10 reasons why you should bet using betting exchanges
1 Better oddsMost betting exchanges provide much better odds than highstreet bookies. The reason for this is that most charge a "commission" on winning bets, rather than build their own profits in to their SP's - this means that punters like you and I can get better odds with betting exchanges.2 Fluid pricesAlong with getting better odds, there's more chance of having your bet "matched" because the market prices available are more fluid. Any change in the event details, such as a non-runner being announced, can have an effect on prices available to be "matched" - hell, even a change in weather forecast could mean you make more money on your winner!3 "In-play" bettingThe ultimate advantage of using a betting exchange is the ability to make bets while the event is playing out - this is called "in-play" betting. Once the event begins, all current "unmatched" bets are cancelled - this gives you an excellent chance of placing a higher (or lower, if you're laying!) than SP bet and getting it matched. It also means that what happens after the event has started has an effect on the prices available - if your selection looks like it's going to lose, you can easily back out of the bet in-play and cut your losses. (More on this later)4 Lay, rather than back, your selectionWe all know how to “back” an outcome, but what if you could do the reverse, and bet that the horse will lose? (Or, “lay” the horse) Here, you would offer odds to other people to “back” that horse to win. So, if your selection loses, you recover the backers’ stake. If your selection wins, you lose your “liability”, plus the backers’ stake. Almost all betting exchanges allow you to lay as well as back your selection.5 Auto-betting with "bet bots"Because the key to betting on betting exchanges is placing your bet at the optimum time, there's loads of developers out there that have created "bet bets" - these are simple pieces of software that provide options to allow them to place your bets when a defined circumstance happens. This could be a set time before the event begins, or when a specific odds range is available to match - these options give you a real advantage over the market, which can make this really profitable!6 A Multitude of Speciality MarketsDon't just bet on Horse Racing or Football - you can even find markets on Reality TV programs, the outcome of a Politics event or even bet on the outcome of Financial Markets! It's all possible with the majority of betting exchanges!7 Ability to "trade" betsThe most satisfying and indeed profitable ways to make money on the exchanges are very much like your day trader may find on the financial markets. He or She buys low and sells high, or in the case of trading on a betting exchange, lays low and backs high - or at least higher than what he layed the same thing for, in order to get a profit whatever the outcome. So it's possible to place a bet that will create a profit, regardless of the outcome!8 Small minimum bets - and methods to avoid itMost betting exchanges have a "minimum bet", set at a certain amount. This just means that you need to stake more than their minimum bet for it to be valid. Betfair, for example, have a minimum stake of £2. This can be a problem if you want to bet less than the minimum - however, it is possible to workaround this minimum in the majority of cases. I've even placed bets of 1p/1c - it does work!9 Compete against other gamblers, not a bookieBetting exchanges work on the principle of an "exchange" of bets - hence the name "betting exchanges"! These work in exactly the same way as financial exchanges work - one person "offers" a bet, either back or lay, and another person "matches" that bet. This means there's no bookmaker involved at all, only you and the person that matches your bet. This can work in your favour, especially as the betting exchanges earn commission on your winning bet - that means, if you don't win, you don't pay a penny! (Apart from losing your stake, that is!)10 Bet for FREE!How often have you been in to a Highstreet bookie and being offered a "free bet"? Never, I bet! Betting exchanges encourage people to use them by offering FREE bets when you register with them - some even go as far as rewarding you for placing more bets by offering FREE bets based on your use of their systems - how great is that to hear?!Amazing Lay Profits is a Lay Tipster Service that uses betting exchanges to make YOU an additional income. For more information on this service, please visit us at the address below:www.amazing-lay-profits.co.ukJoin our FREE affiliate program - 25 commission!: www.amazing-lay-profits.com/affiliates See all our proofed results: http://www.amazing-lay-profits.co.uk/results.html
About the Author
Amazing Lay Profits is a Lay Tipster Service that uses betting exchanges to make YOU an additional income. For more information on this service, please visit us at the address below:www.amazing-lay-profits.co.ukJoin our FREE affiliate program - 25 commission!: www.amazing-lay-profits.com/affiliates See all our proofed results: http://www.amazing-lay-profits.co.uk/results.html
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