Of all the exchange sites, Smarkets has the best app, so bear that in mind if that is a big consideration point for you as a bettor.

They have low commission rates and offer a brilliant alternative to the others, mainly thanks to how slick the app is. There are a tonne of statistics, live odds data, different graphs and infographics, all to help inform bets.

Smarkets has always been rated highly by OLBG members, consistently matching the previously available Matchbook and BetDaq exchanges in our users' eyes. You will find a section later on in the article explaining why you need a second exchange account if you are an active sports betting trader, and the recommendation in the absence of Matchbook is to open and use a Smarkets account.

The design is more modern than Betfair although not at all dissimilar at the same time. I would have to say navigation between markets is considerably quicker.

Matchbook has comparable liquidity to Betfair on horse racing and major events, while the app, and site, has a slick feel across its platform.

The low commission rates make it an excellent option, and they even do a brilliant and influential podcast that is well worth a listen. It's still worth considering exactly what it is that you're after as a bettor. Different users will want different things from thier bookmaker, and that still applies to exchanges.

With that in mind, the below outlines why some users may choose one over the other, despite our overall scores cross the board. You can see from the table below the lowest commission rates of the UK betting exchanges listed however, each commission rate works slightly differently from others.

To help understand these rates more completely before deciding to open a new betting exchange account, and who with, we offer fuller explanations on betting exchange commission rates in the next sections.

We thought it would be helpful to find a full commission rate comparison for betting exchange sites in one place, as when we were researching for this article we couldn't find one online. We present the basic commission rates for UK Betting Exchanges in the table above, and then in subsequent sections go on to explain them in further detail, exchange by exchange.

There are slight differences in the advertised exchange commission rates depending on your activity and some pass over of point of consumption takes. Explained in full below. Let's compare a simple football bet on the exchanges to see how the commission rates affect your nett return.

We are 'back' betting on an outcome in a betting market to win at odds of 3. Every bet you make will earn you Betfair points. These add up and equate to a commission discount rate. It's quite simple to understand but worth reading up on. Simply, the more you bet, the more points you earn, and the bigger discount you receive.

New Customer offer. Rewards valid for 30 days. SMS verification required. Only deposits via cards will qualify. Please Gamble Responsibly. One of the options is a reduced exchange commission rate, but you do have to sacrifice some promotions, BOG, and other Betfair features.

As you can see in the table above, a £50 stake on a 3. This 'Pro Tier' Commission rate is for users making more than or staking more than £1,, each calendar month.

I'm guessing this is not you, but if it is, OPT IN to half the commission you are paying. Nothing payable if a nett loss has been made on the market.

It's a lower rate than Betfair, comparable that you only pay on profit, so head to head, BetDaq come out better. Check out the Betfair v BetDaq section below for more direct comparisons between the two exchanges. Promo code 0COMM must be entered during registration.

Offer only available to users who deposit via debit card. Not available to API, RDT or trading software customers. Often betting exchanges are lauded for offering better prices in comparison to traditional online bookmaker sportsbooks. This is often the case and is backed up with the information on the event chosen below from the best odds bookmaker for the event.

However, if the liquidity is not present at a better price then it is a false scenario and the sportsbook is the better place to make the bet. Choosing the Nations League Semi-Final between the Netherlands and England as an example and looking specifically at the price to bet on the Netherlands we find the following price and liquidity comparison information.

I have added BetVictor's current best price on the Netherlands also for comparison against sportsbook pricing too. I use BetVictor as they are usually the best-priced bookie for football betting as you can see from this odds comparison guide which shows which bookmaker is best for football betting odds as well as lots of other sports.

You could bet £ on the Netherlands to win at odds of 3. Whilst the lay price was the same across the board, you could lay over £5k with Smarkets at the general price of 3. The POOR Liquidity available on this market at BetDaq was a standout.

With just £ available to bet at the lowest back price, the alternatives both offer a better backing option. Likewise, whilst a lay is available at a competitive price, only £ is waiting to be matched, against over £ with Betfair and a huge £5k with Smarkets. You want the maximum amount to bet or lay at the best prices.

