Online Betting Exchanges

Unless you have been living on a desert island, you will have heard about the online betting exchanges if you are at all interested in gambling. The betting exchanges are becoming increasingly popular, and are matching more and more of punters’ money every month as more people sign up and realise the benefits that they offer – not least the fact that it is a chance for any gambler to act as a bookmaker.

Betting Exchanges are basically a platform on which punters come together to bet against each other. It is person-to-person betting, using the exchange as the go between.

You can bet just as you would do at a traditional bookmaker, but you can also now ‘lay’ a price – i.e. bet AGAINST a team or a horse winning, rather than bet that they do win. And you have the added fun factor of pitting your wits against another person, rather than a bookie. And because there are no bookmakers' profits being factored into the equation, the odds are on average 20% better at an online betting exchange.

There are many betting exchanges on the web, but the biggest by far is Betfair and should be the first port of call for all new exchange punters. Also well worth a look is Betdaq who are the next biggest player in the online marketplace. We can recommend them both, not only for the volume of bets that they match on a daily basis, but they are both highly reputable firms which are renowned for the quality of their customer service.

Click here for some betting exchange basics