With the betting exchange or p2p, you have the opportunity to bet against other players on specialized online bookmaker sites. The undeniable advantage is that the odds offered are much more advantageous than the odds displayed in a bookmaker.
The other advantage, too, is that with a little luck, you can come across a “crazy-crazy bettor” who bet wrong and through, and believe us, there are “cases” on the “exchange” sites, as you can see at gdwbetthailand !
The exchange is a type of bet comparable to online poker sites. Indeed, when you are at a poker table, you bet against other players and not against the bank of the poker site.
Betting Exchange Site
A betting exchange site is a site that operates on the same principle as bookmakers, except that the bookmakers are the players themselves. You can either bet online against a bettor (as usual, by selecting the odds proposed), or take the role of a bookmaker and fix the odds you offer and the amount.
All this is extremely simple and is happening on an exchange site, which of course ensures you receive your winnings immediately. Indeed, the exchange site checks the amount of players’ accounts before betting to ensure payments. In fact, it serves as a trusted third party.
Your Winning Odds
The odds offered on exchange sites are significantly higher than those of bookmakers (around 10-20%). But you will have to withdraw from these gains a percentage, between 2 and 5% according to your gain, which represents the commission of the site of betting exchange.
Despite this, betting online on exchange sites, remains very interesting financially: the commission of a “classic” bookmaker is between 10 and 20%.
Before 2006, you could not bet in single bet mode. Since 2007, combined bets are also allowed, which greatly increases the winnings if you win of course.
The Online site, the world’s leading exchange site and declined in , which moreover has recently withdrawn from the market after the law of May-June 2018 on online sports betting, remains the “master” in sports betting on the internet from bettor to bettor.
Regarding the law on online betting, the leaders of the online website said they were not interested in a license given the exaggerated and aberrant taxation. Excellent betting sites have pervaded the market.
Nothing prevents the exchange sites tend to develop currently: The site, declined in too, also offers this betting option in betting exchange mode. If you are not based in France, because the site also left the market, we also recommend this bookmaker doubled exchange part.
What is a “back” on Betting Exchange Sites?
The odds available in “back” work on the same principle as a bookmaker. You bet on a rating proposed by another bettor. Do not worry, the bettor has of course credited his account to pay you if you win and this is done automatically.