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Exchange betting tutorial

Exchange betting explained

 

You already know classic bets, but here is our "Exchange betting" tutorial. A significant upgrade to all your betting knowledge!

 

But, before we start, we must talk about getting prepared for exchange betting.

 

First of all - it's essential you already have some level of experience with classic betting. If not - chances are you'll get lost with exchange betting as it involves a lot of calculation and can pose a risk to your bank if you're not sure what you're doing.

 

The choice is yours.

 

 

But it's worth it - if you'll read our Exchange betting tutorial carefully, two, three times if necessary, you'll find tons of new possibilities, things you cannot do with classic betting.

 

Some never look back to classic betting once they experience the power of an exchange.

 

Exchange betting explainedAnother important thing - grab a cup of coffee before we start.

 

Ready?

 

Exchange betting revolutionized the world of sport betting.

 

They have no limits on how much you can earn - and their system is every regular bookie nightmare. Why? Because an exchange lets you be the bookie!

 

Let's take a closer look, as you really need to understand some basics in order to take your share of their profit. You also don't need tons of money to start with. 20€ should be enough to try trading options.

 

What can you do with Exchange betting?

 

BET AGAINST. You know, with classic bookmaker, you can only bet FOR somebody or something. Here, you can pick a looser as well. Imagine - 15 horses racing, it's much easier to pick a looser than a winner. Or you think "This soccer match won't end with 2-0 or 3-0". As soon as there is 0-1, you've already won!

SELL YOUR BET. Imagine, you've placed a bet before the game started. You've picked team A to win. As soon as team A scores, your odds will drop and you can sell your bet with profit! Making money in a matter of minutes, sometimes seconds.

MINIMIZE YOUR LOSS - If your bets turns out to be a wrong pick - your favorite is loosing, you can still trade it and minimize the loss. Sometimes, you might even break even and get out of the situation like nothing happened.

 


There are many other options you can take advantage of, but let's start at the beginning.


Exchange betting is not a classic bookmaker (although it can be used as one), it is an exchange, kinda like the one for stocks trading.

 

Meaning - you can buy or sell bets before and during the game. Sounds complicated? Well, it really isn't.

 

A great advantage of Exchange betting are their high odds - about 20% higher than normal.

 

Why? The odds are not being regulated by the bookmaker, you decide and choose the odds.

 

Players are responsible for their liability and the one who lost - pays to the other ones who have won.

 

And what's Exchange betting's share? Every winner has to pay 5% of their winnings to the Exchange.

 

This commission can also be less than 5%, depends on your betting activity. The more you bet - the less you pay.

 

As you can see - Exchange betting is nothing more than an interface where players from around the globe can bet against each other. For this service, they charge commission that has to be paid by the winners.

 

They are the only bookmaker who'd like you to win big!

 

The more you win - the more they earn. You won't get any limits once your reached betting stakes in thousands $$  like you could with some other bookmakers.

 

Your winnings are limited only by the money on the game - meaning - the more traders buy and sell, the more money is available.

 

We've seen over 20 millions € on a classic game between Nadal and Federer. Imagine...

 

Let's take a look at a classic soccer match:

 

Exchange betting explained


What do we see here ? It is a match between Liverpool and Chelsea.


Going In Play means - the odds will be available during the game.


Matched € means that there are already 1.640.848€ placed bets on this game.

 

The options are - Liverpool, Chelsea and The Draw.

 

 

You should take a look at blue and pink fields.


Back line means - you bet FOR the result, like with a regular bookmaker.

 

Below the odds, there is a certain amount of money (Liverpool - 87.702€) which indicates the maximum amount you can bet on.

 

Liverpool Back odds are 2.38. Meaning, if you place a bet BACK LIVERPOOL they need to win. If Chelsea wins, or the match ends in a draw - you've lost.

 

Same goes for Chelsea - odds are 3.75 and the draw with odds 3.1. Those are regular bets, like with every other bookie, just odds here are about 20% higher.

 

Meaning, if you place 10€ on Liverpool to win (BACK), you can loose 10€, or win 23.8€. Click on the blue column - 2,38 if you bet on Liverpool to win.

 

Exchange betting explained

 

Now you can place your bet on Liverpool to win. If you don't wish to go any further, this is enough and all you need to know to place bets at higher odds than before.


That would be a shame, since Exchange betting offers a lot more! Please, continue...

 

Ok, by now we know - back column represents odds, like classic bookmaker.

 

 

Lay column (pink) means that you'll be betting against the result.


LAY LIVERPOOL means that Liverpool won't win. Chelsea will, or the game should end with a draw.


Lay odds are 2.4, and if Liverpool wins, you'll loose at this odds. If you bet 10€ against Liverpool, you'll receive 20€ (10€ pure profit!) if Chelsea wins or game ends with a draw. In case you were wrong and Liverpool wins, you won't loose only 10€, but you'll loose them at 2.4 - this is 14€!

 

And this is the tricky part that most of the players don't understand. When you are laying (betting against), you can always win as much as you staked (if you bet 100€, you can win 100€), the only difference is how much you can loose!

 


Remember - you're not playing against the company - you're playing against other players.



AND YOU PAY THEIR WINNINGS! (if you loose).


The higher the lay odds - the more you'll have to pay. This shouldn't scare you.


