Betting Exchange Live Guide

Betting exchanges are a huge part of the gambling industry and are many punters’ first choice when it comes to placing their bets.

Here, we give you all the key information you need to know about using a live betting exchange.

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Betting Exchange Live: The Best Enhanced Experience

A betting exchange offers a different experience to fixed odds betting as prices undergo greater, more frequent fluctuations due to the direct competitive nature of betting on an exchange.

 

Rather than betting against a bookmaker, you are directly betting against another punter who has to lay your bet. When betting with fixed odds bookmakers, you are limited by the odds they set, whereas on the exchange, you can set the odds you wish to bet on. There are two different ways to bet on a betting exchange:

  • Back bet: Similar to betting with a fixed odds bookmaker, a back bet involves choosing a selection to win a certain event.
  • Lay bet: A lay bet is a unique feature of exchange betting that essentially makes you the bookmaker, betting against a selection.

What is the Live Betting Exchange?

Live exchange betting involves the processes above but in play. You can back and lay bets in real-time against other players, adding to the thrill of the action. It works in the same way as a normal betting exchange, with odds displayed in decimal form, for example, 6.00. The only difference is that you are betting in-play, or in-running, rather than before the event has started.

 

Fixed odds betting markets are frequently suspended during the action, which can be frustrating for bettors who spot in-play opportunities and want to be able to bet quickly and efficiently. This is where live betting exchanges have the upper hand, with live odds changes and greater in-play accessibility.

Three Examples of Betting Exchange Live

You can use a live betting exchange to place bets on most major sporting events. Live betting exchanges are most commonly associated with horse racing and are a popular option for fans of the sport.

 

Here are three examples of how to use a live betting exchange:

 

Horse racing: Placing a bet in-running is the most common use for live betting exchanges. Likely outcomes begin to unfold throughout a horse race and many bettors with a trained eye for the sport choose to bet in-running, trusting their knowledge to predict how the race will play out and find extra value.

Golf: Due to the length of each event and the ever-changing leaderboards, golf is a popular sport for live exchange betting. Live betting exchanges provide hole-by-hole updates to their odds which bettors can look to utilize if they notice a player beginning to get on a roll!

 

Football: Live betting exchanges offer the opportunity to bet in-play on football, with markets on the biggest games ranging from the match result to anytime goalscorers. Punters who are watching a match and begin to notice trends may look to take advantage of that by betting on relevant selections on a live betting exchange.

How to Place a Bet on a Live Betting Exchange Site

Placing a bet at a betting exchange site can be a very simple process. Similar to betting with fixed odds bookmakers, you simply need to decide which event you want to bet on, locate the event on the betting exchange site, locate the relevant market within the event, and then select to either back or lay your selection depending on what is available at the time.

 

It is important to ensure you find the best betting exchange site for your needs before placing your live betting exchange bets. MadMarket’s Edge platform brings a range of top betting exchanges, including Betfair and Betdaq, onto one site, making it far easier to choose the right one.

Which Are the Best Live Betting Exchanges in MadMarket?

On MadMarket, you have a choice of three standout live betting exchanges, each with their own unique strengths.

 

Sharp Exchange has carved out a reputation as an innovative player in the market since forming. It boasts exceptional betting odds and a live betting platform that enhances the overall user experience. For seasoned bettors, its terms and fees are hard to beat. Sharp Exchange provides ample variety for everyone, with over twenty sports to bet on from mainstream options like football, cricket and tennis, to niche choices such as athletics and badminton.

 

Access to the Betfair Exchange is also available. Since 2000, Betfair has maintained its position at the top and continues to dominate even after 25 years. It offers an extensive range of events and competitions, particularly excelling in football markets, whether it be live or in advance of a game. If you’re a football fan, you’ll appreciate the vast array of options available, along with competitive odds.

 

If high liquidity and low commission is what you are looking for, then Betdaq Exchange is the place to be, especially with their commitment to not limiting winners, which is often a concern for serious bettors. Among its offerings, Asian Handicaps stand out as the most popular market, providing competitive odds in top football leagues and ensuring quick bet settlements.

 

In summary, if you want a fresh and versatile experience, Sharp Exchange might be your best bet. For an established platform with a large variety of options, Betfair Exchange is unrivaled. When it comes to low commissions and a user-friendly approach, Betdaq is the way to go. Ultimately, the best choice depends on your personal betting preferences and what you value most.

Pros & Cons

One of the main reasons bettors side with live exchange betting as opposed to in-play betting with fixed odds bookmakers is that the odds generally tend to be greater with the former.

Platforms such as Probet42, a Pinnacle Sports white label, offer these better odds and is recognized as a top Asian bookmaker with better odds.

Fixed odds are designed to try and ensure the bookmaker makes a profit no matter what the result, whereas betting exchange sites make profits from commission rather than overrounds, so are able to offer better, fairer odds.

Overround is the sum total of all the odds on the outcome of an event.

The  Mystic Mac tipster on our Telegram channel can help provide you with useful tips to make sure you stay on a profitable path.

The lack of limitations or staking restrictions also makes live exchange betting a popular option with more experienced bettors.

 

This is also another advantage of MadMarket’s Edge Platform, which will never restrict players or close accounts simply because they are winning.

 

That said, with freedom comes responsibility. Ensure you gamble responsibly and have a clear staking plan.

 

One downside of live exchange betting is that it can sometimes lead to placing rushed, uninformed bets. The accessibility and ease of placing bets can cause players to make emotional betting decisions in the spur of the moment while watching an event.

 

Ensure you are placing all bets with good reasoning and in line with your staking plan to ensure a profitable strategy.

Conclusion

In summary, it is easy to see why live exchange betting is such an enticing prospect, given how much excitement it can add to any event, with the ability to make real-time betting decisions based on your own expertise.

 

Increased odds and flexibility is always going to be a positive for the bettor.