How To Make Amazing Lay Profits Using Betting Exchanges

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How To Make Amazing Lay Profits Using Betting Exchanges

A betting exchange is basically matching bets between those willing to lay a price and those willing to take a price. Instead of betting directly with a bookmaker you bet with a third party using the betting exchange as a clearing house. This means that the betting exchange is responsible for the settlement of the bet. You do not have the risk of your counterparty in the bet transaction going broke. This is well and fine as long as the betting exchange itself does not go bust.

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How To Make Amazing Lay Profits Using Betting Exchanges

A betting exchange is basically matching bets between those willing to lay a price and those willing to take a price. Instead of betting directly with a bookmaker you bet with a third party using the betting exchange as a clearing house. This means that the betting exchange is responsible for the settlement of the bet. You do not have the risk of your counterparty in the bet transaction going broke. This is well and fine as long as the betting exchange itself does not go bust.

The betting exchange takes out commission from one of or both of the parties depending on its terms and conditions. Most usual is to deduct the commission from the winner of the bet when it is settled.

A betting exchange does often give better odds than wagering directly with a bookmaker, but liquidity on certain events may be poorer and all you may find that wagering accumulators is not so easy to do. This basically means that the betting exchange is the playground of the professionals. People who only hunt value and mainly stick to singles love the exchanges.

Finding a good sports exchange site is not harder than finding a good sports book. There are many solid online sports betting exchange sites. Once you have done some research and due diligence on them, familiarize yourself with the system and make sure you know their terms and conditions.

You’re best to stick with companies that have been around for a long time. Betfair, Matchbook and Betdaq are three popular sites. Betfair is by far the biggest operator and is a listed company. Once you get comfortable with the user interface and what the sites have to offer you will be amazed at the opportunities you have and the increased Return on Betting you will have. Betting exchanges come with our warmest recommendation.

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