Online Betting Exchange Sites

An online betting exchange is not a bookie but you will find most betting sites offering exchange services and bookmarker services under one roof. In a betting exchange, little will you find a conflict of interest between the bettor and the betting site. The exchange sites only take a commission of your bet; in this case, you will not complain that the odds were set to make you lose.

The bet you are placing at the exchange will be against another bettor or a market maker. With such a system of betting, the odds will be better compared to a normal online bookmaker. This means that you will win more on single and straight bets. From our website, you are sure to find reviews to the best online betting exchanges. Be sure to go through all the information we have outlined to determine whether they are the right exchanges for you.

Backing & Laying Bets

In the betting exchange sites, you will be backing or laying the bet. For the betting sites we are used to, you are only allowed to back the outcome that has already been presented to you in odds. For instance, if you have a bet on Real Madrid and Atlentico Madrid; and you bet on Real Madrid, you are backing on Real Madrid to win the match. If you bet on Atlentico Madrid, you are backing them to win.

With a lay bet, you are taking on the role of the bookmarker. This is the bet you place against anyone who is backing a particular team or outcome. You will win on a lay bet if the predicted outcome does not occur. If you place a lay bet against Horse “A” to win, then you win if you bet against someone who thought that Horse “A” would lose. In the event you win the bet, you get your winnings minus the commission the exchange site is charging and at the odds you had agreed on with the other exchange bettor.

When you lay and lose, you will not lose the actual stake that you had placed on the lay bet but the potential win. Let’s say your stake was £100 but your potential win is £200. When your lay bet loses, you will part with £200 and not the £100 originally staked, which means you should have more money in your bankroll balance when placing a lay bet. But this does not apply to all lay bets as it all depends on the odds agreed on with the other bettor.

Matched and Unmatched Bets

In a betting exchange, you either come up with your own bet or go with odds already presented by other bettors in the exchange. If you pair your bet with odds presented in the exchange, it is said that the bets have been matched.

When you present your odds and no other bettor chooses to lay your bet, then it is said that your bet has been unmatched. Betfair betting exchange is one of the best betting exchange sites in the UK. They have a great community of bettors who are ready to lay and back bets presented with some of the best odds.

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