Welcome to bettingexchanges.com, a leading website that showcases the best sports betting exchanges available to customers. You can often get better odds as an exchange betting customer compared to betting with a fixed-odds operator, while there is also the option to play the part of bookmaker and “lay” selections that you don’t think will win.
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What is a Betting Exchange?
Betting exchanges give you the chance to bet against other customers rather than the house. You can choose to play the role of punter and “back” selections as you would do with a normal bookmaker. Alternatively, you can position yourself as the bookie and “lay” selections against other customers.
Instead, you can “trade” on a betting exchange which means backing and laying on the same betting market. Some customers use betting exchanges to trade positions and make a profit whatever the outcome of a sporting event is.
What are the benefits of using a Betting Exchange?
There are several. Customers can often get better odds as a “backer” by using a betting exchange rather than a fixed-odds bookmaker. That’s because the bookies tend to copy each other with odds, whereas particular customers might be prepared to lay a bigger price on a selection they don’t think will win.
As mentioned, customers can also play the role of bookie and “lay” selections which isn’t a service that fixed-odds bookmakers offer. So rather than back a horse to win a particular race, you can alternatively oppose a horse that you don’t think will win.
You can also back and lay In-Play without the markets being suspended a great deal, while trading is available on betting markets too. For example, you can back Manchester City to win the Premier League title at odds of 4.00 and then lay them at odds of 2.00, thus making a profit whatever happens.
Can I get a welcome bonus from Betting Exchanges
Yes, there are often welcome bonuses available for new customers when they register a new account. You can sign up and often receive a deposit bonus or a matched free bet.
There are also some other excellent promotions which are worth checking out to help you land extra bonuses or even price boosts about particular selections.
How do Betting Exchanges make their money?
When you have an account with one of the leading betting exchanges, you will pay some sort of commission on each winning bet you make. This is usually a small amount up to 5% which is deducted from any returns when the betting market is settled.
However, if you place a losing bet with a betting exchange, then you won’t have to pay any commission on top of your original stake.