Sportsbetting Exchanges & Online Sportsbook

Sportsbetting exchanges are a breed of betting forums that have crept onto the gambling scene.
This is an industry whose novel approach to betting has set the stage for what would ultimately be a sportsbetting coup.
Sports wagering has traditionally been made through bookmaking services, which is a service or a person that is set up to take bets, collect from losers and to payoff winners.
These person-to-person sites have turned the wagering world upside down letting gamblers confront one another rather than the house. It’s up to you decide which is better for you via this Learn Sportsbetting lesson.

Traditional Sportsbooks vs. SportsBetting Exchanges  
At their most basic levels, the two formats are:   

Sportsbooks
A sportsbook is an organization that accepts wagers on sporting events but that is not their only limitation.
These services will literally take bets on just about anything that you can bet on. In order to provide their services to gamblers, bookmakers will charge a small commission on all losing wagers.
The commission will range from the typical 10% to as low as 5%. Following the posted event, the bookmaker will pay the winners according to pre-determined values or odds.

Sportsbetting Exchanges
A sportsbetting exchange manages wagers between gamblers directly. They allow the bettors to either act as a book themselves by setting things up to earn a profit through others or they will search for the best possible odds courtesy of another bettor.
The bettors are involved only with one another and not the house and the exchange takes no direct interest in any of the wagers. Rather, they make their profit by charging a commission that is calculated as a percentage of the net winnings for each customer on each event. Most times this commission is 2% or less.

There are a variety of benefits offered by the online sportsbooks.
For example, the larger books will provide bettors with an extremely wide range of events that includes just about every minor and major event around the world.
They also offer a diverse range of betting opportunities that include reverse bets, round robins, futures, propositions, straight bets, parlays, teasers, if-bets, etc.
The better sportsbooks will also tend to offer their players much more in terms of incentives than their competitors do.
These incentives can take many different forms including sign up bonuses, VIP points, ½ juice specials, and referral bonuses.
In ideal cases, the book will also feature a combination of incentives on a recurring basis such as monthly deposit bonuses so punters can perpetually supplement their bankroll.

Also, the traditional online sportsbooks are relatively easy to use and simple to navigate. They generally tend to come complete with a host of resource options and links that are able to assist gamblers in making informed decisions as to what they should and should not do.
Similar to their more traditional counterparts, you will find that sportsbetting exchanges have their own set of special benefits as well.
Punters can back their selection just as they would with a traditional bookmaker but they can expand to ‘lay’ a price. That is to say that they can bet against a team winning, as opposed to them betting that they will win.
One other item that punters can do when it comes to specific bets, is that they are free to ask for a better price than that which is offered to them, hoping that someone will come along and match the request.
Moreover, the odds that are available on a betting exchange are frequently superior to what is offered by the traditional bookmaking services despite the commission that is charged.

Another advantage of the SportsBetting exchanges is the ability to alter one’s position during a long-term event. 
For instance, if you backed team X for $10 at 16-1, later you could lay them at 2-1 in order to guarantee a profit.  
You could offer $30 of your potential profit in order to win $15 if they fail, thus covering your initial $10 stake.
Therefore, your first bet of $10 would return $160 with a win. 
In the case where you are laying team X for $15 of your opponent’s money to $30 of your own, team X’s loss would earn $15. 
When both bets are totaled, the result will either be a $130 profit with team X victory ($160-$30=$130) or a $5 profit (-$10+$15=$5).

There is a downside however as betting exchanges can face restrictions that may limit a bettor’s opportunities. 
For example, sportsbetting exchanges are not suited to un-restricted multiple parlay betting.
Major exchanges like Betfair do offer accumulators of their own content but these are typically limited.
The exchanges also tend to restrict the odds that can be offered to between 1-100 and 999-1. 

In conclusion, there are both ups and downs associated with both online sportsbooks and sportsbetting exchanges—both of them are excellent but neither is perfect.
You have to examine a variety of different sites and get a feel for how each one works, then choose the one that suits you the best.

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