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Contributing Soccer and US Sport Editor
Contributing Soccer and US Sport Editor
Generally, when you are gambling online with an operator, you can only back one outcome to happen. Lay bet, or betting against an outcome is not allowed. This is where betting exchange sites come in. A Betting Exchange in India allows punters to place a bet on any outcome. Hence, it plays an important role in matched betting. Betting exchanges are places where punters place bets against other sports fans and not the bookmaker. Hence, the Best Betting Exchanges have great odds too. However, it is important that you have a bit of experience in the betting world and go through Betting Exchanges Explained before opting for a betting exchange on betting exchange sites.
There are a few differences between betting exchange sites and bookmakers. These are:
Betting exchange sites allow punters to place a bet on any outcome of a match. However, unlike a bookmarker, the lay bets or back bets are placed against other customers playing in the betting exchange. Hence, by pitting customers against each other, betting exchange sites do not limit customers on which kind of bet they would make.
You have a lot of flexibility regarding placing bets on the outcome of your choice when you are involved with a betting exchange. However, when it comes to accumulators, betting exchanges can restrict you. The outcome in the accumulators cannot be determined by the punter easily as they are not placing the bet against fixed odds put forward by bookies. Plus, the odds placed are often restricted and so, you will be making less money in case of an accumulator.
One of the reasons why betting exchanges are so popular among experienced punters is that they set good odds. Since betting exchange sites work as a free market with the punters controlling the odds, you can get better value in the odds presented by the betting exchanges. Bookmakers on the other hand, set the odds themselves which includes their own commission.
Betting exchange sites generally charge a small commission fee on every bet. This is the way that they make money. It is a percentage of the estimated wins. Bookmakers set the odds with a ‘vig’ which is, their commission.
There are only two kinds of bets that you can place when you are engaged with a betting exchange. These two bets have made betting exchanges quite common. The two types of bets are:
This is a straightforward bet and most bookmakers offer this kind of bet to the punters. A win bet is when you are placing a bet by backing the outcome of a game For example, if you are betting on a game of cricket between India and Bangladesh and you believe India would be the winner, you can place a win bet backing the win of India. Hence, it is backing an outcome to happen in the game. Since you are betting using a betting exchange, there is a higher chance that you will get better odds when you are backing an outcome to happen.
Lay bets are one of the reasons why most punters opt for betting exchanges. Bookmakers are always going to give you the option of win bets. That’s because when you place lay bets, you take up the role of a bookmaker. With lay bets, you are betting against an outcome from happening. In a lay bet, you will be setting the odds and then, accepting the bets of the other punters. It is also a risky move as if your lay bet fails, you can lose a lot of money. That’s why you should use a lay bet calculator and calculate the losses and the odds properly before placing the lay bets. Of course, you can use lay bets wisely in case of matched betting and not incur any loss at all.
Even the best Betting exchanges have their own pros and cons. Some of the advantages and disadvantages of betting exchanges are:
While you may be engaged with the best betting exchange in India, it is important that you create a strategy before betting. A few tips for gambling on a betting exchange can help you immensely in the long run. Here are a few betting exchange tips:
Betting exchanges are best suited for punters who are generally familiar with betting and online gambling. Apart from Betting Exchanges Explained, Wetten has a plethora of betting resources available for you, including betting guides on 1×2 betting strategy India, Asian handicap betting, matched betting and Value Bet Strategy. There are also guides for casino games, live dealer games and sports-specific strategies as well.
If you are an advanced punter, then you can get a lot of value from the betting exchange in India. You should not opt for a betting exchange in India if you are looking for amazing bonuses. Betting exchanges are known to provide great odds and the Best Betting Exchanges will not place a large percentage on the winnings as commission. The Best Betting Exchanges can also enable you to engage in matched betting on all the major sports events. With Betting Exchanges Explained and learning about betting exchanges, you will be able to take a crack at risk-free betting as well as go for an exciting betting adventure without the limitations placed by a bookmaker.