Betting exchanges have revolutionized how we place bets simply by putting power in the hands of users.
A betting exchange is a peer-to-peer betting site that allows users to bet against each other instead of the house as in a traditional bookmaker. On an exchange site, users can choose to become bookmakers and bet on an event not to happen or back an event to occur.
In this guide we would be reviewing the best betting exchanges UK based on TheTrader.bet’s list.
How Betting Exchanges Work
The idea behind a betting exchange is relatively straightforward. It operates with two options:
- A punter can either place a back bet (wagering for the event to happen), as in traditional betting, or
- Act like a bookmaker by laying a bet—meaning they wager that a selection will lose.
Whether you’re a new staker or a seasoned pro in online casinos, you would most likely be looking for ways to maximize your returns. That’s where TheTraders.Bet comes in!
Top 6 Betting Exchanges Operating in the United Kingdom
We’ve done all the hard work for you and scoured the online market to find the best betting exchanges that offer great odds, low fees, excellent liquidity, and top-notch gaming experience.
Here are our top six(6) Betting Exchanges picks;
- Betfair:
This betting site pioneer is known for its exceptional liquidity. Betfair is the gold standard for betting exchanges, allowing users to make more accessible match bets even on niche markets. Enjoy exclusive offers on Betfair, and get £50 off of free bets when you place a bet of £10.
- Smarkets:
If you’re in search of a betting site with low fees, then Smarket is your go-to exchange. This site helps users accumulate wins, either big or small, easily. It also allows users to leverage the site’s betting calculator to determine potential payoutss. Smarkets’ ongoing welcome bonus promotion offers new players the opportunity to trade for 30 days with a 0% commission.
- Matchbook:
This site is popularly known for its low commission and solid liquidity, particularly for major sports like football, basketball, and tennis. Their extensive wide sports coverage ensures users access to competitive odds no matter their choice of sports.
- Ladbrooks:
Ladbrooks stands out for its variety of betting options and user-friendly interface. This exchange site offers players an opportunity to earn revenue. They also offer a daily price boost, ensuring high potential returns for users.
- Beldaq:
Beldaq may not be as large as Betfair, but it still holds its own when it comes to customer satisfaction. Its platform offers a 2% commission on placed bets and appeals to both regular and price-conscious punters.
- SpreadEx:
This company offers both fixed odds and a wide range of betting options on various sports events, including Formula 1. The betting site offers promotional boosts like welcome and referral bonuses to help kickstart new players. As a first-timer on SpreadEx, you get at least £40 for a £10 minimum bet.
Other betting exchange sites include;
- Stake
- Parimatch
- Fair play
Why Betting Exchanges are Gaining Popularity in the UK
The United Kingdom has a long history of traditional gambling. With bookmakers becoming more overly cautious about bettors, many players have found solace in online gaming systems.
The ability of players to select their odds, especially when they are able to turn a 9/4 price into a 5/2, opens up vast opportunities for success rates. Betting Exchanges provide players with transparency and control alongside low commission fees.
Tips to Maximizing Your Winnings on Betting Exchanges
Knowing how to bet is just as important as knowing where to bet. Now that you’re an expert on betting exchanges, here are a few things you need to know before you embark on your betting Exchange spree;
- Always read the fine print: Before betting on exchanges, make sure you understand how they work. Learn how to use both sides of the exchange to your benefit and note how far you can push prices to get what you want.
- Arbitrage betting: Note price differences across platforms and take advantage of them. This guarantees profit regardless of the outcome. Some exchange sites have free oddsmakers, which help users identify discrepancies in odds between different bookmakers.
- In-play betting: Some betting exchanges allow you to bet while events are ongoing. This enables users to exploit opportunities to change odds.
Final Thoughts
Betting Exchanges offer game-changing opportunities for players both in the UK and globally. With online casinos like 1win, players can leverage these betting sites.
Embrace the power of betting Exchanges and transform your betting journey.