1. 01-20-15 11:26 PM #1
    shermanator
    shermanator's Avatar Become A Pro!
    Join Date: 02-27-10
    Posts: 510
    Betpoints: 2973

    Betting Exchanges

    Can someone give me a list of reputable betting exchanges? How do they work?
    Reply With Quote Reply With Quote
  2. 01-20-15 11:35 PM #2
    Hareeba!
    Hareeba!'s Avatar Become A Pro!
    Join Date: 07-01-06
    Posts: 33,288
    Betpoints: 20531

    Quote Originally Posted by shermanator View Post
    Can someone give me a list of reputable betting exchanges? How do they work?
    There are really only two worth bothering with: Betfair and Matchbook

    You don't bet against the house but against other punters who hold an opposing view to you.

    The exchange takes a commission on the deal. Betfair from the winner, Matchbook from both the winner and the loser.
    Reply With Quote Reply With Quote
  3. 01-20-15 11:36 PM #3
    Optional
    Optional's Avatar Moderator
    Join Date: 06-10-10
    Posts: 57,806
    Betpoints: 9216

    Betfair and Matchbook

    They work by members bidding for prices they want to bet for or against an event.

    If you are in a country where Betfair operates you can probably attend a free beginners course. They are helpful to get started.
    Reply With Quote Reply With Quote
  4. 01-21-15 01:33 AM #4
    sheepgotwool
    sheepgotwool's Avatar Become A Pro!
    Join Date: 12-18-14
    Posts: 337
    Betpoints: 6429

    If you live in the USA (the land of no fun) than you are out of luck. No betting exchange since the day after the super bowl 2013 . Can't believe i made it this long without one. Don't know if i will ever have a chance to play again at a betting exchange. Betting exchanges make sports betting a heck of a lot more interesting. Better returns, better odds, live wagering to the extreme with dumb punters leaving up stale odds, and much more. Also sometimes with horse racing the site doesn't close the odds quick enough and you can cherry pick odds during the race. I know people call it past posting but it is one heck of a rush. With betting exchanges you as the bettor can make your own odds . With regular generic sport books they try to rip you off on the juice/vigorish. Vigorish will hurt a novice/mediocre bettor because mathematically they are behind the 8 ball. All sport books should go replace their sites with betting exchanges and the world would be a better place.
    Points Awarded:

    Foosball Champ gave sheepgotwool 2 Betpoint(s) for this post.

    Reply With Quote Reply With Quote
  5. 01-21-15 02:29 AM #5
    Hareeba!
    Hareeba!'s Avatar Become A Pro!
    Join Date: 07-01-06
    Posts: 33,288
    Betpoints: 20531

    Quote Originally Posted by sheepgotwool View Post
    If you live in the USA (the land of no fun) than you are out of luck. No betting exchange since the day after the super bowl 2013 . Can't believe i made it this long without one. Don't know if i will ever have a chance to play again at a betting exchange. Betting exchanges make sports betting a heck of a lot more interesting. Better returns, better odds, live wagering to the extreme with dumb punters leaving up stale odds, and much more. Also sometimes with horse racing the site doesn't close the odds quick enough and you can cherry pick odds during the race. I know people call it past posting but it is one heck of a rush. With betting exchanges you as the bettor can make your own odds . With regular generic sport books they try to rip you off on the juice/vigorish. Vigorish will hurt a novice/mediocre bettor because mathematically they are behind the 8 ball. All sport books should go replace their sites with betting exchanges and the world would be a better place.
    I'd like to see a global betting exchange with all the leading sportsbooks just competing for business on there.
    Only one account needed.
    Reply With Quote Reply With Quote
  6. 01-21-15 03:49 AM #6
    Art Vandeleigh
    Art Vandeleigh's Avatar Become A Pro!
    Join Date: 12-31-06
    Posts: 1,494
    Betpoints: 459

    There is a bitcoin site called Predictious that has some sports betting in exchange form. It's actualy a prediction site with a variety of different type bets (economics, entertainment, news events, politics, etc). It's still pretty small now, but if some more people show up they may be willing to add a daily sport type exchange. Since it's bitcoin only, they accept anyone from anywhere.
    Reply With Quote Reply With Quote
  7. 01-21-15 07:34 AM #7
    Playon
    Playon's Avatar Become A Pro!
    Join Date: 12-19-14
    Posts: 110
    Betpoints: 43

    I'm using Smarkets too. If 50-200€ stakes/bet is enough, then open accounts to Betfair, Matchbook and also Smarkets. I dont see reason to open an account just in one place. Should be searching for the best odds instead of best house. Matchbook has 25€£$ new account offer, Smarkets 10€£$, Betfair certainly has offers too. Betdaq maybe worth trying as well. However, for highrollers Matchbook is the place to be. Betfair getting weaker but still okey.
    Reply With Quote Reply With Quote
  8. 01-21-15 08:46 AM #8
    1912georgebest
    1912georgebest's Avatar Become A Pro!
    Join Date: 01-21-15
    Posts: 3
    Betpoints: 12