In this test, both Matchbook and Smarkets did well. Liquidity is the amount of money available to bet either with or against in a betting exchange market. Liquidity is both the price available to 'back' or the amount of 'back stakes' available to lay at.

For more information on how betting exchanges work, check out this betting exchange guide. We feel that Smarkets as a company is going places with their distinctive offering making them stand out from their competitors.

Simply it is cheaper to win on Smarkets than it is on Betfair but liquidity comes into play here as covered in the liquidity section for Smarekts below. The prices available on the two exchanges do not differ enough to close the value gap at small stakes.

This is where liquidity will come in. Design and User Experience. If you want more money on a bigger price to get bigger profits, then it is possible this can be achieved on Betfair which negates somewhat the difference in the commission rates.

We have not gathered enough information to have a worthwhile comparison to give an exact parity at differing stake and profit levels. Matchbook are an alternative to the Betfair Exchange and have great liquidity. Let's take a look and see how they come up against Betfair in a head to head.

So, in terms of depth of liquidity, then Betfair will almost always come up trumps, but as we have seen in the football example above, there was not a distinct upper hand held by Betfair.

By the same token, I took a quick snapshot of the next available UK Horse race for this Betfair v Matchbook comparison and found the following on the back side with exactly 10 minutes until the scheduled 'off' time. Matchbook did, in fact, have marginally more money at the point of the snapshot in the back side of the market than Betfair did, and it is worth noting that 4 of the 5 prices were identical at the time.

What was noticeable, however, is the activity was more frenetic on matchbook 10 minutes before the off than Betfair. A note that perhaps traders might be interested in. Bet £10 on any Greyhound Market and get a £10 Bonus. Bonus will be applied within 72 hours of settlement. Bonus must be rolled over on a Greyhounds market once on a selection of odds of 1.

New customers only. Debit card deposits only. T's and C's Apply. The Purple one as they are known due to their website colouring is the longest running challengers to Betfair's betting exchange dominance. They are working tirelessly to compete and have introduced a range of innovative concepts.

But for those around in the very early days of Exchanges, one might feel like they have gone back in time, as back in the day, the two platforms looked very similar. Betfair has moved forward in the display of the exchange whereas looking at BetDaq today is like fond memories of days gone by on Betfair.

It really hasn't come on. Well plainly with a far superior customer base Betfair will beat its rival hands down 'most of the time'. As we saw in the football example earlier in this article, BetDaq performed very poorly in terms of money available in the market, and for a popular event too.

BetDaq used to be the first alternative to Betfair, but rather than Smarkets taking Betfair's share of the market, I think they have eaten into Betdaqs share more. The one light BetDaq has is the ability to place multiple bets on the exchange, something Betfair did away with some time ago.

Other than that, BetDaq fails to match the market leader in any other aspect. Traders do not bet in the same way as normal punters and as such need absolute security that they can have access to a market at all times. Whilst betting exchanges are generally very reliable, it is inevitable that they will have some technical failure or downtime at some point.

Not a problem if you have placed your bet to win, and that is all you are using the exchange for, but if you are taking trading positions, then it is likely you will have high sports trading liabilities for at least a short period of time.

If the exchange you are trading on goes down at a point when you are in a high liability open position, you will have no way of closing. This is where your second betting exchange account comes to the rescue. call it the 5th emergency service, if you will! You should always have a second exchange account open and ready to rescue positions if your main exchange goes down.

Betting exchanges and Betfair, in particular, introduced the concept of in-play betting. With events going in play you can make a profit before an event finishes, and profit on all outcomes. G: If you have backed Arsenal at 3. The other options of the draw and the away team Manchester United will get bigger, you may see a scenario as below.

Having backed Arsenal at 3. This is betting heaven compared to 20 years ago. In this day and age, all bettors should have at least 1 Betting Exchange account, click any of the links to sign up today. What is the best Betting Exchange?

