Best Betting Exchange Sites

We have sourced some of the best betting exchange sites for you to sign up to. Take a look at some of their promotions that you can claim today upon registration. UK betting has massively improved since Betting Exchange was introduced back in 2001, if you haven’t experienced this form of betting, then why not start now?

Bookmaker

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What is Exchange Betting?

The first thing we need to clear up, is what “betting exchange” actually is and means. This form of betting revolutionised the betting market and made it even more entertaining for players to start/ continue betting. Before betting exchange was introduced, it was always the customer against the bookmaker. You were placing bets to beat the bookie, if you lost, the bookie got your betting stake, if you won, you would receive the pay out amount from the sportsbook.

at an exchange, you are not betting against the bookmaker, but instead, against other customers. There are so many advantages to betting at an exchange and this guide will help you determine whether this form of betting is for you, and if it is, you can claim one of the best betting exchange bonuses that we have sourced for you.

With online betting exchange sites, you can request for better odds and prices than what the bookies are offering. All you need is for another customer to come along and accept what you are asking for, which is known as lay betting, then your bet is matched by them.

Best Betting Exchange Sites

A lot of punters do not need many guesses into which sports betting sites are the best at offering a successful betting exchange platform. It is of course the creators of the system, Betfair. They were the first to introduce this form of betting to punters and make it successful. Once it had gained popularity, other bookmakers jumped onto the idea of it. As it is a betting strategy that puts customers betting against each other, it means that it needs customers using it, for there to be any money to be won. So, when it was first introduced, in order to get people using it, Betfair invested a considerable amount of funds into it to get it started, until it had a customer base large enough for it to run itself.

Other Betting Sites that offer a betting exchange include Ladbrokes, BetDaq and Matchbook. These are all great online betting platforms that follow the same principle as Betfair with their exchange betting. These bookmakers were extremely good at being tough competition for Betfair, however none have managed to overtake them in this area of betting. At one point, BetDaq were huge competition for Betfair, except the size of the 2 businesses and the financial difference played a huge part. Then Ladbrokes took BetDaq over, and as you can imagine, being one of the biggest bookmakers in the industry, they had the financial stability to improve BetDaq Exchange. They also merged it with the Ladbrokes betting exchange, creating a huge betting exchange platform. Matchbook is also a good online betting exchange platform, there is not much more that can be said, as a Betting Exchange has to be a certain type of way, therefore it can’t really be innovated, just the same strategy used on different bookies.

Lay Betting

Lay Betting is not as popular for exchange betting as back betting, which is understandable. What punters do not realise is that lay betting is not as bad as it sounds, and if it done correctly, players could find themselves pocketing a lot more cash. Lay Betting is how bookmakers have always done it, which is why they make so much money. The advantage for a customer is that you only have to lay bet what you want.

If you are unsure of what lay betting is, it is offering odds to other players in order to sell a particular bet, rather than backing it. For example, if you wanted to lay bet against Manchester United, you may say to another customer that you want to offer them 5/1 odds of Manchester United to lose the next Manchester Derby (to not win it), whereas bookmakers are only offering odds of 4/1. Inevitably, the customer is playing the role of the bookmaker. You may then wonder how the bookmaker then gets involved, well once the bet has been determined, the bookie will take a percentage of commission.

Back Betting

If you are backing a selection, you are doing the opposite to lay betting. In a betting exchange, back betting is similar to if you were to bet against a traditional bookmaker. You are betting for something to happen, whereas in Lay Betting you are betting for something not to happen. Back betting can be useful as on some occasions, you can guarantee yourself a profit.

Choosing a Betting Exchange Site

With there being some competition between bookmakers in the exchange betting sector, you need to be able to decide which one is most appealing to you. There isn’t much decision making here at all as each betting exchange platform is very similar and has the same features.

Betting Markets

There are a number of different markets that allow you to bet on within a betting exchange. Football and Horse Racing are 2 of the most popular sports for it. It is not just the sport to consider, also look at the markets within the sports. For football, you are going to be able to predict more than just the win/ lose scenario, you will also be able to predict more “random” outcomes, such as shots in a game, number of goals, etc. A particular online bookmaker may have better markets for different sports. For example, football betting sites are not all the same, some offer more markets than others.

Betting Odds

You want to be able to find a betting exchange which has a huge customer base. This is where you are more likely to find the higher odds. The way in which you are going to be able to win more, is if you are going to be willing enough to bet with more. You want to be up against people that are willing to offer you a huge pay out if you are correct. So, with a 10/1 betting odds offer, there is a chance that one of you will get a pay-out of £100 off the other person. Betting Exchange can have a great effect on your sports bets, making you a lot more money than a traditional bookmaker, therefore it is a strategy that is a win for the bookies and a win for you if all goes well. Check out the top sites and see what odds you can get for placing your favourite bets, whether it be on a football match, on big competitions, such as champions league betting and more. Get involved yourself and start trading with fellow bettors!

