Difference between bookmakers and betting exchanges

[p.arena]

Hi All,

I’m currently putting together some information about the differences between betting exchanges and bookmakers, both from the perspective as a bettor as well as an affiliate.

I'm interested to know what the general knowledge is of most people in the industry, so thought it would be worthwhile to start a poll and see what the response was like and how much the average person already knows.

Thanks in advance for those that participate in the poll and those that reply in the thread, I look forward to the results.

Cheers!

[JackTenSuited]

As a gambler I use them for sports betting singles as the odds are usually better, as an affiliate I find it hard to push them as earning % on commission of winning bets isn't much of an incentive.

[DanHorvat]

I generally look at betting exchanges only through the quality of the odds for single betting, and I know there are ways to green out but I think that's reserved for very skilled individuals. It's trading, not betting, and that's a whole different ball game.

I'd be interested to know more.

[chaumi]

I'd say I have a very strong grasp of differences having used both extensively for betting purposes over many years.

[PromoteCasino]

I use both the exchange and sports book at Betfair. If i back singles i tend to stick to the exchange but for multiples i use the sports book because of BOG. My betting patterns tend to be to back instead of lay. Although i have been successful on laying some golf bets that i have backed at up to 1000/1. Just to secure a decent profit win or lose!!!

But with the introduction of cash out on both mediums it does takes the stress of laying a bet out.

[BettingGods]

Other guys have already touched on it but exchanges seems much more targeted and setup for traders.
Would love to see WBX become a BIG player as an exchange.

[p.arena]

Thanks BettingGods appreciate the kind words, we are working on growing the exchange and have a lot of ideas in the works.


It's true that trading is a big part of the activity on the exchange but I find there's a lot of casual punters that sign up and use it like a normal sportsbook.


That's why we offer the sportsbook view and the exchange view to cater for both.