Best Betting Exchange Sites in the UK

The main concern around betting exchanges is that they provide an easy option for a user to bet on something specific to lose which can create concerns around things like match fixing. Whilst bookmakers make their profit when punters lose, betting exchanges make their profit by charging a small commission (usually 2%) on winning bets. EasyBet uses Matchbook’s liquidity and offers its customers fantastic promotions, along with a competitive 2% commission rate (4% for UK and Irish customers, 2% for Rest of World players). It is clear that the rewards of betting with the best betting exchanges can be better than with traditional bookies. The major betting exchanges are all regulated by the relevant gambling commission rates and have strong financial backing.

So even when you factor in commission, it’s often worth placing your bets here as opposed to at a fixed odds bookmaker. One of the newest betting exchange sites is EasyBet – another arm of the Easy Group best known for Easyjet airlines and holidays. They’re a combination of rebates on Bet Builders/Multiples and free bets if you come close, but not close enough. Matchbook excels when it comes to horse racing, football and NFL but offers a decent offering across all the major sports. The Exchange provides the platform for these transactions to happen and they take a small percentage (usually 2%) from winning bets as a commission. We provide an independent comparisons and may receive a form of compensation for including some companies in the tables.

Lastly, you usually say goodbye to bonuses and cashouts with betting exchanges. With betting exchanges, punters set the odds giving users a higher chance to profit. The best sites have much lower rates than the 5-10% most bookies charge. After having betting exchanges explained in my guide, you’ll find that plenty of sites provide such a service and more. To place a lay bet, you’ll need to find a bookmaker that offers this type of betting. Because lay bets involve predicting that an event will not happen, they are often seen as riskier than other types of bets.

Unlike the other betting exchange operators, Betfair also offers a huge separate sportsbook that, like other normal bookmakers, has some good new customer offers. Originally formed in 2004, Matchbook offered low commission rates but their target markets were only North American sports. Given that the betting exchange customers are funding payouts for winnings and liability, how does a betting exchange actually make any money?

Betting exchanges explained in this article might run a cheaper operation than a sportsbook non gamstop betting sites but it’s certainly not a charity platform. Like back bettors, lay bettors also create their own odds. On the contrary, the lay bettor assumes the role of the sportsbook and does precisely the opposite of what a back bettor does. The winner wins money from the opposing player minus the betting exchange’s cut. You can assume two roles on the platform—a back bettor and a lay bettor, as explained below. It’s a willing buyer, willing seller kind of scenario where punters connect.

Betting against other players isn’t a pass to place reckless wagers. Check if you’re dealing with value odds from a statistics point of view by considering past results for the teams. Before you decide to back or lay on a betting exchange, verify if the odds for the chosen market are favorable. Instead of racking your brain trying to establish what betting exchanges are, visit SportsGambler first. If you decide to join a betting exchange, you might as well make the most of the opportunity, otherwise what’s the point? As I mentioned earlier in my betting guide, these exchanges make money by taking a commission of your profits.

OLBG ranks over 100 different betting sites to list the best bookies in the UK for low deposit limits and small stakes. With over 100 different betting sites ranked and rated, OLBG lists the best bookies in the UK for fast withdrawals, with some as quick as 30 minutes. Don’t take such requests personally, all licensed online bookies must follow these regulations or they can face huge fines. With most online bookmakers listed here you may be able to easily transfer money between the bookies other products such as poker, casino and bingo.

This means that the odds are decided by other users and not the betting exchange, meaning that there are a wider variety of odds available. Unlike a regular bookmaker, betting exchanges do not go about setting their own odds, instead they allow for peer-to-peer betting to happen. A betting exchange, also known as sports betting exchanges, is an online market for online customers to place bets on the result of specific events. This is great for punters because there is no conflict of interest between you and the company. 0% commission rate on all bets settled within 60 days from registration. If you want to take your gambling to the next level then look no further than the best betting exchanges.

Full T&Cs apply to any offers. Qualifying bets cannot be placed on a price boost. Qualifying bet must settle, excluding cash outs.