It's much easier to bet against the outcome than for!

 

If you bet against (LAY), you account should have enough funds to cover losses in case you loose. This is called LIABILITY.  We'll bet against Liverpool - let's click on the pink column with 2,4 on it.

 

Let's take a look:

 

Exchange betting explained


As you can see, Exchange betting automatically shows our liability - 14€! This money will be reserved and taken off your betting account at the moment you placed the bet.

 

If you lost - it's gone, if you've won - you'll get it all back + your winnings.

 

If Liverpool wins, you'll receive 24€! (14€ liability paid back + 10€ pure profit). You have to keep track of your Profit/Loss and the exchange will keep it visible on the screen:

 

Exchange betting explained


Once again, if Liverpool wins - you loose 14€, In case of a draw or if Chelsea wins, you'll make 9.50€ - not 10€, because they've already calculated 5% of their commission if you should win!


This is Exchange betting. Maybe there is too much information, and maybe you should read it once again.

 

These are the basics and the rest is based on this system. We haven't even touched trading yet. But from what you've learned so far, you can easily say "In this match, I don't expect 0-0, I think there won't be 7 goals..." Lay 0-0, Lay 7 goals or more...


For every Lay bet - you'll have to pay liability!


Let's recap our knowledge so far - blue is BACK - meaning FOR! Pink is LAY - meaning against! If I lay Liverpool - I don't want them to win, so draw or Chelsea are my picks. If I lay - I may loose more than I originally want to risk. The reason for that will be clear once we get to our examples (below).

 

 

Why do we pay liability? This will clarify things for you:

 

CASE 1:

 

Exchange betting explainedPLAYER 1 (TIM) and PLAYER 2 (JASON) both like to bet and today they sit in a room and will place bets on a soccer match Chelsea - Manchester.


Tim is a fan of Chelsea and is prepared to bet 100€ on them.

 

He searched the Internet and the average odds on Chelsea were about 1.90 (decimal). He doesn't bet against a bookie, he bets against a friend and has the power to make up the odds.


He decides, he'll bet 100€ at 2.0 on Chelsea to win. He puts his 100€ on a desk. If he's right, he'll get 200€. His own stake back + he'll make a 100€. This is called - BACK CHELSEA. But first, he needs somebody, who'll give him this 100€ which he wants to make.

 

Jason knows soccer and doesn't fancy Chelsea. He'd like to bet against them with 100€ at 2.0, which were offered by Tim. This is called LAY Chelsea.

 

 

Both players have now given their stakes to the table - 200€. If Chelsea wins, Tim gets all of it as he has placed a bet on them. If Chelsea doesn't win, the 200€ belong to Jason, as he bets against them. So, if the game ends with a draw or Manchester to win, Jason is our lucky winner. Simple, because the odds were exactly 2.0. Let's complicate things in our next example.

 

CASE 2:


Tim would like to bet 100€ on Chelsea, but at much higher odds - 3.40. (I don't know where he got this Idea from, but it's his decision!) He puts his 100€ on the table.


Exchange betting explained

 

Jason would like to lay Chelsea (bet against) with 100€ but doesn't like the odds Tim just made up.

 

Is Tim going crazy? What's wrong with him? 3,40? Well... but, If he puts only 100€ to the table, Tim could win only 200€ which is not correct, as he wanted to win at 3.40.

 

This means - Jason needs to add 140€ to his stake, all together 240€ to the table to match Tim's request. In case Chelsea wins, Tim gets the money on the table - 100€ his own stake back + Jason's stake 240€ - TOTAL 340€.

 

Should Chelsea loose the game, Jason gets his 240€ back + 100€ from Tim.


Now you see - why Jason had a huge liability to cover.


CASE 3:


Tim is 100% that we'll see at least one goal in this game.This is very likely to happen and he can't ask for high odds, but 1.10 should do. He'll bet 100€ on it.


Exchange betting explained

 

Jason thinks that this is one of those games that could end without goals.

 

He sees Tim with his 100€ and odds 1.10 which is acceptable. He decides to bet against him (lay 0-0 or lay 1 goal or more).

 

This time he only puts 10€ on the desk, as 110€ is the amount Tim would win if the game ends with some goals.

 

But, should the game end 0-0, Jason gets the money from the table - 110€!


He could make a 100€ and only risk 10€ - this is something worth betting on!


How did that happen? Like we said - "sure things" have low odds. And to see one goal on a match that takes 90 minutes, is almost certain. And you cannot ask for more than 1,10 to see at least one goal.

 

That was Tim's offer. Jason matched it with betting against him. Now, he can loose at 1,10 and he owes Tim nothing more than only 10€ should at least one goal be scored. If the game stays 0-0 for 90 minutes, he has won 110€! (-10€ stake = +100€)


This are the basics -  every bet needs somebody to bet against that decision, otherwise nobody gets paid.

 

 

In our virtual world, Tim and Jason aren't really sitting in the same room.


They live thousands of miles away and the desk, where they put their money on is Exchange betting website!

 

It is a Internet Interface, where players can bet against each other. But they won't be alone. Millions of players are using exchange trading so the competition will be heavy. Let the trading begin! Let's see some more examples you will encounter with Exchange betting.

