You could keep betting up to £ at 3. What we are viewing is known as market depth and is a display of liquidity, being how much money can you get matched at the current odds.

Each betting exchange site is slightly different and in this example we are going to use Betfair to show step by step how to place a bet:.

Choose the sport that you wish to bet from either the header if it is a major one such as football, horse racing, tennis, or golf, on the left hand sidebar which lists absolutely everything.

Once in the relevant sports section, you will then have several options to help you find your desired match. In this example for football Betfair have given quick links to what you are most likely to want.

C: If you are betting on a niche game that does not fall into either of those categories then you also have a link to view All Football. D: Helpfully if time is of the essence, they also list the major leagues where games are due to start next, so if it is 10 mins before kick off chances are the Premier League game you are looking for will be one click away shown in the middle of the page.

Once you see the game you want to bet on you click on it, which will bring up the betting menu for all the bets which can be placed on that match. A: Match odds, this is who will win the game which is by far the most popular type of bet and why it has prominence.

C: On the left you have the full list of everything which you can scroll through and click on the one you want to bring up the odds details. For this example we have chosen the match odds, and there are 6 possible bets that we can make, three blue back bets, and three pink lay bets we will explain the difference shortly.

For this example we want to bet that Bayern Munich will win the game so we will click on the blue betting on their row, which is showing us odds of 1.

The betslip will open with the odds entered for you. All you have to do is put in your desired stake amount and click on the orange Place Bet button. This will submit your bet. You will know if it has been confirmed and is definitely on as it will be displayed as a "matched bet" on your dashboard, as well as the market showing your Net positions.

Below is what your bet slip will look like when you place a back bet at any of the betting exchanges, they all have these three variables Back, Stake, Profit. If you were to bet £10 at 3.

Once bets have been submitted and matched it is very important that they are matched then the betting interface helpfully displays in green and red your Net positions on the market. This is all you have to do and all you have to know about to place a standard bookmaker back bet.

However, someone once said, "A betting exchange is a tool for taking money from the impatient and giving it to the patient". It is very true! Below we can see that you can actually control what odds you are willing to accept and can change the 3.

That bet is now entered into the system and you can see it displayed in the "lay column" the red box now. It is not matched yet, but it is there waiting for someone who wants to take a £10 bet on Bournemouth to win, to accept that bet. By accepting a Lay bet you are essentially acting as a bookmaker, and we will look at that now.

Betting exchanges allow normal punters to try their hand at being bookmakers and that is what "laying" bets is all about. The pink boxes are displaying how much money people are willing to bet on each outcome IF they get given the odds which they are asking for.

When you accept a lay bet you will need enough money in your account to cover the worst case scenario which can be a lot more than the stake amount you would be used to needing. Whoever accepts lays that bet though will need £ in their account, in case it has to be paid out as a winner.

If it is not and the lay bet wins, then they can keep the £ You can see the match odds so what will the outcome of the match be between Norwich City and Wigan Athletic. If you look at the draw you can see that someone or many people collectively want to bet £55 on the Draw IF someone will give them odds of 4.

If you think that it will not be a Draw you can accept an amount of up to £55 on that and have it matched instantly. BUT remember you will need a lot more than £55 in your account to do so. We have decided in this example to take somebody else's £10 bet on the Draw.

To do that we are risking £31 as that is our liability the amount we stand to lose. You can see from the above image our Net outcomes. If it is a Draw then we lose £ If it is not a Draw, we do not care who wins, as long as somebody wins then we will profit £10 from this bet.

Because we are using a betting exchange site we do not have to accept somebody else's bet, we can actually act like a bookmaker and offer potential bets to other people. Instead of laying at odds of 4. This has a liability of £30 now, so it is better for us.

The bet is not matched instantly but you can see that it is now available to anyone wanting to back the Draw, they can take our bet if they want to. Because we are lay betting to submit any bet you will need an available balance large enough to cover your worst case result.

You can combine liabilities by laying more than one selection, but that is perhaps the topic for another day. With a betting exchange, it is possible to bet on almost anything, the only thing you can definitely not bet on is whether someone will die or not. That is pretty much the only restriction there is.

Other than that the exchange are likely to have a market for it if there are two or more people who want to bet on it, and if there is not the sport or event you want to wager on listed you can contact them and they will probably add it.

A few examples of sports with the most turnover amount of bets which you can also bet on are listed below. Remarkably, by a very very large amount, the most turnover ever on any exchange market ever has been the Presidential Election race between Donald Trump and Joe Biden. This was three times as much as the next twice the next highest amount staked on a market which was just shy of £m on the previous US election in The main reason for this it must be said is that those figures record turnover, not exposure, and the majority of people betting on that market would be trading.

The backs and lays would cancel each other out of course so two £10 bets could cancel each other out but would still count as £20 in turnover. The other reason for such a vast amount of bets paced is the length of time the market was open for, the majority of events only see bets placed on them in a week or two window, the US Presidential election market was open and active for four years.

The largest amount ever placed on a Horse racing bet was the Diamond Jubilee stakes back in , £ Overall though the sport of horse racing has the most turnover on exchanges. This is due to the sheer number of races being run all day, every day.

