Betting Exchanges Guide

The fastest growing sector of the online gambling industry today is undoubtedly betting exchanges and person to person betting. Unlike traditional bookmakers, betting exchanges such as Betfair and Betdaq do not offer their own sport betting.

Their approach, although simple, is nothing short of revolutionary - they provide a site which matches customers wishing to offer their own prices with those looking to place a bet. When you place a bet you are in fact betting with another punter.

Using Betting Exchanges

Betting on exchanges over a bookmaker such as VCBet is advantageous for several reasons. The most important is that the betting available can be as much as 20% better than a bookmaker. This is mainly due to the fact that most users do not incorporate a profit margin into their prices like a major bookmaker does.

As the number of users has increased on such sites so has the amount of betting opportunities available and you can often find special betting which is unique to person to person betting sites.

Betting appears earlier, stays on the site longer (in-running horse racing is one example) and once many users experience what Betdaq offers they usually become frequent visitors.

The biggest selling point for a betting exchange though is simply that they allow any user to become a bookmaker themselves. In being able to offer your own prices you can begin to make money when other people lose.

If you don't fancy a certain team or horse - you can offer a price on them to get beat and make money if you are right.Although at first the sites may seem daunting and contain a lot of new features, after a few minutes using a betting exchange such as Betfair they become great fun. Basically using such sites is as follows:

  • Choose the event or game
  • Choose the price
  • Choose to lay or back
  • It really is that simple!

Though you can offer your own prices much like a bookmaker you don't run the risk of being hammered on bad results. You can set your own maximum payouts and once this amount is reached no more money comes out of your account.

When you offer a price you are asked what you are willing to lay so you can manage your liability quick and easily. For example if you offer a price on an event at 10/1 and your only prepared to lose a maximum of £500 no more bets will be taken after you have had your first £50 matched. You define your own payouts!

Betdaq Betting Exchange


£20 Risk Free First bet

New customers only, limited to one per person. If you’ve previously had a Paddy Power account, you will not qualify for the offer. Place your FIRST bet on any Sportsbook market and if it loses we will refund your stake in CASH. Max refund for this offer is  £20. Only deposits made using Cards or Paypal will qualify for this promotion. T&Cs apply. Paddy's Rewards Club: Get a  £10 free bet when you place 5x bets of  £10+. T&Cs apply.


BET HERE
£20 Risk Free First bet

New customers only, limited to one per person. If you’ve previously had a Paddy Power account, you will not qualify for the offer. Place your FIRST bet on any Sportsbook market and if it loses we will refund your stake in CASH. Max refund for this offer is  £20. Only deposits made using Cards or Paypal will qualify for this promotion. T&Cs apply. Paddy's Rewards Club: Get a  £10 free bet when you place 5x bets of  £10+. T&Cs apply.


Bet £10 Get £30 in Free Bets

New William Hill online customers only. Min. unit stake of £10 at odds of 1/2 or greater. Only the 'win' part from EW bets will count. Free bet terms, payment method & country restrictions apply. Free bets credited as 3 x £10. Free bet stakes are not returned as part of the settlement of successful free bets. All Free Bets must be wagered within 30 days.


BET HERE
Bet £10 Get £30 in Free Bets

New William Hill online customers only. Min. unit stake of £10 at odds of 1/2 or greater. Only the 'win' part from EW bets will count. Free bet terms, payment method & country restrictions apply. Free bets credited as 3 x £10. Free bet stakes are not returned as part of the settlement of successful free bets. All Free Bets must be wagered within 30 days.


Up to £100 in bet credits

Open Account Offer

Up to £100 in Bet Credits for new customers at bet365. Min deposit £5 and 1x settled bet requirement to release Bet Credits. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply.


BET HERE
Up to £100 in bet credits

Open Account Offer

Up to £100 in Bet Credits for new customers at bet365. Min deposit £5 and 1x settled bet requirement to release Bet Credits. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply.


Bet £10 Get £30

Only available to new customers from UK & Northern Ireland. You must stake £10 or more at single/cumulative odds of Evens (2.0) or greater on your first bet. Free bet balance of £30 credited within 48 hours of your first bet being settled. Free Bets expire after 7 days. E-Wallet restrictions apply. Minimum 5 game rounds. Game restrictions apply. Maximum 30 Free Spins on selected games. Free Spins expire after 7 days. Full T&Cs apply.


BET HERE
Bet £10 Get £30

Only available to new customers from UK & Northern Ireland. You must stake £10 or more at single/cumulative odds of Evens (2.0) or greater on your first bet. Free bet balance of £30 credited within 48 hours of your first bet being settled. Free Bets expire after 7 days. E-Wallet restrictions apply. Minimum 5 game rounds. Game restrictions apply. Maximum 30 Free Spins on selected games. Free Spins expire after 7 days. Full T&Cs apply.


Bet £5 Get £30

New Customers Only. Deposit via Credit/Debit card only and bet £5 @ odds 2.0+ within 7 days of registering; Cashed out bets excluded. Get 2x £10 free bets, valid for set types (1 @ odds 2.0+ or greater) & a £10 casino bonus, wagered 40x to withdraw; Bonuses expire in 7 days; Geographical restrictions apply. Click for T&C’s. 18+|begambleaware.org.


BET HERE
Bet £5 Get £30

New Customers Only. Deposit via Credit/Debit card only and bet £5 @ odds 2.0+ within 7 days of registering; Cashed out bets excluded. Get 2x £10 free bets, valid for set types (1 @ odds 2.0+ or greater) & a £10 casino bonus, wagered 40x to withdraw; Bonuses expire in 7 days; Geographical restrictions apply. Click for T&C’s. 18+|begambleaware.org.


£35 new customer offer

New UK & NI Customers. 18+. Stake from £5 to £25 on any Sportsbook market for the first time, at odds of evens (2.0) or greater and get a matched Free Bet within 24 hours of settlement, 7-day expiry. Stake £10 on any Totepool bet for the first time and receive £10 back in cash within 24 hours of settlement. E-Wallet and Prepaid Card restrictions apply. SMS validation may be required. Full T&Cs Apply.


BET HERE
£35 new customer offer

New UK & NI Customers. 18+. Stake from £5 to £25 on any Sportsbook market for the first time, at odds of evens (2.0) or greater and get a matched Free Bet within 24 hours of settlement, 7-day expiry. Stake £10 on any Totepool bet for the first time and receive £10 back in cash within 24 hours of settlement. E-Wallet and Prepaid Card restrictions apply. SMS validation may be required. Full T&Cs Apply.