    Quote Originally Posted by Playon View Post
    I'm using Smarkets too. If 50-200€ stakes/bet is enough, then open accounts to Betfair, Matchbook and also Smarkets. I dont see reason to open an account just in one place. Should be searching for the best odds instead of best house. Matchbook has 25€£$ new account offer, Smarkets 10€£$, Betfair certainly has offers too. Betdaq maybe worth trying as well. However, for highrollers Matchbook is the place to be. Betfair getting weaker but still okey.
    Smarket looks like a good option for small stakes and football. There aren't a diversity of sports to choose from with Smarkets.
    Reply With Quote Reply With Quote
  9. 01-21-15 10:53 AM #9
    caveira
    caveira's Avatar Become A Pro!
    Join Date: 08-07-11
    Posts: 532
    Betpoints: 1004

    Betfair, Betdaq, Matchbook, Smarkets.
    Reply With Quote Reply With Quote
  10. 01-21-15 11:17 AM #10
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    Quote Originally Posted by caveira View Post
    Betfair, Betdaq, Matchbook, Smarkets.
    smartmarkets good if you like betting $10 on a market
    Betdaq very small time..horses and soccer ok but just UK markets

    matchbook basically a low juice book

    Betfair only real true liquid betting exchange
    Reply With Quote Reply With Quote
  11. 01-21-15 02:07 PM #11
    superhans
    superhans's Avatar Become A Pro!
    Join Date: 01-29-14
    Posts: 173
    Betpoints: 114

    Barcelona game. Barce @ 1.5

    Matchbook - £32k available
    Smarkets - £18k available
    Betfair - £15k available

    Smarkets isnt as bad as people make out.
    Reply With Quote Reply With Quote
  12. 01-22-15 12:04 AM #12
    HarmersHaven
    HarmersHaven's Avatar Become A Pro!
    Join Date: 06-01-14
    Posts: 14
    Betpoints: 0

    Citibet = best for racing.
    Reply With Quote Reply With Quote
  13. 01-22-15 01:18 AM #13
    Hareeba!
    Hareeba!'s Avatar Become A Pro!
    Join Date: 07-01-06
    Posts: 33,288
    Betpoints: 20531

    Quote Originally Posted by HarmersHaven View Post
    Citibet = best for racing.
    Certainly worth having if into racing.
    Particularly for HK which Betfair doesn't cover.
    Reply With Quote Reply With Quote
  14. 01-22-15 08:07 AM #14
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    is SMARKETS growing???
    Reply With Quote Reply With Quote
  15. 02-21-15 06:32 AM #15
    justlaw
    justlaw's Avatar Become A Pro!
    Join Date: 02-21-15
    Posts: 83
    Betpoints: 378

    what about matchbook? they are reliable?
    Reply With Quote Reply With Quote
  16. 02-21-15 02:34 PM #16
    Hareeba!
    Hareeba!'s Avatar Become A Pro!
    Join Date: 07-01-06
    Posts: 33,288
    Betpoints: 20531

    Quote Originally Posted by justlaw View Post
    what about matchbook? they are reliable?
    yes
    Reply With Quote Reply With Quote
  17. 02-21-15 05:19 PM #17
    SeahawkSanders
    SeahawkSanders's Avatar Become A Pro!
    Join Date: 09-30-08
    Posts: 150
    Betpoints: 366

    I miss Matchbook…so much.
    Reply With Quote Reply With Quote
  18. 02-21-15 05:32 PM #18
    sheepgotwool
    sheepgotwool's Avatar Become A Pro!
    Join Date: 12-18-14
    Posts: 337
    Betpoints: 6429

    matchbook took a dump on US customers ! They can go blank themselves !
    Reply With Quote Reply With Quote
  19. 02-21-15 05:34 PM #19
    Hareeba!
    Hareeba!'s Avatar Become A Pro!
    Join Date: 07-01-06
    Posts: 33,288
    Betpoints: 20531

    Quote Originally Posted by sheepgotwool View Post
    matchbook took a dump on US customers ! They can go blank themselves !
    Your anger is misdirected.
    It's your government which is to blame for Pinnacle, Matchbook, Greek, Neteller and Skrill leaving.
    Reply With Quote Reply With Quote
  20. 02-22-15 06:32 AM #20
    tommygun
    Hareeba! for Prime Minister
    tommygun's Avatar Become A Pro!
    Join Date: 07-01-10
    Posts: 2,239
    Betpoints: 638

    dont get me started on smarkets.....
    they have rich owners, they have the advertising, the site is ok.
    but no one uses the fkn thing!
    Reply With Quote Reply With Quote
  21. 02-22-15 10:33 AM #21
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    Quote Originally Posted by tommygun View Post
    dont get me started on smarkets.....
    they have rich owners, they have the advertising, the site is ok.
    but no one uses the fkn thing!
    thread over

    ......no idea why they are even operating its a waste
    Reply With Quote Reply With Quote
Top
« Previous Thread | Sportsbooks & The Industry | Next Thread »