All casinos with Exchange Betting
Exchange Betting Online [with Rules Explained and Casinos Listed]
Back in the day, betting on Financials was a popular service offered via online casinos. Today, however, it is being replaced with exchange betting, and this service is gaining more and more popularity.
So, what is it about exchange betting that attracts players from all over the world?Our team is breaking down the entire process for you, and we compliment this publication with links to certified platforms, and bonus suggestions.
Betting Exchange vs Bookmaker: Is There a Difference?
To make it a quick answer, yes, there is, and a significant one.
Now, let’s dive into details, shall we?
Originally, exchange betting was introduced as an additional activity and a way to earn money on Sportsbook. But instead of placing bets against the bookmaker, you will be invited to play against other sports bettors. To make a distinction even bigger, you will be able to trade in-play.
In a Sportsbook, you are to decide on an in-play or pre-match bet and must wait for the results, whereas in exchange betting, you will be able to change your mind during the game. This allows players to secure potential wins and escape losses as the game continues.
Many players like exchange betting more than playing against the bookmaker for better odds, too. Statistically, up to 20% of additional value comes from the reviewed betting service. And while some of the players, especially in the UK, complain about their accounts being restricted as the game against the bookmaker progresses in favor of bettors, here restrictions do not exist.
But is it all about Sportsbetting?
Not exactly. At certain platforms, you will be able to place bets on games! As bettors, you are invited to observe other registered members play, and if the platform supports exchange betting, you will be able to place stakes on potential winners. Most frequently, blackjack, TXS Hold’em, Hi Lo and baccarat were among available games. By the time we were ready to roll out this review, we did not discover any exchange betting for slots.
To break it down for you, let’s say you bet on a poker player. You will be able to bet on any of the four hands, and there are five stages to it: dealing, pre-flop, flop, turn and river. In each stage, a certain odd is a fixed one, and as you gain more skills in betting, you will be able to switch between stages to earn more profits.
Commission for the casino from exchange betting on poker is 2.5%. It raises to 4% in blackjack, but this game also supports additional betting.
Best Betting Exchange Platform to Visit
Our betting exchange list of online casinos covers lots of options, and your choice will depend on jurisdiction, currency and software preferences among other factors.
Best betting exchange for the UK is at BetFair - a software provider that practically invented its table games variation of this service. This platform has more than two decades of experience and licensing from the Malta Gaming Authority and the United Kingdom Gambling Commission.
So, BetFair betting exchange, how exactly does it work?
Instead of adding an overround, the platform will charge a commission. Most frequently, these fees should be expected on winning bets. To dig even deeper into the BetFair exchange betting rules, the brand claims its commission by multiplying your net profit by the Market Base Rate. Once this is done, the website will propose a discount based on how much money you have put through the exchange.
As for international traffic, there are several other options. Thus, 1xBet supports betting exchange for US players, Australia, Canada, Germany and India among other countries. Here, wagering is certified by the jurisdiction of Curacao, and in addition to regular cash, deposits and withdrawals are supported in a variety of digital currencies, including betting exchange in Bitcoin.
Another platform recommended for international traffic is SekaBet - a website with more than three years of experience. Here, in addition to games and the reviewed betting options, several other services are available, and the list includes instant bingo rooms.
Sometimes, you might be looking for a separate section, but it may just be a service within a Sportsbook lobby. Also, not all brands choose the same terminology to mark the service. Thus, at BetVictor, the sports section will offer PriceItUp software, which is a concept similar to exchange betting. This gambling destination has been offering services since 1996 in accordance with the United Kingdom Gambling Commission and the jurisdiction of Gibraltar.
Best Bonuses for Betting Exchange
Most frequently, you won’t find standalone bonuses for this type of a betting service. Depending, however, on whether you are looking for its games or Sportsbook variations, you will be able to claim a deal on promotional free bets or cash match for one or several initial deposits.
All deals have wagering requirements and age restrictions, as well as terms and conditions and deadlines. Depending on which of the listed platforms suits you the most, a promotional package will vary in terms of cash, bets, and the play-through terms.