Betting Exchanges
Betting exchanges are a interesting new phenomenon in risk markets which has turned the conventional bookmaking and gambling business on its head. Betting exchanges are gaining credibility and influence all the time and with each month that passes seemingly another country legalises the complete, and it would seem that it is only a matter of time before the large exchanges are completely legalised and recognized worldwide.
Another great attribute of a betting exchange is that if you don't like a price you can post a price of your own on the and then see if anyone one else is ready to ‘match’ you and thereby take your bet on. Put very simply, betting exchanges are a safe place where members of the betting public can exchange bets with each other incognito, at odds that they specify themselves. It seems that as betting exchanges are the way of the future, many companies have jumped on the band-wagon and have started new betting exchanges.
The Odds
Odds offered by betting exchanges on average are about 20% better than those offered by traditional bookmakers. When you compare odds at betting exchanges to odds at bookmakers, you should take the commission into account as you don’t pay commission at the bookmakers. There will still be occasions when a normal bookmaker will offer more attractive odds than those that are available on the exchanges. The odds you offer obviously need to be sensible in order to be matched, but if you are not satisfied with the current price being requested by other punters you can simply leave an 'order' in the exchange at your odds and hope that somebody eventually takes your offer. The attractiveness of using exchanges is there is no bookmaker, which means there is no edge built into the prices, which often results in significantly better value prices. Pro-gamblers work on thin margins, there are some that enjoy greater margins but they are the few, generally speaking most pro’s work to small margins and so a 20% increase in odds despite the commission which can be as high as 5% is a huge boon.
Betfair – No.1 Player
Betfair is the dominant player in the betting exchange market, with an estimated +85% market share by value. Betfair's exchange boasts a high degree of liquidity, across an extensive range of sports betting markets, alongside a professional customer service operation and a fully incorporated phone and internet betting facility. Unlike an established bookie, Betfair has no vested interest in the outcome of an event and therefore their interests are 100% in line with those who oversee sport.
In-running (betting while a sport is being played) is one of the features that really makes betting exchanges like Betfair come alive. The phenomenal success enjoyed by Betfair and others in the last 18 months is testament to the appeal of the product to the betting population.
Sports Betting
Sports betting is concerned with predicting sports results, while using the conclusion of a particular sporting event to make a bet. Horse racing and soccer are the largest volume markets but tennis, cricket and other popular sports also supply a significant amount as well. As sports bettors become more informed gamblers, an increasing number of players will move to the betting exchanges. For sports betting there are over fifty different sports on the exchanges covering events from 122 different countries.
Trading On The Betting Exchanges
Trading is like any other profession, it takes time to learn and there are hurdles to overcome. And as financial exchanges have proven to be efficient mechanisms for trading shares, options, and other kinds of securities, so have the betting exchanges proven successful in the world of online gambling. The numbers of people betting from home utilising the talents of the internet, continues to grow at breakneck pace and one of the largest areas of growth in Britain is online trading, both in sports and other markets. Exchanges are particularly good for dealing with in-running events, where using trading techniques similar to those used in financial trading, or by spread bettors, you can secure in a guaranteed profit before the conclusion of an event.
Related Articles
The History of City of Chester and Its Racecourse
By: Keith Driscoll | 14/08/2007 | Sports and Fitness
The July meeting at Chester Racecourse, held over two days, is one of the most fashionable racing events of the summer.
Horse Racing Staking Plans for Betting. are They Important?
By: Keith Driscoll | 10/08/2007 | Sports and Fitness
Staking plans can be dangerous; they cannot turn a bad gambler into a profit maker.
8 Top Tips for Becoming a Professional Gambler in Horse Racing, Poker and Other Sports
By: Keith Driscoll | 10/07/2007 | Sports and Fitness
Most folk are under the impression that professional gamblers have one bet, play one game of poker, or some other form of gambling, and then collect the winnings and go back to their tropical island for a few months rest, before having another gamble!!
The Worlds No.1 Horse Race. the Aintree Grand National
By: Keith Driscoll | 11/08/2007 | Online Gambling
The steeplechase is run over two circuits of the Aintree 'National' course, covering four and half miles. It is usually held on a Saturday in early April at the Aintree Racecourse in Liverpool. This is not to be confused with Aintree's standard 'Mildmay' park fence and hurdle course.
History of Thoroughbred Racing in the Usa
By: Keith Driscoll | 08/03/2007 | Sports and Fitness
The British settlers brought horses and horse racing with them to the New World, with the first racetrack laid out on Long Island as early as 1665. Although the sport became a popular local pastime, the development of organized racing did not arrive until after the Civil War.
History of the Cane Pace
By: Simon Skinner | 25/06/2008 | Online Gambling
A short history about what Cane Pace is. The Cane Pace was first created in 1955. It was not until 1956 that the Cane Pace joined with the Messenger Stakes and the Little Brown Jug to form the Triple Crown of Harness Racing for Pacers.
