Betting Exchanges. Gambling Has Never Been So Good!

Betting Exchanges

Betting Exchanges

Betting exchanges are a an attractive new phenomenon in betting markets which has turned the conventional bookmaking and gambling industry over on its head. Betting exchanges are gaining credence 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 big exchanges are completely legalised and accepted worldwide.

Another great attribute 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 prepared 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 incognito, at odds that they specify themselves. It seems that as betting exchanges are the way of the future, many businessmen have jumped on the band-wagon and have setup new betting exchanges.

The Odds

Odds offered by betting exchanges on average are about twenty percent better than those offered by normal bookies. When you compare odds at betting exchanges to those at bookmakers, you should take the commission into account as you don’t pay commission at the bookmakers. There will still be times when an established bookmaker will offer more desirable odds than those that are offered on the exchanges. The odds you offer obviously need to be sensible in order to be matched, but if you are not satisfied with the current price being requested by other punters you can simply place an 'order' in the exchange at your odds and hope that someone eventually accepts your offer. The beauty of using exchanges is there is no bookie, which means there is no margin built into the odds, which often results in significantly better value prices. 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% increase in odds despite the commission which can be as high as 5% is a huge boon.

Betfair – No.1 Player

Betfair is the foremost player in the betting exchange arena, with an estimated +85% market share by value. Betfair's exchange boasts a high degree of liquidity, across a wide range of sports betting markets, alongside a professional customer service operation and a fully incorporated phone and internet betting facility. Unlike an established bookie, 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 match is being played) is one of the features that really makes betting exchanges like Betfair come alive. The unparalleled success enjoyed by Betfair and others in the last eighteen months is testament to the appeal of the product to the betting population.

Sports Betting

Sports betting is concerned with predicting sports results, while using the conclusion of a particular sporting event to make a wager. Horse racing and soccer are the biggest volume markets but tennis, golf and other popular sports also supply a significant amount as well. As sports bettors become more informed shoppers, 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 Betting Exchanges

Trading is like any other profession, it takes time to study and there are hurdles to overcome. And as financial exchanges have proven to be capable 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 working from home utilising the talents of the internet, continues to grow at a rapid pace and one of the biggest areas of growth in the UK is online trading, both in sports and other markets. Exchanges are very good for dealing with in-running events, where using trading techniques similar to those used in the city, or by spread bettors, you can lock in a guaranteed profit before the end of an event.

Comments? Questions? Email Here

© HowtoAdvice.com

How to Advice .com