It’s not an exaggeration to say that exchange betting offers opportunities to make profits that few other industries can claim. It affords gamblers , in a sense, the chance to become full-fledged bookmakers because they can place their wagers on their own terms. While everyone seems to agree that this form of investment can be lucrative, mastering its technicalities can be difficult.
This realization, in addition to the difficulties that many people experience in choosing the right betting exchange site, explains why some bettors who are eager to experiment with trading bets ending up losing money. Finding the right operator constitutes, in a manner of speaking, the most important step towards starting your betting exchange experience off on the right foot. In this article you’ll find a few paths to help you make a sensible choice.
Key criteria for finding the best betting exchange sites
The main thing to remember when it comes to selecting an exchange betting site is that much depends on the degree of liquidity in the markets where punters want to start betting. If a betting exchange platform has an inconsistent cash flow then it would be a waste of time because it’s unlikely that punter’s bets could find a decent price match .
Despite their great ambitions, new operators arriving on the betting exchange market can be limited in terms of their cash flow. In general, it’s not worthwhile getting involved with them until they have established their client base. In the interim, it might be preferable to rely on already well-known platforms because it will simply make things easier.
In terms of notoriety, Betfair is undeniably the leader since it’s already been a force on the market for a number of years now. They boast a large community of bet traders which ensures them considerable liquidity in most markets. Just by examining the that way prices and stakes have been steadily increasing is enough to see this system’s potential for making profits.
Compared to Betfair, Smarkets, one of the newest operators in the industry, may not yet be able to rival their liquidity, but they’ve quickly gained in popularity as a result of only charging a 2% commission on winnings, whereas Betfair charges 5%. This can make a big difference for gamblers who are concerned about making an overall consistent profit.
Betdaq is another platform that’s worthwhile for making betting exchanges. Long considered as number 2 in the market after Betfair (although the rise in popularity of Smarkets may cost them that position), this site not only has considerable solvency but it also offers a competitive rate of commission which has recently been reported to be at 2%.
Consider the authorized payment methods available
While choosing a betting exchange platform, it’s important not to overlook the issue of accepted payment solutions for making deposits and withdrawals. And for good reason, because it may mean delays which can have a major influence on the quality of your bet trading experience.
If you use a card or bank transfer for example, you may be required to wait up to five working days for funds to reach your account, which will slow down your activities considerably. On the other hand. If the option to use e-wallets like Skrill or Neteller is available, transactions are processed more quickly, usually in a few hours.