Another major sporting event that receives a huge amount of bets every year is the NFL Superbowl. The regular season does not attract much betting attention but when the Superbowl is played, this becomes one of the most bet upon sporting events of the year.

There are not very many boxing matches, in comparison to sports like football, horse racing, etc, etc with hundreds of things to bet on every week.

When there is a boxing card though, the headline events often attract big bets, very, very big bets, and by far the best value can be had on the betting exchanges. When there is a large boxing event and you want to bet big you really have to do it at one of the betting exchanges.

The last sport which we will look at, but certainly not the least is football , or soccer as some like to call it. Betting exchanges list many many games from many more leagues in many more countries than other bookmakers. The main reason for this is of course that they themselves do not have to research and price up the markets, so it is of no risk to them to do so.

The same applies for the number of markets per game although many bookmakers now having "request a bet" is changing this. It is also likely that for the vast majority of games the betting odds will be better, certainly on the long shots, and in terms of betting limits, well there are none.

You will only be limited by the market liquidity but for a Premier League games this will be hundreds of thousands, if not millions of £s. The above are just a few of the biggest exchange betting markets and some of the sporting highlights which can be bet on at the exchanges.

In total there are around 30 sports listed across the four UK betting exchanges and they are:. American Football, Athletics, Aussie Rules, Baseball, Basketball, Boxing, Cricket, Cycling, Darts, Esports, Football, Gaelic Games, Golf, Greyhound Racing, Hockey, Horse Racing, Ice Hockey, Mixed Martial Arts, Motor Sport, NetBall, Politics, Rugby League, Rugby Union, Snooker, Special Bets, Swimming and Tennis.

Betting exchanges all have a huge amount of sports for you to bet on and then a huge amount of games for each sport and then again a huge amount of markets for every game. It is easy to get carried away and try exchange betting on everything there is and that is likely to be a mistake.

It is better to only place bets on sports that you have a thorough understanding of unless it is something you are watching and you are betting In play purely for fun.

If you are taking your betting seriously then you will not have time to become an expert at everything so focus on the sports, the teams, and the players you follow closely. Some people can be impulsive and rush in when it comes to placing bets. It is very likely and it is our experience that to be successful you need to be patient and watch the markets waiting for the odds to come to you and match your queued bets.

If you are impatient then as we have said before you are just slowly giving your money to people who are patient. The amount of statistics and data that is in the palm of your hands when you hold a smartphone, and available almost instantly at a few taps of the screen, is mind blowing.

There is no reason not to do your homework and research the form, maybe the weather forecast, and certainly the news surrounding the teams or players you are betting on. This information can have a huge impact on what odds you will accept, how much you will stake, and even if you will bet on that market at all.

It is also important to research and know the ins and outs of all the best betting exchange sites so you can be fully in control of your bets. It is a good idea to know exactly how to deposit quickly it may be important , how to navigate to your desired market, how to control the bet slip panel and how to know and check your current positions.

Another thing that changes is when you are In play betting some sites match your bets after a set length of time delay and others wait for the end of that phase of play, knowing what happens at the bet exchange you are using is a good idea. The layout of every betting exchange is slightly different so it is a good idea to know them all.

This is not necessarily realistic. Although it is possible and "some" people do it, yes sure, but it wont be you. It is like if your 10 year old cousin asks if one day he could be a Premier League footballer, it is possible, sure, but do not be so upset if you do not make it hey kid.

Whenever you lose and you care about it, have the rest of the day off. Never, ever bet when you are angry or emotional or wanting to win money back which has just been lost. Unlike a lot of other betting companies, Spreadex also provide a financial trading option for anyone interested in that sector.

Matchbook have a sterling reputation as one of the best in the business, and for good reason too. We love the fact that there are numerous betting markets available from all around the world, including all our favourites such as football, cricket, boxing, and golf.

The main site and the app are both aesthetically pleasing, not to mention technically sound. In addition, improved security measures such as SSL encryption and responsible gaming tools allow for greater peace of mind when placing bets.

For instance, their app now locks your account after three failed password attempts for greater protection; but worry not, if you've simply forgotten your details, all you have to do is contact customer service to get back in the game again.

For an overview of Matchbook's high levels of user satisfaction, simply check out the reviews on their app — you don't just have to take our word for it!

Some of that satisfaction must be to do with their fantastically competitive commission policies, available on both the site and app. There are also regular Bet10 Get10 promotions for existing customers on a variety of sports, including greyhound racing. Any losing bets will not be charged any commission.

Make no mistake, in terms of both experience and generosity, Matchbook has few peers to contend with. Another highlight is the great number of statistical details available across their betting markets. This doesn't extend just to sports, but also to the political sphere as well, with an exceptional coverage of political betting markets on elections around the world.

This statistical focus offers a different angle to the usual betting exchange. Smarkets use their vast knowledge to great effect, offering customers unique wagering opportunities alongside tactical advantages.

The sports betting available on the exchange is top-tier, with a broad variety of creative and interesting markets across a huge selection of leagues and sporting disciplines, livestreaming and bet builders to make things interesting.

