What is a Sports Betting Exchange?

The world of sports betting is ever-changing, and so are we! We are constantly looking for new ways to make your experience as convenient and pleasant as possible. One of the most popular platforms for online sports betting is Betfair. They are a European company that started in 2001 and offer a wide variety of betting markets, including traditional sports such as football and tennis, as well as more obscure sports like car racing and American football. They operate in over 100 countries and are available in 14 different languages. In the U.S., you can find their website listed on the New York Stock Exchange! Here’s a short video that explains what exactly is a Sports Betting Exchange (SBE):

How Does This Differ From Traditional Sports Betting?

If you’re a traditional sports bettor, you will be accustomed to making your wagers manually, entering them one by one into a sports book. However, this can become extremely time-consuming, especially if you’re betting on more than one event, like the Super Bowl. Fortunately, there are alternatives to this, like the Sports Betting Exchange. Instead of entering multiple bets one by one, you can create a single bet with multiple legs, which is fairly common when betting on sporting events, particularly in the United Kingdom where leg bets are popular. For example, you can have a leg bet on the outcome of the game, and if your favorite team wins the game but loses the leg, you lose your bet. In simpler terms, this is typically known as an asymmetric bet.

The advantage of this approach is that it requires less mental effort. You don’t need to keep track of multiple bets, and you don’t have to try and figure out which leg to bet on. For instance, if you’re betting on a football game and the spread is 3 points, you would typically want to bet on the game, not the over/under. However, if you want to make sure you get your money back if your team loses, you should opt for the over/under. Entering multiple bets one by one has the potential to leave you susceptible to fraud. In theory, this is less of an issue with asymmetric bets, but it’s always handy to be on the safe side.

Why Should You Use An SBE?

There are several excellent reasons why you should use a Sports Betting Exchange instead of traditional sports betting. Here are just a few:

The Platform Is Highly Rated

As we mentioned, Betfair is one of the most popular Sports Betting Exchanges available today, so it’s a good idea to go with a top-notch platform. The good news is that their reputation is well-deserved, as they have one of the most positive reviews available on the web, with a 4.9 out of 5 stars.

The reason for this is that the site is safe, easy to use, and most importantly, highly rated by its customers. Interestingly, the platform is also available in a number of different countries, so even if you’re not located in the U.K., you can still use this service. It is important to find a Sports Betting Exchange that is reliable and offers a good rating, especially if you’re betting on something important.

Trusted And Secure

Another excellent reason to use a Sports Betting Exchange instead of traditional sports betting is that the former is generally more secure. This is especially beneficial if you’re betting on sporting events, where you might be tempted to go for high wagers. While it’s not necessarily a bad idea to bet high, it’s better to be safe than sorry, so long-term betting is generally safer with an SBE. If your concern is safety issues, consider using a VPN to ensure that your personal information is always protected when working with foreign sites.

Customer Support Is On-Point

One advantage of using a traditional sports book rather than an SBE is that the later generally has better customer support. In most cases, you will need to contact the company directly if you have any queries or problems regarding your account. It would be great if this could be carried out via live chat, although this is not always the case. Instead, you might need to wait a couple of days for someone to respond to your email.

On the other hand, many online sportsbooks, including Betfair, have a 24/7 phone support line, which is great if you’re ever in need of assistance. So, although it is a pain to have to call someone and get put on hold for the entire conversation, at least you will have someone to talk to if you’re ever in need. Checking the website FAQs or using a live chat function is also another option, rather than simply sending an email which might not get answered right away.

The Picks Are Accurate

Finally, it’s important to mention that accurate sports betting predictions are pretty much a given, whenever you use a trusted source for information, like an SBE. This is partly because the data input is usually done by professionals who have an interest in getting the results right, but it’s also because the technology that underlies sports betting, generally known as a bookmaker’s algorithm, ensures that the results are as close to what actually happens as possible. While it is possible to get lucky and make some money from gambling on sports events, due to the high degree of accuracy that comes with using an SBE, it’s really not required.

In conclusion, using a Sports Betting Exchange instead of a traditional sports book is a great way to eliminate the hassles involved with manually making wagers. You don’t need to keep track of multiple bets, and you don’t have to worry about losing due to fraud. Not only that, but you can also be sure that the information input is accurate and up-to-date. All in all, it’s a safe bet that a Sports Betting Exchange is the way forward for anyone who is serious about sports betting.