Our guide to Betting Exchange will give you a simple and straightforward understanding of all the necessary and sequential steps to enter the magnificent world of sports trading.
Having a guide to betting exchange where you can find schematically all the the necessary information is undoubtedly an important aid for beginners or for those who approach for the first time to this new type of betting, while it may result unnecessary for those who already know it and have been working in it for some time. In our website there is already enough material in order to understand exactly what is betting exchange and how it works, but it isn’t prepared sequentially and in an orderly way and those who don’t know how to move between the main topics of the back and lay can find some comprehension difficulties.
On the site you will find an infinite number of material concerning the betting exchange but you have to navigate among the articles of your interest while in the book and in the guide you have a logical thread that especially helps those who are beginners and do not know where to start.
For this reason, we prepared the guide Betting Exchange in pdf, that will be soon available on a specific and dedicated website. On the side you will find the main topics of the tutorial guide to betting exchange.
- 1. Learn to know Betting Exchange
- 2. Absence of the bookmaker
- 3. Discover the advantages
- 4. Open an account
- 5. Key terms of the betting exchange
- 6. Betting Exchange Strategies
- 7. Learn to operate
- 8. FAQ
Learn to know Betting Exchange
Before you start using real money or you open an account, you should understand exactly how betting exchange works, how to do sport trading or how to apply the easiest strategies of back and lay.
On every website of betting exchange you can find a lot of material, that will make easier the comprehension to you, but we suggest to buy our book “Betting Exchange: the Revolution of Sport Trading” by Gianluca Landi, which is worded to make people know and understand this new way of betting and trading.
The book is written in a simple way and with a logical thread, which respects the salient topics that facilitate the understanding of the subject in question. This type of treatment and exposition has been possible due to the huge experience of engineer Landi in the sphere of sport trading and around training and business consulting. The book is available on Amazon both in digital format and in printed form to keep it always with you and consult it when you need it.
On the contrary, if you want to use our free material, you can do it on the website, but our advice is to read the summary of the book in the aforementioned article and to follow the logical thread recommended by the author, that is the result of a careful study and tests done with his students.
Absence of the bookmaker
In the betting exchange there is no figure of the bookmaker or the one who quotes the sporting event and provides liquidity for betting. Consequently, in order to place a bet it is necessary that there are the proposals entered by the customers otherwise it will not be possible to bet on that event and at the odds chosen by us.
The owner of the exchange platform, on the other hand, does not place any bets, but manages the technological infrastructure and the administrative part connected to the gaming account and for this work receives a commission only on profits made in general of 5%.
The bookmaker's gain is the customer's loss and consequently he is not happy if he earns and lately the blocked and limited accounts by the bookmaker have become more and more frequent. In the betting exchange the owner of the platform is happy that the customer earns because he collects a commission. Here if you are good you will have no one to hinder your earnings and no account closure!
Discover the advantages
Once you followed the steps of the previous part, you will have surely understood the enormous advantages of the betting market and you will have matured the idea of starting to get a deeper knowledge of this extraordinary system.
It’s clear that the use of bookmakers and bets made up to now makes no sense and you will have regret for the lost time and the lack of knowledge of the back and lay. The time of betting know as gambling or financial trading on manipulated markets or in the hands of brokers forex dealing desk or instruments such as binary options is over. It’s time to begin to do things in a serious way!
The advice we give to everybody is to do things in a professional way and to leave web instruments that don’t have a logical sense. Knowledge and study are everything in business and in life.
Let's quickly see what the main advantages are:
- absence of the bookmaker
- higher odds
- possibility of exiting the bet
- cash out
- commission only on profits made
Open an account
Now you are finally ready to open a betting exchange account with the main operators of the Italian outline.
Open an account is very easy and you can use the banners in our website, where there are always some bonus and exclusive promotions.
If you want the explanation of how to open a betting exchange account with the different operators, you can choice at one of the link below:
- Open a back and lay account with Betfair
- Open a back and lay account with Betdaq
The opening of the betting exchange account with Betfair, that we recommend, is also used to use sports trading software and to start testing with virtual money. To use the trading platform you must have opened an account that is necessary to see the real-time odds of the Betfair exchange.
In this phase, it is better not to operate with real money, but to understand the movement of the odds and how markets work.
Key terms of the betting exchange
To fully understand the functioning of the betting exchange, one must learn the key and fundamental terms on which this new form of investment and non-gambling is based.
The terms we recommend you learn right away are:
Laying a bet
Laying a bet of a market means betting that that event does not occur and in fact you become a "bookmaker". Laying a bet involves the responsibility of paying the bet to whoever wins it and it must be taken into account that you have a different exposure than simply placing a stake. Laying a odds allows you to do sports trading and exit the market at any time.
Making cash out allows you to split the profit made at a given time and exit the market. If the cash out is positive, there is a profit whatever the final result of the event itself is. It is essential to make cash out and never re-enter the market.
When there is a goal, a red card or something unclear in the betting exchange the market is suspended and it is not possible to place more bets in the market.