And all this is balanced out by a fantastically breezy and user-friendly site design, which somehow works even better on the app! BETDAQ is one of the best betting exchange options for sports betting enthusiasts, mixing great site and app design, fantastically broad and detailed sports markets and coverage, and consistently generous promotions.

BETDAQ is commission-free on all markets apart from football, horse racing, greyhound racing, cricket, and virtual sports. Furthermore, apart from Betfair, BETDAQ is the only other betting exchange which offers a public API. With a great range of sports betting markets and competitive odds, we rate BETDAQ as one of the top three on the market.

They also have a separate website called BETDAQ Tips , where interested players can find detailed trading articles and the latest information about market movers.

Put simply, BETDAQ go above and beyond in terms of useability, promotions, statistics, competitive rates, and odds, all of which provide everything you need as a punter!

Despite immense and growing competition, Betfair Exchange is still among the best in the industry. The site houses one of the most extensive ranges of markets for platforms of its kind, along with some of the most competitive odds online.

Because an exchange can provide more betting options the more people utilise them, part of their abundance of betting options therefore comes down to their sheer popularity, which is something very few others can compete with. Betfair is considered the best betting exchange for backing with big stake liquidity , and are especially popular for their football and horse racing markets.

Betfair Exchange also offer an API system and integrated trading tools, which enable you to gauge in-depth data for betting markets and help you determine how the odds are drifting, or may drift.

This is also made surprisingly easy on the app. You can argue — considering all the creative and statistical depth, alongside the sheer number of features and markets — that Betfair Exchange remain the absolute finest out there.

Use our handy hedge betting calculator to find out in seconds how much you can make when backing and laying on a bet exchange. There are a lot of elements to consider when choosing the right exchange platform to suit your own needs and preferences. Here are our top tips for deciding which to use.

When signing up for a betting site, prioritise value for money by choosing an exchange offering the best odds. To do this, carry out an odds comparison by using available services online or through personal analysis. Our research reveals Betfair Exchange as the top choice for competitive odds in football and horse racing.

Remember, timing is crucial in exchanges due to fluctuating values. Are you a new customer? If so, be sure to keep your eyes peeled for top welcome offers across the board, which often include free bets.

Our research shows Betfair Exchange and Matchbook both offer a risk-free bet up to £20, refundable if the first wager loses. While standard in the industry, these offers are more competitive than others.

If we had to choose between the two, Matchbook stands out for its overall product quality and recent improvements. A great betting exchange offers a wide range of betting options beyond simple wagers on outcomes, matching the variety found in traditional sportsbooks.

Betfair Exchange, with its established expertise, slightly edges out the competition in our assessment. Betting exchanges charge a commission for facilitating bets, but the rates vary.

The most competitive exchanges charge a low percentage only on successful bets. In this respect, BETDAQ stands out by offering zero commission on Saturdays, though it's unclear if this is a permanent feature at the time of writing.

In a bit of a hurry? Our below table sums up the key features and benefits of the top betting exchange sites in the UK. Before you try out exchange betting for the first time, be sure that you fully understand the concepts of backing, laying, and matched betting. Keep in mind also that different exchange sites come with varying commission rates.

If you are looking for high-stake liquidity, the best betting exchange for back bets in this regard is Betfair , while Smarkets is the best for lay bets. To mention yet another operator, BetConnect are a rather new exchange platform, having been launched in They are accepting commission-free lay bets, making their platform a rather intriguing prospect, to say the least.

As a summary, we've laid out the main differences between betting exchanges and conventional sportsbooks below. Meanwhile, exchanges charge a commission fee on winning bets that usually appears as a percentage e. On a traditional sportsbook, the odds are fixed by the bookmaker themselves, and how competitive they are depends on the popularity of the betting market in question.

On the other hand, at betting exchanges, you set the odds yourself, though the quality here also depends on the popularity of your chosen market, as you'll have to find someone to match the price you're offering. A sportsbook does not involve the concept of backing and laying.

Players bet on the outcome of an event as is provided by a betting site, and the platform has direct control over placed bets. In contrast, at a betting exchange, you can choose to back or lay an outcome i. You will find reliable and verified information about betting exchanges on our site.

Choosing the best betting exchange is the most important choice that every novice trader faces. Many factors influence this choice which we will discuss below.

First of all, let us show you the most popular lay betting sites that you should take into consideration. We will present them later, as we want to point out that you should not be guided solely by the ratings.

Before anything else, be sure to investigate the individual benefits that may significantly impact your choice. Betting exchanges, on the other hand, do not place bets themselves. Instead, they rely on other customers to back and lay bets against each other. Sports exchanges are essential when using different strategies to make money trading.

The most popular strategy is, of course, matched betting , which yields a lot of profit if you prepare for it properly. Thanks to betting exchanges, we can easily place lay bets if we have previously placed a back bet at a traditional bookmaker. What is more, the exchange allows us to use other strategies such as scalping , swing trading, dutching and others.

Moreover, thanks to the markets on the exchange, we can find out how much money is going into a particular match. In case of huge interest and a lot of money in a lower league, we can deduce that:. In addition, on the exchange, we can also place our own — even higher — odds. Whether they will be accepted or not depends on other players.

