Betting Exchanges

The betting industry today is hardly what it used to be some three decades ago. Before the 1990s, what dominated the entire betting complex were sportsbooks or traditional bookmakers as we now refer to them today. Betting exchanges, the new betting model that is credited with the changes that have and continue to shape 21st-century online sports betting were not yet established. Sportsbooks simply replicated their offline services online with little or no major innovations. And it was not until the first groundbreaking betting exchange (Betfair) was launched that punters began experiencing a completely novel form of doing the same business. Suddenly, from backing only, they could now lay the markets as well, thus playing both bettor/bookmaker’s role while equally betting nonstop from the start of an event to the end (in-play betting). For more options on Traditional and Exchange bookmakers do not forget to check the best bookmakers suggestions of us!

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What are betting exchanges?

Although they can easily be confused with sportsbooks when referred to as bookmakers, they are quite different. While the traditional bookmaker is noted for two peculiar aspects, i.e., selling (laying) odds for backing by bettors and making returns from inbuilt margins and most importantly the losses of punters, betting exchange operates almost in the opposite direction.

  • They only act as mediators between two opposing parties, i.e., bettors.
  • Whoever wins or loose is the least of their concerns since they don’t benefit from either situation.
  • Their profit is derived from commissions charged on matched bets. As such it has nothing to do with the outcome of an event.
  • Their first and most important role is to make sure there is enough liquidity in whatever market they are offering.

That’s what a betting exchange looks like and now, let’s see what makes them ideal for sports betting.

What you get from a betting exchange

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  • Highly competitive odds
  • Extensive betting limits
  • Wide range of markets
  • In-pay betting
  • Arbitrage and trading opportunities
  • Cashout

These are some of the most exclusive features of a betting exchange and below is a list of the high-profile brands that you can start making use of their services immediately.

Top betting exchanges

  • Betfair
  • Smarkets
  • Fair Exchange
  • OrbitX
  • Betdaq