Skip The Horse Race Bookmakers Go Direct With a Betting Exchange

Betting exchanges are being more and more popular across the world. One of the largest is Betfair. Launched in June 2000 Betfair is the largest online betting company in the UK and the largest bet exchange in the world. Exchanges allows punters (betters) to bet at odds set by other punters. This eliminates the need for bookmakers.

Members can make Back bets, ones placed on the horse to win, or Lay bets. Lay bets are one where you expect the horse to lose. Other benefits of using a betting exchange are that you usually get better odds than with traditional horse racing bookmakers. If you think a horse should be 4/1 you can just post a message asking for such odds. Someone who wants to lay that bet will connect with you. Of course you should be realistic with your requests. You are dealing with other punters not a newbie. You can also bet on a horse race as it is taking place. This can make it quite exciting as the horses make it Down the Stretch at the New Course at Cheltenham Racecourse. Bear in mind this is not for the weak.

Finally with an exchange you can take advantage of the movements in the odds on a horse. Almost to a point where you can guarantee profits. Here is how it works. You find a horse going off at 3/1 and place a Back bet on the horse for 50. The odds on that horse then fall to 2/1 because a lot of other punters are placing money on this horse. You then place a Lay bet for 67 at 2/1 odds. So how can you guarantee profits? If you horse wins you will get the 150 on your Back bet. Naturally you will lose your 134 Lay still giving you a profit of 16. If your horse loses you still make money. You lose your 50 bet but you make good on your Lay bet of 67. So you still make 17. Not a bad way to lock in some profits.

Betting Exchanges let you place bets on almost any sport. You can even bet on the results of the popular TV show Big Brother. Its a great spot where punters can get together and make bets.

To get more information on Betting Exchanges go to: www.horseracebettingguide.com

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