 

CASE 1:

 

Exchange betting explainedTim is a fan of Chelsea and is prepared to bet 100€ on them.

 

He searched the Internet and the average odds on Chelsea were about 1.90 (decimal). He doesn't bet against a bookie, he bets against a friend and has the power to adjust the odds.

 

He decides, he'll bet 100€ at 2.0 on Chelsea to win. He puts his 100€ on a desk.


If he's right, he'll get 200€. His own stake back + he'll make a 100€.


This is called - BACK CHELSEA. But first, he needs somebody, who'll give him this 100€ which he wants to make.


Jason would bet against Chelsea, but has only 10€ left to place them at 2.0. He is broke...poor Jason.

 

This is not enough for Tim, as he needs 90€ more for his bet to be completely matched and accepted. And this is called an Unmatched bet.

 

Exchange will let Tim know that someone just bet against his decision and 10€ are matched, the rest remains open for other players. Tim has the choice to either lower the odds in order to make the bet more attractive, or wait for a while. Maybe someone will come along and take it...

  • now we have 10€ matched, 90€ remain unmatched


Robert joins the game.

 

He isn't a Chelsea fan and would like to bet against them.

 

But he's rich and would like to risk 1000€. He puts all his money on LAY Chelsea, although only 90€ were available.

 

Tim's interface lets him know, his bet is now 100% matched. What about Robert?


His unmatched amount is now visible on the opposite site, waiting for another 910€ that need to be placed by players BACKING CHELSEA (he lay-ed them, so he needs the opposite site to Back them!)


...but Tim and Jason aren't worried about Robert. Their bets are matched.

 

In case Chelsea wins, Tim gets 200€. (100€ his own stake back + 10€ from Jason + 90€ from Robert).

 

If Chelsea doesn't win, Jason gets his 20€ (10€ own stake back + 10€ from Tim).

 

What about Robert? Maybe he chose that Chelsea might win after all and cancelled remaining 910€. (yes - unmatched bets can be cancelled anytime!) So, he settles with 90€ matched and if Chelsea fails to win, he gets 180€ (his own 90€ back + 90€ from Tim).

 

In real world, you won't know where the money comes from, but this is how Exchange betting works.


Every penny you make is something somebody else lost.

 

 

Every game has a TOTAL MATCHED amount visible, so you can see how much money is matched at that time. This number can be up to 25.000.000€ high (maybe even over), so people are making some serious money with it. Someone will loose, someone will certainly win, otherwise, the bet wouldn't be matched.


CASE 2:

 

Exchange betting explainedYou're never alone on the Internet and trading is done by many people (100.000s or millions per game).


Tim would like to bet on Chelsea at 2.0. The odds at the moment are at 1.77 (meaning, someone bet against Chelsea at 1.77).

 

Not enough. Tim wants to make more, so he clicks on that 1.77, but enters his own odds 2.0.

 

He's ready to loose 100€. But there is no response. Nobody wants to bet against them at 2.0. Why?

 

 

Exchange betting explained


Exchange betting will always show up only the best odds for players.

 

If you want to bet on Chelsea (back), the highest odds are 1.77. Tim wanted to bet at 2.0, so his bet would be displayed on the lay side to attract the opposing bettor. But, he is too far away, or lets say - his offer is bad!

 

First, someone needs to bet against them at 1.79, 1.8 and 1.81 before the odds move in his direction. His offer is not even visible, so no one can bet on it.


He decides to cancel this bet and bet on Chelsea at 1.78. This is much more realistic, as this bet is between current back and lay option. He clicks on 1.77, enters 1.78 and amount 100€.


The bet is visible on the lay side and is immediately matched by players who thank Tim for his low odds. You see - a bad offer or unrealistic odds will not get matched! You're dealing with real life people on the other side of Internet.

 
What about trading on betting Exchange?

 

CASE:

Exchange betting explainedChelsea can be bet on at 1.77 and Tim will place 100€ on this bet.

 

He doesn't want to enter his own odds, he is happy with 1,77. He sees, he can place 999€ on this bet and it will get matched instantly if he is fast (remember he is dealing with thousands of people around the globe.

 

 

 

Exchange betting explained


But, he has only 100€ so he'll click on 1.77, enter 100€ and his bet is matched. By doing this, he made someone happy, who placed 999€ against Chelsea. But this can be one or more persons, the total amount was 999€. Now, there is only 899€ available, Tim took the rest..


He did that in the morning, hours before the game actually started. Now, just minutes before the match starts, there is news on the TV, Manchester has a lot of injured players, some of them are very important for this match!

 

The majority now places bets on Chelsea to win and this lowers the odds constantly.

 

Everybody is taking what they can, as Manchester is obviously going to loose without their key players.

 

A player came with a bet worth 10.000€ on Chelsea. He took it at 1.77. But there were only 899€ available. Yes, 899€ are matched, (Tim already tool 100€ in the morning), the rest of his money is displayed on the lay side at 1.77.

 

Another hot shot comes along and places 20.000€ at 1.76€ which is currently the highest available odd for Chelsea. It is partially matched, but a large stake wasn't and the rest is now displayed on the lay side with the unmatched amount at 1.76.

 

With doing that, he puts the previous player in a bad position, as he doesn't have much chances to get his 1.77 matched.


