People who like online bettings should be happy because the bookmakers are constantly trying to enrich the capabilities of their websites. An alternative way of playing that’s becoming more and more popular is via sports exchanges. You can take a look at which bookmakers have a sports exchange in your county by checking the table below.
What is a sports betting exchange?
Sports exchanges are an alternative way of playing where bettors go up against other players and not against a professional team of bookmakers. In the last few years, they became a prerogative of the most reputable bookmakers, which wanted to make their customers’ game more diverse and appealing. Here, every user the opportunity to place either a “LAY” bet or “BACK” bet.
In other words, every individual player can take the role of bookmakers and decide how to play and what odds to give.
Most platforms that offer the black and lay, as this type of game is known, have also provided a quick guide that can help users. However, you shouldn’t really have problems because you can find both types of bets on every betting website that has a sports exchange.
You’re probably wondering how all bookmakers with sports betting exchange make a profit after betting is done between players. Well, the betting websites take a percentage of the players’ winnings whenever their suggestion turns out to be correct. The customers who lose don’t owe anything.
Advantages and disadvantages
- The sports exchange allows you to determine the conditions of your bet yourself.
- You have the opportunity to be flexible because you can bet both on LAY, as well as BACK a particular event.
- You can be more successful because you’re playing other players, not against professional bookmakers and their teams.
- There isn’t always someone that can match your bet.
- You have to consider the terms that you offer carefully.
- Inexperienced players can often be scammed.
Who are these bets appropriate for
The sports betting exchanges are for everyone, as long as users take the time to learn the basics of the game. If you pay attention to the changes in the odds in and their correlation with the betting exchange values and the regular sports section of the bookmaker, you will find exciting things.
Our team thinks that both experienced customers and people who’re just getting into betting can have success in thee sports exchanges. It’s essential to be careful and play in a balanced way.Published on 13 March 2020, last edit on 04 June 2020