This is a definite advantage, especially for those who make their money on sports trading. Lay betting is another positive aspect. It involves betting that an event will not happen. While we only place back bets with traditional bookmakers, the operator implicitly places a lay bet against us giving us their money.

At the exchange, we can bet both back and lay, which is a great advantage. You cannot bet that a given result will not take place at a bookmaker, can you? The top 3 factors to consider when selecting a betting exchange.

Putting liquidity at the top of the list is no coincidence. It is the number one thing we should pay attention to from the very beginning. Liquidity refers to the total amount of money a gambler may bet on a specific betting exchange market.

This is the maximum amount that may be placed. A wager can only be matched if enough money is available to cover the opposite outcome. All other advantages will go to hell in a blink of an eye. For a fairer comparison of the exchanges placed on the podium, we present the liquidity on each exchange in the same market.

The rule is very simple and irrefutable — the more, the better. There are no exceptions. Trust the experts who have spent thousands of hours in online exchanges, and you will come out ahead.

The more markets you have, the more opportunities you have to trade, and therefore the greater your chances of making a profit. Online betting exchanges have one of the most diverse selections of markets to bet on. From major sporting events to reality television, you can wager on almost everything that has a market available.

When choosing the right exchange for us, we should pay attention to the number of available markets in the sport on which we will place the most bets. Making money by sports trading is mainly about taking advantage of the best possible odds.

The number of markets was checked at p. Unfortunately, the three zeros in the Betdaq column is not a mistake. As we all know, exchanges charge their customers with betting exchange fees in the form of commission. The commission is only charged on the net winnings of bets. Yes, it is important, but not as much as the previous points.

Hey, wait a minute! Pfft, and they call themselves experts? However, the critical factor in evaluating commission rates is in terms of playing on the exchange for an extended period of time. Any offers and promotions that reduce commissions can be considered as an additional opportunity to maximize profits.

Hey, hold on! How is it possible?

The Smarkets betting exchange allows you to back and lay with the best betting odds and lowest commission on all major sports and politics Join BETDAQ for all your online betting! ✓BETDAQ Exchange ✓Sportsbook ✓Casino ✓New Customers Offers Best Sports Betting Exchange Sites in the UK – Reviewed · Spreadex · Matchbook · Smarkets · BETDAQ · Betfair Exchange. Betfair Betting Exchange

Best Betting Exchange Sports Betting Sites · Spreadex · Matchbook · Smarkets · Betfair · Ladbrokes. Ladbrokes similar to the other betting exchanges works by The Smarkets betting exchange allows you to back and lay with the best betting odds and lowest commission on all major sports and politics Betting Exchanges Explained A betting exchange, as the same suggests, is a marketplace where bets are exchanged. The unique characteristic of a betting: Betting exchange sites

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An amazing sportsbook Superb bonus offers Cash-out feature available Mobile begting. With punters increasingly using dxchange mobile betting exchange sites to bet, top casino sites may want to excbange how mobile-friendly the website is exchangge whether it xechange a mobile app. Choose the betfred extra places today that you beting to bet from either the header if it is a major one such as football, horse racing, tennis, or golf, on the left hand sidebar which lists absolutely everything. A betting exchange, as the same suggests, is a marketplace where bets are exchanged. Telephone Betting Accounts in UK Betting exchanges are similar to a bookmaker but with a few extra complexities, which means there are some extra criteria to take into account when ranking them. Pros and cons Sufficient amount of markets Variety of Games Streaming Lots of deposit methods Available in 4 countries Only Disappointing Sign-Up bonus Low liquidity.	The greatest advantage of a betting exchange is the fact that you can utilise the lay betting strategy. I agree, seems like they have it nailed at the moment. However, this rarely happens, but you must take risks as a gambler. Bet Insurance Customers can choose to insure some or all of their bets so that in the event of a loss, they can recoup some of their finances. Some people can be impulsive and rush in when it comes to placing bets. One of the options is a reduced exchange commission rate, but you do have to sacrifice some promotions, BOG, and other Betfair features. High Limit Betting Sites in UK	The Smarkets betting exchange allows you to back and lay with the best betting odds and lowest commission on all major sports and politics Join BETDAQ for all your online betting! ✓BETDAQ Exchange ✓Sportsbook ✓Casino ✓New Customers Offers Best Sports Betting Exchange Sites in the UK – Reviewed · Spreadex · Matchbook · Smarkets · BETDAQ · Betfair Exchange. Betfair Betting Exchange	Betting Exchanges Explained A betting exchange, as the same suggests, is a marketplace where bets are exchanged. The unique characteristic of a betting Sports Betting Exchanges Reviews · Betfair Betting Exchange · Matchbook Betting Exchange · Smarkets Betting Exchange · Betdaq & Ladbrokes Betting Exchange Betfair has been well established as the leading betting exchange for a number of years; they revolutionised the idea and almost single handedly took on the	The Smarkets betting exchange allows you to back and lay with the best betting odds and lowest commission on all major sports and politics Join BETDAQ for all your online betting! ✓BETDAQ Exchange ✓Sportsbook ✓Casino ✓New Customers Offers Best Sports Betting Exchange Sites in the UK – Reviewed · Spreadex · Matchbook · Smarkets · BETDAQ · Betfair Exchange. Betfair Betting Exchange
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Betting exchange sites - 1. Betfair. Still the best betting exchange out there and must have for exchange punters and traders. Betfair has the most markets for any The Smarkets betting exchange allows you to back and lay with the best betting odds and lowest commission on all major sports and politics Join BETDAQ for all your online betting! ✓BETDAQ Exchange ✓Sportsbook ✓Casino ✓New Customers Offers Best Sports Betting Exchange Sites in the UK – Reviewed · Spreadex · Matchbook · Smarkets · BETDAQ · Betfair Exchange. Betfair Betting Exchange

