Welcome to BettingExchange.uk.com
UK Betting Exchange users get more choice - to back or lay, to take the odds or ask for better!
Online betting exchanges offer a new and exciting place to bet, where you’ll find the odds are on average 20% better than those offered by a traditional bookmaker. It’s a market place where you can bet against other punters, not against a bookie, so the odds are almost always better as there is no bookmaker adding in their profit margin.
All the bets on exchange betting sites have been placed there by users who either want to have a bet in the normal way (back), or offer odds to other punters (lay).
Bets are matched between people with opposing views.
Breaking with British tradition, the Betfair exchange uses decimal odds instead of fractional odds because they are more popular globally. Other betting exchange sites like BETDAQ allow customers to use fractional odds if they prefer. The betting exchange web sites make their money by charging a commission which is calculated as a percentage of net winnings for each customer on each event, or market.
The odds available on the exchanges are usually better than those offered by online bookmakers in spite of the commission charged.