Betting Exchanges and the World of Betting

Betting Exchanges

Betting Exchanges

Betting exchanges are a fascinating new phenomenon in risk markets which has turned the conventional bookmaking and gambling industry over on its head. Betting exchanges are gaining credibility and influence all the time and with each month that passes apparently another country legalises the complete, and it would seem that it is only a matter of time before the large exchanges are completely legalised and recognized worldwide.

Another great feature of a betting exchange is that if you don't like the odds you can post a price of your own on the and then see if anyone one else is ready to ‘match’ you and thereby take your bet on. Put very simply, betting exchanges are a safe place where members of the betting public can exchange bets with each other anonymously, at odds that they state themselves. It seems that as betting exchanges are the way of the future, many businessmen have jumped on the band-wagon and have started new betting exchanges.

The Odds

Odds offered by betting exchanges on average are about 20% higher than those offered by conventional bookies. When you compare odds at betting exchanges to odds at bookmakers, you should take the commission into account as you do not pay commission at the bookmakers. There will still be times when a traditional bookmaker will offer more attractive odds than those that are available on the exchanges. The odds you offer obviously need to be sensible in order to be matched, but if you are not content with the current price being requested by other punters you can simply leave an 'order' in the exchange at your odds and hope that somebody eventually accepts your offer. The attractiveness of using exchanges is there is no bookie, which means there is no edge built into the odds, which often results in significantly better value odds. Professionals work on thin margins, there are some that enjoy higher margins but they are the few, generally speaking most professionals work to small margins and so a 20% boost in odds despite the commission which can be as high as 5% is a massive boon.

Betfair – No.1 Player

Betfair is the dominant player in the betting exchange market, with an estimated +85% market share by value. Betfair's exchange boasts a high degree of liquidity, across an extensive variety of sports betting markets, alongside a professional customer service operation and a fully integrated telephone and internet betting service. Unlike a traditional bookmaker, Betfair has no vested interest in the outcome of an event and therefore their interests are 100% in line with those who oversee sport.

In-running (betting while a event is being played) is one of the features that truly makes betting exchanges like Betfair come alive. The phenomenal success enjoyed by Betfair and others in the last 18 months is testament to the appeal of the product to the betting public.

Sports Betting

Sports betting is concerned with predicting sports results, while using the outcome of a particular sporting event to make a bet. Horse racing and soccer are the largest volume markets but tennis, cricket and other popular sports also contribute a significant amount as well. As sports bettors become more informed gamblers, a mounting number of players will move to the betting exchanges. For sports betting there are over 50 different sports on the exchanges covering events from 122 different countries.

Trading On The Exchanges

Trading is like any other profession, it takes time to study and there are problems to overcome. And as financial exchanges have proven to be efficient mechanisms for trading shares, options, and other kinds of securities, so have the betting exchanges proven successful in the world of online gambling. The numbers of people betting from home utilising the talents of the internet, continues to grow at a swift pace and one of the largest areas of growth in the UK is online trading, both in sports and miscellaneous markets. Exchanges are particularly good for dealing with in-running events, where using trading techniques similar to those used in financial trading, or by spread bettors, you can lock in a guaranteed profit before the conclusion of an event.

Comments? Questions? Email Here

© HowtoAdvice.com

How to Advice .com