• Betting Exchange Sites 2019
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• Us Sports Betting Exchange
• Betting Exchange Sites 2019

Best Betting Exchange Sites Compared in 2021. The best betting exchanges have much better odds than traditional fixed odds bookies so you can win much more for single and straight bets. There are quite a few around now, but we’ve put a table together of the top online betting exchange. Register for your free ID. 24/7 refill & withdrawal. Min deposit ₹200 only. Live casino, slots, matka games available.

In order to start trading football today, a betting exchange account is essential. Bookie accounts do not allow you to trade in the same way, so they are not going to do the job.
We have already explained betting exchanges in detail, now we look at the four exchanges available in the United Kingdom and Republic of Ireland.
It's worth signing up to them all for the new customer bonuses, but you will also find lower commissions here and there. In addition, if you're going to become a serious football trader, you need to have a back-up plan in place for when your favourite betting exchange runs into technical difficulties. That happens from time to time and by being well prepared, you will avoid needless losses.
So here is our list of betting exchanges, starting with the biggest (but not always best).

Betfair is the world's largest betting exchange.It was formed in 2000 and, although being based in Hammersmith, West London, it operates under a Gibraltar licence. From 2 February 2016, the company has been listed on the London Stock Exchange as Paddy Power Betfair.

Betfair won a 'Queen's Award for Enterprise' in April 2008. This was in recognition of the fact that more than half of all new customers come from outside the UK and account for 44% of all revenue. That might not be the case any longer, since Betfair pulled out of Germany, Austria, Spain and Portugal due to regulatory issues.

In September 2008, Betfair introduced 'Premium Charge' which we have explained here. The company stated that fewer than 0.5% of their customers would be affected but that is still more than 20,000 successful traders, given their claim of having at least four million customers.

There was a huge amount of criticism for Premium Charge, including a Guardian article which stated that Betfair is 'where winners have just become losers'. However, you do need to be very profitable in order to hit this extra charge so it's a nice problem to have!

Every football trader must have a Betfair account. The market liquidity is better than any other exchange and many more matches are offered in-play. There's simply no other option for many football fixtures.

Matchbook was formed in 2004, but only became a major player after being acquired by a group of investors in 2011.

For any exchange, liquidity is vital and Matchbook have stated that, 'we want to grow our community by focusing on our liquidity, one market and sport at a time. To do this, we ensure we have critical mass along with the best price and liquidity offering in the industry, before we add any further markets.'

The ultra-low commission rate in the UK (and no Premium Charge) will certainly help attract customers.

There is still a way to go with football markets, though Matchbook claim to have 'the most significant pool of US sports liquidity available'. This includes NFL, NBA, NHL and MLB.

Can Matchbook challenge Betfair when it comes to football trading? Time will tell.

In the meantime, let's do our bit and take advantage of the much lower commissions whenever we can!

Smarkets is the newest sports betting exchange, having been founded in 2008.

In their mission statement, Smarkets state that they 'take a stand for integrity by providing a superior online investment platform that facilitates honest, user-centered trading in regard to sports, politics and current events'.

Betting Exchange Sites 2019

This all sounds very nice, but can Smarkets challenge Betfair?

They certainly seem to think so, saying that they are 'gearing up their platform to pose a serious challenge to other established betting exchange operators'.

Growth does seem to be picking up. It took Smarkets until April 2014 to hit £500m lifetime trades but then less than a year to double that, achieving the £1bn mark in March 2015.

Betting Exchange Sites Free

March 2015 has seen Smarkets surpass £1bn in lifetime trades!

At 2% commission they will certainly attract customers but the key, as always, will be liquidity.

Betdaq was founded in 2000 by Irish businessman Dermot Desmond and acquired by Ladbrokes PLC in February 2013.

At the time of the acquisition, Betdaq had an estimated 7% share of the online betting market in Great Britain and Ireland and was generally considered to be the main competitor to Betfair.

Ladbrokes paid €30m for Betdaq’s exchange operator and also acquired a 10% stake in the company which provides the technology for the exchange. They have an option to either buy the remaining 90% or sell the initial 10% back. It appears that Ladbrokes were after this technology more than the exchange itself as very little appears to have happened since in terms of development.

Betdaq claim to handle in excess of £75M worth of bets every week. That sounds like a large amount of money, but Betfair regularly see more than £2m matched in one Premier League match odds market.

