Using a Betting Exchange. Betting exchanges are run on websites which work in a similar way to most sports betting sites. Before you can start betting, you have to open an account and deposit funds. You'll then be able to login to your account and see all the various sports that are covered, and the available betting markets. Register for your free ID. 24/7 refill & withdrawal. Min deposit ₹200 only. Live casino, slots, matka games available. The full list of tracks which have made agreements to offer Exchange betting include Monmouth Park, Woodbine, and the tracks running live in Louisiana and West Virginia. In Canada, Woodbine racegoers can also use the service. Simply, the players visit the betting exchange site by using their standard smartphone web browser. Of course, we don't say that there's no site with a designated betting exchange app. If the app is launched. Best Betting Exchange Sites. Each online betting exchange site we review is internationally-regulated and licensed by well known and reputable jurisdictions ensuring that they are regularly tested for fairness.
- Betting Exchange Sites
- Betting Exchange Sites Free
- American Betting Exchange
- Betting Exchange Sites Canada
- Betting Exchange Sites Free
In order to start trading football today, a betting exchange account is essential. Bookie accounts do not allow you to trade in the same way, so they are not going to do the job.
We have already explained betting exchanges in detail, now we look at the four exchanges available in the United Kingdom and Republic of Ireland.
It's worth signing up to them all for the new customer bonuses, but you will also find lower commissions here and there. In addition, if you're going to become a serious football trader, you need to have a back-up plan in place for when your favourite betting exchange runs into technical difficulties. That happens from time to time and by being well prepared, you will avoid needless losses.
So here is our list of betting exchanges, starting with the biggest (but not always best).
Betfair is the world's largest betting exchange.It was formed in 2000 and, although being based in Hammersmith, West London, it operates under a Gibraltar licence. From 2 February 2016, the company has been listed on the London Stock Exchange as Paddy Power Betfair.
Betfair won a 'Queen's Award for Enterprise' in April 2008. This was in recognition of the fact that more than half of all new customers come from outside the UK and account for 44% of all revenue. That might not be the case any longer, since Betfair pulled out of Germany, Austria, Spain and Portugal due to regulatory issues.
In September 2008, Betfair introduced 'Premium Charge' which we have explained here. The company stated that fewer than 0.5% of their customers would be affected but that is still more than 20,000 successful traders, given their claim of having at least four million customers.
There was a huge amount of criticism for Premium Charge, including a Guardian article which stated that Betfair is 'where winners have just become losers'. However, you do need to be very profitable in order to hit this extra charge so it's a nice problem to have!
Every football trader must have a Betfair account. The market liquidity is better than any other exchange and many more matches are offered in-play. There's simply no other option for many football fixtures.
Matchbook was formed in 2004, but only became a major player after being acquired by a group of investors in 2011.
For any exchange, liquidity is vital and Matchbook have stated that, 'we want to grow our community by focusing on our liquidity, one market and sport at a time. To do this, we ensure we have critical mass along with the best price and liquidity offering in the industry, before we add any further markets.'
The ultra-low commission rate in the UK (and no Premium Charge) will certainly help attract customers.
There is still a way to go with football markets, though Matchbook claim to have 'the most significant pool of US sports liquidity available'. This includes NFL, NBA, NHL and MLB.
Can Matchbook challenge Betfair when it comes to football trading? Time will tell.
In the meantime, let's do our bit and take advantage of the much lower commissions whenever we can!
Smarkets is the newest sports betting exchange, having been founded in 2008.
In their mission statement, Smarkets state that they 'take a stand for integrity by providing a superior online investment platform that facilitates honest, user-centered trading in regard to sports, politics and current events'.
This all sounds very nice, but can Smarkets challenge Betfair?
They certainly seem to think so, saying that they are 'gearing up their platform to pose a serious challenge to other established betting exchange operators'.
Growth does seem to be picking up. It took Smarkets until April 2014 to hit £500m lifetime trades but then less than a year to double that, achieving the £1bn mark in March 2015.
March 2015 has seen Smarkets surpass £1bn in lifetime trades!
— Smarkets (@smarkets) March 23, 2015At 2% commission they will certainly attract customers but the key, as always, will be liquidity.
Betdaq was founded in 2000 by Irish businessman Dermot Desmond and acquired by Ladbrokes PLC in February 2013.
At the time of the acquisition, Betdaq had an estimated 7% share of the online betting market in Great Britain and Ireland and was generally considered to be the main competitor to Betfair.
Smarkets is the newest sports betting exchange, having been founded in 2008.
In their mission statement, Smarkets state that they 'take a stand for integrity by providing a superior online investment platform that facilitates honest, user-centered trading in regard to sports, politics and current events'.
This all sounds very nice, but can Smarkets challenge Betfair?
They certainly seem to think so, saying that they are 'gearing up their platform to pose a serious challenge to other established betting exchange operators'.
Growth does seem to be picking up. It took Smarkets until April 2014 to hit £500m lifetime trades but then less than a year to double that, achieving the £1bn mark in March 2015.
March 2015 has seen Smarkets surpass £1bn in lifetime trades!
