Best Sports Betting Exchanges | 2024 Comparison

Online sports betting exchanges have flourished in recent years. For those not familiar with these online businesses, they are best described as a matchmaker of sorts.

Punters can place their bets but instead of playing against the company, they are wagering head-to-head with other bettors (check here our head-to-head sports betting guide).

The customer proposes a bet and the website will match that bet to another customer with an opposing view. If a bet is for a large amount, as is the case with dime bets, then the site will match it up against several other smaller opposing bets until the money is equal on both sides. For example, a high roller wants to bet $10,000 on Team A in the Super Bowl.  The betting exchange will find a pool of smaller bets on Team B that total $10,000.

After the outcome is determined, they distribute the prize money accordingly. The great thing for these businesses is that they can’t lose. And they won’t get angry either if you win these large amounts of money, as they will take a commission on the winnings. Betting exchanges are betting sites that don’t limit players for winning. Let’s take a closer look at the concept.

Top Betting Sites with the Best Welcome Bonuses in 21 November 2024 – Updated List

Aside from money, there are two main components that are needed to create a bet. For a bet to materialize a “backer” is needed. Imagine that you are at your favorite sports bar about to watch a baseball game with your friend. You turn to him and say that you think that Team A will win. You then offer to bet him $10 on the outcome. You have become the “backer”. Before you start betting on sports you can also read the article is baseball rigged?

The second component needed for a bet to happen is a “layer”, or someone to bet against the “backer”. Let’s say your friend accepts your bet. He has become the “layer” and the bet is set. Now it’s time to sit back and cheer for your team over a beer and some chicken wings.

Top betting exchanges – see your eligible sports bonus and compare them here.

We’ve discovered how exchanges work and how you can use them when online gambling to make a profit. Now, let us introduce you to a few of the best betting exchange sites. These include a mix of both mobile betting sites and the best national sports betting exchange options available for tennis betting strategies. Our recommended exchange betting sites include:

Betfair is the undisputed leader in this constantly evolving industry. Betfair has led the way since merging with Flutter.com in 2000. BETDAQ is another major player in the industry as is the relatively new Smarkets. As with any other online enterprise, it’s a good idea to do your homework before you commit your money to an internet enterprise. Here at Gambling Judge, we have prepared a Betfair trading strategies guide to help you understand and get started with the Betfair exchange.

Novices are doing themselves a favor by starting out at the more established sites. They can rest assured in knowing that sports exchanges such as Matchbook and Betsson are highly rated, licensed and regulated. Not only that, internet betting exchanges that have more clients will naturally increase a punter’s chances of finding the right odds.