Sports betting exchanges are betting marketplaces that allow customers to bet on the outcome of sporting contests and other events. They are identical to sportsbooks in this basic function but have several key differences from standard online bookmakers. Most betting exchanges allow players to trade in real-time, similar to live betting options.
A betting exchange is marketplace that allows bettors to wager against each other at lower fees than those offered by a traditional sportsbook. Two customers agree on the odds and stake for a given game, and bet against one another. I may offer a $50 bet on Packers -3 against the Cowboys, and another user on the exchange can accept my offer and bet Cowboys +3.
Betting exchanges are run on websites which work in a similar way to most sports betting sites. Before you can start betting, you have to open an account and deposit funds. You’ll then be able to login to your account and see all the various sports that are covered, and the available betting markets.
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SAT Sport is a sports betting exchange community, driven by cutting edge technology and a focus on offering value back to our customers. We actively encourage our thinking to be focused on innovation so we can constantly improve and enhance our product. Our goal is to provide a best-in-class platform so our users can have the ultimate online gaming experience.
The betting exchange takes a commission on winning bets. In other words, betting exchanges make money by charging you a commission on top of any profit you might make. The commission usually ranges from about 2 – 5%. An exchange, essentially, is a platform where you can take or place bets. One of the biggest benefits is that, unlike traditional sportsbooks, an exchange doesn’t rely on betting margins in order to clear a profit.
Betting exchanges in the US. The sports betting market in the US is gaining momentum daily. Whilst there are further challenges for betting exchanges to overcome, operators are already taking the required steps to test the water. All in all, betting exchanges are slowly making their way into the US market. It won’t be long before you can place bets at an exchange like Betfair or Smarkets in states with the required legislation. What are your thoughts of betting exchanges in the US?
The platform is well marketed, comes with an associated sportsbook and you can get your bets on with your eyes closed such is the way the website is structured. Betfair exchange, supported by its traditional betting site, pushes plenty of offers your way.