Horse Racing Systems - the Gamblers Lazy Way of Betting
By: Keith Driscoll | 17/07/2007 | Sports and Fitness
Although for many of us the excitement of having a bet is what matters, one thing is for sure you can have a lot of fun running horse racing systems even if you don't have a bet, in fact many people do just that.
UK Horse Racing at Newmarket Racecourse. Best in the World
By: Keith Driscoll | 11/08/2007 | Online Gambling
You can visit the world famous National Stud, take in a tour of the National Horse Racing Museum, and even arrange a tour of the town’s training facilities and gallops.
Latest Sports and Fitness Articles
The Best Flying Websites
By: Jonathan Money | 20/08/2008
The best flying websites on the internet today are not always the most commonly searched. Below are some great ways to find flying websites that have exactly what you're looking for.
Flying websites can be overwhelming. Aviation itself requires an incredible amount of information, compounded by the need for up-to-the-minute weather...
Tattoos and Health Concerns: What You Should Know
By: Jonathan Scott | 20/08/2008
In a world where a new disease is discovered almost weekly, sometimes it seems that health issues arise in almost everything we do. Unfortunately this includes getting tattoos.
Do You Want to Participate In Amateur Formula Drifting?
By: Uchenna Ani-Okoye | 20/08/2008
Formula D drifting is a popular sport. In fact, for being relatively new to the United States, on a professional level, the sport has a pretty good fan following. In addition to cheering on their favourite drifters, there are many fans who want more.
3 Types Of Ab Crunches - Work Your Way To A Nicer Abs
By: Jesse Miller | 20/08/2008
Getting your abs sculpted and fat-free takes more than just discipline with your food intake. Aside from cutting down on desserts, carbohydrate-rich food, soda and alcohol, you need to be overly hardworking in doing your abs routines.
Alaska Fly Fishing Trip: Planning a Great Fly Fishing Trip in Alaska
By: Trevor Price | 20/08/2008
Trying to plan an Alaska fly fishing trip? Wondering which lodge to book? Trying to decide when to go? Figuring out what to pack? For the answers to these questions and more, read on to learn how to plan a fantastic Alaskan fly fishing trip.
Obtaining a Fishing License
Typically, your charter...
6 Abs ExercisesTo Get A Six-Pack Tummy
By: Jesse Miller | 20/08/2008
Although there are quite a number of exercise routines that may quickly take those excess tummy fats out, a good diet is still a mere consideration to get the best results.
How to Get Six Pack Abs Fast
By: Scott Russell | 20/08/2008
Learn how to get six pack abs fast, without even spending a cent on gym memberships, expensive exercise equipment, or personal trainers.
Football Ornaments
By: Mitch Jelly | 20/08/2008
American Football:
The first person paid to play football was William Heffelfinger also called Pudge; he was paid 500 dollars in 1892 to play for Allegheny against Pittsburgh. Of course American Football started earlier than this. Football type games had been around for many years in Europe and in the Americas,...
More from Keith Driscoll
Casio Baby-g and Other Models Grab the Limelight
By: Keith Driscoll | 27/02/2008 | Jewelry
Two thirds of Casio's Baby-G sales are in Casio's domestic market back in Japan. The Japan based Casio Company, diversified out from the calculator industry in 1974 to create electronic watches starting with the Casiotron electronic wristwatch.
Promote your Website With Unique Article Submissions
By: Keith Driscoll | 11/09/2007 | Marketing
It is pretty noticeable that the articles you submit will be featured in front of 1000’s of website owners, ezine publishers, imaginative writers, professional bloggers who are always in the hunt of fresh, unique content.
The History of City of Chester and Its Racecourse
By: Keith Driscoll | 14/08/2007 | Sports and Fitness
The July meeting at Chester Racecourse, held over two days, is one of the most fashionable racing events of the summer.
Why Manchester United Football Club are No.1 in England
By: Keith Driscoll | 13/08/2007 | Soccer
Manchester United Football Club is an English football club, sited at the Old Trafford stadium in Old Trafford, Greater Manchester, and possibly the most popular football club in the world, with over 50 million supporters across the world.
Liverpool Football Club - Champions Elite
By: Keith Driscoll | 13/08/2007 | Soccer
For millions, Liverpool Football Club is a unique place and this is its own special legend
UK Horse Racing at Newmarket Racecourse. Best in the World
By: Keith Driscoll | 11/08/2007 | Online Gambling
You can visit the world famous National Stud, take in a tour of the National Horse Racing Museum, and even arrange a tour of the town’s training facilities and gallops.
The Worlds No.1 Horse Race. the Aintree Grand National
By: Keith Driscoll | 11/08/2007 | Online Gambling
The steeplechase is run over two circuits of the Aintree 'National' course, covering four and half miles. It is usually held on a Saturday in early April at the Aintree Racecourse in Liverpool. This is not to be confused with Aintree's standard 'Mildmay' park fence and hurdle course.
Horse Racing Staking Plans for Betting. are They Important?
By: Keith Driscoll | 10/08/2007 | Sports and Fitness
Staking plans can be dangerous; they cannot turn a bad gambler into a profit maker.
Sports and Fitness 