Delay to place a bet
During live bets are not placed in real time but with a delay that depends on the market and the operator of the platform. Consequently, attention must be paid to when placing the bet as it is not placed immediately.
In the betting exchange there is no bookmaker who gives the coupon of the bet placed but this is combined in the market or when there is a bet of opposite sign to our quota and with an amount that can cover the stake entered. If there is odds and liquidity the bet is matched.
Betting Exchange Strategies
After reading the book, start experimenting with virtual money using the strategies described by us with a stake in percentage terms that respects money management.
In this phase you will begin to understand how the odds move in real time, what is betfair delay etc.
Many things may seem difficult at first but it is only a matter of practice. You must make use of what you have learned and there is nothing to do as in all things: you need to invest time and money on yourself which is the best investment that can be sustained and which will pay off in the future. If you don't invest in yourself, who will do it for you?
If you do things seriously and professionally, everything will be repaid with interest and you too can start earning with the betting exchange
In the strategies section you will find all the points you need to follow for choosing the best betting exchange strategy based on the parameters we propose. To give an example: those who do not have time to devote to this profession or cannot be concentrated for the duration of the whole game obviously cannot do scalping but must turn to strategies that do not require concentration or an accurate vision of the match. Choose the one that best suits your aptitudes or characteristics. We are not all the same and consequently we must find the way in this sector.
The best betting exchange strategies to get started are:
- Lay the draw
- Bet under 2.5 and make cash out
Learn to operate
After step 3, the opening of the account, now you can begin a free trial of 30 days with Traderline: the first betting exchange software which arrived in Italy. After reading the book, you can begin to make tests with virtual money, using the strategies described by us, and above all with a stake in per cent terms, that respects money management recommended by us, whether you are working with virtual money or real money.
In this phase you will begin to understand how the odds move in real time or what is the betfair delay etc…
At the beginning a lot of things may seem difficult, but it’s just a matter of practice. You must bring in what you learned and the only thing to do is to invest in time and in money on yourself, which is the best investment that you can support and that will repay you in the future.
If you don’t invest in yourself, who will do it?
If you do things in a serious and in a professional way, everything will be repaid with interests, and you will have the possibility to begin to earn with betting exchange.
Deep and improve
You’re now arrived at the final step: the step in which you can go beyond improving and deepening the sport trading.
With a lot of time and study, some of you will be already become operating and some will have already begin to achieve some profit.
The journey to understand this whole new world all by yourself will not be easy, ma everyone can do it!
For those who want to go into betting exchange thoroughly in a professional way, there are some betting exchange courses through our betting school, which helps to shorten the learning time and become operational in the shortest possible time. That’s unnecessary to precise, that trading is a dynamic activity, so you can’t find everything in a book or in a website. It’s necessary to see a book in real time and understand the dynamics of the movement of the odd directly with someone who can do it and then who can teach it.
If you see someone doing trading and explaining what he’s doing live, that changes the perspective and everything becomes easier. Obviously the student has to apply himself and to study what he learned, otherwise he won’t succeed in it.
For those who start and want to understand the back and lay, it is fundamental to understand the meaning of the key terms of the guide to betting exchange, which are the basis of this new type of betting and of his functioning.
What does betting exchange mean?
Making a betting exchange means using a site that allows you to lay a bet with the possibility of exiting the market at any time. You do not play against a bookmaker but against other players and therefore if you are good you win without anyone being able to close your account.
What are the betting exchange strategies?
Betting exchange strategies consist in using certain markets and odds to enter the market and exit in case of profit or to minimize losses. The strategies are multiple and range from laying the tie, to bet the overs to dutching.
Can you make money on the betting exchange?
Yes, of course with the betting exchange you can earn in the long term as long as you always use correct money management and learn the rules and operating methods. With this methodology you can build a job.
What is cash out?
Cash out is an option present on the Betfair website or in the main software (it is called green up) and consists of a mathematical calculation of dividing the profit on all markets in order to have a certain profit before the match ends. This is the distinctive point between betting exchanges and bookmakers.
What does it mean to lay a bet?
To lay a bet means to sell the bet to another user by actually behaving like a bookmaker. By placing the odds you have a responsibility or you have to pay the bet in case the other user wins the bet. You must be very careful not to bank at high altitudes.
Which sites offer betting exchanges?
The sites that offer betting exchanges are Betfair, Betflag, Smarkets, Matchbook, etc
For those who want to know more about these topics and who want to have something that goes beyond our guide, we advise to buy the book “Betting Exchange” by Gianluca Landi. You can find it on Amazon or on the main Italian digital libraries.
Knowledge comes at first and it is an integral part of any activity.
How does the betting exchange work? This is certainly the first question that arises who hears this term or reads on some website an article that deals with the topic. Upstream of this fateful question we must ask ourselves, but what is the Betting Exchange or as a further synonymous “back and lay
- Written by: Gianluca Landi
- Category: Betting Exchange Guide | The ultimate guide to back and lay