Betting Exchanges

Betting exchanges are a fairly new phenomenon, they differ slightly from traditional bookmarkers. A betting exchange allows customers to bet directly against each other, rather than through the bookmaker. The Exchange then takes a small percentage of the winnings for facilitating the bet. The odds are determined individuals. The exchange cannot loose as the fee is taken from the winnings. Betting exchanges are changing the way betting is done, and has grown massively over the last few years.

How it Works

Betting exchanges work by matching bet placed by customers with opposing views, that both wish to bet on a particular event. basically the betting exchange acts like a go between for the two customers and gets a small cut of the winnings. because the fee is taken from the winnings and the bookmaker will win either way, they can slash their fees and be much more competitive than the traditional bookmakers.

The Advantages of Betting Exchanges


One of the main advantages of a betting exchange over traditional betting is that you can "lay" a result, or bet to loose as well as win. There is also a much larger variety of bets available, as long as someone else is willing to bet against you.

Professional gamblers prefer to use exchanges over traditional bookmakers, mainly because the odds are much better. Odds are usually about15%-20% better than a normal bookmakers. Exchanges take a commission to cover there costs, the commission is taken only from the winning pot. commission varies and if you are a regular of tend to bet quite large sums of money, you can get the free down to 2% of the winnings.

Another great thing about exchanges, is that they make it possible to bet on a result whilst the game or event is actually taking place. This means you can decide how a game is going and what direction its heading in, and bet on you predicted outcome, as long as there is someone else who believes the opposite will happen. Exchanges also don't punished you for winning allot. with traditional bookmarker you can receive reduced bets, and sometimes not be bale to bet on particular games because you have won, and they don't want to loose any more money to you. Because exchanges take a commission from the winnings, they don't care if you win or loose.

Tips for Beginners

Start with small bet. because the way exchanges work, its a good idea to try to understand it before putting down large sums of cash. Read as much information as possible about any particular bookmaker, as you may join and then realize you have missed out on a free bet. They are all competing for your custom, so its possible to find some great introductory offers.

Be careful, nothing is certain. Make sure you never spend more money than you can afford o loose.