It gives them good offers that make you want more. First, the website is well organized with easy to use interface. The website uses simple graphics to open it on any device. It is also a decent mobile application that is small.

The best part is managing the prices in a very fluid market. This is helpful when placing in-play events. The limitation is that some bets are not matched in time.

For 20 years Betdaq betting exchange site has been operating. It has an excellent customer base that earns them good money on every win. It has the best easy to navigate websites and good graphics.

You can use any web browser to access it. It also has a user-friendly mobile app. The mobile app is small and will not occupy a lot of your internal storage. This company is now owned by Ladbrokes Coral Group, a recognized company in the UK.

With such a big company in management, you are assured of a safe deposit and cash withdrawal. However, the company mainly offers less mainstream games and less flexible events. This makes it hard for users to find matches for their bets.

They have to work on football because it has many bettors. This is the most recent betting exchange site. It was launched to the public in October this year. It is a new site with the best user-friendly interface. It has a well-developed mobile app that allows users to enjoy every moment.

Beginners can easily understand the straightforward website. Matchbook is getting many bettors because it good risk-free period. And you get £15 cashback as a welcome offer. These two offers have attracted more than one million users in less than one month.

You can access your matchbook account almost anywhere, including the most compatible mobile app. Matchbook allows you to use various methods to deposit or withdraw money. The downside of a matchbook is the huge sum of £ for minimum withdraw using direct to bank transfer.

You can see that each betting exchange site has different commission rates. Including some are zero percent. Some charge the commission on the winnings, while others charge on the net winnings.

But it has a discounting rate that lowers the whole commission. On every bet you place, you get points that sum up to the discount rate. So if you win £, you will receive £ It is considered to be the best betting exchange site because it only charges commission on net profits but not losses.

You will be receiving full profits on all wins you make for this period. Here is how the commission rates affect your total wins on different betting exchange sites. Take an example of backing on an outcome of 3. Betting exchange is the trend in the recent world of betting.

Online betting exchange sites are a marketplace where you can bet on discrete events. Discrete events mean each event happens at a specific instant. As a gambler, you can buy or sell the outcome in real-time. With bet exchange, you can cut in your loss or make a profit.

Many people shy away from this idea because it seems complex, but it is the best way to win a sports bet. It offers you the best odds and a greater chance to win a bet. Traditional betting allows you to only bet for an outcome.

But in a betting exchange, you can bet for or against an outcome. So it is more flexible than standard betting. First of all, you have to note that there must be two players before any bet is practical.

One player backs the bet while the other one lays the bet. You will understand this well with an example. For instance, there is a football match between Chelsea and arsenal.

And you are sure that Chelsea will win. You can lay a bet that Arsenal wins the match. For the betting exchange to be practical, you have to find another player that suggests Arsenal will win. You will only receive your profit from the bet if arsenal loses the game.

On the other hand, if Arsenal wins, you have to pay the other player according to the odds. The betting exchange site only cuts a little commission on the person that wins the bet.

This is the traditional bookmaker way of betting. It is when you bet for some specific outcome. In backing a bet the amount of stake is multiplied by the odds.

For example, if you bet for Chelsea with £10 on 2. It is the same as normal sports betting, but you bet against another bettor instead of a bookmaker. This is when you bet against an outcome of a specific event. In general, is when you become the bookmaker and want the other party to lose so that you gain some profits.

With bet laying, you have a chance to propose odds to the other player. Most betting exchange sites have different colors for backing and laying a bet. Laying a bet is the best thing because you have a double chance to win the bet.

For example, there is a game between Chelsea and Manchester united. And you are sure Manchester will win, but you bet that Chelsea will lose.

Then that is laying a bet. So if Manchester wins or the match ends up in a draw, you still win the bet. Experienced players in betting exchanges suggest you use the market value odds because your odds can be exaggerated. You must also lay a bet that has been backed by other players because the bet will only be valid when there are two players.

This is a betting technique that allows a bettor to make a profit from the free bets offered by the bookmaker. It is a simple but complex idea. It needs an account with two or more betting exchanges and bookmakers.

The free bet is placed and the other betting exchanges try to hedge all possible outcomes. Doing so will maintain the value of the free bet.