Add to that better liquidity [money available to bet] overall against any competitor. With the additional seamless switch to fixed-odds betting and a huge casino too.

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The Smarkets betting exchange allows you to back and lay with the best betting odds and lowest commission on all major sports and politics Join BETDAQ for all your online betting! ✓BETDAQ Exchange ✓Sportsbook ✓Casino ✓New Customers Offers Best Sports Betting Exchange Sites in the UK – Reviewed · Spreadex · Matchbook · Smarkets · BETDAQ · Betfair Exchange. Betfair Betting Exchange

Betting exchange sites - 1. Betfair. Still the best betting exchange out there and must have for exchange punters and traders. Betfair has the most markets for any The Smarkets betting exchange allows you to back and lay with the best betting odds and lowest commission on all major sports and politics Join BETDAQ for all your online betting! ✓BETDAQ Exchange ✓Sportsbook ✓Casino ✓New Customers Offers Best Sports Betting Exchange Sites in the UK – Reviewed · Spreadex · Matchbook · Smarkets · BETDAQ · Betfair Exchange. Betfair Betting Exchange

JOIN bet. me TODAY. Access to all your betting stats at your fingertips. Professional trading performance Available to everyone. Fully integrated betting tools Enhance your winning chances with our in-house betting tools. Competitive commission rate Coming soon. More about our commission plans.

Real-time charts Comprehensive and easy-to-use live charts. Matchbook allows you to use various methods to deposit or withdraw money. The downside of a matchbook is the huge sum of £ for minimum withdraw using direct to bank transfer. You can see that each betting exchange site has different commission rates.

Including some are zero percent. Some charge the commission on the winnings, while others charge on the net winnings. But it has a discounting rate that lowers the whole commission.

On every bet you place, you get points that sum up to the discount rate. So if you win £, you will receive £ It is considered to be the best betting exchange site because it only charges commission on net profits but not losses. You will be receiving full profits on all wins you make for this period.

Here is how the commission rates affect your total wins on different betting exchange sites. Take an example of backing on an outcome of 3.

Betting exchange is the trend in the recent world of betting. Online betting exchange sites are a marketplace where you can bet on discrete events. Discrete events mean each event happens at a specific instant. As a gambler, you can buy or sell the outcome in real-time. With bet exchange, you can cut in your loss or make a profit.

Many people shy away from this idea because it seems complex, but it is the best way to win a sports bet. It offers you the best odds and a greater chance to win a bet. Traditional betting allows you to only bet for an outcome.

But in a betting exchange, you can bet for or against an outcome. So it is more flexible than standard betting. First of all, you have to note that there must be two players before any bet is practical.

One player backs the bet while the other one lays the bet. You will understand this well with an example. For instance, there is a football match between Chelsea and arsenal. And you are sure that Chelsea will win. You can lay a bet that Arsenal wins the match.

For the betting exchange to be practical, you have to find another player that suggests Arsenal will win. You will only receive your profit from the bet if arsenal loses the game.

On the other hand, if Arsenal wins, you have to pay the other player according to the odds. The betting exchange site only cuts a little commission on the person that wins the bet. This is the traditional bookmaker way of betting.

It is when you bet for some specific outcome. In backing a bet the amount of stake is multiplied by the odds.

For example, if you bet for Chelsea with £10 on 2. It is the same as normal sports betting, but you bet against another bettor instead of a bookmaker.

This is when you bet against an outcome of a specific event. In general, is when you become the bookmaker and want the other party to lose so that you gain some profits.

With bet laying, you have a chance to propose odds to the other player. Most betting exchange sites have different colors for backing and laying a bet.

Laying a bet is the best thing because you have a double chance to win the bet. For example, there is a game between Chelsea and Manchester united.

And you are sure Manchester will win, but you bet that Chelsea will lose. Then that is laying a bet. So if Manchester wins or the match ends up in a draw, you still win the bet.

Experienced players in betting exchanges suggest you use the market value odds because your odds can be exaggerated. You must also lay a bet that has been backed by other players because the bet will only be valid when there are two players. This is a betting technique that allows a bettor to make a profit from the free bets offered by the bookmaker.

