Today, people tend to make money online in many ways. Someone works as a freelancer, someone surfs sites, and some earn on sports betting. Each of the methods is good in its own way, but with regard to the latter type of earnings, there are a lot of contradictions, nuances and features. Let's try to figure them out.
What is a sports betting exchange ?
Today you can place bets both at bookmakers and at sports exchanges. It should be understood that such sites are not bookmakers. The sports exchange is a platform where the bookmaker is an intermediary between players who place bets. The essence of the exchange is to order the odds of interest to players.
Why do people bet?
The reasons why people resort to the game on exchanges are many, the main ones are:
- The desire to earn. Many believe that this is the easiest way to earn money, but after losing hundreds of dollars they are surprised to find that this is not entirely so. Before making a bet, you need to study the features of the game, methods of betting, think ahead some points. Not everyone can figure out winnings and losses, unless, of course, you are one of the lucky lucky ones. Earnings on bets - first of all, calculation.
- Too much time. It happens that there is too much time and there is simply nowhere to spend it. And why not make a couple of bets, and at the same time not watch a couple of matches?
- Excess cash. What to do with extra money? You can go to the betting exchange. However, if you are an experienced player, it is not a fact that there will be no more money.
- Dependence. Many players are not able to stop their excitement, and endless bets begin. This, as a rule, does not end with anything good, and the player merges all the capital. Therefore, as stated in the first paragraph, a calculation is necessary.
You need to remember one main rule: if you are an extremely gambling person who does not control his emotions, does not know how to stop in time, then playing in the bookmakers and sports exchanges is clearly not suitable for you, since you risk spending everything that you have, or even get into debt.
There are frequent cases when a player who is full of desire to win back a loss takes money and loses it again.
What is the difference between a sports betting exchange and a bookmaker?
The sports betting exchange has a number of differences from the bookmakers, but many people mean the same thing with these concepts. And this is not surprising, because betting exchanges have recently appeared on the gambling market. The main differences are:
- In the first case, the bookmaker acts only as an intermediary and the players play against each other, in the second case they play against the bookmaker.
- In sports bets, the value of the coefficients is set by the players, on the betting markets - the owner of the office himself.
Why are sports exchanges popular?
Bet exchanges are gaining popularity mainly because of the fact that the players have free choice, each gives the opportunity to offer the participants of the event a bet with a coefficient.
The first betting exchange, the bookmaker in one person, opened in 1999, is Betfair, which is by far the best.
Betting exchanges enable users to act both as a player and as a bookmaker, charging a certain percentage for using the betting site. Here, the chances of winning are significantly increased, compared with betting exchanges, since the probability of finding a high odds and winning the players is much more.
You can also earn on the resale of odds during a sports event, the principle here is the same as if you were betting on the stock exchange. So, the odds change almost every second, so you can manage to sell your bet at a higher price, this will avoid the fear of losing at the end of the match.
Choice
The betting market does not provide so many prospects for transactions and earnings than a sports exchange. And players are attracted not only by the opportunity to earn money, but also by choice. So, sports exchanges, in addition to the standard types of bets, offer pros and cons. What does this mean? Suppose an opponent offers his bet with a coefficient, if you agree with him, then you bet “for”, but if, on the contrary, you don’t agree, bet “against” the offer.
If you are interested in making money using the betting exchange, then do not rush. First of all, you need to study all the features of the exchange, the rules of rates, the pros and cons. Even if you are an experienced player at bookmakers, you may not immediately be able to reconfigure to play on the sports exchange. As they say, you go quieter - you will continue.
Most popular exchanges
Today there are a huge number of betting exchanges, and sports fields, and betting offices in combination with sports, which offer players different options for betting. However, as in any area of our life, there is also a rating here. The most popular offices are Betfair, BetDaq and WBX. These sites were among the first to occupy this niche, therefore they are deservedly considered leaders.
Betfair - the foundation of the basics
This is a British brand founded in 1999 and owned by Sporting Exchange Ltd. The total annual turnover of the betting exchange has reached £ 393 million. Betfair has earned the trust of players and is a safe and solvent exchange that offers a variety of sporting events, offers various bonuses and high odds.
BetDaq - in the footsteps of Betfair
It is the main competitor to the Betfair exchange. The founder is Dermot Desmond, who launched the site in 2001. In 2013, BetDaq was bought by the betting company Ladbrokes. The exchange offers many sports events for betting, however, it has not managed to bypass competitor Betfair to date.
WBX - Betfair Alternative
In 2002, the exchange was founded by Malcolm Gray, but the owners are Bet Exchange Ltd and WBX Holding Plc., Which believe that the exchange can be an excellent alternative to Betfair. The sports exchange gained fame thanks to horse racing.
As you know, if you wisely approach to starting a business or solving a problem, you can succeed. So in the case of sports exchanges, with a competent approach and detailed study, you can achieve incredible heights in this area. A great example would be Bob Vulgaris, who made a fortune on bets.
Road to heights
Bob Vulgaris has been betting on sports for 13 years. He was a fan of NBA matches and excitedly watched every game, but he still had a certain gift of foresight. After some time, he came up with the idea of how to make a fortune on this. In the 90s, bets were not very popular, and Bob managed to come up with his own winning strategy.
Thanks to five years of playing at bets, Vulgaris could bet a million dollars a day for matches, he could afford to rent a house in Hollywood Hills for 12.5 thousand dollars. He lived a life that all the men of the planet would dream of.
However, after a while, the offices, whose budget he was devastating, began to understand how the Vulgaris succeeded, and revised their activities. From that moment on, Bob began to rapidly lose his fortune, unable to stop and not bet.
Thus, if you are an ardent fan of betting, be vigilant and do not lose your head, then you can increase your capital, and most importantly, save it.