Simply place a back bet at a bookmaker on the free bet and place a laying bet at the betting exchange. It is also called double betting because you can both back and lay a bet and whichever outcome you will win a bet.

Ensure you create two accounts, one with the bookmarker and the other one with a betting exchange. Surely, betting exchange is a complex idea but it is also the best way to win a bet.

The best way to view a betting exchange site is as if it is a stocks exchange. Where you buy and sell stocks bets according to your predictions and in the end, you gain profits. You must have some strategies and tips in your mind for a successful betting exchange.

Below are some of them. Bet exchange is the best option in gambling but you still need to be a gambler for gamblers. This means that you must take more risks to get good returns.

The best betting exchange sites require you to place one or two bets on your account. You cannot easily win a bet on a betting exchange sometimes with this option. You need to place several correct scores on a different market. It does not mean you have different accounts on different sites.

But you can create different accounts on one betting exchange site. The good thing is that the username can be different, but the password can be similar. Use one password on all of your accounts to avoid confusion. Multiple accounts increase your chances to win a bet. Because you can back a bet on one account and lay a bet on the other account.

However, this is a high-risk-high return type of bet. You will use more money as a stake, but at least you will get some return out of the many bets. The good thing with betting exchange is that you can easily get a double chance if you lay a bet.

Football has the biggest market in betting and you can choose to draw when two strong teams are playing. Draw always has the highest odds including the option.

However, this rarely happens, but you must take risks as a gambler. Search for matches that are obvious one side is stronger than the other and lay the bet on the weak side. Laying a bet has the best odds and also gives you a chance to increase or reduce the odds.

Always have hope that the underdog will not win and gain some profits. This is a good betting exchange tip but requires you to have courage. This is because there is no profit margin added to the book by the bookmakers but now instead what you have is commission.

At the existing exchanges on the market today commission is only charged on winning bets but that is just the model they have chosen, in the past it has also been charged on the stake amount regardless if you win or lose.

The commission is how the exchange makes its money, and the lower the commission the better off you are as a player. This basically means can you get large bets matched placed and accepted on the markets you want and at the odds you want. It is all very well having odds of 2.

Also, more liquidity means that you can place orders to leave on the system and come back a few hours later and have them matched. The more liquidity the better the exchange is.

Being able to bet on exactly what you want is important, and so a large range of markets for you to place bets on, or make markets for, is a big advantage. Linked to this is the range of sports that are covered, they will all have the main ones such as Football, Horse racing, Cricket, Rugby, Golf, but do they have Chess?

The very best betting exchanges will do. It is always nice to be rewarded with a Free bet or two, and bonuses are one of the ways an exchange can differentiate itself from the competition.

There is the possibility of a welcome bonus for new customers to think about and also probably more importantly what kind of existing user reward schemes or loyalty bonuses do they offer? The ease of depositing and withdrawing is also something to consider, the more deposit methods that are accepted the better.

Also we look at what the average payout times are, and are there any fees involved? All bookmakers are entitled, in fact they are required, to ask for certain amounts of ID to pass KYC checks but a betting exchange asking for more than is required is not good.

There are currently four betting exchanges in the UK market and we have a short comparison table below. It should be noted that Smarkets does have fixed odds betting specifically on a dedicated app, but as we are reviewing the betting exchange it is listed as "no", because it is not available on the betting site itself.

In reference to the existing user bonuses, Betfair has by far the most and the best Free bet offers for existing customers. Betdaq has some offers but not as many and they tend to be linked to virtual sports or the Casino.

Matchbook has no existing user Free bet promotions listed but they have sent several offers and even no deposit Free bet credits to existing customers by Email this year.

We have received nothing at all from Smarkets. A betting exchange is not a bookmaker, it does not take bets or ever risk its own money. It is just infrastructure that connects customers with each other, and they all bet amongst themselves.

The betting exchange just holds the money whilst waiting for the bets to settle, and then it hands the money to the eventual winner minus the commission.

There are many differences between betting on an exchange and using a bookmaker but one of the more noticeable ones is that on an exchange you can set your own odds, and they will either be matched so your bet is on , or not matched so there is no bet but you will have the option of entering any odds you want and seeing what you are given.

You do not have to take the odds that are available now, you can request higher and hope to be matched in the future or you can take the current odds.

Someone once described a betting exchange as "a tool which takes money from the impatient and gives it to the patient" and this is a pretty accurate description. The other major difference is that you do not just have the option to place back bets normal customer bets but also half the customers will be placing lay bets what the bookmaker normally does.

When you lay a bet you are betting that something will not happen. For every back bet on the exchange, it must be matched with an equal and opposite amount of lay bets. There are many differences between a betting exchange and a traditional bookmaker.

The biggest one is that a traditional bookmaker will only allow you to bet on things to happen back bets. At a betting exchange you can place back bets or you can also lay bets, in which case you are acting as the bookmaker yourself. Advantages of using an exchange are mainly that the odds you get will probably be better but there are other things too.

You will not find your accounts closed or restricted in stake size if you win too much at the exchange. Bookmakers do not like winning customers, they like customers to win sometimes because it is good publicity and they know they will get it back again sooner or later, but if you know what you are doing and they spend a lot of money tracking customers betting records and they see you only place value bets you will not be welcome as a customer.