It is a simple but complex idea. It needs an account with two or more betting exchanges and bookmakers. The free bet is placed and the other betting exchanges try to hedge all possible outcomes. Doing so will maintain the value of the free bet.

Simply place a back bet at a bookmaker on the free bet and place a laying bet at the betting exchange. It is also called double betting because you can both back and lay a bet and whichever outcome you will win a bet.

Ensure you create two accounts, one with the bookmarker and the other one with a betting exchange. Surely, betting exchange is a complex idea but it is also the best way to win a bet.

The best way to view a betting exchange site is as if it is a stocks exchange. Where you buy and sell stocks bets according to your predictions and in the end, you gain profits.

You must have some strategies and tips in your mind for a successful betting exchange. Below are some of them. Bet exchange is the best option in gambling but you still need to be a gambler for gamblers. This means that you must take more risks to get good returns.

The best betting exchange sites require you to place one or two bets on your account. You cannot easily win a bet on a betting exchange sometimes with this option. You need to place several correct scores on a different market. It does not mean you have different accounts on different sites.

But you can create different accounts on one betting exchange site. The good thing is that the username can be different, but the password can be similar. Use one password on all of your accounts to avoid confusion. Multiple accounts increase your chances to win a bet. Because you can back a bet on one account and lay a bet on the other account.

However, this is a high-risk-high return type of bet. You will use more money as a stake, but at least you will get some return out of the many bets. The good thing with betting exchange is that you can easily get a double chance if you lay a bet. Football has the biggest market in betting and you can choose to draw when two strong teams are playing.

Draw always has the highest odds including the option. However, this rarely happens, but you must take risks as a gambler. Search for matches that are obvious one side is stronger than the other and lay the bet on the weak side.

Laying a bet has the best odds and also gives you a chance to increase or reduce the odds. Always have hope that the underdog will not win and gain some profits. This is a good betting exchange tip but requires you to have courage. Not all betting exchange sites but most of them offer in-play, live streaming, and cash-out options.

Nowadays if you want many users on your betting exchange site to have such options. The live streaming option is the best because it allows you to cash out before the game ends.

A sportsbook is a well-established place where a gambler can place various sports bets. A sportsbook has various betting events outlined giving you a chance to choose one out of the long list. In general, this is a place where bets can be made on sports events.

A sportsbook has events that will happen soon. On the other hand betting exchange is a type of betting that allows you to back or lay a bet. This is the current system of betting that most gamblers are running to. There are online betting exchange sites that allow you to bet for or against some discrete events.

With a betting exchange, you can trade in real-time to gain profits or cut on your losses. The online betting exchange site cuts some percentage on your wins. Most sites' commissions range between 2 and 5 percent. Some of the sites have a discount rate on the commission depending on the amount of risk you are taking.

So the more the risk, the bigger the discount rate you are given. This means that the best betting exchange sites have a sportsbook that helps users to place bets. A sportsbook on a betting exchange site will help the player to place a winning bet. Unlike the traditional bookmaker, betting exchange site owners want you to win a bet.

Because that is the only way they will get a commission. Betting exchange is complex, but the few who understand it are running towards the idea. Betting exchange sites are platforms that allow players to place backing and laying bets.

This article has given you the best betting exchange sites and the commission each site charges to users. Study the information above and choose the best betting exchange site available. You will get a chance to set your odds hence extra profits.

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Betting exchange sites - 1. Betfair. Still the best betting exchange out there and must have for exchange punters and traders. Betfair has the most markets for any The Smarkets betting exchange allows you to back and lay with the best betting odds and lowest commission on all major sports and politics Join BETDAQ for all your online betting! ✓BETDAQ Exchange ✓Sportsbook ✓Casino ✓New Customers Offers Best Sports Betting Exchange Sites in the UK – Reviewed · Spreadex · Matchbook · Smarkets · BETDAQ · Betfair Exchange. Betfair Betting Exchange

If for example, you Lay Real Madrid at 2. So if you tried to win £10 then your overall liability in money terms is going to be £ You failed with your Lay bet. That losing bet just cost you £ You were risking £ So if you saw Lay odds of 40 but you misread it at 4.

