BETTING EXCHANGE
Online betting is now a huge industry where you can discover many features, options and possibilities to place various types of bets online in order to unwind and win money. The problem is that many bettors aren't able to distinguish a traditional online bookmaker from a betting exchange bookmaker that offers greater advantages.
First of all, when you place a bet using the services of a traditional online bookmaker (such as Bet365, William Hill, Ladbrokes, Betfred, Paddy Power) you bet against a bookmaker, while when you place a bet using the services of an online betting exchange website you bet against other bettors.
Some may say that it is nothing extraordinary till this point, but in fact there's a really big difference. An online betting exchange offers greater chances of maximizing your profit because, unlike traditional bookmakers, they offer huge odds and just charge a small transaction fee (which is between 5-6% from your winnings and which gets lower after some time), while a traditional online bookmaker offers way lower odds (the odds/prices are lowered by the bookmaker's commission) and the overall winnings charge can go up to 20%. Now, if we compare 5-6% with 20%, it's more than clear that is more profitable to bet using the services of an online betting exchange website.
If you have experience in trading at the stock exchange, then betting online using the services of a betting exchange website will look similar. Basically, what a betting exchange does is to encourage, support and assist the bettors to exchange bets, therefore any bettor can become his own bookmaker by setting his own odds and manipulate the market through various options. With this excellent advantage, online betting goes to a level which leaves open new ways of making a greater profit.
When it comes to choosing a traditional online bookmaker it's a really difficult mission because there are hundreds and most of them offer similar services, but with betting exchange bookmakers things are different. Overall, there are just a few betting sites offering betting exchange services and the best-organized, reliable and popular (by far) is Betfair. This well-known and leading online betting exchange website has experience of over 12 years in this field and millions of customers from all over the world. They offer many markets for all the major sports and competitions, along with extraordinary features (live betting, live streaming, video tutorials, mobile betting, news & tips, financial betting, fast withdrawals and more).
Unfortunately, Betfair doesn't have strong competitors on this market, but this doesn't mean that there aren't alternatives. Betdaq, which was recently acquired by Ladbrokes, and Matchbook can be considered good options if you want to test other betting exchange sites.
Registering to a betting exchange website is no different from registering to an online bookmaker. Also, depositing and withdrawing money is made exactly the same (there are accepted most online payment methods), therefore you don't need to worry about this.
In conclusion, betting exchanges are more orientated towards experienced bettors who like to take advantage of great odds and place high stakes in order to make some good profit from online betting.
You may also want to read the following:
Fees charged by online bookmakers
Live betting
Live streaming
