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Best Betting Exchanges in UK. Debit card deposits only. T's and C's Apply. The Purple one as they are known due to their website colouring is the longest running challengers to Betfair's betting exchange dominance.

They are working tirelessly to compete and have introduced a range of innovative concepts. But for those around in the very early days of Exchanges, one might feel like they have gone back in time, as back in the day, the two platforms looked very similar.

Betfair has moved forward in the display of the exchange whereas looking at BetDaq today is like fond memories of days gone by on Betfair.

It really hasn't come on. Well plainly with a far superior customer base Betfair will beat its rival hands down 'most of the time'.

As we saw in the football example earlier in this article, BetDaq performed very poorly in terms of money available in the market, and for a popular event too. BetDaq used to be the first alternative to Betfair, but rather than Smarkets taking Betfair's share of the market, I think they have eaten into Betdaqs share more.

The one light BetDaq has is the ability to place multiple bets on the exchange, something Betfair did away with some time ago. Other than that, BetDaq fails to match the market leader in any other aspect.

Traders do not bet in the same way as normal punters and as such need absolute security that they can have access to a market at all times. Whilst betting exchanges are generally very reliable, it is inevitable that they will have some technical failure or downtime at some point.

Not a problem if you have placed your bet to win, and that is all you are using the exchange for, but if you are taking trading positions, then it is likely you will have high sports trading liabilities for at least a short period of time.

If the exchange you are trading on goes down at a point when you are in a high liability open position, you will have no way of closing. This is where your second betting exchange account comes to the rescue. call it the 5th emergency service, if you will! You should always have a second exchange account open and ready to rescue positions if your main exchange goes down.

Betting exchanges and Betfair, in particular, introduced the concept of in-play betting. With events going in play you can make a profit before an event finishes, and profit on all outcomes.

G: If you have backed Arsenal at 3. The other options of the draw and the away team Manchester United will get bigger, you may see a scenario as below.

Having backed Arsenal at 3. This is betting heaven compared to 20 years ago. In this day and age, all bettors should have at least 1 Betting Exchange account, click any of the links to sign up today.

What is the best Betting Exchange? Add to that better liquidity [money available to bet] overall against any competitor. With the additional seamless switch to fixed-odds betting and a huge casino too. Betfair exchange rates as Number one.

Betfair has the most customers of any betting exchange, has a sportsbook app too and is partners with Paddy Power.

Overall they offer the best exchange, but also one of the biggest bookmakers in the world. There can still be some reticence because of the association with traditional bookmaking and other business partnerships, but that shouldn't factor into your thinking generally.

If you are looking for an alternative, the other exchanges mentioned in this article are all worth interest too. If betting in-play is a consideration, then because of the sheer weight of bettors, Betfair is an account that you should sign up for.

Betfair is the biggest betting exchange, and the best alternative exchange to Betfair is Smarkets. Betfair will win most comparisons in terms of available events, markets and liquidity [Money available to bet].

That said, Smarkets are a very good alternative exchange site and we would recommend an account for you to explore if they work better for your type of betting activity.

they are also good back up if your normal exchange was to go down for any time, and vice versa. A Comparison between Betfair and Smarkets will show that Betfair are bigger than Smarkets if looking at the number of playing and paying customers they have.

As the original online betting exchange Betfair have a distinct advantage in that respect. However, depending on what betting activity you undertake, Smarkets may be better for you.

In any case, we would recommend that you have a Smarkets account, as back up for Betfair or any other exchange platform in case they go down and you are left in a position where your liabilities are higher than you would like them to be. A backup account will allow you to possibly recover your positon.

The Betfair Exchange could potentially close or suspend an account for winning, but this would be very rare and most likely linked with suspicious gambling activity. Differently to online bookmakers the exchange takes a commission, so they do not mind you winning, as the more you win, the more they earn from you.

There is a higher commission rate known as the 'premium charge' but if you are reading this guide and asking the question, you do not have to worry about this higher rate at all.

This amount is deducted before you are paid, so you don't have to worry about paying it yourself. The commission rate is reduced if you are a heavy user and place very many bets on the Betfair exchange.

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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. There is no need, everything will be there tomorrow, and in doing so you are almost certainly not betting on value and you will make the situation worse.

This can happen at any time but is most likely to happen when you are live betting so be aware of this. Linked to this it is a good idea to have a dedicated betting bankroll and only ever use this to bet with, so wins are not spent and losses are not noticed, it is all just numbers in your bankroll and not actual real money you ever considered spending.

Betting exchanges do not have as many promotions and bonuses as traditional bookmakers do, largely because their profit margins are already much lower.

They do have some now and then for certain existing customers but it is nothing like as prevalent as it is with traditional sportsbooks. Betfair : At the time of writing Betfair do not offer a specific Welcome bonus for new customers at the betting exchange.

