Betting Exchange, commonly known as Betfair, is one of the largest betting exchanges in the world with over three million customers and a turnover of roughly £50m per week. The platform was developed by a company called Sporting Exchange which had been operating since the yearnings were collected in scraps.
By developing custom-designed software, Sporting Exchange was able to revolutionize the way punters bet on sports and other events.
Rather than allowing the punter to place a bet on a sports team or player, Betting Exchange allows the punter to place bets in support of and opposition to a selection.
The betting exchange platform is available to both new and existing gamblers. And, the process of depositing and withdrawing money is more simple than when using traditional bookmakers. Probably the most noticeable difference is the programmed software system that is more like a modern computer rather than an old-fashioned bookie.
ERS has become one of the most popular betting exchanges in the UK and the trend is growing rapidly. The company was formed in June 2000 and has since expanded into Australia, Europe, and parts of Asia. Their VIP program has more than three million members worldwide.
Doves are available for Betting Exchange members to back their selected selection, while booths are available to oppose bets that the user places.
Good value
When betting on horse racing, the best opportunity you can have is by placing a bet that you can expect to lose. However, it is possible to bet against a selection coming first. This is an attractive option because you could guarantee a profit even if your selection fails to win. If you are planning to use this or other betting exchanges, it is essential to choose a horse that
stays in the race for a suitable length of time. You need to indicate how much you are willing to bet when placing a bet and remember that you will be betting that selection to win.
To use this method, it is essential to place a bet on every race card. If you fail to do so, you will not win any of the bets you place and will not have money in your account to pay for your selections when you do bet.
If you know a lot about racing, horse racing betting, and betting on betting exchanges, then you could be able to spot “value” bets or “sure bets” and accumulate a profit.
freezes
It is generally not possible to bet against a selection to win or place in a betting exchange. As there are hundreds of different horse racing bets available, there are hundreds of thousands of different possible selections for you to back. Most betting exchanges operate a freeze on a horse racing betting selection and this could effectively be the end of your betting career. If the selection you back is 5/1 when the actual chance of the horse winning is 10/1, then it would appear to be a sure bet. In reality, you have backed the wrong horse. freezes soon as your selection does not win, pull out your money and stop betting on this selection. Again, you could be holding 5/1 when the real chance of the horse winning is still 50/1!
You may now see why “value betting” is essential to long-term profit. early pace for long-term profit, instead of concentrating on short-term racing profit, you should concentrate on long-term betting opportunities. By focusing on a race or match in the early stages, you will have more time on your side and less likely long-term risk.
However, even if you do your research and check out the market, sometimes something will pounce on you. There are times when nothing goes your way and you get unlucky. It takes a lot of discipline though, for even when you do everything perfectly “out heavy” you can still get the fictitious wake-up call.
If you are a newbie to betting exchange trading, you may want to first use your free betting exchange bets to get a feel of things, since it is unlikely you will get pounded as hard as this experience may cause you to bet against a selection. also, you may just want to bet in little bits and pieces since you don’t want to place long-term bets in a vulnerable position.
Whatever the motivation, the outcome of the gambling match is mainly dependent on the basis. If you succumb to it, you will probably be very disappointed if you are not fully intoxicated on the beer, and your match is soon canceled.
If you can’t resist yourself, bet the tote and see how it goes!