Why should someone lay at 1.77 if they have 1.76 available? Now you see what moves the odds... Money and the big players - just like on real exchange.



What about Tim, who already bet at 1.77 in the morning? He came to our website and read that whenever BACK ODDS ARE HIGHER THAN LAY ODDS, he'll make profit.

 

Let's say this again - because you really need to remember this -

 

BACK ODDS NEEDS TO BE HIGHER THAN LAY ODDS AND YOU'LL MAKE MONEY!

 

How? He already gave 100€ to the table in the morning, which could make him 177€. But now, he gives another 100€ to the table and bets against Chelsea!

 

He knows the situation, has heard the news and is happy he made the right decision in the morning. At 1.76, he actually puts only 76€ against them.

 

Hold on... first he bet FOR Chelsea, now against? How come? He is not a risk taker, he likes to play safe. And he knows - sport in very tricky and even though Chelsea should win - it may not happen, for whatever reason.

 

He bets against them in order to secure a profit or make a RISK FREE BET! Backing Chelsea would make him +77€, laying them takes 76€ away from him. 1€ is left and that's his risk free bet! If Chelsea wins - he makes +1€ and cannot loose anything.


This was a simple example with minimum odds difference. Actual odds rise and fall are much more dramatic and can secure huge profits without the need to wait for the end of the game! Just remember -

 

BACK ODDS NEEDS TO BE HIGHER THAN LAY ODDS AND YOU'LL MAKE MONEY!


Exchange betting explainedTim placed a bet and can now watch the game knowing, he might win with no risk.

 

We've demonstrated a slight change in odds, which can make you money, but this changes can be huge as well.


If he placed a bet on Chelsea and left it running, and Chelsea scored first, the odds will drop from 1.77 to maybe 1.30.

 

All the players are so convinced in their victory, the odds will always drop. If you put this numbers in the exchange calculator, Tim would make 36,15€, no matter how the game ends. Great!

 

And that brings us to the next point - Exchange betting Calculator

 

No matter which bet you placed first - either a LAY or BACK bet - the following sentence -

 

BACK ODDS NEEDS TO BE HIGHER THAN LAY ODDS AND YOU'LL MAKE MONEY!

 

is always true!!!

 

So, if Tim just made 36,15€ with waiting for the first goal - how did he do that? We need a calculator, - an exchange calculator. For this - we'll go to this page (click) which has an online calculator. You can also download it and have it ready on your computer whenever you need it.

 

Exchange betting explained

 

Enter the stake - Tim bet 100€. Back odds (in the morning) 1,77 and now, after Chelsea scored a goal - 1,30. We need to tick the round button "Already Backed - wish to lay", since Tim's first bet was BACK.

 

Now the calculator gives us the data - we need to place 136,15€ on LAY Chelsea in order to make +36,15€ no matter what happens in the game.

 

Yes - Tim made +36,15€ (-5% exchange commission).

 

He could also experiment with the slider and adjust winnings. For instance, if he now placed 100€ on Lay Chelsea now - he would make +47€ in case Chelsea wins. But, this is a free bet, he took the more secure version - "to Equalise", which gives him nice profit no matter if Chelsea wins or looses.


This Calculator should be ready when you're about to trade on a certain game, so get a copy of it! (the link is above this calculator image).

 

Remember:

 

- A bet must be MATCHED, meaning - you always have to find someone to bet against your decision! Otherwise, you'll put your money on the table, but there is nobody to join you and you can't make anything.A bet like this will be UNMATCHED - not accepted.

 

Take your money from the table and put it back in your pocket. You can leave your UNMATCHED bet open until someone bets against you. If the game is "in play", you have 90 minutes to find someone until the game is over.

 


- On soccer - in-play, each goal or danger of a red card means, all UNMATCHED bets will be canceled and the money you wanted to bet, will be returned to your account. Should this happen, you have to make another bet offer to your fellow players and get them to bet against you.

 

How to minimize the loss if something goes wrong?

 

Exchange betting explainedTim placed a matched bet on Chelsea to win - 100€ @ 1.77. But...damn... in the 10th minute, Manchester scored for 0-1. Panic breaks out.

 

Everyone who placed a bet on Chelsea is now scared and unsure if their team will actually win.

 

Manchester United fans are now pushing the odds for their favorite down, while Chelsea odds rise.

 

Tim watches the odds move in the wrong direction and is concerned about his 100€. The odds for Chelsea are now 3.20, against Chelsea are 3.30. He already placed a back bet on Chelsea, so he won't do that again.

 

He puts the current lay odds in the exchange calculator and sees, if he bets 53,63€ against Chelsea, he'll loose only -46,36€. That's much better than to loose a 100€.

 

He might also try the other approach and bet 100€ against Chelsea, so if they loose, he doesn't loose anything. But, should Chelsea win, he'd loose 152,99€! Is he ready to make that risky change?


Our advice - NO! Except if you see that there is no way your team gets back in the game. It could happen that Chelsea strikes two times and wins. This will make him loose much more than just the initial stake.

 
CAREFUL IF THE LAY ODDS ARE HIGH!

 

As you can see, if the lay odds are below 2.0 - you'll always risk less than you can win. And that's the right way to go! With odds above 2.0, you'll always risk more than you can win!

