting opportunities and advanced betting management tools.
However, it's important to remember that betting exchange platforms also have some disadvantages. In particular, they are often more complex to use and can be less reliable than traditional bookmakers.
To access the betting exchange platforms, you must first register with a broker that provides access. You can then access the betting exchange platforms via that broker. Licensed sports betting brokers usually offer a range of services, including payment services, analysis tools and live betting services.
Here are the brokers who provide access to Orbit eXchange (betfair market):
| Rank | Specificity | Discover |
|---|---|---|
| 1 | Bet at the best odds from a dozen Asian bookmakers with the Edge tool, Skype betting and exchange betting. Only on cryptocurrency. | Go |
| 2 | The oldest sports betting broker offering Skype/Telegram betting and Orbit Exchange (betfair market). | Go |
| 3 | Bet at the best odds from a dozen Asian bookmakers with the Edge tool, Skype betting and exchange betting. In crypto only. | Go |
Sometimes called mutual betting, it can be a great way to make more money on your bets, but it's important to understand the risks before you take the plunge. We hope this article has helped you learn everything you need to know about mutual betting.
In a betting exchange, bettors play against each other, unlike traditional bookmakers where you bet against the house. This allows you to set your own odds.
A commission is a small percentage taken by the betting exchange platform on realized winnings, as there is no bookmaker to generate profits via odds.
Generally, once accepted, a bet on a betting exchange platform cannot be cancelled. However, you can often place a "lay" bet to cover a potential loss.
No, some platforms are restricted depending on the country. You will need to check local laws and access conditions for each platform.
The "lay" allows you to bet against an event, thus offering more strategic flexibility for experienced bettors who want to maximize their options.