You would be out of a massive chunk of money. At Betfair for example, when you make a Lay bet, they will remove the full Liability from your balance to cover for the worst-case scenario. It will be back in your account if you win you Lay bet.

Because Decimal odds are easier to read and easier to calculate the fractional odds, you will see the bulk of betting exchange action going down in decimal odds. It is worth familiarizing yourself with it to this end.

It is going to be a lot less complicated in trying to figure out returns and liability when you do it in decimal odds. When you start getting into betting exchanges you will invariably come across the term of Green Book.

What this is, is when a punter creates a situation when they will claim a return no matter the outcome of a particular market. So a Green Book is creating a balanced situation. This does take some understanding and time to get down.

There are elements involved like time and judgement to get this just right. As with any betting that you do at a betting exchange it also needs any bets made to be matched.

A matched bet is where you either take a bet at odds that have been presented by another punter, or you set a lay bet option at your desired odds and wait for someone to oppose it. Scenario A: The horse wins you claim £ from the Back bet, minus the £ Liability from the Lay Bet so you take a £ total.

Scenario B: Bookies Worst Nightmare does not win the race and the Lay bet returns £, minus the £ stake from the losing Back bet. So you have broken even. So the basic aim is to try and find that balance between odds, where instead of the Lay bet just covering the outlay of the stake on the Back Bet, you can earn some kind of return from the Lay bet.

That is just all in the odds and it is why Lay betting and exchange betting in general needs some familiarizing with. Because betting exchanges can provide a lot of betting variations and at varying degrees of complexity, a look a strategies can offer punters a good insight into the workings of a betting exchange.

Betting exchanges strategies can be a good way to get a deeper understanding of just how an exchange can work for you. But approaching strategies from an informative perspective can help get more out of the experience.

They will give you a plan to work towards and nuggets of information that you may never have thought of. From trading live tennis matches to laying golf bets, we have plenty of betting exchange strategies available to get your up and running.

Betfair have superb support and they are packed to the rafters with helpful guides and video instructions to help you get a grasp on what you need to know. There is also a great community in their forum if you want even further help and guidance.

There is a lot to enjoy about betting exchanges, they can be challenging, fun and rewarding all at the same time. You can click on any of the links above and go and read our full review of the best betting exchanges. It is a helpful thing to go and see them in action yourself because that way you will get a personal feel for them.

We have sent our experienced bettors to look at, and test out the different exchanges and that is all of the information that you are going to be able to find above.

But as a quick oversight, here are our top picks of the best betting exchanges. I would have to say navigation between markets is considerably quicker.

Matchbook has comparable liquidity to Betfair on horse racing and major events, while the app, and site, has a slick feel across its platform. The low commission rates make it an excellent option, and they even do a brilliant and influential podcast that is well worth a listen. It's still worth considering exactly what it is that you're after as a bettor.

Different users will want different things from thier bookmaker, and that still applies to exchanges. With that in mind, the below outlines why some users may choose one over the other, despite our overall scores cross the board.

You can see from the table below the lowest commission rates of the UK betting exchanges listed however, each commission rate works slightly differently from others.

To help understand these rates more completely before deciding to open a new betting exchange account, and who with, we offer fuller explanations on betting exchange commission rates in the next sections.

We thought it would be helpful to find a full commission rate comparison for betting exchange sites in one place, as when we were researching for this article we couldn't find one online. We present the basic commission rates for UK Betting Exchanges in the table above, and then in subsequent sections go on to explain them in further detail, exchange by exchange.

There are slight differences in the advertised exchange commission rates depending on your activity and some pass over of point of consumption takes. Explained in full below. Let's compare a simple football bet on the exchanges to see how the commission rates affect your nett return. We are 'back' betting on an outcome in a betting market to win at odds of 3.