— Smarkets (@smarkets) March 23, 2015At 2% commission they will certainly attract customers but the key, as always, will be liquidity.
Betdaq was founded in 2000 by Irish businessman Dermot Desmond and acquired by Ladbrokes PLC in February 2013.
At the time of the acquisition, Betdaq had an estimated 7% share of the online betting market in Great Britain and Ireland and was generally considered to be the main competitor to Betfair.
Ladbrokes paid €30m for Betdaq's exchange operator and also acquired a 10% stake in the company which provides the technology for the exchange. They have an option to either buy the remaining 90% or sell the initial 10% back. It appears that Ladbrokes were after this technology more than the exchange itself as very little appears to have happened since in terms of development.
Betdaq claim to handle in excess of £75M worth of bets every week. That sounds like a large amount of money, but Betfair regularly see more than £2m matched in one Premier League match odds market.
That obviously means that liquidity is not as good at Betdaq as it is at Betfair, but there's no Premium Charge either. Swings and roundabouts.
More information about each betting exchange:
Matchbook Betting Exchange: Cheaper Commission & ReliableBetting Exchange Sites
Betfair Sportsbook and Exchange: Turning Bets into TradesBetting Exchange Sites Free
For years, betting exchanges have been a gambling haven for sports bettors worldwide. Don't confuse betting exchanges with sportsbooks though. Think of betting exchanges as a sports betting stock market. Exchanges are made through online peer-to-peer networks, adding a whole new dimension to sports. Regrettably, USA residents do not have access to betting exchanges.
How does a betting exchange operate?
Betting exchange websites offer sports gamblers an opportunity to bet against other players. Almost all major sports are able to be wagered on, including games in the MLB, NFL and NHL. Betting exchanges process withdrawals and deposits no differently than how online sportsbooks do. Just like sportsbooks, you can use Moneybookers, Neteller and credit cards to make a deposit. Though it may seem overwhelming at first, betting exchanges become very familiar after you make a couple of bets. A player can wager multiple variations of a bet. They can pick the under/over of a game, or perhaps try to cover or beat a point spread.
American Betting Exchange
A wager becomes a matched bet once it has been accepted. A matched bet is binding, and cannot be reversed or cancelled, as it is connected to another player's bet. Unmatched bets become official once they have been paid for. Other players can match or bet against whatever you selected through the betting market. Should your wager not be accepted or unmatched once the game starts, your wager will be returned to your account. Sports bettors have an opportunity to save money by using exchanges for some of their bets, as bettors can accept wagers from other players, or even create their own. You'll find the odds at betting exchanges substantially greater than your average online sportsbook. With this approach to gambling, bettors can see multiple odds and spreads in order to obtain the highest return on their wager. Since the exchange is offering an outlet for gamblers to make bets with one other, there is a percentage taken from each bet you make.
Commissions are generally taken from bets that win, but many betting exchanges charge fees on the bet itself, whether you win or lose. Additionally, at some betting exchanges, you may be charged a fee if you match another player's offer. Be mindful of these commissions before placing any bet to avoid surprises, and to budget your bets accordingly. Some betting exchanges offer VIP registration, particularly to those who bet often. Such memberships offer lower commission fees or fixed rates. Some memberships allow you to remain off leaderboards, allowing you to bet against your peers anonymously.
Betting Exchange Sites Canada
What kinds of bets can I make with betting exchanges?
There are multiple wagers you can make using betting exchanges that typical online sportsbooks don't offer. The most popular type of bet is the 'back' option, where a wager is made according to a specific amount listed by the exchange if you want to match that bet. In contrast, a bettor can make a 'lay' bet, which is where you are wagering against a particular outcome. If you mistakenly bet against the wrong team, the betting exchange will allow you to null and void your wager, assuming it hasn't become matched. Such cancellations must be made immediately, as your wager can become matched very quickly. Most betting exchanges have a grace period placed on each wager, allowing customers to respond to any changes in game conditions. Should you make a mistake, and your bet becomes matched before you can adjust it, the best course of action would be to bet on the other team in that game. You can always check your status or in-play with cash bets, which is the sum of money to be used for bets matched and unmatched. Your bet will cost more if you have funds available, but you will be able to wager on the side you initially wanted to bet on.
Can betting exchanges be used to make middle bets?
Betting Exchange Sites Free
Middling is when a bet is made on both sides of a game, with the intention of hitting the middle of the two bets. Middling is normally done when you're able to discover a two to three point gap between the spreads of a particular game. This is where betting exchanges really excel. If your bet was made with a bookie or a sportsbook, you can check the exchange to see what the odds are for bet middling. Middle bets can pay rather well on high profile games. Some call betting exchanges the poker of sports game wagering. Betting exchanges allow individuals to face off against each other for the same prize. Rather than competing with one sportsbook, you will be betting against other gamblers all over the world. The biggest benefit of using a betting exchange is that, should you do well and become a professional gambler, your bets would never be limited, nor will your odds change. With betting exchanges, you are obtaining the highest odds and profitable spreads online, especially when you are not playing against the house.
