Betting Exchanges

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Below is a list of the most popular betting exchanges online. Some, such as Betfair, you may have heard of while others may be new to you. We have reviewed all of these betting exchanges by being users of the sites for many years and have provided honest and impartial reviews of each of them.

Betting exchanges play a large part in matched betting and being registered and familiar with the sites will allow you to make more profit by having a wider selection of odds, liquidity and markets.

All of the sites listed below are considered trustworthy and legitimate and are used by thousands of matched bettors on a daily basis. We recommend reading the reviews and registering with at least two betting exchanges for more choice when matched betting.

Betfair Exchange

4.7 out of 5
Rating: 4.7

A look at Betfair exchange and how to use it when matched betting

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4.4 out of 5
Rating: 4.4

A guide to Smarkets betting exchange which is an excellent alternative to Betfair

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4.2 out of 5
Rating: 4.2

A review and guide on how to use Betdaq betting exchange and how it compares to Betfair.

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4.1 out of 5
Rating: 4.1

A look at betting exchange and how to use it for matched betting

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Why do I need betting exchanges when matched betting?

Betting exchanges are essential when matched betting. While you place your back bets with a bookmaker, you will place your lay bets with a betting exchange to cover all outcomes.

Which betting exchange should I sign up to?

It's recommended that you sign up to multiple betting exchanges as this gives you more options when finding good matches. Different betting exchanges have different odds, varying amounts of liquidity, provide different markets and have different commission charges. Being registered at multiple betting exchanges gives you the potential to make more profit by taking these factors into consideration.

I've signed up to them all. Which one should I use?

The answer to this question depends on the various factors as mentioned in the paragraph above. Thankfully, the majority of matched betting sites provide oddsmatchers which will show you the best exchange to use by calculating the potenital profit that can be made by using each one for a particular bet.

Betting Exchange Fees

Betting exchanges work differently to bookmakers in that you are betting against other peoples bets rather than against the bookmaker. Bookmakers make money when players lose bets. However, if you lose a bet on an exchange, it is not the exchange that takes the winnings but other members. Therefore, to generate an income the exchange charges a commission which is usually a percentage of winnings from a bet. Commission charges vary from one exchange to another but they are usually around the 2-5% mark.

Betting Exchange Promotions

Although betting exchange promotions are generally not as generous as those from bookmakers, there are still some good free bets and promotions available for new customers. Read our reviews to see the latest free bets and reduced commission charges you can get for signing up as a new customer.