Every bet you make will earn you Betfair points. These add up and equate to a commission discount rate. It's quite simple to understand but worth reading up on. Simply, the more you bet, the more points you earn, and the bigger discount you receive.

New Customer offer. Rewards valid for 30 days. SMS verification required. Only deposits via cards will qualify. Please Gamble Responsibly. One of the options is a reduced exchange commission rate, but you do have to sacrifice some promotions, BOG, and other Betfair features. As you can see in the table above, a £50 stake on a 3.

This 'Pro Tier' Commission rate is for users making more than or staking more than £1,, each calendar month. I'm guessing this is not you, but if it is, OPT IN to half the commission you are paying.

Nothing payable if a nett loss has been made on the market. It's a lower rate than Betfair, comparable that you only pay on profit, so head to head, BetDaq come out better. Check out the Betfair v BetDaq section below for more direct comparisons between the two exchanges.

Promo code 0COMM must be entered during registration. Offer only available to users who deposit via debit card. Not available to API, RDT or trading software customers. Often betting exchanges are lauded for offering better prices in comparison to traditional online bookmaker sportsbooks.

This is often the case and is backed up with the information on the event chosen below from the best odds bookmaker for the event.

However, if the liquidity is not present at a better price then it is a false scenario and the sportsbook is the better place to make the bet.

Choosing the Nations League Semi-Final between the Netherlands and England as an example and looking specifically at the price to bet on the Netherlands we find the following price and liquidity comparison information.

I have added BetVictor's current best price on the Netherlands also for comparison against sportsbook pricing too. I use BetVictor as they are usually the best-priced bookie for football betting as you can see from this odds comparison guide which shows which bookmaker is best for football betting odds as well as lots of other sports.

You could bet £ on the Netherlands to win at odds of 3. Whilst the lay price was the same across the board, you could lay over £5k with Smarkets at the general price of 3.

The POOR Liquidity available on this market at BetDaq was a standout. With just £ available to bet at the lowest back price, the alternatives both offer a better backing option. Likewise, whilst a lay is available at a competitive price, only £ is waiting to be matched, against over £ with Betfair and a huge £5k with Smarkets.

You want the maximum amount to bet or lay at the best prices. In this test, both Matchbook and Smarkets did well. Liquidity is the amount of money available to bet either with or against in a betting exchange market.

Liquidity is both the price available to 'back' or the amount of 'back stakes' available to lay at. For more information on how betting exchanges work, check out this betting exchange guide.

We feel that Smarkets as a company is going places with their distinctive offering making them stand out from their competitors. Simply it is cheaper to win on Smarkets than it is on Betfair but liquidity comes into play here as covered in the liquidity section for Smarekts below.

The prices available on the two exchanges do not differ enough to close the value gap at small stakes. This is where liquidity will come in. Design and User Experience. If you want more money on a bigger price to get bigger profits, then it is possible this can be achieved on Betfair which negates somewhat the difference in the commission rates.

We have not gathered enough information to have a worthwhile comparison to give an exact parity at differing stake and profit levels. Matchbook are an alternative to the Betfair Exchange and have great liquidity.

Let's take a look and see how they come up against Betfair in a head to head. So, in terms of depth of liquidity, then Betfair will almost always come up trumps, but as we have seen in the football example above, there was not a distinct upper hand held by Betfair.

By the same token, I took a quick snapshot of the next available UK Horse race for this Betfair v Matchbook comparison and found the following on the back side with exactly 10 minutes until the scheduled 'off' time. Matchbook did, in fact, have marginally more money at the point of the snapshot in the back side of the market than Betfair did, and it is worth noting that 4 of the 5 prices were identical at the time.

What was noticeable, however, is the activity was more frenetic on matchbook 10 minutes before the off than Betfair. A note that perhaps traders might be interested in.

Bet £10 on any Greyhound Market and get a £10 Bonus. Bonus will be applied within 72 hours of settlement. Bonus must be rolled over on a Greyhounds market once on a selection of odds of 1. New customers only.