 

Exchange betting explained

 

Take a look at this example. Chelsea is available at 1.77 and you can bet against Manchester at 5.7. You could bet 197€ against them. But - CAREFUL! Laying Manchester means, the game can end with a draw or Chelsea to win - you'll win.

 

Someone bet against Manchester 197€ at 5.7. Currently, he is still unmatched. And he wants to win 197€ x 5.7. And you - the oposing bettor, are responsible to provide this money.

 

If the back player wins, he'll win a nice amount of cash, but if you'll loose, you'll be in a terrible condition. Tim - a Chelsea fan would like to bet only 10€, but still, he has to reach in his pocket for 47€! Why? It's his responsibility to provide the winning amount to the guy who bet on Manchester!

 

10€ @ 5.7 = 47€ and this is the money he needs to have on account and is willing to loose, should Manchester win the game. Risky! But, if Chelsea scores first, he might be able to sell the bet with profit at once.

 

If Tim wins, he'll get his 47€ back, making only 10€. This is why high lay odds can be a risk to your bank.



A while ago, there was a story on the Internet about a guy, who bet on horses on a Exchange betting. He bet a nice amount of money.


We don't know the details, but it was something like that - he bet 100€ against the horse who was running last and didn't seem to have a chance to win. The lay odds were about 200! Meaning, he had to put 199.000€ to the table to simply get this bet MATCHED.


But...animals are animals... one horse fell and the other fell over him. The last one came running through, avoiding the obstacles and actually won the race!


Our player earned the terrible title "Biggest Exchange betting Loser!". He could have won 1000€, but lost 200.000€! This is a risk not worth taking!


 

FINAL EXAMPLE

 

By now, you know a lot about Exchange betting - in theory. But that's how it works and we are confident - you won't find a better tutorial on the internet.

 

Look at our examples with Tim and Jason, replace their table with an online exchange and whenever you're in doubt - think about who pays for what.

 

Okay - final example. There are many options to trade on - but we'll take a look at TOTAL GOALS market.

 

 

Once again we'll use our Liverpool - Chelsea game and click on TOTAL GOALS, as we'd like to place a bet on how many goals we expect to see on a game:

 

Exchange betting explained


As you can see - the odds for "1 goal or more", are very low, as everyone expects to see at least one goal. The odds for 7 goals or more are extremely high! With teams like this, it's hard that we'll see 7 goals in one match.


And now you can choose if you'd like to back or lay a certain result!

 

In case you agree that the game will produce at least one goal or more, click BACK 1 goal or more at 1.15. If your stake is 10€ you could win 11.5€, as it is very likely that we will in fact see at least one goal.


If you lay 1 goal or more, click LAY 1 goals or more (pink), and this is much more profitable. If your stake is 10€, you could win 10€ or loose only 1,60€. This is our liability. We win only if the result stays 0-0 after 90 minutes and this isn't likely to happen.

 

 

Let's pick something else from the same screen...hmm... we won't see 4 goals.

 

Meaning - click Lay 4 goals or more at 6. If your first thought was - what if the game ends with 3-1 or 2-2, well -: "WHO SAID THAT WE WILL WAIT TILL THE MATCH IS OVER?"

 

That's right! Now, this is called real trading.

 

If you LAY 4 GOALS OR MORE minutes before the game starts, with 10€, your account is missing 50€ (liability). Don't worry - we'll get it back soon.

 

Once the game begins, the odds will be rising every minute without a goal. 15 minutes after kick-off, the odds for BACK 4 goals or more are already around 6.2. (before the game started -  5.74). And what did we say? Back needs to be higher than lay!

 

And what's our situation? We've LAY-ed at 6, we'll back at 6.2! Not a big difference and a small stake, but we'll win 100%. We'll start our Exchange betting Calculator

 

Exchange betting explained


Stake - 10€, already layed wish to back. Enter BACK odds and LAY odds, the result should be "TO EQUALISE: 9.67€". This means that we have to place a BACK bet with 9.67€ and we'll make 0.32€ no matter how many goals will be scored. We can trade like that, everywhere, just wait for the odds to come your way.

 

 

If that were 100€ - we'd make 3,20€. With 1000€, we'd make 32€ and so on.

 

Keep in mind - we have waited for a really short while and decided to "sell" our bet. If you'd wait 30 minutes, this trade would make you much more!

 

Imagine laying Caroline Wozniacki in tennis (at 1.04 since she's always a favorite). With 100€ stake, you could loose only 4€ or win 100€.

 

And how many times does Caroline loose her first game? Very often. Now the odds drift from 1,04 to 1,10 or more. Enter the stakes in your calculator and you're already making money!

 

 

Every sport changes odds during the game. While football is a bit slower, tennis is lightning fast and you could be making money within seconds. One medical break will change odds dramatically.

 

Be creative, look at the markets and you'll see how and when things are changing. You can also take a look at our strategies, where we have several examples ready.

 

We are done. How many Coffees did you drink while reading this tutorial? :-)

 

Now you're ready to open your account for Exchange betting and start practicing everything you have just learned.


There are currently two places, where you can start:

 

Exchange betting explained


A perfect entry point if you're just starting to get to know Exchange betting.

 

It has lots of live in-play matches, and their commission is below 5%!

 

Perfect for football, tennis and horse racing.

