New Betting Exchange Sites

2021年11月12日
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*Online Betting Exchange
*Sports Betting Exchange
Exchange betting is an innovation which took the UK and Australia by storm, and now it’s time for US bettors - both existing and new to the game - to get their teeth into those tasty exchange odds. In future we can expect to see US betting exchange options increasing with a wider number of states getting involved, and maybe even the compeition. Under the new law, the IL Lottery may place up to 2,500 sports betting kiosks throughout the state over the first year of the law being in effect. After that, the lottery may place an additional 2,500 kiosks over the course of the following year to bring the total to 5,000 machines.
Not every bookmaker can cater for betting exchange. The best betting exchange sites will have odds that are significantly higher than the traditional bookmaker.
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*FAST WITHDRAWALS4.8 ratingBetfair1st deposit bonus
Min deposit
£10
When people discuss betting exchange, Betfair is often the first bookmaker that comes to mind for most customers. It was the first to introduce the betting strategy back in 2001. It has the largest customer base for this betting type, which means that the payouts for selections tend to be higher than other bookmakers. Some of the best betting exchange markets offered by Betfair include Football, Horse Racing, Tennis and more. Betfair has one of the biggest ranges of markets in comparison to competitors and also has the highest liquidity, which essentially means higher profit margins.
New customers only | Max £20 cash refund | Using Promo Code VAL225 | Bet must be placed in first 7 days of account opening | Payment restrictions apply | T&Cs apply.4.9 ratingLadbrokes1st deposit bonus
Min deposit
£5
After seeing the success that betting exchange was bringing to Betfair, Ladbrokes decided to jump on the bandwagon and offer a brilliant market to their customers. Ladbrokes, in fact, bought the BetDaq betting exchange back in 2013, this is a great way of increasing the customer base as you need customers to use this betting strategy to make it successful. Merging Ladbrokes and BetDaq customers will create better odds on selections
18+ | UK+IRE only | PayPal and certain deposit types and bet types excluded | Min £5 bet within 14 days of account reg at min odds 1/2 | 4 x £5 free bets | Free bets valid for 7 days on sports | Stake not returned | T&Cs Apply4.4 ratingbetdaq1st deposit bonus
Min deposit
£10
This betting site was actually involved in Betting Exchange before Ladbrokes. It was tough competition for Betfair until it teamed up with Ladbrokes, who had the financial capability and customer base to increase the popularity of this market and really boost its competition against Betfair, something that BetDaq couldn’t do on its own. BetDaq has high liquidity, which is good for players in a betting exchange, it one of the lowest ranges of markets but also a low commission fee.
18+ only. Certain countries only. API/RDT customers excluded. Min £10 exchange or sportsbook bet at odds 2.0 or greater within 14 days of acc reg. Free bet valid on exchange for 7 days. Stake not returned. Depositing directly via bank card. No cashout. New customers only. The free bet will be credited within 72 hours to your account once the staking requirement has been met. T&Cs Apply.5.0 ratingSporting Index1st deposit bonus
Min deposit
£5
Home of the Spread Betting, another form of Exchange Betting where punters can buy or sell (known as Lay and Back on the classic Exchange sites) an outcome of a specific match. They also offer a Fixed Odds service which is the classic betting service offered by all Betting Sites, plus they allow users to test out their Spread Betting service by crediting bonus funds when a new account is opened.
New clients get £100 (non-withdrawable) to bet with. Keep what you win. Any losses over £100 are your liability. Market restrictions & 7 day time limit apply. Account opening subject to suitability checks. Spread betting involves risk.Losses can exceed deposits.We believe that every customer deserves a safe and secure betting experience, so we independently review every bookmaker on our site to make sure that they are fully regulated and compliant. All reviews are fair and true based on our experiences of the site. We do accept compensation from the bookmakers on our site, however, which may affect the position they hold. We are always looking to add more bookmakers to our site to keep offering the most up to date lists and to provide you with reviews that are current and true.We believe that every customer deserves a safe and secure betting experience, so we independently review every bookmaker on our site to make sure that they are fully regulated and compliant. All reviews are fair and true based on our experiences of the site. We do accept compensation from the bookmakers on our site, however, which may affect the position they hold. We are always looking to add more bookmakers to our site to keep offering the most up to date lists and to provide you with reviews that are current and true.Introducing – the Betting Exchange Sites
This allows you to receive a higher payout on your predictions. Here are some of the best Betting Exchange sites for you to receive high payout prices.
Matchbook: This sportsbook has but its main focus into US sports when it comes to its betting exchange, which is a great market for Matchbook to target, as Betfair and Ladbrokes have already got a high market share for other top sports across Europe. Matchbook focuses on the likes of Basketball, which has a lot of popularity around it. Although it is trying to increase its betting market to cater to a bigger customer base. Matchbook is considered to have medium liquidity, has one of the lowest ranges of markets but also has one of the lowest commission rates.What is a Betting Exchange?
One of the first questions on a lot of customer’s minds would have been, “what is a betting exchange?”. The simple answer to this is that in a betting exchange, it is not you betting against the bookmaker, like the traditional form of betting, but instead, you are betting against other customers, who come to an agreement with you as to what odds you will get.