Debit card deposits only. The downside of a matchbook is the huge sum of £ for minimum withdraw using direct to bank transfer. You can see that each betting exchange site has different commission rates.

Including some are zero percent. Some charge the commission on the winnings, while others charge on the net winnings. But it has a discounting rate that lowers the whole commission.

On every bet you place, you get points that sum up to the discount rate. So if you win £, you will receive £ It is considered to be the best betting exchange site because it only charges commission on net profits but not losses.

You will be receiving full profits on all wins you make for this period. Here is how the commission rates affect your total wins on different betting exchange sites.

Take an example of backing on an outcome of 3. Betting exchange is the trend in the recent world of betting. Online betting exchange sites are a marketplace where you can bet on discrete events.

Discrete events mean each event happens at a specific instant. As a gambler, you can buy or sell the outcome in real-time. With bet exchange, you can cut in your loss or make a profit.

Many people shy away from this idea because it seems complex, but it is the best way to win a sports bet. It offers you the best odds and a greater chance to win a bet. Traditional betting allows you to only bet for an outcome. But in a betting exchange, you can bet for or against an outcome.

So it is more flexible than standard betting. First of all, you have to note that there must be two players before any bet is practical. One player backs the bet while the other one lays the bet. You will understand this well with an example.

For instance, there is a football match between Chelsea and arsenal. And you are sure that Chelsea will win. You can lay a bet that Arsenal wins the match. For the betting exchange to be practical, you have to find another player that suggests Arsenal will win. You will only receive your profit from the bet if arsenal loses the game.

On the other hand, if Arsenal wins, you have to pay the other player according to the odds. The betting exchange site only cuts a little commission on the person that wins the bet.

This is the traditional bookmaker way of betting. It is when you bet for some specific outcome. In backing a bet the amount of stake is multiplied by the odds. For example, if you bet for Chelsea with £10 on 2. It is the same as normal sports betting, but you bet against another bettor instead of a bookmaker.

This is when you bet against an outcome of a specific event. In general, is when you become the bookmaker and want the other party to lose so that you gain some profits. With bet laying, you have a chance to propose odds to the other player. Most betting exchange sites have different colors for backing and laying a bet.

Laying a bet is the best thing because you have a double chance to win the bet. For example, there is a game between Chelsea and Manchester united. And you are sure Manchester will win, but you bet that Chelsea will lose. Then that is laying a bet. So if Manchester wins or the match ends up in a draw, you still win the bet.

Experienced players in betting exchanges suggest you use the market value odds because your odds can be exaggerated. You must also lay a bet that has been backed by other players because the bet will only be valid when there are two players. This is a betting technique that allows a bettor to make a profit from the free bets offered by the bookmaker.

It is a simple but complex idea. It needs an account with two or more betting exchanges and bookmakers.

The free bet is placed and the other betting exchanges try to hedge all possible outcomes. Doing so will maintain the value of the free bet. Simply place a back bet at a bookmaker on the free bet and place a laying bet at the betting exchange.

It is also called double betting because you can both back and lay a bet and whichever outcome you will win a bet. Ensure you create two accounts, one with the bookmarker and the other one with a betting exchange. Surely, betting exchange is a complex idea but it is also the best way to win a bet.

The best way to view a betting exchange site is as if it is a stocks exchange. Where you buy and sell stocks bets according to your predictions and in the end, you gain profits.

You must have some strategies and tips in your mind for a successful betting exchange. Below are some of them.

Bet exchange is the best option in gambling but you still need to be a gambler for gamblers. This means that you must take more risks to get good returns.

The best betting exchange sites require you to place one or two bets on your account. You cannot easily win a bet on a betting exchange sometimes with this option. You need to place several correct scores on a different market.

It does not mean you have different accounts on different sites. But you can create different accounts on one betting exchange site.

The good thing is that the username can be different, but the password can be similar. Use one password on all of your accounts to avoid confusion. Multiple accounts increase your chances to win a bet. Because you can back a bet on one account and lay a bet on the other account.

However, this is a high-risk-high return type of bet.