In the last years there has emerged a second type of betting company next to
the traditional Bookmakers - namely the Betting Exchanges.
On Betting Exchanges you do not bet against the bookmaker, but instead against other
sports betting fans like you and me.
Additionally you can play the role of the bookmaker and offer (LAY) betting odds.
Main Advantages:
- the profit margin of the bookmaker is not there, so higher odds than at the normal bookie are possible.
(although to be honest, you have to pay a small commission (only) on winnings).
- You can 'sell' made bets and thus harvest the crop, before the match you had bet on is even started
As the world of sports investing has developed over the last decade, several new twists have emerged to continue to stimulate the interest of punters all over the world. One of the most interesting items technology has created has to be betting exchanges. The rise of exchange betting has opened up whole new avenues for entertainment for those who want to do more than simply have a flutter on the ponies.
Essentially, betting exchange software allows you to bet against other punters directly instead of betting against a bookmaker. Online betting exchanges even allow you to play the role of the bookmaker and offer lay odds on a given match. Truly advanced sports investors even take advantage of betting exchange arbitrage or trading to score themselves a little extra.
As there is no central bookmaker with a betting exchange, there are many advantages available to punters. First and foremost, because there is no bookmaker, it is not necessary to pay a bookie's commission that is normally included in the odds. Small transaction fees are still assessed, but the margins are much better for you than with a traditional bookmaker.
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The best betting exchanges:
Additionally, there is now also a brisk trade in made bets, which allows you to buy and sell the work of other punters for a profit before a match even takes place. To profit on a sports betting exchange with this method you'll want a careful eye for detail. However, if regular betting has gotten stale then this is another venue to pursue.
The UK betting exchange environment has consistently been full of pioneers in the industry (foremost Betfair certainly), but new names are popping up all the time. New or old, betting exchanges offer another exciting element of gaming to sports investors. Many have very low starting costs, so there is no reason not to give them a try if you are curious about the opportunities they offer.
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