 

If you decide to start with them - they will be waiting for you with a 30€ no loose bet.


CLICK HERE TO SIGN UP FOR FREE >>


Another alternative is the mother of all exchanges:

 

Exchange betting explained

The first exchange - they actually invented the system. This is why they are always busy and have millions of players around the globe.

 

Thanks to this huge liquidity - this is the place to earn big money.

 

Every football, tennis, horse racing or cricket game, gets large amounts of money matched.

 

New customers can receive up to 1.000€ cashback bonus.


CLICK HERE TO SIGN UP FOR FREE >>

 


 

Money can be transferred to Exchange betting by bank transaction, all major credit card payments, Moneybookers or Paysafe card.

 

That's all there is to know about Exchange betting. It may be complex at first sight, but once you get to know and love it - there is no turning back.

 

It's no secret - people are making good living with exchanges and you can too! It's not an insider secret, it's not a miracle, but it's a very useful tool for everybody who is willing to invest an hour or two daily, getting ready to trade on games.

 

The most profitable way using an exchange is in combination with a classic bookmaker. Placing a betting accumulator and securing it live with a betting exchange. You'll find the tutorial in our sports betting strategies section.


Good luck!


DON'T FORGETDon't forget to visit our "Sports Betting Strategies" with a lot of useful tips and strategies for your trading adventure!


Let's get to know some most frequent betting terms >>

Last Updated on Wednesday, 15 February 2012 20:28

Hits: 655

Betting bonuses

Welcome to the Betting bonuses section. Here is a bit larger selection of bookmakers with their betting bonuses for new customers.


Please note - we've only included fair and tested bookmakers, where we never experienced any kind of problems.

 

There are tons of bookmakers out-there, but choosing a place to invest your hard earned money should not be taken lightly. Beware of fake bookmakers, where winnings are never paid out. They often offer unrealistically huge bet bonuses just to attract depositors. This is why we've put together our list of best bookmakers, because we want you to play safe and fair.

 

We also advise you to master and use both - classic betting AND trading. This way, you'll be able to combine classic multiple betting slip and "repair" any damage live on the betting exchange if things go wrong.

 

The following bookmakers belong to the BEST OF THE BEST. Opening an account is always FREE!


** the betting bonuses listed were valid at the time of writing this article. Check the current bonuses on bookmakers page


Expekt - with a 50% bonus up to 50€


Perfect bookmaker, top class live casino, poker room and much more. Due to easy navigation - first choice for beginners and everybody who is looking for a clean interface and simple bet placement.

Bet 365 with a 100% bonus up to 100€

 

Huge selection of games and a nice welcome bonus up to 100€. The biggest private bookmaker in UK with tons of games, nice odds and a top notch live betting interface. A perfect partner for a exchange / classic betting approach.

Betfair Exchange - 20€ Freebet + up to 1.000€ Cashback

 

Not a classic bookmaker, but a betting exchange. If you haven't read our tutorial, you'll have a difficult time using this exchange. But once you get used to - you'll love lay betting and much more. If you want to make money betting, there is no better way than using a classic bookmaker and a betting exchange.

 

 

Those are our Top3 Bookmakers! The following bookmakers are also very recommended. The differences are small, but unfortunately, it was not enough to make it into our Top3 list. Don't forget - there are also betting bonuses for new customers which can make your start a bit easier!

 

 

Unibet with a 20Gbp or 50€ bonus

Top notch live betting interface and lots of live streaming. There is also a very special Ca$h out function - which allows you to close the bet even before the game is finished.

Betsson - with various bonuses for different countries

Top class bookmaker, especially popular in Scandinavian region.

Ladbrokes with a 50€ Freebet

A perfect English bookmaker who has higher odds than some other of his English competition.

Gamebookers - 20€ Bonus

They are The Combi Kings. Why? Simple - if you like to bet accumulator bets - Gamebookers will allow you to put up to 20 games on one betting slip.

Pinnacle Sports

No welcome Bonus, but much higher limits and lightning fast payouts (within 10 minutes). The only European specialist for American Sports (Nba, Nfl...)

Betdaq Betting exchange with a 30€ No Loose bet

Due to being smaller than Betfair, they are a perfect exchange for everybody who is starting to move ahead from classic betting.

Bet at Home - 50€ Bonus

Very popular in Eastern Europe - good for hobby players

Paddypower with a 50€ Bonus

Very popular in Ireland

Stan James with up to 150€ in Freebets

The strongest competition for V.Chandler and W.Hill

 

Keep in mind, you should be using a classic bookmaker and one of the two listed betting exchanges. That way you'll maximize your earning potential and be able to use tons of new strategies. There are millions of bookmakers on the Internet. But only a handful of them actually have a large mass of players which allows them to payout winnings and operate. The rest might get in trouble when you ask for a payout, that's why it's very important you use only the listed and the best bookmakers where millions of people are playing. We want you to play safe and that's why you need to trust only the best of the best!

 

Congratulations!

 

Now you are ready to start with classic sports betting. Please, do not forget to visit our "Tools" section, where you can find everything, from betting calculators, livestream, livescores and much more.

