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
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
Contains commercial content

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
4.7/5
Requirements (WR): 1x Bonus
Min. Deposit: $10
Min. Odds: -500
Bet365 Bonus
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
Virginia
Players from Virginia accepted
T&Cs apply, 21+
Go to Bet365
Get bonus now
Payment Methods
Find out more on Bet365.
Withdrawal
1 – 10 Days
Apps
License
Virginia (US) Lottery Board
Award
EGR – Operator of the year (2017)
At bet365 we don’t do ordinary, that’s why if you sign up now you’ll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
Show less
BetMGM
Hot Offer
Favicon
4.7/5
Requirements (WR):
Min. Deposit: $10
Min. Odds:
BetMGM Bonus
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
Virginia
Players from Virginia accepted
T&Cs apply, 21+
Copy
Get bonus now
Payment Methods
PayNearMe
PayPal
Bank Transfer
+
Withdrawal
1 – 5 Days
Apps
License
Virginia (US) Lottery Board
Award
GGA – Digital Operator of the Year (2023)
Show less
FanDuel
Hot Offer
Favicon
4.6/5
Requirements (WR): 1x Deposit
Min. Deposit: $10
Min. Odds:
FanDuel Bonus
Bet $5 Get $200 in Bonus Bets if your bet wins
Virginia
Players from Virginia accepted
T&Cs apply, 21+
Go to FanDuel
Get bonus now
Payment Methods
Prepaid Card
PayNearMe
PayPal
+
Withdrawal
1 – 10 Days
Apps
License
Virginia (US) Lottery Board
Award
Global Gaming Awards (2022)
Show less
Caesars
4.
Favicon
4.5/5
Requirements (WR): 1x Deposit
Min. Deposit:
Min. Odds:
Caesars Bonus
100% up to $1000
Virginia
Players from Virginia accepted
T&Cs apply, 21+
Copy
Get bonus now
Payment Methods
E-Check
PayNearMe
PayPal
+
Withdrawal
1 – 5 Days
Apps
License
Virginia (US) Lottery Board
Show More
BetFanatics
5.
Favicon
4.4/5
Requirements (WR):
Min. Deposit:
Min. Odds:
BetFanatics Bonus
Bet $100, Get $100 in Bonus Bets Every Day for 10 Days!
Virginia
Players from Virginia accepted
T&Cs apply, 21+
Go to BetFanatics
Get bonus now
Apps
License
Virginia (US) Lottery Board
Show More
Barstool
6.
Favicon
Requirements (WR):
Min. Deposit:
Min. Odds:
Barstool Bonus
Virginia
Players from Virginia accepted
T&Cs apply, 21+
Best Alternative
Bet365 Go to Bet365
Payment Methods
E-Check
PayNearMe
PayPal
+
Withdrawal
1 – 5 Days
Apps
License
Virginia (US) Lottery Board
Show More

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 ...
Top Betting Sites
Top Betting Bonuses
Bet365
Bet365
Bet365 Review
4.7/5
BetMGM
BetMGM
BetMGM Review
4.7/5
FanDuel
FanDuel
FanDuel Review
4.6/5
Caesars
Caesars
Caesars Review
4.5/5
DraftKings
DraftKings
DraftKings Review
4.5/5
Bet365
Bet365 Bonus
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
T&Cs apply
4.7/5
At bet365 we don't do ordinary, that's why if you sign up now you'll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
BetMGM
BetMGM Bonus
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
T&Cs apply
4.7/5
FanDuel
FanDuel Bonus
Bet $5 Get $200 in Bonus Bets if your bet wins
T&Cs apply
4.6/5
Caesars
Caesars Bonus
100% up to $1000
T&Cs apply
4.5/5
BetFanatics
BetFanatics Bonus
Bet $100, Get $100 in Bonus Bets Every Day for 10 Days!
T&Cs apply
4.4/5
Latest News
Nevada Casinos kick off 2024 with record-breaking start
The gaming industry in Nevada started 2024 with ...
North Carolina Gubernatorial Candidates: their stances on casinos
As the North Carolina gubernatorial race heats up, ...
Gates of Bitcasino grants a max win, worth $2.5 million
A lucky player won $2.5 million on Gates ...
Thunderkick partners with Betway, strengthening foothold in UK
Independent slot developer Thunderkick signed a partnership deal ...
Delaware Park re-opens with new Vegas glamor after $10M upgrade
The Delaware Park Casino recently unveiled its upgraded ...
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!

21+ and present in VA. Gambling Problem? Call 1-800-GAMBLER.

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.

Close
Players accepted in the US US Flag
Stake.us Exclusive Bonus
$55 Stake Cash + 260K Gold Coins + 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 Promo 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