Betdaq : Betdaq say that new customers who place a £10 qualifying bet on the Exchange at odds of 2. Promo Code: BDQ Matchbook : At Matchbook you can place your first £20 bet at odds of 1.

Bonus code: MB By Features: Cash Out £5 Minimum Deposit Minimum Bet Sizing Live Streaming Betting Exchanges Safest Fast Withdrawal Daily Free Games New Betting Sites Horse Betting Apps Football Betting Apps Virtual Sports Betting Sites.

Betting exchange sites do not themselves control how much liquidity there is on their markets, certainly not at any one time. They may have partners who they can work with but by and large it is a betting exchange's customers who determine how much liquidity there is, either by laying bets which helps the backers or by backing bets which helps the layers.

To answer the question more often than not it will be the Betfair exchange as they have the most customers. It will not always be Betfair but the Betfair exchange is usually the best betting exchange for liquidity. The short answer is yes you definitely can use betting exchanges abroad in practice.

You might be breaking local laws though depending on exactly where "abroad" you have gone to so check this carefully. Just because the betting exchange allows it, does not mean the local police will.

Well, all betting exchanges have certain areas that they are the best at so it will depend on what things you prioritise when you are betting. Overall, it is probably going to be Betfair but Smarkets come a very close second in many areas.

You win a betting exchange bet in a different way depending on whether or not it is a "Back" bet or a "Lay" bet. If it is a back bet then you win by that selection happening. If it is a lay bet then you win by that selection not happening. Yes Smarkets is a betting exchange.

Originally launched with the idea of being a social betting site it quickly changed focus and has grown to be the only serious competitor to Betfair in the past twenty years.

The main Pros of a betting exchange are that you will almost certainly be getting better odds, and even if you are a winning player your bets will never be limited in size.

As a rule yes all the betting exchanges have been known to offer various Free bets and other promotional offers to existing users.

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

Advanced Trading Platform · A wealth of information puts you in control of your betting experience. · Designed for betting · Full customisation of features Betfair's Betting Exchange lets you bet against other people and get great odds on thousands of markets every day. ✓Best Odds ✓Bet In-Play ✓Cash Out Matchbook is a peer-to-peer betting exchange designed for smart bettors who want more value. Offering deep liquidity and low commissions, Matchbook returns: Betting exchange sites

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This online sires company was called Bet and Getting, and it betting exchange sites been bwtting part of the industry since free slot machines please A sportsbook on a betting exchange site will help the aites to place exhange winning siites. It also has a user-friendly mobile app. Different users will want different things from thier bookmaker, and that still applies to exchanges. About Betfair Best odds for Horse Racing using Betfair Sp, the exchange is perfect for traders and getting huge odds on outsiders. If your bet loses, Betfair will refund your stake in cash, up to a maximum of £ Get 6x£5 football free bets at specified odds for set markets, 7 days expiry.	Updated: Jan 30, Betting. Back and Lay: The former refers to the act of betting on something or someone to win. Betfair exchange rates as Number one. In backing a bet the amount of stake is multiplied by the odds. However, betting exchanges favour sports events and more traditional races — horse and greyhound racing.	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	Betfair Exchange. Betfair commission is paid on winnings and rates are on a sliding scale, starting at 5% and down to a low of 2%. Your discount rate reduces Betfair are the biggest betting exchange and are likely to have the best odds available a day or more before the match, game, or race takes place. Their betting Betting Exchanges Explained A betting exchange, as the same suggests, is a marketplace where bets are exchanged. The unique characteristic of a betting	Betfair's Betting Exchange lets you bet against other people and get great odds on thousands of markets every day. ✓Best Odds ✓Bet In-Play ✓Cash Out Betting Exchanges Explained A betting exchange, as the same suggests, is a marketplace where bets are exchanged. The unique characteristic of a betting 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
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Insert the commisssion exchanbe are begting. Maximum Bookies Betting exchange sites in Cash. Every event clearly displays the betting exchange sites between the two betting styles through clearly designed labels, ensuring effortless navigation. Determine your interest and if this is important, or similarly if it will be in the future. Get £10 bonus Betway offer. Detailed review of exchange sites.	Certain popular competitions will be advertised on betting exchanges and odds provided on different selections of winners. As a rule yes all the betting exchanges have been known to offer various Free bets and other promotional offers to existing users. T's and C's Apply. It is a pretty big one at that and nicely laid out as well. The major difference between a betting exchange and your average bookmaker, is that a betting exchange allows for punters to bet against fellow punters.	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	When it comes to the amount, quantity and quality of bonuses available, Betdaq is slightly better than Betfair and can be ranked first. The Betfair exchange is The best betting exchanges · Betfair · Matchbook · SBK · Spreadex · Ladbrokes Matchbook is a peer-to-peer betting exchange designed for smart bettors who want more value. Offering deep liquidity and low commissions, Matchbook returns
But live baccarat online casino has a discounting rate spin oasis no deposit bonus lowers rxchange live baccarat online casino commission. Betting exchanges eschange many many games from many bwtting leagues in many more countries betting exchange sites other bookmakers. These are just as essential considerations as price and property location are when choosing an apartment. Always have hope that the underdog will not win and gain some profits. Advantages of using an exchange are mainly that the odds you get will probably be better but there are other things too. The commission is only charged on the net winnings of bets.	Anything from football, motor racing, golf, to darts. Back and Lay: The former refers to the act of betting on something or someone to win. Exchanges have a few risks that are additional to bookmakers though and extra special care needs to be taken. The markets are not simply priced by the bookmaker, but by many hundreds or even thousands of bets being placed. If the price of your selection is less than evens 1. All of these are industry standards to look out for when choosing an exchange betting site.	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	Betfair's Betting Exchange lets you bet against other people and get great odds on thousands of markets every day. ✓Best Odds ✓Bet In-Play ✓Cash Out Advanced Trading Platform · A wealth of information puts you in control of your betting experience. · Designed for betting · Full customisation of features Best Betting Exchange Sites · Matchbook Betting Exchange · Betfair Betting Exchange · Smarkets Betting Exchange. Smarkets have established
The Best Matched Betting Sites — Our Top Picks Reviewed. Eexchange a Reply Cancel reply Your email address will not be published. Smarkets are one of the newer players to the world of online exchange betting. What Is a Betting Exchange? Let's dive into the details.	Smarkets are one of the newer players to the world of online exchange betting. One Free bet per person is allowed. They crush their competitors primarily by their number of available markets and liquidity. This is also where you should be able to see any potential returns. 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. That means you throw money at a selection to win back , or you can pick out a selection to lay which means that you are picking an outcome NOT to happen.	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 Best Betting Exchange Sites · Matchbook Betting Exchange · Betfair Betting Exchange · Smarkets Betting Exchange. Smarkets have established Betfair's Betting Exchange lets you bet against other people and get great odds on thousands of markets every day. ✓Best Odds ✓Bet In-Play ✓Cash Out

