There are far fewer markets on offer, and you are never guaranteed to find somebody to back your lay bet. You also cannot usually place accumulator bets, meaning bets with multiple legs will need to be made with a traditional sportsbook. The main way that betting exchanges make money is by taking a small commission on winnings.
This is much the same business model as a poker room taking a rake in exchange for providing a safe and secure platform for players. It is important to make sure you factor in this commission when deciding to use a betting exchange to back bets. The odds may be better, but it is important to make a like-for-like comparison to a traditional sportsbook to see which option would secure you the best net profits.
The market leading betting exchange is the Betfair Exchange. They are the oldest exchange, having been formed in following a merger between two early online exchanges. Since then they have lead the betting exchange market. As Betfair as the largest online betting exchange, it is often the most liquid market.
This means that it is often easy to find other players to bet against and place larger bets. When we looked across a range of sites, we found that Betfair often had between two- to five-times the amount of money wagered on the exchange compared to their rivals.
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Telegraph Betting Sports guides. Betting exchanges are different to traditional betting sites in that they allow players to bet directly against each other and set odds themselves. We've noticed you're adblocking. We rely on advertising to help fund our award-winning journalism. Thank you for your support.
You can only select the biggest odds available as the exchange wants to get you matched at the biggest price. On the betting exchange, odds are always represented as decimals. In some ways, this format is easier to envisage potential winnings. To lay on a betting exchange, simply hit the lay button for the selection you want to bet against in your chosen market. The shorter the odds of the selection you lay, the smaller your liability. You can find these figures underneath each selection in a market, here on the left-hand side of the page.
As well as the chance to lay bets, betting exchanges charge commission on winning bets. Think of this as their reward for allowing backers and layers to bet against each other. After all, one of the eight runners will surely be declared the winner. Betting exchanges do not have a built-in overround. Theoretically, punters have a better chance and the overall odds are bigger on the betting exchange model.
This is especially true among the bigger-priced contenders in a market. Ultimately, the unique selling point of a betting exchange is being able to lay. This opens up the opportunity for more betting behaviours for potential profit, including arbing, trading and matched betting. The difference with betconnect is that our Punters do not have to actively seek out markets. Instead, we send them Bet Requests via our Pros — our backers looking to get on. Our Punters have a much better idea who they are betting against They are essentially receiving betting intelligence from well-informed betting brains with every Bet Request.
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