 

In the moment - we strongly advise you to gather some level of experience before advancing to sports betting exchange. But if you're already an experienced player -

 

Learn Exchange Betting & trading >>

Last Updated on Friday, 30 March 2012 10:33

Hits: 743

Betting Terms Explained

betting terms explained


Betting Accumulator


If you decide to put two or more games on one betting slip - it's called a betting accumulator. This way you can boost your overall odds. You'll play with more risk, but it may be worth it. Take a look at the following betting slip:

 

betting terms explained

 
As you can see - a player added 8 games to a betting slip and all betting odds multiply! (1013,45!)

 

This way, he bet only 7,74€ at 1013,45, and he won 7.843,12€!

 

This is the power of a betting accumulator.

 

If you'd like to place an accumulator, simply choose your desired outcomes and put them all on one slip. Game Nr.1 - click 1, X or 2, choose another game 1, X or 2,.... and keep on going until you're satisfied with your selection. And after that, click on PLACE BET!

 

A single bet is simply only one game on a betting slip. Two or more are a betting accumulator.


 

 

Over / Under Betting


With Ice Hockey games or football, you'll find Over/Under 0.5, 1.5, 2.5, 3.5,....Goals .

 

What does that mean? Number of goals!

 

The 0,5 at the end is important. More than 0,5 means - at least one goal will be scored. Less than 1,5 means 0 or 1 goal is a winner.

 

The 0,5 is important because if the bet is placed on more than 2 goals and exactly 2 goals are scored - is this a winning bet? No, your stake is returned because it is not clear if this is over or under.

 

That's why the majority of bookmakers uses the 0,5 goals. Over 2,5 means, at least three goals have to be scored...and so on...

 

 

Total Betting


With tennis, you can bet on Total Over / Under. If you bet on Over 21,5 games, it means how many games will be played.

 

If the game goes something like this - 6-4, 4-6, 6-4, those are exactly 30 games and you've won your bet. If the game ends 6-4, 6-4, those are 20 games and your bet would have been lost.

 

 

Congrats. We have shown you a basic single bet in the last article, now you also know how to bet on over/under and totals. You also know what an accumulator is.

 

Next step - handicap betting >>

 

Last Updated on Wednesday, 15 February 2012 20:30

Hits: 692

Handicap betting

Handicap betting


It's time to take a look at our Handicap betting. Handicap betting originates in United States of America. The American bookmakers are offering two kinds of bets - Moneyline (bet to win) and Point Spread (add/subtract points).


What are advantages over classic 1-X-2 bets?

 

A good example is an Ice Hockey Match, where you can bet on team 1 or team 2 to win. We all know - the game always ends with a winner although, the result in regular match time can be a tie. After that, we'll see Overtime and possibly penalty shootouts.

 

With Moneyline bets, you'll avoid the risk of a tie, as you'll bet on a complete game incl. Overtime (if needed).

 

With Moneyline - you don't care when your selection wins - in regular or overtime. Of course they still need to win in order to win your bet, but you just got rid of a draw.

 

In games, where we could expect a higher number of scores (points), like basketball, american football, we are using spreads betting. The bookmaker will choose a favorite team to win and subtract some points before the game and add them to the underdog.


Handicap bettingAn Example - Wisconsin (+8.5) vs. Michigan State (-8.5).

 

We can see that Michigan is most likely to win, as the bookmakers are so confident to take away 8.5 points from their scoreline.

 

Now, if the game ends with 70 - 77, Wisconsin won this bet. According to spreadbet, they've won with 78.5 - 77.

 

If Michigan won with more than 9 points, they stay winners with our handicap.

 

In this case, because of the added +0.5 points, it's impossible for the game to end with a tie.

 

If spreadbet is +8 points and the game ends with 70-78, this means a tie and you'll receive your stake back. No one wins the game.

 


A great advantage of handicap betting are the odds.

 

It depends where you play, but they are always around 1.90. Have you ever placed a bet on a relatively "sure win bet" at 1.20 and lost it? Of course you did. Now it's possible to use much higher odds, thanks to Handicap betting.

 

 

Take a look at this NBA example:

 

spreadbet

As you can see - the odds are well worth playing.

 

Now you have to decide whether you trust your favorite enough to subtract a certain number of points and still see him win or do you think that the underdog might take the added points and become a winner?

 

 

Well, this questions are usually answered by professional handicapping companies who sell Handicap betting picks like that.

 

If you don't follow the games and teams, don't know anything about the injuries or other things that might influence the game, buying seasonal spreadbet betting picks might be a perfect solution.

 

 

If you don't like American sports, Handicap betting is also available in Europe. You can use moneyline bets on football games, eliminating the very common draw. Or choose your team to win with a handicap option. (football spreadbet)


An example: Fulham will fight West Brom. The odds are: 1 = 1.9, X = 3.3, 2 = 4.9. Those are classic odds and most of you bet like this. Eliminate the draw! For Fulham to win, the odds are at 1.37, and for guests 3.38.

 

spreadbet

It's true - Fulham's odds are now lower, but you have to know that your risk is much lower, too!

 

In case of a draw, you'll get your money back! If 1.37 for Fulham to win aren't enough, as you are pretty sure they'll win the game, choose an additional Handicap.

 

 

spreadbet II

Take away 0.5 points from their score and add them to West Brom.

 

If Fulham actually wins, your bet will win, too! But, should West Brom manage to end this game with a tie, your bet will loose.

