As a sports bettor, you are always looking for better odds. One of the ways to do this is to trade odds. Specifically, do you have to fall in love with betting exchange platforms?

What is a Betting Exchange platform and what does it do?

The expression Betting Exchange would be a confidential and anonymous betting exchange site between players. This mechanism has the advantage of allowing the bettor to enjoy much more attractive odds than those commonly offered by conventional betting sites

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First, it should be noted that usually the various bookmakers charge a certain commission on the bets suggested to players and also on the winnings eventually generated. The commission of Betting Exchange sites is usually lower than that of bookmakers, so the odds come back more attractive and you win more.

Thanks to the Betting Exchange, you have the reflex to refine your bet, the reflexes of the bookmakers come to you. The major limitation of Betting exchange sites is that you have to wait until other players are ready to exchange odds with you. Only then can you try your luck and possibly make some money.

Advantages and disadvantages of Betting Exchange sites

Betting Exchange platforms essentially work through the back and lay principle. The "lay" feature is particularly innovative here since if you bet on a soccer league with a bookmaker, you bet on this or that team winning. In contrast, on Betting Exchange sites, the "lay" function allows you to predict "I don't think it's this or that other team" and that makes you money. This is not possible with conventional bookmakers. To bet on the top scorer of a league, you need to have your little idea of who it can be. In the case of Betting Exchange sites, you can bet and say: "I don't think it's this one or that one".

The other advantage is that on Betting Exchange sites, there is no possibility to cancel your bet from the moment it is validated and processed. Yet, bookmakers can cancel some bets if they see that the volume of money involved is large.

A disadvantage of the Betting Exchange is that you don't always have the option of making combined bets. Also, the odds move quite fast on these platforms, which is why you need to be quite vigilant.

What to remember

Clearly, it should be said that there is no clear answer to the question of whether it is better to trade sports odds or not. In any case, whether you adopt a bookmaker or turn to Betting Exchange platforms, you will have advantages and face some challenges. It's up to you to know how to combine the two tools to optimize your sports betting performance.

In any case, the best place to do odds trading is on brokers. They offer you access to several Betting Exchange platforms like Betfair or Matchbook.