These markets are not generally available when betting at a traditional sportsbook, especially on a large scale. One of the biggest advantages is the ability to lay bets or bet that an outcome will not happen. Sports Exchange Betting – Advantagesīetting exchanges offer several advantages compared to traditional sportsbooks.

These commissions range from 1% up to 5% of winning wagers. Instead, they charge a commission on a wager that is successfully matched. A sports betting marketplace don’t take the standard 10% vig on each bet. However, since exchanges offer lower margins than a typical sportsbook, and the bookmaker’s overround is almost always smaller. Its unlikely customers will have their bets matched if they post odds that are considerably worse than what the market is offering, so that’s something to keep in mind if you want your bet matched. Exchanges offer some of the best odds around. Some exchanges allow a combination of both. Many exchanges set competitive odds while others allow customers to back or lay their own bets in the marketplace.

However, unlike a standard sportsbook that accepts your bet immediately, a betting exchange requires that your bet is matched by another customer for the wager to have action. Traditionally, a customer ‘backs’ an outcome to occur (to win) and the sportsbook ‘lays’ that the outcome will not occur (to lose). When wagering at a sports betting marketplace, bettors will have two options. Customers are wagering against each other, rather than looking to outsmart the oddsmakers. For further information, read our Privacy Policyīetting exchanges operate as a peer to peer betting marketplace, rather than the player vs. By submitting this form, you agree to receive emails from Safest Betting Sites.

Betting exchange vs sportsbook