Exchange betting can no longer be considered a “new” way to bet on sports. We were surprised to find that it has been around for over 15 years now, and it’s still incredibly popular. Well, it’s popular among bettors anyway. The bookmakers don’t like it, simply because it takes them entirely out of the picture.

Click the BET NOW button and follow the three simple steps to open an account. Deposit funds into your account using instant EFT, Cash Deposit, or Credit Card transfer. Nov 12, 2020 Betfair is the world's largest betting exchange.It was formed in 2000 and, although being based in Hammersmith, West London, it operates under a Gibraltar licence. From 2 February 2016, the company has been listed on the London Stock Exchange as Paddy Power Betfair. Betfair won a 'Queen's Award for Enterprise' in April 2008. The first betting exchanges were Matchbook, flutter.com and Betfair. Flutter and Betfair merged in 2001 with Betfair chosen as the primary betting exchange. The flutter.com site ceased operations in.

As popular as exchange betting is, there are still some parts of the world where it hasn’t really taken off. And there are still plenty of people who don’t understand what it’s all about. We’re often asked to explain how exchange betting works, which is why we’ve put together this comprehensive guide. It covers everything you need to know about exchange betting, and includes some useful advice for making the most out of the opportunities it presents.

Before we discuss exchange betting in detail, we should first give you the necessary background information. Exchange betting was first introduced just before the turn of the century. A number of gambling sites started to offer this new sports betting concept, including one called Betfair. They launched in the United Kingdom amid a great deal of publicity, and are still the number one betting exchange today. In fact, they’re one of the largest online gambling operators in the world.

Betting Exchange Sites Uk

What made Betfair so appealing? They claimed that they would one day bring about, “death to the bookmaker.” This gave many bettors hope, to say the least, but they have yet to live up to their claims. Chances are, they never will. Betfair probably doesn’t really care either way at this point. Their initial claim attracted a lot of attention from the sports betting industry, causing everyone to want to know more about this revolutionary way to bet on sports.

While we would never deny that exchange betting is revolutionary, we would like to point out just how straightforward it is. As we already mentioned, it takes the bookmakers out of the picture. It allows individuals to place wagers with other individuals. They effectively agree on the odds and stakes for a wager between themselves, by using an online betting exchange platform. That’s essentially all there is to it.

Exchange betting offers a number of significant advantages over traditional methods of placing wagers. These advantages are largely why it has become such a popular way to bet. There are some disadvantages too though. We’ll explore both the advantages and the disadvantages later in this article. We’ll also explain more about how everything works. First, though, we’ll have to go over backing and laying. These terms are crucial to know before you fully can understand how exchange betting works.

Odds comparison sites compare odds offered on betting markets provided by a number of popular bookmakers and betting exchanges. The best price for a particular market is highlighted and so you can quickly see who is offering the best value.

Betting Exchange Sites

Betting Exchange Sites Games

Oddschecker (http://www.oddschecker.com) is a high profile example of an odds comparison site. Oddschecker was launched in 1999 with the aim of allowing its users to instantly identify the best betting value in any market from a selection of over 21 bookmakers and exchanges. Oddschecker was acquired by Sky in 2007. In 2015, Sky sold an 80% stake in its online betting and gaming business (Sky Bet). Oddschecker was part of this deal.

Oddschecker publishes the odds for over 500000 betting markets every month. The main focus is sporting events. 'Specials' markets are also covered. For example, Reality TV, Showbiz, Politics and Novelty markets. Oddschecker is free to use. You don’t need to register to use Oddscheckers core service – the odds comparisons. However, additional benefits are provided by registering on the site. For example, newsletters and offers.

By default, Oddschecker factors in the commission betting exchanges charge into the prices it publishes. This enables Oddschecker to provide a fair comparison between bookmaker’s odds and betting exchange odds. (If you want, you can change this behaviour, although you will need to create an Oddschecker account before you can exclude commission from the exchange prices.)

To use Oddschecker, you navigate to the betting market you are interested in and then select the best value odds, which are highlighted in bold. You are then taken directly to the betting slip at the chosen bookmaker or exchange. (Obviously you need a funded account with that bookmaker or exchange to go ahead and place the bet.)

Oddschecker makes it easy therefore to see who is providing the best value odds for individual bets. In the standard interface, however, it is trickier to do this for several selections that are combined to form an accumulator. This problem is addressed with Oddschecker’s bet basket. Build your accumulator by adding your selections to the bet basket. Once you have finished you can open the bet basket to review your selections and see the best odds for your accumulator. This makes picking the best bookie for an accumulator as easy at is is for a single.

Oddschecker uses colour coding to show you whether a selection’s odds are shortening or drifting. If a selection’s odds are shortening, it is attracting bettor’s money and indicates the selection is fancied to do well. Conversely, if a selection’s odds are drifting, it is not particularly fancied.

Oddschecker not only shows you the odds provided by various bookmakers and exchanges, it also shows you the various promotions they have to offer, giving you further opportunity to place value bets.

Oddschecker receives odds directly from the bookmakers and bookies, and aims to publish them in as close to real time as possible. If you place a bet based on inaccurate odds published on the Oddschecker site, you need to consult the relevant bookmaker’s terms and conditions for the relevant error settling procedure.

For users of mobile devices, there is a mobile friendly version of the Oddschecker site (https://m.oddschecker.com) and an Oddschecker app for iOS and Android. The mobile friendly Oddschecker site has fewer bookmakers and exchanges to choose from than the main version of the site. The available odds are displayed in list boxes; the best value odds appear at the top of the list.

Betfair Betting Exchange Systems

The app was launched in 2014 with a TV ad campaign, featuring Oddschecker’s brand characters Inspector Odds and his dog Checker, used to promote and communicate the benefits of the app. The main benefit being 'In-App betting', which allows users to select the best value odds and then go on to place a bet with the selected firm without leaving the app, removing the usability problems associated with switching between different bookmaker’s apps.

Betting Exchange Sites 2020

User of the mobile app have the fewest number of bookmakers to choose from. The initial selection was Bet365, Betfair, BetVictor, Ladbrokes, Paddy Power, Sky Bet and William Hill.