That obviously means that liquidity is not as good at Betdaq as it is at Betfair, but there's no Premium Charge either. Swings and roundabouts.

More information about each betting exchange:

Us Sports Betting Exchange

Matched betting requires two things. A bookmaker account and a betting exchange account. If you've bet online before you will be used to placing bets on bookmaker websites such as William Hill, Bet365 or Paddy Power but you may never have used a betting exchange before. In this article we'll take a look at what betting exchanges are, how to use betting exchanges and how you can use them to profit from matched betting.

What are betting exchanges?

Betting exchanges work slightly different to online bookmakers. When betting at a bookmaker such as William Hill or Ladbrokes, you place a bet and if it wins the bookmaker pays you your winnings. With betting exchanges, there isn't an actual bookmaker and users bet against each other. You have the option of betting on events with odds set by other users or you have the option of setting your own odds for events and allowing others to bet on them. The second option effectively allows you to become the bookmaker. Confused yet? Don’t be, it will all become much clearer.

Back bets and Lay bets

One of the main differences between a bookmaker and a betting exchange is the option to place a Lay bet on a betting exchange. A lay bet is betting on something not to happen. For example, Man Utd are playing Chelsea and you don't think Chelsea will win. You could place a lay bet on Chelsea which would mean your bet would win if the match results in a draw or Man Utd winning. Basically anything except a Chelsea win. You also have the option to place a Back bet which is betting on something to happen. Using the previous example, if you place a back bet on Chelsea, your bet would win if Chelsea win but lose if it's a draw or Man Utd win. You can place back and lay bets on all events on a betting exchange such as a horse to win or lose a football match to end 0-0 or not or a player to score a hat trick or not.

Back bet = Betting something will happen
Lay bet = Betting something won't happen

Betting exchanges in matched betting

Using betting exchanges are a fundamental part of matched betting. Matched betting involves covering all outcomes of an event to guarantee a profit no matter what the result is. When matched betting you are required to place a back bet with a bookmaker and a lay bet with a betting exchange and so you will be using betting exchanges just as much as online bookmakers.

How betting exchanges make money

Bookmakers make their money by people losing bets and having a slight edge on the odds. However, with betting exchanges you are placing bets against other users and not the exchange itself and so it is often asked how betting exchanges make money. They make money by taking a percentage commission of your net winnings. For example, Betfair and BetDaq charge 5% commission on net winnings and Smarkets charge 2%.

Example :

£10 bet
Back Man Utd to beat Chelsea @ 2/1
Man Utd win and your return is £30 (£20 profit)
You pay 5% commission on £20 = £1
Total return = £29

The commission paid to betting exchanges needs to be taken into consideration when matched betting so that you can calculate your lay stakes correctly and keep an accurate track of your profits. However, if you are matched betting using a matched betting service such as MatchedBets or OddsMonkey, then the exchange commission is preconfigured into their calculators which tell you how much to back and lay on each bet, meaning you don't have to worry about it.

Which betting exchange is the best?

Betting Exchange Sites 2019

There are a handful of betting exchanges we recommend and for different reasons. Betfair is the original and most popular betting exchange but they do charge a higher commission than an exchange such as Smarkets who charge only 2%. One thing to take into consideration when using an exchange are the available funds on the market you are betting on. The available funds is the amount you can back or lay on each bet and are determined by how much other users have bet on the event prior to you. Betfair, being the most popular betting exchange, usually has the largest available funds on markets, which allows you to place your bets without worrying they won't be matched by other users. Again, if you are using a matched betting service, they will usually advise you which betting exchange is best for your bet based on market availability and commission percentage.

Matched and Unmatched bets

In order for your bet to finalised on a betting exchange, it must be matched by another user. If you are placing a lay bet then there must be a user who is willing to back the same bet for your bet to be matched. If your bet is unmatched it will be refunded to your account. When matched betting it is important to make sure there are enough available funds on the exchange to match your bet prior to placing it. If there are not enough available funds then you should find another bet.

How to use betting exchanges

Betting exchanges generally all work the same in that you have the option to place a back bet or a lay bet on each event. However, each betting exchange has it’s own layout and it is important to know your way around each betting exchange prior to placing your bets. You can read our guides for Betfair exchangeand Smarkets to gain a better understanding of how to use each site individually.