What Is a Betting Exchange? The Low Down On Betting Exchanges

You can assume two roles on the platform—a back bettor and a lay bettor, as explained below. It’s a willing buyer, willing seller kind of scenario where punters connect. I like to call betting exchanges the “eBay of betting”. This question is best explained by outlining the main characteristics of a betting exchange.

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The odds available on a betting exchange are usually better than those offered by bookmakers, in spite of the commission charged, because there are smaller overrounds. BETDAQ (which also traded as the ‘Ladbrokes Exchange’) is believed to be the second largest betting exchange and it had an estimated 7% share of the betting exchange market in 2013. Since then Betfair has maintained a leading position in the betting exchange market.

All in all, welcome bonuses of all kinds are great, as it’s always a great feeling to receive a gift as a new user. They mainly exist to attract new players to the platform and give them a head start for making their first bet. One important thing to take into account is that every betting exchange has a welcome bonus. Those who decide to sign up for a betting exchange will usually get a free bet bonus just for signing up on the platform.

With a betting exchange there are no “bookmakers”, just punters coming together to place bets. So, for example, you might be able to place a bet here at EasyBet exchange for £15 at the great price of 4.5 on a greyhound when it’s just 3.8 at a sportsbook. One thing that really surprised me when I took a closer look at the product was the liquidity of its markets, but it’s with explaining what exactly we mean by that. Betting exchange site is a marketplace for customers to bet on the outcome of discrete events and have much better odds than traditional fixed odds bookies. But punters should be aware that there are considerable risks to laying bets on exchanges.

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Betting exchanges explained in this article might run a cheaper operation than a sportsbook but it’s certainly not a charity platform. Like back bettors, lay bettors also create their own odds. On the contrary, the lay bettor assumes the role of the sportsbook and does precisely the opposite of what a back bettor does. The winner wins money from the opposing player minus the betting exchange’s cut.

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