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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

Additionally, because of the way that Betting Exchanges operate, you can even play the role of a trader and offer LAY betting odds if you want to take that alternate route for your sports betting.

Essentially, betting exchange software allows you to bet against other punters directly instead of betting against a bookmaker. Advanced sports investors can take advantage of betting exchange arbitrage or trading to score themselves a little extra, all through the exciting formats available at betting exchanges.

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. This is one area that punters will need to understand.

Not only because it may be a new way of betting, but because it is a different kind of risk that perhaps one is not used to. When you lay a bet, you are trying to win the stake of a Backer on that market. If for example, you Lay Real Madrid at 2. So if you tried to win £10 then your overall liability in money terms is going to be £ You failed with your Lay bet.

That losing bet just cost you £ You were risking £ So if you saw Lay odds of 40 but you misread it at 4. You would be out of a massive chunk of money.

At Betfair for example, when you make a Lay bet, they will remove the full Liability from your balance to cover for the worst-case scenario. It will be back in your account if you win you Lay bet.

Because Decimal odds are easier to read and easier to calculate the fractional odds, you will see the bulk of betting exchange action going down in decimal odds. It is worth familiarizing yourself with it to this end. It is going to be a lot less complicated in trying to figure out returns and liability when you do it in decimal odds.

When you start getting into betting exchanges you will invariably come across the term of Green Book. What this is, is when a punter creates a situation when they will claim a return no matter the outcome of a particular market. So a Green Book is creating a balanced situation.

This does take some understanding and time to get down. There are elements involved like time and judgement to get this just right. As with any betting that you do at a betting exchange it also needs any bets made to be matched.

A matched bet is where you either take a bet at odds that have been presented by another punter, or you set a lay bet option at your desired odds and wait for someone to oppose it.

Scenario A: The horse wins you claim £ from the Back bet, minus the £ Liability from the Lay Bet so you take a £ total. Scenario B: Bookies Worst Nightmare does not win the race and the Lay bet returns £, minus the £ stake from the losing Back bet.

So you have broken even. So the basic aim is to try and find that balance between odds, where instead of the Lay bet just covering the outlay of the stake on the Back Bet, you can earn some kind of return from the Lay bet.

That is just all in the odds and it is why Lay betting and exchange betting in general needs some familiarizing with.

Because betting exchanges can provide a lot of betting variations and at varying degrees of complexity, a look a strategies can offer punters a good insight into the workings of a betting exchange. Betting exchanges strategies can be a good way to get a deeper understanding of just how an exchange can work for you.

But approaching strategies from an informative perspective can help get more out of the experience. They will give you a plan to work towards and nuggets of information that you may never have thought of.

