Exchange Bookmakers
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AZ team
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When you bet online, you essentially have two choices. Through an online betting exchange, you can wager against other bettors or against a bookmaker. You should also be aware that the top betting exchanges are restricted to a small number of well-known brands, in contrast to bookies, where there are tens or even hundreds of trustworthy sportsbooks. However, because it offers a unique betting experience and promotes the employment of various betting techniques, exchange sports betting is becoming more and more popular among bettors worldwide.
| Exchange bookmaker with the fastest payout | BetOnline |
| Exchange bookmaker with the most promotions | Velobet |
| Exchange bookmaker with the highest odds | Sportsbetting.AG |
Bet365 – 9.7/10 rating
⚽ Casino and sports betting
👔 Owner: Bet365 Group Ltd
📅 Established: 2001
🌎 GEOs: United Kingdom, Spain, Germany, France, Italy, Portugal, Russia, China, Japan
🏛️ License: UK Gambling Commission
Banking
Min. deposit: $10
Max Monthly Withdrawal: no limit
Withdrawal time: Instant
Advantages
- Over 2000 slots
- Live streaming
- Great variation of sports markets
MyStake – 9/10 rating
⚽ Casino and sports betting
👔 Owner: Santeda International B.V.
📅 Established: 2020
🌎 GEOs: Chile, Norway, Mexico, Brazil
🏛️ License: Comoros
Banking
Min. deposit: $10
Max Monthly Withdrawal: $15,000
Withdrawal time: up to 24 hours
Advantages
- Over 6000 slots
- Generous welcome bonus
- Accepts crypto payments
Sportsbetting AG – 9/10 rating
⚽ Big variety of sports betting markets
👔 Owner: Itagui Inc
📅 Established: 2003
🌎 GEOs: USA, Canada, New Zealand
🏛️ License: Antigua & Barbuda
Banking
Min. deposit: $20
Max Monthly Withdrawal: $100,000
Withdrawal time: up to 24 hours
Advantages
- Optimized for every device
- Accepts cryptocurrencies
- 24/7 live chat
How does exchange betting work
The primary distinction between a betting exchange and a bookmaker is that in exchange betting, bettors place wagers against one another. A gambler can use a betting exchange platform to request odds or give odds to other bettors. Therefore, the software that allows gamblers to provide and request odds to and from other users of the online platform is essentially a betting exchange.
The services of betting exchanges are not given away for free. Winnings from exchange betting are subject to a commission fee charged by exchange bookmakers, often known as betting exchanges, but for other type of betting there are platforms with no fees. Unlike online and traditional bookies that offer odds at their own risk, exchange betting services serve as a mediator and take no risk.
Because they are not wagering against anyone, a betting exchange cannot lose, but a bookmaker can. The majority of a bookmaker’s revenue comes from gamblers’ lost wagers, whereas exchange bookies rely on fees from the gamblers to generate profit.
Types of bets on betting exchanges
Essentially, a betting exchange allows you to place two kinds of bets: selection which you can lay and selections that you may back. In actuality, gamblers are functioning as an exchange bookie with the ability to take bets. When you back a selection, you are actually betting on it to win. It is similar as to placing a bet with a bookmaker or online sportsbook. You are essentially covering another gambler’s wager when you lay a selection, and you predict that their wager will lose. You are acting as a bookmaker in this case.
In fact, it means that you should know your staff quite well and possess the abilities and knowledge on how to choose the best odds for any particular pick. Using a betting exchange calculator might be also helpful.
Exchange betting, on the other hand, allows you to bet on things that no bookmaker is willing to risk money on. All you have to do is look for another gambler who is prepared to take that chance. Additionally, because layers must provide higher odds for someone to match their bet, the odds are comparatively fairer than when betting with a bookmaker.
