As known from:
The SunFootball365Sportskeeda
Alerts
Latest Deals
Write a Review
Write a Review
Nothing Found
About betting.net
  • Betting.net on YouTube
  • About betting.net
  • The betting.net Crew
  • How We Rate
  • Play Responsibly
  • Contact us
  • Writers Wanted
  • Content Disclaimer
  • Affiliate Disclosure
Contains commercial content
Alerts
Latest Deals
Write a Review
Write a Review
Nothing Found
About betting.net
  • Betting.net on YouTube
  • About betting.net
  • The betting.net Crew
  • How We Rate
  • Play Responsibly
  • Contact us
  • Writers Wanted
  • Content Disclaimer
  • Affiliate Disclosure
Betting.net / What is Betting Exchange? Betting Exchange Explained in 2 minutes

What is Betting Exchange? Betting Exchange Explained in 2 minutes

Publish Date: March 31, 2021
Fact checked by: Jesse M Cox

What Is A Betting Exchange?

Betting exchanges offer a form of sports betting in which customers back and lay bets against each other rather than with a sportsbook. The appeal of betting exchanges lie in the fact that they allow anyone taking part to assume the role of bookmaker for other users, and they frequently offer better odds than actual bookmakers, because those odds are controlled by the people using the exchange.

How are Betting Exchanges Used in Sports betting?

The basic principles of a betting exchange are relatively simple, although they can be used by those with more experience of sports betting in order to lock in a profit on a particular bet. Everyone taking part can either back, which means betting on events, or lay, which means taking other peoples bets. Backing a selection means betting that the horse, player or team you’ve chosen will win. Laying against a selection means taking the stake bet by another user in the hope that the selection they’ve made is going to lose. The odds on any given outcome will change as multiple bets are made.

When the odds on a result shift in a particular direction, experienced users of betting exchanges often take the chance to back and lay on the same selection. This means that a bettor can lay a bet on a horse at a certain price and then, as the odds get longer, they can back the same selection, meaning that they are guaranteed a profit whether the selected horse wins or loses. Betting exchanges also offer multiple in play bets on a huge variety of sports, and are an ideal vehicle for bettors who have a degree of experience of placing bets with bookmakers and now wish to hone their gambling skills in a more complex and varied setting.

Bet365
Recommended
Favicon
4.6/5
Requirements (WR):
Min. Deposit: $10
Min. Odds: -500
Bet365 Bonus
Bet $1 & Get $200 in Bonus Bets
Virginia
Players from Virginia accepted
T&Cs apply, 21+
Go to Bet365
Get Bonus
Payment Methods
Find out more on Bet365.
Withdrawal
0 – 10 Days
Apps
License
Virginia (US) Lottery Board
BetMGM
Hot Offer
Favicon
4.6/5
Requirements (WR): 1x Bonus
Min. Deposit: $10
Min. Odds:
BetMGM Bonus
100% up to $1000
Virginia
Players from Virginia accepted
T&Cs apply, 21+
Copy
Get Bonus
Payment Methods
PayNearMe
PayPal
Bank Transfer
+
Withdrawal
1 – 5 Days
Apps
License
Virginia (US) Lottery Board
BetRivers.com
Hot Offer
Favicon
4.5/5
Requirements (WR): 1x Bonus
Min. Deposit: $10
Min. Odds: -200
BetRivers.com Bonus
100% up to $500
Virginia
Players from Virginia accepted
T&Cs apply, 21+
Copy
Get Bonus
Payment Methods
PayNearMe
Bank Transfer
VIP Preferred
+
Withdrawal
0 Days
Apps
License
Virginia (US) Lottery Board
PointsBet
4.
Favicon
4.5/5
Requirements (WR): 1x Deposit
Min. Deposit: $10
Min. Odds:
PointsBet Bonus
5 x $50Bet Credits
Virginia
Players from Virginia accepted
T&Cs apply, 21+
Copy
Get Bonus
Payment Methods
E-Check
Prepaid Card
PayNearMe
+
Withdrawal
1 – 5 Days
Apps
License
Virginia (US) Lottery Board
FanDuel
5.
Favicon
4.5/5
Requirements (WR): 1x Deposit
Min. Deposit: $10
Min. Odds:
FanDuel Bonus
Get up to $1,000 back in bonus bets
Virginia
Players from Virginia accepted
T&Cs apply, 21+
Go to FanDuel
Get Bonus
Payment Methods
Prepaid Card
PayNearMe
PayPal
+
Withdrawal
1 – 10 Days
Apps
License
Virginia (US) Lottery Board
Unibet
6.
Favicon
4.5/5
Requirements (WR): 1x Bonus
Min. Deposit: $10
Min. Odds:
Unibet Bonus
100% up to $100
Virginia
Players from Virginia accepted
T&Cs apply, 21+
Go to Unibet
Get Bonus
Payment Methods
E-Check
Prepaid Card
PayNearMe
+
Withdrawal
0 – 7 Days
Apps
License
Virginia (US) Lottery Board
WynnBET
7.
Favicon
4.5/5
Requirements (WR): 1x Deposit
Min. Deposit: $100
Min. Odds: -120
WynnBET Bonus
Bet $100 Get $100
Virginia
Players from Virginia accepted
T&Cs apply, 21+
Go to WynnBET
Get Bonus
Payment Methods
Visa
Mastercard
PayPal
+
Withdrawal
1 – 5 Days
Apps
License
Virginia (US) Lottery Board
Barstool
8.
Favicon
Requirements (WR):
Min. Deposit:
Min. Odds:
Barstool Bonus
Virginia
Players from Virginia accepted
T&Cs apply, 21+
Payment Methods
E-Check
PayNearMe
PayPal
+
Withdrawal
1 – 5 Days
Apps
License
Virginia (US) Lottery Board