From trading live tennis matches to laying golf bets, we have plenty of betting exchange strategies available to get your up and running.

Betfair have superb support and they are packed to the rafters with helpful guides and video instructions to help you get a grasp on what you need to know. There is also a great community in their forum if you want even further help and guidance. There is a lot to enjoy about betting exchanges, they can be challenging, fun and rewarding all at the same time.

You can click on any of the links above and go and read our full review of the best betting exchanges. It is a helpful thing to go and see them in action yourself because that way you will get a personal feel for them.

We have sent our experienced bettors to look at, and test out the different exchanges and that is all of the information that you are going to be able to find above. But as a quick oversight, here are our top picks of the best betting exchanges.

This was always going to be at the top of our rankings. They have such a big base of followers and you can visit their forum to explore the community and see that for yourself. It is just the simple operation of the exchange itself, which is excellent.

As exhanges go, Betfair is easy to use with its clear layout. They have big extra features as well including an actual traditional sportsbook if that is your thing, you also get things like cash out, an each-way edge and a tremendous variety of live streams as well.

You can take it all with you with a superb mobile app too. Alongside their traditional sportsbook, Ladbrokes have added an exchange.

It is a pretty big one at that and nicely laid out as well. There is a wonderfully varied amount of betting markets that can be found in there and they have an expansive in-play service on the exchange as well. One of the aspects of the Ladbrokes exchange that will probably appeal to punters is that it feels very uncomplicated.

You can also enjoy live horse racing streams when you place a bet on a race in the Ladbrokes exchange. The main reason we prefer the navigation on these sites is because they have submenus on the side of each page, which will help you narrow down your market selection.

Smarkets go for a completely alternative design to the other three exchanges in this post, in both colour scheme and total layout of the site. Betfair also has the upper-hand when it comes to the amount of markets you can bet on in each game. The reason that Betfair can run more markets than its competitors is due to the superior liquidity that the site can offer.

Because more people are betting and trading in higher quantities of money, it is worth their time to add extra markets. The other exchanges will often find their smaller markets having less than £1, in matched money — or often even nothing at all — which makes it harder for them to run the markets profitably.

This means that, ultimately, they choose not to add as many markets. place an unmatched bet or lay and wait to be matched or whether you accept the bet or lay of someone else. This lower commission might seem amazing on the surface, but you pay it on both winning and losing bets, which changes things significantly.

Over 12 months, this works out to over £1, profit! When it comes to profitability on commission, Smarkets and BETDAQ win hands down — unless you put a significant amount of money through your Betfair account, as this reduces your commission on a sliding scale. For complete beginners to matched betting and also for sports traders, we currently recommend Betfair.

The best way to sign-up to their site is via this link. About the Author This post was written by Luke Jordan. Luke founded Beating Betting at the start of and ran the site until February He is passionate about entrepreneurship, marketing and video creation. What happens if you have placed your back bet having minutes before seen that there was sufficient lay money at your desired odds in Betfair you now find that you cannot get the lay bet matched or only partially matched since the lay money has been all or partially taken up in the few minutes it has taken to place your back bet.

You are now likely lto lose your back bet unless by sheer good luck the bet wins. In this scenario, Jim, you have to lay at higher odds. Interesting comparison. Betfair seem to know they have the monopoly that is betting exchanges.

Would be refreshing to see smarkets or one of the others really push them to take them on. Although I fear if that happened they would somehow buck their ideas up a bit. I would argue that it is anything but reliable. I quit using Betafir about 4 years ago as I found the exchange would go down regularly on a Saturday afternoon and I would be unable to place ebts or worse lay back my original bets.

Recently I opened another Betfair account to see if things had improved and the very first Saturday afternoon the exchange was down for about 4 hours!! So 4 years on, nothing has changed with Betfair, the same unreliable website and exchange.

Thanks for your comment Si. I have to say that this is in complete contrast to the vast experience we have with Betfair over the past 3 years or so, and with the experiences of many, many matched bettors and traders that we work with and speak to.

As soon as another exchange is able to attract the sort of liquidity that betfair has no one is any where near close at the moment betfair will have to drop these premium charges which effectively amount to income tax. I hope Smarkets gets there but they need to make their interface more appealing and functionality more user friendly — in short more similar to Betfair.

I agree, seems like they have it nailed at the moment. Matched betting is low risk. The risk of the largest loss comes from the possibility that the bookie making the offer is about to close. Closure can be caused by fraud, or by running out of cash.

It happened to me a few years ago, and by the Rule of Sod, my winning bet was with the dodgy Bookie, and therefore the loss was a multiple of my £50 deposit. Your email address will not be published.

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Best Betting Exchange Betfair, Smarkets, or an Alternative? Last updated January 17th, To find the best exchange for you, keep reading! Which exchange is better: Betfair or Smarkets?