Betting exchanges: list, rating, profitability

2024 Author: Leah Sherlock | [email protected]. Last modified: 2023-12-17 05:25

Today, people are trying to make money online in many ways. Someone works as a freelancer, someone surfs sites, and some make money on sports betting. Each of the methods is good in its own way, but as for the last type of earnings, there are a lot of contradictions, nuances and features. Let's try to understand them.

What is a sports betting exchange?

Today you can place bets both in bookmakers and on sports exchanges. It should be understood that such sites are not bookmakers. The sports exchange is a platform where the bookmaker is an intermediary between the players who place bets. The essence of the exchange is to order the coefficients of interest to the players.

Why do people place bets?

There are many reasons why people resort to playing the stock exchanges, the main ones are:

1. Desire to earn. Many people think that this is the easiest way to make money, but after losing hundreds of dollars, they are surprised to find that this is not entirely true. Before placing a bet, you need to study the features of the game, betting methods, and think over some points in advance. Not everyone can calculate wins and losses if,of course, you are not one of the lucky lucky ones. Earnings on bets - first of all, calculation.
2. Too much time. It happens that there is extra time and there is simply nowhere to spend it. Why not make a couple of bets and watch a couple of matches at the same time?
3. Excess cash. What to do with extra money? You can go to the betting exchange. However, if you are an experienced player, it is not certain that there will be no more extra money.
4. Dependency. Many players are not able to stop their excitement, and endless bets begin. This, as a rule, does not end well, and the player drains all the capital. Therefore, as mentioned in the first paragraph, a calculation is needed.

You need to remember one main rule: if you are an extremely gambler who does not control your emotions, does not know how to stop in time, then playing in bookmakers and on sports exchanges is clearly not suitable for you, because you risk spending everything that you have, or even get into debt.

It is not uncommon for a player, full of desire to win back a loss, borrows money and loses it again.

What is the difference between a sports betting exchange and a bookmaker?

The sports betting exchange has a number of differences from bookmakers, but many people mean the same thing by these concepts. And this is not surprising, because betting exchanges have recently appeared on the gambling market. The main differences are:

• In the first case, the bookmaker acts only as an intermediary and the players play against each other, in the secondcase they play against the bookmaker.
• In sports betting, the value of the coefficients is set by the players, on the betting exchanges - by the owner of the office.

Why are sports markets popular?

Betting exchanges are gaining more and more popularity mainly due to the fact that players have a free choice, each gives the opportunity to offer the participants of the event their bet with a coefficient.

The first betting exchange, bookmaker in one person, opened in 1999, is Betfair, which is still the best today.

Betting exchanges allow users to act as both a player and a bookmaker, charging a certain percentage for using the betting site. Here, the chances of winning are significantly increased compared to bookmaker exchanges, since the probability of finding a high odd and winning from players is much greater.

You can also make money by reselling odds during a sporting event, the principle here is the same as if you were betting on the stock exchange. So, the odds change almost every second, so you can have time to sell your bet at a higher price, this will avoid the fear of losing at the end of the match.

Choices

The betting exchange does not provide as many opportunities for transactions and earnings as the sports exchange. And players are attracted not only by the possibility of earning, but also by choice. So, sports exchanges, in addition to standard types of bets, offer back and"against". What does this mean? Suppose an opponent offered his bet with a coefficient, if you agree with him, then you bet "for", if, on the contrary, you do not agree, you bet "against" the offer.

If you are interested in making money with the help of a betting exchange, then do not rush. First of all, you need to study all the features of the exchange, the rules of rates, the pros and cons. Even if you are an experienced bookmaker, you will not immediately be able to readjust to the game on the sports exchange. As they say, you go quieter - you will continue.

Most Popular Exchanges

Today there are a huge number of betting exchanges, and sports grounds, and bookmakers in combination with sports, which offer players different options for betting. However, as in any area of our life, there is also a rating here. The most popular bookmakers are Betfair, BetDaq and WBX. These sites were among the first to occupy this niche, so they are deservedly considered leaders.

Betfair is the foundation of the basics

This is a British brand founded in 1999 and owned by Sporting Exchange Ltd. The betting exchange has a total annual turnover of £393m. Betfair has earned the trust of players and is a safe and solvent exchange with a variety of sporting events to choose from, various bonuses and high odds.

BetDaq - in the footsteps of Betfair

Is the main competitor of the Betfair exchange. The founder is Dermot Desmond, who launched the site in 2001. In 2013, BetDaq was bought out by the betting company Ladbrokes. The exchange offers many sports events for betting, however, it has not been able to bypass the competitor Betfair to date.

WBX - alternative to Betfair

Founded by Malcolm Gray in 2002, the exchange is owned by Bet Exchange Ltd and WBX Holding Plc., who believe the exchange could be a great alternative to Betfair. The sports exchange gained fame thanks to horse racing.

As you know, if you start a business or solve a problem with the mind, you can succeed. So in the case of sports exchanges, with a competent approach and detailed study, you can reach incredible heights in this area. A great example would be Bob Voulgaris, who made a fortune in betting.

Road to the heights

Bob Voulgaris has been betting on sports for 13 years. He was an NBA fan and avidly watched every game, but he still had a certain gift of foresight. After some time, he came up with the idea of how you can make a fortune on this. In the 90s, betting was not very popular, and Bob managed to come up with his own winning strategy.

With five years of gambling, Voulgaris could bet a million dollars on matches in a day, he could afford to rent a house in Hollywood Hills for 12.5 thousand dollars. He lived a life that all men would dream ofplanets.

However, after a while, the offices, whose budget he devastated, began to understand how Voulgaris succeeds, and revised their activities. From that moment on, Bob began to rapidly lose his fortune, unable to stop and not bet.

Thus, if you are an ardent betting fan, be vigilant and do not lose your head, then you will be able to increase your capital, and most importantly, save it.