See Also:

Matched Bets

Sportsbook

Read Also
What is Lay Betting? Lay Betting Explained in 2 minutes
Most sports betting consists of betting that an outcome or event will ...
What is an Anytime Touchdown Scorer?
A touchdown is a means of scoring six points during a game ...
BetMGM Promo
What is Arbitrage? Arbitrage Explained in 2 minutes
Arbitrage is the name for a system of betting which seeks to ...
What is Spread Betting? Spread Betting Explained in 2 minutes
Spread betting is a form of sports betting in which the bettor ...
What is Back And Lay? Back And Lay Explained in 2 minutes
Back and lay are two different types of bet. To back something ...
Sportsbook of the month
PointsBet - Get your Bonus Bet now! Get your Bonus Bet now!
Top Betting Sites
Top Betting Bonuses
Bet365
Bet365
Bet365 Review
4.6/5
BetMGM
BetMGM
BetMGM Review
4.6/5
BetRivers.com
BetRivers.com
BetRivers.com Review
4.5/5
PointsBet
PointsBet
PointsBet Review
4.5/5
FanDuel
FanDuel
FanDuel Review
4.5/5
Bet365
Bet365 Bonus
Bet $1 & Get $200 in Bonus Bets
T&Cs apply
4.6/5
Bet $1 and Get $200 in Bonus Bets at bet365. Deposit required. Bonus Bets winnings are added to Bonus Bets balance. Bonus Bet wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
BetMGM
BetMGM Bonus
100% up to $1000
T&Cs apply
4.6/5
BetRivers.com
BetRivers.com Bonus
100% up to $500
T&Cs apply
4.5/5
PointsBet
PointsBet Bonus
5 x $50Bet Credits
T&Cs apply
4.5/5
FanDuel
FanDuel Bonus
Get up to $1,000 back in bonus bets
T&Cs apply
4.5/5
Latest News
Ontario iGaming Update For June 2023 – Province Becomes Fifth Largest i...
Online gambling and sports betting has only been ...
MGM Resorts implements new gaming streaming, photo policies
Hospitality and entertainment company MGM Resorts International has ...
Danville: Golden Nugget casino officially opens this Saturday
The Golden Nugget Danville Casino will finally open ...
Mississippi gaming revenue hits $3B milestone record
Mississippi's gaming revenue has surged from $122 million ...
Fanatics Sportsbook in talks to acquire PointsBet USA
Fanatics Sportsbook, the sports betting division of renowned ...
All Odds Categories
Show More
Get the latest updates in Sports and Casino via our Newsletter
Poker & Bingo

Full coverage of poker and bingo, from reviews of providers to guides and much more besides!

Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.

Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.

21+NCPG
Move to Top
Close
Stake.us Exclusive Bonus
5% Rakeback
Promo Code
Copy
Visit Site
T&Cs apply, 18+
Payment Methods
Bitcoin
Litecoin
Ethereum
Dogecoin
Highlights
  • Exclusive promo code: BETCRYPTO
  • Drake loves this social casino!
  • Play for free with Gold Coins!
Stake Originals
Dice
Crash
Plinko
Mines
×
Your Bonus Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site