 

Why? Let's say the game ends with 1-1. Because of the handicap, the result is now 0.5 - 1 and West Brom is a winner.

 

 

Handicap betting is being offered by every bookmaker and is available for most of the sports. It depends on your bookmaker what kind of a handicap they offer.

 


Because of much higher odds it definitely pays off to bet with the handicap, like presented in our Handicap betting guide.

 

 

Congratulations, you've reached the end of our online betting guide.

 

By now, you have tons of information, but you are certainly not having enough experience. We've said it before, we'll say it again - it's cruicial you have enough experience with classic sports betting before you start exchange betting.

 

Once you've mastered the exchange trading, it's time to combine the best of the both worlds and protect your betting accumulator tickets live with a betting exchange.

 

Don't forget to visit our sports betting strategies section and get an idea of what can be done.

 

Good luck!

Last Updated on Wednesday, 15 February 2012 20:34

Hits: 471

Your first bet on markets

bet on markets

 

It's time for your first bet on markets. To do this, you need a bookmaker. Since you don't have an account yet, we are going to show you how it's done.

 

First thing you need to know is - every bookmaker is a bit different from the other and some are specialists for football, some specialize in horse racing, but we'll deal with that in our "bookmaker betting comparison".

 

What you need to know now is - opening a bookmaker account is always free!



Let's start with a nice allrounder bookmaker who's very easy to navigate and a perfect choice for beginners (click).

 

Once on their page, you have to register a new account. Enter your basic information like name, address... Make sure those are your real details!

 

From time to time, a bookmaker will want to see a copy of your personal ID and all details must match. Remember - this is for your safety!

 

If you have problems with English language, click the Flag icon on top right side and choose another one. There are over 20 different languages to choose from!

 

bet on marketsNew customers are welcomed with a certain amount of extra money!


Please read the terms and conditions on their website as they change the conditions quite often. Bonus amount also depends on your location as certain countries do not qualify for it.

 

At the time of writing this article, the bonus amount was set at 50% - 50€. Meaning - If you deposit 100€, they will give you an extra 50% for free - which means 50€. If you deposit 50€, they would give you 25€ and so on... But the maximum bonus amount was set to 50€.

 

Our tip - a welcome bonus is given only once to a customer and you should use it in full extent!

 

 

DEPOSIT

 

bet on marketsOnce you have registered your account and logged in, you'll see a big DEPOSIT button below your user name.

 

Click on it, choose your payment method and you are ready to go.

 

All you have to do is follow instructions on your screen. If you are using an online wallet, like recommended, choose it from the list.

 

 

FIND A GAME

 

Which sport do you like? Football? On the left side, check out the available sports. Click on Soccer and choose a league. Maybe the English Premier League is the one for you. On the right, all games from this league will be listed (for a certain period of time).

 

bet on marketsTake your time, find a game you like. Now you already know what betting odds are and who's the favorite of a game.

 

To place a simple bet, click simply on the outcome you like (1 - team on the left to win, 2 - team on the right to win, X - Draw).

 
Who will win? 1 or 2? Or does the game end (like 1-1) with a X?

 

 

Next to those decisions are the odds. If you'd like to explore sub-markets (how many goals will be scored and so on...), there will be a sign on the right.

 

 

For instance "+5" means, there are five additional sub-markets to bet on. Clicking on this will take you to the complete market of this game.

 

 

Remember - Home team is always on the left, guests are on the right!

 

 

That's always the case, except if the play on neutral ground. American sports are reversed - Guests on the left, home team on the right. That's important if you're counting on home field advantage.

 

bet on markets

Once you click on your "winner" (1, X or 2), a betting slip pops up on your right. We have chosen Blackburn to win (in this example) and now enter your stake.

 

As you can see - a 10€ bet will pay out 20€, which means we can win 10€. (Total win - stake = our profit). Click on "PLACE BET" and your bet is placed. It can't get easier than that.


They will notify you by e-mail or send you a sms to your mobile phone if you've won your bet.


After the game - if you have won, the money will be on your account within minutes.

 

That's the most basic SINGLE BET.

 

Take your time and take a look around some other markets. Now you already know how to place a single bet. Also, click through your account settings and modify language preference, see history of your bets and so on... Get to know this bookmaker as you may want to spend a lot of time here in the future.

 

WITHDRAWAL

 

Once you choose to withdraw funds from your account, they will want to take a look at the copy of your personal ID. They have to make sure you are over 18 (legal to bet) and that you are who you say you are. This is for your own protection.

 

To make a withdrawal, you have to click the big WITHDRAW button (next to deposit) and choose a method of payment.

 


Congratulations! You know how betting odds work, how to transfer the money, you've also opened a betting account and placed your first bet on markets. If you haven't done it already - click here and open your first account.


But we won't let you go just yet, you still may want to learn a thing or two in order to become a betting expert.

 

For now, you can start gathering experience which is crucial if you want to become a successful bettor. Be prepared that your decisions will not always be correct and you may loose!

 

Do not get discouraged, it's a part of this game. All you need to do in the end is - have more winning than loosing bets and you'll be making money.

 

If for some reason, our bookmaker is not the right one for you -

 

More bookmakers and betting bonuses >>

 

Last Updated on Wednesday, 15 February 2012 20:26

Hits: 492

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