On one side bookmakers and on the other side betting-exchange platforms. Today we won’t need to describe what a bookmaker (online betting site) is, we will focus more on betting exchange platforms. Too many people underestimate the power of betting exchange platforms or so-called “sports trading platforms”.
What is betting-exchange?
The structure of betting-exchange platforms is the same as normal bookmakers with a few special features.
- Normal bookmakers: In the case of a normal bookmaker, it is a company that acts as a betting taker. The bookmaker sets the odds and limits offered; he makes money on losing bets and pays it back to the player in case of a winning bet.
- Betting exchange: Betting exchange platforms, on the other hand, pit the bettors against each other. They can publish odds (lay) or bet on the outcome of an event (back).
How do they pay themselves?
Normal bookmakers: Bookmakers make a profit by offering odds that don’t exactly reflect the real probability of the event; this adjustment of odds is called “margin”.
Betting exchange: They pay themselves by taking a commission on all customer profits (on average 3%).
What is the downside of betting exchange platforms?
Bettors are dependent on the liquidity of the market … The odds offered by betting exchange sites are potentially more interesting than those of a normal bookmaker, the possible amount of the bet is determined by the liquidity of the market. In order to increase your bets so that your prognosis will pay you more, you will have to wait for someone else to offer the same prognosis (at the same odds), or you will have to settle for less.
The betting exchange system makes bettors dependent on the markets published by other players. In betting exchange, in order to be able to bet on a given event, another bettor has to consider himself an expert on a market.
This is more likely to be the case in niche markets rather than mass markets.
Conclusion
Registering on betting exchange platforms can be scary, an unknown world, change of habits, getting out of your comfort zone, etc… it makes a lot of things that will not allow you to register.
Personally I took a long time to register on the betting-exchange platforms and bet on it but to be honest with you there is absolutely nothing complicated about it. These platforms are very simple to use and you will not get lost with this new way of betting. It will only benefit you and your finances.
Can you really make money from sports betting?
If sports betting can look like a beautiful Eldorado to make money from your couch while sipping a beer in front of the match of the day, the reality is quite different. 95% of the players lose money in the long run. So the answer is yes, you can really make money from sports betting, but you still need to know how to be part of the remaining 5%. To do so, here is some information on how to avoid it.
What are the reasons why players lose money
Most of the time the reasons are following:
- Seeking to win big in one go
- Play high odds
- Betting too much money
- Betting on feeling
- Seeking to remake oneself
There is no such thing as a winner every time. Therefore, the only way to generate profits is to have a strategy that allows losses to be compensated with gains. A bit of math: a 1.20 odds of 1.20 means you have 83.33% chance of winning, a 1.50 odds of 1.50 means 66.66% chance of winning and a 2.00 odds of 2.00 means 50% chance of winning. These odds take into account many factors such as the shape of the teams, the terrain, the compositions…
These numbers allow you to understand a little better the risks you take. However, the only way to generate winnings is not only knowing the risks. You have to keep your accounts and follow an invariable course of action.
Choose your strategy and follow it rigorously. The solution.
We have chosen to present you one of the strategies of one of the best known tipsters. This method has allowed a large number of players to earn money. Of course, you also need to have an understanding of the sports you bet on and a certain talent for analyzing matches.
It is therefore possible to generate income, but it requires time, investment and a lot of rigor. Without long-term experience or the help of a tipster, it is therefore almost impossible for you to generate profits in the long run. So take the time to read the tips from betting forecasting sites or professionals before you bet your bonus. We also advise you to bet on sports bets that are refunded when you sign up. This is the least risky offer to start betting online.