There is a new player in town in the sports betting world, the sports betting exchange. You may have heard of them, you may be wondering what they are and how they are different to the traditional sportsbook. You may also be wondering which one is better.
These are the traditional bookmakers. An organization that accepts all the bets and pays out the winners. They set the odds and you get to take it or leave it.
Sports Betting Exchange
Sports betting exchange acts as a way for the people who gamble to wager directly between themselves, they make their money by charging a small commission from whoever wins. This means that a bettor can make their own book, or they can look for someone who may be prepared to offer better odds than the sports book.
Advantages Of The Sportsbook
If you place your wagers with a sportsbook you can often find odds offered for just about everything. Every event in the world is available to bet on, sporting or not. There are also many types of bet available, from the straight wagers and parlays to teasers, round robins, if-bets and more.
A sportsbook is also able to offer regular gamblers incentives to keep on gambling with them. It is common to find incentives such as a bonus when you sign up, a bonus if you refer a friend, VIP points and things like half “juice” specials. You can also find a range of incentives to keep you coming back such as bonuses for a monthly deposit. They want to keep you coming back and their incentives can give you a better bankroll. Sports books also have well thought out websites. They are usually easy to use, the navigation is simple and there is usually plenty of information to help a gambler trying to make a decision.
Advantages Of The Sports Betting Exchange
Visit a sports betting exchange and you can get all the usual things that you will find in the usual sports book. You can easily make a simple bet, but you can also bet against a team winning, laying a price rather than just taking one.
With the sports betting exchange you don’t have to simply take the price on offer you can ask for a better one, and someone may come along and give it to you. You will often find superior odds available on a betting exchange even after the commission charged. You can also change your position during a long term event. If you don’t like the way it’s going you can attempt to lay off your bet and still make a profit.
Unfortunately there are downsides, there are restrictions and your opportunities are not limitless. If you want to place a bet you always have to find someone who will take it, for example large number parlay betting is often difficult. You may also find that the exchanges will put restrictions on the odds that you can offer.
There are advantages and disadvantages for both sports betting exchanges and online sports books. You must decide which one you prefer. Take a look through a few different sites and find out how they work and then pick the one that you like the best.
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