Betting Exchanges and Lay Betting - An Introduction by Martin Bailey
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Too many gamblers are still dwelling in the 'dark ages' and will only actually place a guess with a traditional bookmaker. They possibly can't be bothered to learn how the exchanges work or simply don't realise the features and value that can be had when betting within an exchange environment. Believe me, using a betting exchange is very easy, and if you are not already using at the very least one exchange you should join one immediately after reading this article... I'm not saying that a betting exchange should be used for all your betting. There will still be occasions when a traditional bookmaker will offer more fascinating odds than those that are available on the exchanges. However, in the majority of cases you will find better value on the exchanges and additionally there are other Very Important features that only the betting exchanges offer. More on this afterwards... --> So What Is A Betting Exchange? Set very simply, betting exchanges are a protected place where members of the betting public can exchange bets with each other anonymously, at odds that they specify themselves. The exchange companies simply act as the 'middleman' and match peoples bets. As there are no bookie margins to factor in, prices are very often more fascinating. The betting exchange companies make their money by taking a commission payment on your profitable bets. This is usually in the location of 3 - 5%, but even taking this into account, it's very common to find better prices on the exchange. The cumulative effect of better prices when combined with a good staking plan, can make the difference between you generating a healthy profit or a bad loss. Using an exchange does not mean you will automatically win more frequently! You still have to find good value profitable bets yourself or via a professional tipster but it's the effect of getting a better return on your profitable bets that will boost your betting lender and protect you during shedding streaks. Most people use the betting exchanges on the internet, but you can also place bets on the telephone. --> Betting Exchange Advantages As well as regularly finding better prices when backing a selection, exchanges also give the gambler some other very important advantages over traditional bookmakers. --> Some of the key advantages are: 1) The ability to LAY a selection if you think it will not win. 2) The ability to Back again or LAY a selection to be Put. (This is very different to the well know Each Way guess offered by bookies and can be very powerful). 3) Betting IN Running on many events Including HORSE RACING. This can give you many advantages and opens the door to new methods that may protected you more profits. 4) If you are very successful, you will not have the exchange company threatening to shut your account down. 5) The ability to TRADE on price movements in betting events to guarantee yourself a profit regardless of the result. 6) Arbitrage Opportunities. Bookie and exchange price discrepancies often allow you to take a NO Risk guess. Those are some of the key benefits of using a betting exchange and I will dig deeper into these and explain how you can use them to your advantage in future betting articles. For the remainder of this article, lets concentrate on point 1, LAYING a selection to Lose. --> LAYING To Lose - A Major Advantage Of The Betting Exchanges Probably the most important feature of a betting exchange is the ability to LAY a selection. But what does laying a selection mean? Laying a selection is often referred to as 'Playing the role of a bookmaker'. Like a bookie, you offer a price against a selection / event occurring (eg. a certain horse to win a race or a football match ending as a draw). You only do this if in your opinion there is a great chance that the horse won't win or the football match will not end as a draw. The betting exchanges simply match your lay bets with other customers who think the opposite of you (eg they think the horse will win or the match will end as a draw). --> Lay Liabilities The odds that you offer determine how much money you will need to 'pay out' if the selection actually wins (just like the bookie does when you have a profitable guess with them). So if you were to place a lay guess of ВЈ10 at 5. (4/1) against a selection, you would be liable to pay out ВЈ40 from y
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Too many gamblers are still dwelling in the 'dark ages' and will only actually place a guess with a traditional bookmaker. They possibly can't be bothered to learn how the exchanges work or simply don't realise the features and value that can be had when betting within an exchange environment. Believe me, using a betting exchange is very easy, and if you are not already using at the very least one exchange you should join one immediately after reading this article... I'm not saying that a betting exchange should be used for all your betting. There will still be occasions when a traditional bookmaker will offer more fascinating odds than those that are available on the exchanges. However, in the majority of cases you will find better value on the exchanges and additionally there are other Very Important features that only the betting exchanges offer. More on this afterwards... --> So What Is A Betting Exchange? Set very simply, betting exchanges are a protected place where members of the betting public can exchange bets with each other anonymously, at odds that they specify themselves. The exchange companies simply act as the 'middleman' and match peoples bets. As there are no bookie margins to factor in, prices are very often more fascinating. The betting exchange companies make their money by taking a commission payment on your profitable bets. This is usually in the location of 3 - 5%, but even taking this into account, it's very common to find better prices on the exchange. The cumulative effect of better prices when combined with a good staking plan, can make the difference between you generating a healthy profit or a bad loss. Using an exchange does not mean you will automatically win more frequently! You still have to find good value profitable bets yourself or via a professional tipster but it's the effect of getting a better return on your profitable bets that will boost your betting lender and protect you during shedding streaks. Most people use the betting exchanges on the internet, but you can also place bets on the telephone. --> Betting Exchange Advantages As well as regularly finding better prices when backing a selection, exchanges also give the gambler some other very important advantages over traditional bookmakers. --> Some of the key advantages are: 1) The ability to LAY a selection if you think it will not win. 2) The ability to Back again or LAY a selection to be Put. (This is very different to the well know Each Way guess offered by bookies and can be very powerful). 3) Betting IN Running on many events Including HORSE RACING. This can give you many advantages and opens the door to new methods that may protected you more profits. 4) If you are very successful, you will not have the exchange company threatening to shut your account down. 5) The ability to TRADE on price movements in betting events to guarantee yourself a profit regardless of the result. 6) Arbitrage Opportunities. Bookie and exchange price discrepancies often allow you to take a NO Risk guess. Those are some of the key benefits of using a betting exchange and I will dig deeper into these and explain how you can use them to your advantage in future betting articles. For the remainder of this article, lets concentrate on point 1, LAYING a selection to Lose. --> LAYING To Lose - A Major Advantage Of The Betting Exchanges Probably the most important feature of a betting exchange is the ability to LAY a selection. But what does laying a selection mean? Laying a selection is often referred to as 'Playing the role of a bookmaker'. Like a bookie, you offer a price against a selection / event occurring (eg. a certain horse to win a race or a football match ending as a draw). You only do this if in your opinion there is a great chance that the horse won't win or the football match will not end as a draw. The betting exchanges simply match your lay bets with other customers who think the opposite of you (eg they think the horse will win or the match will end as a draw). --> Lay Liabilities The odds that you offer determine how much money you will need to 'pay out' if the selection actually wins (just like the bookie does when you have a profitable guess with them). So if you were to place a lay guess of ВЈ10 at 5. (4/1) against a selection, you would be liable to pay out ВЈ40 from y
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