In order for a betting exchange market to be successful, you need a sufficient number of customers using this betting type. Of course, when it was first introduced, by Betfair, it was not popular. So, in the beginning, Betfair had to invest their own money into it, until enough customers started using the betting exchange. The more customers that are betting on a particular betting exchange market, the higher the odds, this is great for customers and is why you preferably want to be using a betting exchange with a sufficient customer base, to ensure yourself higher profits.Promotions
The sportsbooks understand that sometimes, it may take a little bit of convincing for players to trust this way of betting and actually see themselves winning money from it. That is why they offer promotions, specifically for the betting exchange. Some of these promotions include:
Betfair is offering new customers who use their betting exchange, a £20 free exchange bet. This is a great way of starting off and getting some experience of what betting exchange is like. Ladbrokes are willing to offer customers a £10 Lay Bet refund on their betting exchange, which means that if your £10 lay bet loses, you will get the stake back, meaning you are essentially placing a risk-free bet.Back Betting on Exchange
For those that are unaware of what back betting is, in its simplest form, it is betting on an outcome to occur. For example, you might back England to win the next World Cup. This is the traditional form of betting, as you will back a certain team or athlete to win. However, in a betting exchange, you can receive better odds, depending on what other customers predict. If their opinion differs to yours, you can bet against each other and decide amongst yourselves what odds you are willing to give.Lay Betting on Exchange
When you are laying a bet, in a betting exchange market, you are going against what the person backing a bet is predicting, therefore you are only able to win their stake. Using the example above, you may have an opinion that England will not win the World Cup, and therefore you decide to offer odds to the back bettor. You may offer other customers 6/1 odds for England to win the world cup, whereas traditional online betting sites are only offering 4/1 betting odds. So, if England does win the world cup, and the back bettor has placed a £10 stake, then the lay bettor will owe the back better £60. However, if England doesn’t win the world cup, the lay bettor receives the £10 betting stake.Advantages and Disadvantages
To summarise the above, we can list the advantages and disadvantages of a betting exchange. It will help give you an idea as to whether or not this betting strategy is something for you to consider and get involved with to maximise your winnings.
Advantages of a Betting Exchange:
*Lay betting as well as back betting.
*Increased profits if bets are successful.
*Huge range of markets and selections covered.
*Better odds.
*Applicable for live betting.
Disadvantages of a Betting Exchange:
*Promotions such as odd boosters do not apply to a betting exchange.
*Can lose high sums of funds if you lose as a lay bettor.FeesOnline Betting Exchange
Campeonbet casino no deposit bonus codes. As you may or may not be aware, bookmakers need to profit from bets being placed through a betting exchange one way or another. As in a betting exchange, you are playing against fellow customers, the bookmaker is not receiving cash from this. Therefore, they charge a commission fee on bets processed through their betting exchange platform. The bookmaker themselves can charge anything from 0% commission, up to 6%. This is nice and low and therefore doesn’t take too much effect on a customer’s winnings.Verdict
To conclude our overall thoughts, we think that a betting exchange is a fun way of placing your sports bets. There is a range of bets, markets and trading tools to get you increased profits. From all the different types of bets that you can place, betting exchange is one of the most innovative types. This can be a great way of guaranteeing profits in some respect and if you have not tried it, you may be better of claiming one of the welcome bonuses for betting exchange and experience the markets and odds.The biggest and most well known exchange is Betfair, and after a 7 year long battle to break into the US market they finally launched the first US betting exchange in May 2016. Betfair US have been providing the service to American punters at the New Jersey Monmouth Part racetrack from May, in partnership with Paddy Power and Darby Development.
Initial exchange operations are focused on horseracing, though it won’t be lost on US punters that exchanges cover the full range of sportsbetting options.
Up to now Betfair have been running a betting operation using 4NJBets - a sportsbetting site who’s Customers have got first try at the new exchange in a closed beta trial. Betfair also runs an online casino in New Jersey in conjunction with Atlantic City’s Golden Nugget casino.
Although initial results have reportedly been strong, it may take US punters some time to catch on to the big value that can be obtained. To help, Betfair are setting up an exchange simulator to help punters learn about the offer.
The full list of tracks which have made agreements to offer Exchange betting include Monmouth Park, Woodbine, and the tracks running live in Louisiana and West Virginia. In Canada, Woodbine racegoers can also use the service.
One element that might disturb prospective Customers is the 12% commission which will be charged on the win that comes out of any positive return exchange bet. In the UK, this figure is significantly lower, though we need to recognise that the liquidity in the US market may initially be low. Betfair need to cover their costs.
Liquidity In The Exchange Markets? What’s That?
Clearly the understanding of how exchanges work needs to be built up in the heads of US bettors. Unfortunately this presents somewhat of a chicken and egg situation. To be successful an exchange needs to have plenty of cash being wagered - plenty in the pools to build up the chances of higher odds being available.
If there are not enough takers of the odds on offer (the exchanges Customers), then the layers will be prevented from offering higher odds. Everyone’s out to make a profit, right? This is what’s known as liquidity - essentially the volumes of money that make the betting markets viable.
Betfair obviously have a task on their hands to build up solidly and hopefully quickly - get as many US punters on to the Exchange as they can and show everyone the value.
So Really - What Value Do Betting Exchanges Give?Sports Betting Exchange
All of this talk about extra betting value for US sportsbetting fans is great of course, but it’s worth knowing exactly how betting exchanges deliver that value. It’s a big subject, and one which is already covered in many online articles so let’s take a look at a few of the best:
The most obvious place to start is on the Betfair US exchange site itself, where you’ll find plenty of info that’ll help you get started.
Another option is to visit Wikipedia, the online encyclopedia which covers pretty much everything. The Wikipedia betting exchange article offers a great introduction.
Next up is a short BBC article on exchange betting which gives a clear description of how it all works. It’s nearly ten years old but still worth a look.
Lastly this lengthy write up on betting exchanges at BettingMarket.com will take you deeper into the intricacies of the subject, explaining in specific terms how exchanges work and more importantly, how they deliver great value to betting fans.
For some more visual explanations there are dozens of useful betting exchange videos on Youtube channels.
These below specifically give a good - although basic - visual introduction. The first is Betfair’s first promotional video for the new US exchange, the second comes from BetAngel and gives an introduction to exchange betting in general.
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