Unlike standard bookmakers, stock odds do not include margin. On the betting exchange, the player can select a quote for the desired sports outcome and invite another user to make a bet "for" or "against" this outcome.
Betting Exchanges are believed to be more suitable for experienced players than beginners. In any case, it is better to choose trusted bookmakers, such as 24betting exchange, which has an official license.
As a rule, betting companies earn on margin in odds, on betting exchanges, the interest of the site is a fixed percentage, as a rule, from 5-10 percent.
Types of bets on the betting exchange
A betting exchange is where a player places his bet, and another participant can redeem it, notably on the 24betting bet portal, users can place two types of bets.
| Name of the bet | Essence of the bet |
| Back | Users offer their bets, in which they indicate the coefficient and the maximum amount on the outcome of the event |
| Lay | Bet on a win or a draw |
Usually, lay bets are made by very experienced players who are pretty deeply immersed in the sport. So if you are starting out on the exchange, then it is better to choose a more understandable Back bet.
Benefits of a betting exchange
Recently, many players have preferred betting exchanges to traditional bookmakers. And this is not surprising because if you look globally, betting exchanges have a lot of advantages over traditional bookmakers.
Benefits of the betting exchange:
1. High odds. When a player puts a bet on the exchange, he is not limited by any limits, and he needs to wait for another user who is ready to play against. At a traditional bookmaker, the odds include the interest of the office
2. No restrictions. There is no limit on the amount you can bet on the betting exchange market. The bookmaker's office limits each event by the maximum bet size. It all depends on how much money is bet on a particular outcome.
3. Arbitration. Betting exchange odds change very dynamically. An experienced player will fully utilize this feature to arbitrage their gaming goals, better known as "forks." The player is guaranteed to make a profit by placing a bet on one of his matches with the opposite outcome with odds exceeding 2.00
4. Guaranteed payouts. Since the entire financial flow on the exchange is user funds, it cannot go bankrupt
5. Permanent bets. Since there is no bookmaker on the stock exchange, trading takes place until the end of the match
Betting exchanges is fascinating places for gambling people. The exchange must provide a reliable and high-quality service to users, so choose a trusted betting exchange and get your chance to win crazy money.
Who benefits from betting on the betting exchange
Anyone can bet on the stock exchange, but who benefits most? In fact, with the help of a betting exchange, both beginners and experienced bettors can earn money.
But first of all, betting exchanges are suitable for gamblers who have thoroughly analyzed playing teams and matches. If you are a beginner, start with simple bets to gain experience.