Betting exchanges offer customers the opportunity to buy and sell on the outcome of a sporting event. Punters love wagering on betting exchange sites because they can trade in real-time throughout the event.
In the UK there are many betting exchange sites to choose from such as Betfair Exchange, Spreadex, Smarkets, Sporting Index and many more.
We’ve put a comparison table together of the top online betting exchange so you can see what welcome offers and bonuses to compare all the betting exchange options.
In our betting exchange comparison guide, we explain all the best features available and rate the best betting exchange sites recently updated in December 2022.
0% COMMISSION FOR 60 DAYS OR £20 CASH REFUND ON LOSSES
The Smarkets betting exchange allows you to back and lay with the best betting odds and lowest commission.
Use code COMMFREE to trade with 0% for 60 days OR code SMK20 to get a £20 / €20 cash refund. Min. £10/€10 first deposit only using Card or Instant Banking. Cash refund expires in 7 days.
BETDAQ is one of the market-leading exchange betting companies on all exchange markets in the UK.
New 18+ Customers only. 0% commission on all exchange sports for 100 days. Promo code 0COMM100 must be entered during registration. Offer only available to users who deposit via debit card. Standard 2% commission rate applies on 101st day. Not available to API, RDT or trading software customers.
Matchbook is a peer-to-peer betting exchange designed for smart bettors who want more value.
New customers only. Sign up using the bonus code ‘Matchbook30’. Place your first bet, if it loses, we will refund your first bet stake as a free bet. The first bet must be placed within 7 days of registration and at odds of 1.8 or more. The max refund is a single £30 free bet and will be applied to your account with 72 hours of qualifying bet settlement. 18+ only. BeGambleAware.
The above all represent the top betting exchange sites on the market today, many offering free bets to new customers, in-play betting on a range of markets and more.
What are Betting Exchanges?
Betting exchanges are betting against other gamblers in a peer-to-peer trading system.
It means punters can offer odds to and request odds from fellow punters on the exchange. You basically set your own odds with an exchange site. Which many find exciting and dynamic.
The betting exchange sites take a small fee for managing the trading system that allows punters to back or lay a selection (betting exchange commission rates).
Betting exchanges are becoming an increasingly popular and growing part of the gambling industry. They are gaining in popularity with many offering better odds and an experience that feels balanced and fairer.
How does a Betting Exchange work?
The difference with betting exchanges when compared to standard bookmakers is that they allow lay betting.
Lay betting is backing a selection to lose rather than win.
This means that every bet that is placed on a betting exchange essentially consists of two bets; the first bet is backing the selection to win and the second is backing the same selection to lose.
The option of placing means that it is easier for punters to get a return on a bet if the betting odds shorten after they’ve placed their bet. Betting exchanges operate on a simple premise.
Why Bet on Betting Exchange Sites?
The best betting exchanges have much better odds than traditional fixed odds bookies online. The spread betting on the betting exchanges gives punters the opportunity to win more money on singles or straight bets.
If you are looking to win big money payouts and willing to take risks then look no further than the best betting exchanges.
Betting exchanges cuts out the middle man in the betting market and you don’t need to worry about the online bookmakers large profits.
How many Betting Exchanges are there?
There are 5 betting exchanges in the UK these are:
Smarkets
Betfair Betting Exchange
BetDaq
Matchbook
Ladbrokes Exchange
Each has its own perks and mobile betting so follow the links and read more and check if they are suitable for your needs as opposed to fixed odds betting. There are some betting exchange offers for new customers who are opening a betting exchange account.
What are the Main Advantages of Exchange Betting?
The main advantage of exchange betting is:
The opportunity to place lay bets – a lay bet is placing a bet on a horse to lose rather than as winning bets.
The betting exchange odds are usually being better and more attractive than a standard bookie. This is because when a punter bets against a bookmaker, the bookmaker’s profit is factored into the prices they offer.
Losing bets are also not subject to charges.
Payment methods are varied and are what you would also expect from standard leading betting websites – this gives deposit funds a flexible outlook.
There are a range of betting markets to choose from when betting on the online betting exchanges as with most betting site.
Most of these perks apply to any betting exchange site.
Betting Exchanges FAQs
What are the Best Betting Exchange sites for customers residing in the United Kingdom?
The best UK betting exchange sites are:
Smarkets
Betfair
BetDaq
Matchbook
Ladbrokes
Check out of full review of these sites in our guide of the best betting exchanges sites. They are all covered by the UK Gambling Commission.
Do all bookmakers offer betting exchange sites UK?
Not all standard bookmakers offer betting exchanges, the bookies who do offer a betting exchange are Smarkets, Betfair, BetDaq, Matchbook, and Ladbrokes.
The Best Betting Exchange Betting Sites Review Summary
We hope you that you have enjoyed our Betting Exchange review.
We have looked at how betting exchanges work, a guide to exchange bets, the benefits over traditional bookmakers, the range of betting exchange markets, sports betting exchanges and more.
Exchange betting sites are limited to just five options at the moment but we expect more to come onto the market in the coming years. If you are looking for your first or a new betting exchange account then check out the ones listed up the page.
As the Co-Founder of British Racecourses, I love the chance to share my enjoyment of racing with others. As a family, we have always loved the racing and went to Haydock races as kids, as often as we could. We are now lucky enough to own some fantastic racehorses who we will follow around the tracks and we have had some great wins.
As part of British Racecourses, I enjoy visiting and reviewing the racecourses that we visit, all of which I think have something to offer and are brilliant in their own ways.
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Betfair’s Betting Exchange lets you bet against other people and get great odds on thousands of markets every day.