When you bet on an exchange your bets are anonymous and nobody knows it is you they are betting against and the exchange does not care because they are just holding the money, they take the same commission amount regardless of who wins.

An advantage of an exchange is that you can trade the prices when you see value and then never actually have to worry about the result if you have bought and sold the same bet before the event settles. You can do this either before an event starts or you can trade in play and many people make successful incomes by betting on an exchange but only on what the odds are going to do, rather than whether that bet will win or lose.

Advantages of using a traditional bookmaker can be some of the concessions such as Best Odds Guaranteed or paying the official result and also first past the post, these things will not be given to you at an exchange.

The other thing is that some people like to bet on accumulators, which you can do at a traditional bookmaker but you can not do at an exchange. Both bookmakers and exchanges will offer Free bets and various other promotional offers from time to time but on average it is fair to say that the bookmakers are more generous.

There are certain customer service benefits of using a traditional bookmaker, they realise that mistakes happen and if you accidentally bet more than you wanted to or there is a mistake in the odds called a palpable error then bets can be canceled.

On an exchange, bets can not be canceled if you made a mistake. It is just tough it is your mistake and there have been many well documented cases of "fat-fingered mistakes" costing hundreds of thousands of pounds which would not have been the case at a traditional bookmaker.

When looking at the best betting exchange sites it is important to realise that they are not bookmakers. They do not accept bets themselves, but they allow their customers to bet amongst each other, some betting known as backing in exactly the same way as they would do at a bookmaker and others acting as the bookmakers known as laying bets which means profiting when a back bet does not win.

Each betting exchange has a slightly different layout and control panel but they are similar. We are using Matchbook for these examples.

At first betting exchange markets can appear confusing when you go to the match that you want to bet on you. We will explain how a betting exchange works below.

In the above image you can see the "Match Odds" What the result will be after 90mins plus injury time. The Blue boxes are showing firstly the odds on each selection, so betting on AFC Bournemouth is 3.

That is pretty standard so far, but why are there more blue boxes to the left? Well, that is because if you look under the odds you will see different £s amounts. This is showing how much you can bet at those given odds. So if you want to bet £20 on Bournemouth you would be able to bet £16 at 3.

You could keep betting up to £ at 3. What we are viewing is known as market depth and is a display of liquidity, being how much money can you get matched at the current odds.

Each betting exchange site is slightly different and in this example we are going to use Betfair to show step by step how to place a bet:.

Choose the sport that you wish to bet from either the header if it is a major one such as football, horse racing, tennis, or golf, on the left hand sidebar which lists absolutely everything. Once in the relevant sports section, you will then have several options to help you find your desired match.

In this example for football Betfair have given quick links to what you are most likely to want. C: If you are betting on a niche game that does not fall into either of those categories then you also have a link to view All Football.

D: Helpfully if time is of the essence, they also list the major leagues where games are due to start next, so if it is 10 mins before kick off chances are the Premier League game you are looking for will be one click away shown in the middle of the page.

Once you see the game you want to bet on you click on it, which will bring up the betting menu for all the bets which can be placed on that match. A: Match odds, this is who will win the game which is by far the most popular type of bet and why it has prominence. C: On the left you have the full list of everything which you can scroll through and click on the one you want to bring up the odds details.

For this example we have chosen the match odds, and there are 6 possible bets that we can make, three blue back bets, and three pink lay bets we will explain the difference shortly.

For this example we want to bet that Bayern Munich will win the game so we will click on the blue betting on their row, which is showing us odds of 1. The betslip will open with the odds entered for you.

All you have to do is put in your desired stake amount and click on the orange Place Bet button. This will submit your bet. You will know if it has been confirmed and is definitely on as it will be displayed as a "matched bet" on your dashboard, as well as the market showing your Net positions.

Below is what your bet slip will look like when you place a back bet at any of the betting exchanges, they all have these three variables Back, Stake, Profit. If you were to bet £10 at 3. Once bets have been submitted and matched it is very important that they are matched then the betting interface helpfully displays in green and red your Net positions on the market.

This is all you have to do and all you have to know about to place a standard bookmaker back bet. However, someone once said, "A betting exchange is a tool for taking money from the impatient and giving it to the patient". It is very true! Below we can see that you can actually control what odds you are willing to accept and can change the 3.

That bet is now entered into the system and you can see it displayed in the "lay column" the red box now. It is not matched yet, but it is there waiting for someone who wants to take a £10 bet on Bournemouth to win, to accept that bet. By accepting a Lay bet you are essentially acting as a bookmaker, and we will look at that now.

Betting exchanges allow normal punters to try their hand at being bookmakers and that is what "laying" bets is all about. The pink boxes are displaying how much money people are willing to bet on each outcome IF they get given the odds which they are asking for.

When you accept a lay bet you will need enough money in your account to cover the worst case scenario which can be a lot more than the stake amount you would be used to needing.

Whoever accepts lays that bet though will need £ in their account, in case it has to be paid out as a winner. If it is not and the lay bet wins, then they can keep the £ You can see the match odds so what will the outcome of the match be between Norwich City and Wigan Athletic.

