One of the first questions on a lot of customers' minds is "what is a betting exchange?". The simple answer is that in a betting exchange it is not you betting against the bookmaker, like the traditional form of betting, but instead you are betting against other customers, who come to an agreement with you as to what odds you will get. For a betting exchange market to be successful, you need a sufficient number of customers using this betting type.
New customers only. Min £10 first bet at odds 1.5+ within 30 days of registering. Free bets valid 7 days. Card payments may only qualify. 18+. begambleaware.org.
New customers only. Min £10 first bet at odds 1.5+ within 30 days of registering. Free bets valid 7 days. Card payments may only qualify. 18+. begambleaware.org.
New customers only. Min £10 first bet at odds 1.5+ within 30 days of registering. Free bets valid 7 days. Card payments may only qualify. 18+. begambleaware.org.
New customers only. Min £10 first bet at odds 1.5+ within 30 days of registering. Free bets valid 7 days. Card payments may only qualify. 18+. begambleaware.org.
New customers only. Min £10 first bet at odds 1.5+ within 30 days of registering. Free bets valid 7 days. Card payments may only qualify. 18+. begambleaware.org.
New customers only. Min £10 first bet at odds 1.5+ within 30 days of registering. Free bets valid 7 days. Card payments may only qualify. 18+. begambleaware.org.
New customers only. Min £10 first bet at odds 1.5+ within 30 days of registering. Free bets valid 7 days. Card payments may only qualify. 18+. begambleaware.org.
New customers only. Min £10 first bet at odds 1.5+ within 30 days of registering. Free bets valid 7 days. Card payments may only qualify. 18+. begambleaware.org.
New customers only. Min £10 first bet at odds 1.5+ within 30 days of registering. Free bets valid 7 days. Card payments may only qualify. 18+. begambleaware.org.
New customers only. Min £10 first bet at odds 1.5+ within 30 days of registering. Free bets valid 7 days. Card payments may only qualify. 18+. begambleaware.org.
New customers only. Min £10 first bet at odds 1.5+ within 30 days of registering. Free bets valid 7 days. Card payments may only qualify. 18+. begambleaware.org.
New customers only. Min £10 first bet at odds 1.5+ within 30 days of registering. Free bets valid 7 days. Card payments may only qualify. 18+. begambleaware.org.
New customers only. Min £10 first bet at odds 1.5+ within 30 days of registering. Free bets valid 7 days. Card payments may only qualify. 18+. begambleaware.org.
New customers only. Min £10 first bet at odds 1.5+ within 30 days of registering. Free bets valid 7 days. Card payments may only qualify. 18+. begambleaware.org.
The more customers betting on a particular exchange market, the higher the odds available — which is great for customers and is why you preferably want an exchange with a large customer base.
Back betting, in its simplest form, is betting on an outcome to occur. For example, you might back England to win the next World Cup.
When you lay a bet in an exchange market, you are going against what the person backing the bet is predicting, so you win their stake if the outcome does not occur.
Because you are playing against fellow customers rather than the bookmaker, exchanges charge a small commission fee on your net winnings from each market.