Now you will agree with us that a betting exchange is really different from a sportsbook. We recommend bookies that offer free bet bonuses that way, real money is not at stake. To do it, you need to have an account with both a bookmaker and an exchange. Matched betting is a very effective strategy that you can use to secure guaranteed profits. So players on an exchange are referred to as sports traders. The whole process is very similar to stock trading, hence, the name, sports trading. For example, an exchange provides you with price charts to see the movements when you place your bets. Sports trading is the term used to describe what you do on an exchange. With that explanation, you can see that an exchange is a link between two players. So when you win, you take your counterpart’s money, and if you lose, the opposite bettor wins your money. When the bet is successful, there can be only one winner. So, for your stake to be successful, if you are placing a back bet, there needs to be another player interested in placing a lay bet on the same event, at the same price as you, but at opposite odds. If a back bet on a football match is for a specific team to win, then the lay bet would be for that team to lose.Ī sports betting exchange can only match two bettors placing two opposite bets. If you want to learn more then check out this article. So a lay bet is the exact opposite of a back bet. However, in an exchange, you can choose to do the opposite, betting against an event or outcome. So whether you stake with a parlay, Moneyline, or any other option, you are still backing an event. So what is a back bet? It simply means backing an event or outcome. Back and Lay Bets for DummiesĮvery betting option you are familiar with in a traditional bookmaker is a back bet. So allow us to explain the concept of back and lay bets. Alternatively, you could choose another bettor’s odds and bet against them.īut how is it possible to bet against each other? Logically it doesn’t seem reasonable. Then another player who would love to play an opposite bet could choose your odds and bet against you. Instead, you specify the odds you prefer and place your bet. In a sports betting exchange, there are no fixed odds.

Sports betting parlay exchanges