If you look at the draw you can see that someone or many people collectively want to bet £55 on the Draw IF someone will give them odds of 4. If you think that it will not be a Draw you can accept an amount of up to £55 on that and have it matched instantly. BUT remember you will need a lot more than £55 in your account to do so.

We have decided in this example to take somebody else's £10 bet on the Draw. To do that we are risking £31 as that is our liability the amount we stand to lose.

You can see from the above image our Net outcomes. If it is a Draw then we lose £ If it is not a Draw, we do not care who wins, as long as somebody wins then we will profit £10 from this bet. Because we are using a betting exchange site we do not have to accept somebody else's bet, we can actually act like a bookmaker and offer potential bets to other people.

Instead of laying at odds of 4. This has a liability of £30 now, so it is better for us. The bet is not matched instantly but you can see that it is now available to anyone wanting to back the Draw, they can take our bet if they want to.

Because we are lay betting to submit any bet you will need an available balance large enough to cover your worst case result. You can combine liabilities by laying more than one selection, but that is perhaps the topic for another day.

With a betting exchange, it is possible to bet on almost anything, the only thing you can definitely not bet on is whether someone will die or not. That is pretty much the only restriction there is.

Other than that the exchange are likely to have a market for it if there are two or more people who want to bet on it, and if there is not the sport or event you want to wager on listed you can contact them and they will probably add it.

A few examples of sports with the most turnover amount of bets which you can also bet on are listed below. Remarkably, by a very very large amount, the most turnover ever on any exchange market ever has been the Presidential Election race between Donald Trump and Joe Biden.

This was three times as much as the next twice the next highest amount staked on a market which was just shy of £m on the previous US election in The main reason for this it must be said is that those figures record turnover, not exposure, and the majority of people betting on that market would be trading.

The backs and lays would cancel each other out of course so two £10 bets could cancel each other out but would still count as £20 in turnover.

The other reason for such a vast amount of bets paced is the length of time the market was open for, the majority of events only see bets placed on them in a week or two window, the US Presidential election market was open and active for four years.

The largest amount ever placed on a Horse racing bet was the Diamond Jubilee stakes back in , £ Overall though the sport of horse racing has the most turnover on exchanges. This is due to the sheer number of races being run all day, every day. Another major sporting event that receives a huge amount of bets every year is the NFL Superbowl.

The regular season does not attract much betting attention but when the Superbowl is played, this becomes one of the most bet upon sporting events of the year.

There are not very many boxing matches, in comparison to sports like football, horse racing, etc, etc with hundreds of things to bet on every week.

When there is a boxing card though, the headline events often attract big bets, very, very big bets, and by far the best value can be had on the betting exchanges.

When there is a large boxing event and you want to bet big you really have to do it at one of the betting exchanges. The last sport which we will look at, but certainly not the least is football , or soccer as some like to call it.

Betting exchanges list many many games from many more leagues in many more countries than other bookmakers. The main reason for this is of course that they themselves do not have to research and price up the markets, so it is of no risk to them to do so.

The same applies for the number of markets per game although many bookmakers now having "request a bet" is changing this. It is also likely that for the vast majority of games the betting odds will be better, certainly on the long shots, and in terms of betting limits, well there are none.

You will only be limited by the market liquidity but for a Premier League games this will be hundreds of thousands, if not millions of £s.

The above are just a few of the biggest exchange betting markets and some of the sporting highlights which can be bet on at the exchanges. In total there are around 30 sports listed across the four UK betting exchanges and they are:.

American Football, Athletics, Aussie Rules, Baseball, Basketball, Boxing, Cricket, Cycling, Darts, Esports, Football, Gaelic Games, Golf, Greyhound Racing, Hockey, Horse Racing, Ice Hockey, Mixed Martial Arts, Motor Sport, NetBall, Politics, Rugby League, Rugby Union, Snooker, Special Bets, Swimming and Tennis.

Betting exchanges all have a huge amount of sports for you to bet on and then a huge amount of games for each sport and then again a huge amount of markets for every game. It is easy to get carried away and try exchange betting on everything there is and that is likely to be a mistake.

It is better to only place bets on sports that you have a thorough understanding of unless it is something you are watching and you are betting In play purely for fun. If you are taking your betting seriously then you will not have time to become an expert at everything so focus on the sports, the teams, and the players you follow closely.

Some people can be impulsive and rush in when it comes to placing bets. It is very likely and it is our experience that to be successful you need to be patient and watch the markets waiting for the odds to come to you and match your queued bets. If you are impatient then as we have said before you are just slowly giving your money to people who are patient.

The amount of statistics and data that is in the palm of your hands when you hold a smartphone, and available almost instantly at a few taps of the screen, is mind blowing.

There is no reason not to do your homework and research the form, maybe the weather forecast, and certainly the news surrounding the teams or players you are betting on.

This information can have a huge impact on what odds you will accept, how much you will stake, and even if you will bet on that market at all. It is also important to research and know the ins and outs of all the best betting exchange sites so you can be fully in control of your bets.