
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.
Another 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.
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.
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...

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.

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:

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:

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).
PLAYER 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.
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.

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.
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.

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€)
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.
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 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...
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 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.
You'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 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.
Chelsea 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.

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

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.
Tim 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!

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!
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:

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

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.
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:
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:

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.
