Advantages of Exchange betting
Exchange betting was introduced at turn of the century and everyone believed it would be a new revolution in the sports betting. It will lead the demise of the bookmaker and certainly it made a major impact on the sports betting industry. Therefore it became very popular with bettors but it hasn’t replaced bookmakers yet. Exchange betting is also known as peer to peer betting. Which basically about betting against other individuals, rather than a bookmaker.
Advantages of betting exchange is reasonable odds, they have a tendency to provide odds as opposed to standard online betting site. This is more often with the long shot bets which is generally carries better odds at exchanges. Such exchanges look at long shot bets as easy money and offer fair odds to attract more players. In fact standard sports book provides unfair odds in order to reduce the risk of losing money. Therefore its is better to place odds at betting exchange as they offer good deals. Plus one must keep in mind that there is no commission needs to paid.
There are two major advantages which exchange betting has over traditional sports betting. One of the biggest of these is that you can back and lay selections. This is isn’t option where you can find while betting with a book maker. So this new options it opens up lots of new opportunities for making money.
For example, if you want to bet on upcoming cricket tournament and you have picked three matches likely to win it. Yet you cannot decide which one is the one who will win? So you could back all three matches and best case scenario is that you win one wager and lose two along. However with exchange betting you could lay a few matches also, in this way you will win your wagers.
There is obviously some risk involved, a lay could go on to win the tournament. However you should be happy enough with risk if you are confident enough in your picks. You have added the benefit of potentiality making money even if one of your picks doesn’t win. As a player you still win all your wagers providing tournament is won any player that you haven’t laid.