Online Betting Exchanges
Online betting exchanges are an attractive new development in risk markets which has turned long-established UK bookies and the gambling industry on its head.
Online betting exchanges are gaining credibility and influence all the time and with each month that passes seemingly another country legalises the complete, and it would seem that it is only a matter of time before the big exchanges are completely legalised and accepted worldwide.
Another great facet of gambling at betting exchanges like Betfair is that if you do not like a price you can post a price of your own on the and then see if anyone one else is ready to 'match' you and thereby take your bet on - essentially betting against other punters.
Put very simply, betting exchanges are a secure place where members of the betting public can exchange bets with each other incognito, at odds that they specify themselves.
It seems that as betting exchanges are the way of the future, many companies have jumped on the band-wagon and have started new betting exchanges.
Betting Exchange Odds
The odds offered by betting exchanges are about twenty percent higher on average than those offered by normal bookies - check out the odds offered at Betfair Exchange for example.
When you compare odds at betting exchanges to those at bookies, you should take the commission into account as you do not pay commission at online bookies.
There will still be the odd time when high street betting shops will offer more attractive odds than those that are available on the exchanges but it's quite rare.
The odds you offer obviously need to be sensible in order to be matched, but if you are not satisfied with the current price being requested by other punters you can simply place an 'order' in the exchange at your odds and hope that somebody eventually accepts your offer.
The attractiveness of using online betting exchanges is there is no bookie, which means there is no edge built into the odds, which often results in significantly better value prices.
Professionals work on thin margins, there are some that enjoy higher margins but they are the few, generally speaking most professionals work to small margins and so a 20% boost in odds despite the commission which can be as high as 5% is a massive boon.
Betfair and BetDAQ are the dominant players in the betting exchange market, with Betfair currently owning an estimated +85% market share by value.
Betfair's Exchange boasts a high degree of liquidity, across a wide variety of sports betting markets, alongside a professional customer service operation and a fully incorporated phone and internet betting service.
Unlike well established online bookies, Betfair has no vested interest in the outcome of an event and therefore their interests are 100% in line with those who oversee sport.
In-running (betting while a event is being played) is one of the features that really makes betting exchanges like Betfair come alive. The phenomenal success enjoyed by Betfair and others in the last eighteen months is testament to the appeal of the product to the betting public.
Betting at Betting Exchanges
Sports betting is concerned with predicting sports results, while using the conclusion of a particular sporting event to make or break your bet.
Horse race betting and football betting are the largest volume markets but tennis, cricket and other popular sports also contribute a significant amount as well.
As sports bettors become more informed shoppers, an increasing number of players will migrate to the betting exchanges. For sports betting there are over 50 different sports on the exchanges covering events from 122 different countries.
Trading On Betting Exchanges
Trading is like any other profession, it takes time to learn and there are hurdles to overcome.
And as financial exchanges have proven to be capable mechanisms for trading shares and other kinds of securities, so have betting exchanges proven successful in the world of online betting.
The numbers of people betting from home at online bookies continues to grow at a rapid pace and one of the biggest areas of growth in the UK is online trading.
Betting exchanges are great for dealing with in-running events, where using trading techniques similar to those used in the city, or by punters spread betting, you can lock in a guaranteed profit before the end of an event, match or the thing you're betting on.