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Betting Exchange
A fairly new way for sports bettors to place is a wager is via a betting exchange, these sites have truly opened up the opportunities for a punter to have a bet.
The main difference is that once you join a betting exchange you can choose to either "back" or "lay" a wager on any number of sporting events.
A ‘Back’ bet is much like when you place a wager at a sportsbook, you decide which team or event you think is going to win and then place a wager and are given the odds offered by the sports book, if you selected correctly and your team or event wins you win.
A "Lay" bet is when you wish to place a wager on a team or event that is going to lose, in effect you are becoming the sportsbook and you can decide what odds you wish to offer on the team or event to lose.
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The beauty of using a betting exchange is that by allowing people to choose what odds they wish to offer or take by either backing or laying, there are some really good odds available with a very low over-round.
A sportsbook or bookmaker can have an over-round (this is their theoretical profit) usually around 120% - 140%, but with betting exchanges this figure is dramatically reduced occasionally it can fall below 100% meaning it is possible to bet on every horse in a race and still make a profit!
Betting Exchange Information:
Unlike sportsbooks, betting exchanges make their money by taking a small commission out of successful wagers only, and this is a relatively small amount to cover the running of the betting exchange
A great multitude of betting opportunities are available whether its horse racing, sporting events or even current affairs and novelty events like will it snow at Christmas.
If you have always fancied becoming a bookmaker then you should seriously consider trying out a betting exchange, with the low commissions and the sheer volume of both backers and layers you can make some serious money by hedging your bets.
Due to the constant movement of odds you can occasionally back everything in a chosen event to win and still make a profit.
Another benefit of using a betting exchange is that you can also bet in-running - This means you can either back or lay the outcome of, for example, a soccer match right upto the last minute, or you could back or lay a horse after the race has started right upto the point it reaches the winning post.
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Gaming Articles
Below are several sports-betting related artices we think you may find interesting, simply give any of those topics you wish to read about a click!
Studying The Form - Learn more about what to look for when sports betting
Single Bet Types - Learn the different bets that can be placed at online sportsbooks.
Multiple Bets - Discover how to place mutliple bets on any sports betting opportunity.
How to bet - New punters get your head around betting online with our quick guide.
Money Lines - What are moneylines, well come and find out then you'll know!
Sports Betting Tips - A level headed approach to picking a winning sports bet.
Risk Free Betting - A no lose way to bet on sports, which is what you want.
Value Analysis - Tracking down the best betting propotions and gaing an advantage.
History of Sports Betting - A insight into the past history of betting.
Sports Betting Introduction - A beginners guide to all sports bets.
Sports Betting Rules - Learn the rules at all times before you make a wager.
Betting Exchange - The new way to back or lay bets with odds you won't believe.
Sports Betting Strategy - Gain maximum advantage by planning a top strategy.
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