Betfair

£100 Free Bet

New customer offer | Place 5 x £10 or more bets to receive £20 in free bets | Repeat up to 5 times to receive maximum £100 bonus | Min odds 1/2 (1.5). Exchange bets excluded | Enter the correct Betfair Promo Code on sign up. T&Cs apply

Betfred

£30 Free Bet + 30 Free Spins

New UK & NI customers only. 18+. Deposit & place first sports bet at a minimum of £10 in one bet transaction at evens (2.0) +.£30 paid in free bets within 10 hours of bet settlement, expires 7-days after issue. Offer not available to those registering on 06/04/2019. E-Wallet & Prepaid Card restrictions apply. Your first bet must be settled within 60 days of bet placement. SMS validation may be required. Full T&C's apply.

BetVictor

£30 Free Bet

New Customers bet £5 and Get 2x £10 Free Bets and a £10 Casino Bonus, wager 40x to withdraw winnings. Bonuses expire in 7 days. Credit/Debit Cards only.

Betway

£30 Free Bet

New UK & Ireland customers only. Min Deposit: £10. First deposit matched up to £30. 1 x wagering at odds of 1.75+ to unlock Free Bet. Credit Card, Debit Card & PayPal deposits only.

ComeOn

£10 Free Bet

£10 Free Bet: 1. 18+. New UK mainland customers only. 2. You must opt-in to the £10 Free Bet promotion upon registration. 3. Minimum £10 deposit and qualifying bet required at minimum odds of 4/5 (1.8) in any sportsbook market, within 14 days of opening account. Each way bets do not qualify for this offer. Each way bets do not qualify for this offer. 4. Min. deposit of £10 required 5. You will receive your £10 Free Bet Token within 24 hours of your qualifying bet being accepted. 6. Full Terms and Conditions.

Blacktype

£10 Free Bet

New customers only. Sign up for a Black Type account and place a bet of £10. You will be guaranteed a £5 casino bonus and will also receive an additional £5 free bet if your initial bet of £10 loses. 18+. Additional T&C apply.

Volt

£10 Free Bet

New players only. 18+. Spins are free of wagering requirements. First deposit of £20 required. Max winnings from spins is £500. Additional T&C apply.

Karamba

£10 Free Bet

Bonus Policy and Terms of Service apply. This offer is for new customers only and is available once per household. Max. FreeBet amount £10. Minimum Deposit and wagering on sport to activate the Free Bet is £10.

EnergyBet

£50 Free Bet

Offer is available only for customers registered in the UK. Min. £10 deposit required. Maximum bonus amount is £50. Select the Welcome Bonus on the deposit page before proceeding with payment. Welcome Bonus must be wagered 10 (ten) times on accumulator bets consisting of a minimum 3 (three) selections, minimum selection odds of 1/5(1.20), and minimum selections total odds 1/1 (2.00). T&Cs apply. 18+ BeGambleAware.org. Please bet responsibly.

BetRegal

£10 Free Bet

New customers only. Freebet amount £10. payment restrictions and country restrictions apply. 14 day expiry. Min odds 2.0. Further tcs apply.

Totesport

£35 Free Bet

This promotion is available to new UK (including Northern Ireland) internet and mobile customers only. Customers can qualify for both the up to £25 Matched Free Bet on Sports and £10 Cash Back on Totepool in either order.

TonyBet

£50 Free Bet

18+. New Customers only. bonus code TONY50. Min odds 1.65 within 30 days. Must be wagered 10x. Further terms and conditions apply.

888Sport

£30 Free Bet

New customers only • Minimum deposit £10 • using deposit code 30F • Min odds 1/2 • Free bets expires after 7 days • Deposit balance is available for withdrawal at any time. withdrawal restrictions.

MoPlay Sports

£30 Free Bet

Bet at least £10 with odds of 1.50 or higher and get 2 x £15 in free bets when your qualifying bet is settled. 13 days expiry. Free bets expire after 7 days. Certain bet types excluded. Must opt-in. 18+ & UK only. 1 Per new customer. Limited availability. Qualifying bet must settle within 13 days after registration. Free bet restrictions and full T&Cs apply.

22Bet

£50 Free Bet

New Players Only. Min odds 1.65 within 30 days. 10x Wagering. Wagering requirements met within 5 days. Further T&Cs apply.

Bwin

£10 Free Bet

18+, New Customers Only, Min Deposit £10, Min Odds 1/1, Max Free Bet £10. T&Cs Apply

Mr Green

£10 Free Bet

New Customers Only. Deposit and bet £10, min odds 3/1. Applies to 3+ fold, Expires in 7 days. Cannot be used on system bets. Further T&Cs apply.

LeoVegas

£100 Free Bet

18+ New customers only. Mobile Only. £10 min deposit activates 1x100% in-play profit boost. Max stake £10. Max extra winnings £100. Valid for 30 days. Skrill/Neteller deposits do not qualify. Full T&Cs apply

SportingBet

£10 Free Bet

In order to participate in this promotion, an Eligible Player must place an Eligible Bet during the Promotional Period. Players must be over 18 years old.

BoyleSports

£25 Free Bet

Get up to £25 in FREE BETS. Cash stakes only. Min £10 stake required for initial £5 free bet. Min odds ½. Max £25 in free bets. Subsequent free bets equal 50% average of each 3 qualifying bets. 13 bets required to receive full £25 free bet. 18+. T&Cs apply.