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What is a Betting Exchange

Up to $1000 in 4 risk free bets

New Customers only,T&Cs apply,21+

To put it simply, a Betting Exchange is where you are not betting on a price provided by a Sportsbook but are instead naming your own price and seeing if someone will take the other side of that bet at your chosen price. If they do then a wager is placed between the two people, if it isn’t that your stake is returned to your account.

This means that the Sportsbook operating the Exchange is taking on zero liabilities and simply takes a small commission of all winning bets. By doing this they are limiting their risk but also allowing bettors to get better prices as no house edge is being factored into any of the prices offered.

Across the Globe, Betting Exchanges are becoming all the more common with Betfair being a big player in the online sports gambling scene most notably in the UK, Ireland and Australia.

How it works

One of things that makes betting exchanges unique is that it allows bettors to take both sides of the bet. Most people are used to bet on something happening (known on the Exchanges are backing) but taking the house position (known on the Exchanges as laying) is alien.

If you want to back the Dallas Cowboys at +200 to beat the New York Giants for $10 on an Exchange you will need someone to match that bet on the opposite side. You’ll need a bettor to say that they do not believe the Cowboys will do the job.

Today's Betting Odds

Tennis Parlay Bonus - up to 70% more

If your bet wins,Bet365 will add a bonus of 5 - 70% to your winnings. The bonus amount is dependent on the number of selections. T&Cs apply.

Money Monday Club

Receive a $10 Free Bet when you place a total of $50 in qualifying wagers during the previous week.T&Cs Apply,opt-in required.

Sharp Shooter Wednesdays

Opt-in & place a $50+ pre-match spread wager on any NBA Weds night game & get $1 for every 3-pointer scored. T&Cs apply.

MLB Single Game Parlay Insurance

Place a SINGLE GAME PARLAY Bet on any MLB Game with 4+ legs and receive money back up to $25 if exactly 1 leg fails. Receive up to 1 free bet refund each day! T&Cs apply

Bet the 3M Open & get Olympic Golf Free Bets

Get a $20 Free Bet for every $100 in Real money Wagers placed on the 3M Open! T&Cs Apply,NJ Only

2020 Olympics Free Bets

Wager on the Olympics to get free bets! Wager $500+ & get $1 for every Bronze Medal USA Wins,Wager $1000+ & get $2 for every Silver & $1 for every Bronze Medal and Wager $2500+ to get $3 for every Gold,$2 for every Silver,and $1 for every Bronze Medal USA wins. T&Cs Apply. Free bets credited August 9. T&Cs apply.

Live Profit Boost

Players will be rewarded with a 20% Profit Boost to use on Live offerings upon logging in during the promotional period every Monday and Friday during the promotional period.T&Cs apply.

Parlay Profit Boost

20% Parlay Boost every Wednesday and Saturday on any 3+ leg parlay. T&Cs apply,NJ residents only.

2 Goals Ahead Early Payout Off

T&Cs apply. New & eligible customers only.

No Score Tie Soccer Offer

T&Cs apply. New & eligible customers ony.

One Game Parlay Insurance

A minimum of two picks and a maximum of 10 picks from a single game can be included in a One Game Parlay wager,max insurance $25. T&Cs apply. 21+

Multi-Sport Parlay Bonus

Place pre-game parlay of 2 or more selections and new customers can get 5-70% winnings depending on selections. T&Cs apply

Parlay Plus

Get 40% more in profits on winning parlays! Opt-in and place a 4-7 leg parlay on any combination of sports or event.

Upto 60% more on Parlays

If your parlay wins,get extra cash on top,from 5% to 60% depending on selections.

Weekly Free Bet

Place 10 valid sports bets online between Fridays and Thursdays and get a $5 free bet.

Tennis Cash Booster

Get a 25% cash boost on tennis bets on Wednesdays and Fridays - T&Cs apply,max stake of $50.

Parlay Boost

4%-50% boost on parlays dependent on selections. T&Cs apply

Parlay Boost

Get 40% more in profits on winning parlays! Opt-in and place a 4-7 leg parlay on any sports combo. T&Cs apply

 

MLB Profit Boost

20% Profit Boost for any Live MLB Bet every Tuesday and Thursday,just log in during the promo period. T&Cs apply. NJ Only

$25 Tennis Risk Free Bet

Your First Live Game Winner Bet on any Tennis Match is risk-free up to $25 through July 25th. If your first Game Winner bet loses you will receive your stake back up to $25 in Free Bets. T&Cs apply

In this situation the person who backed the Cowboys would potentially win $30 ($10 original stake plus $20) and they would get that money from the layer. If the Cowboys lost then the layer would take the original $10 stake from the backer.

Which side won the bet would give a small percentage of their profit to the house.

Why use an Exchange:

The biggest benefit of using an Exchange rather than a traditional online Sportsbook is that you get to pick the odds. This means that you can put down the odds that you want in the hope that someone will come along and take you up on your bet.

This often leads to much better prices than an online Sportsbook will offer because bettors from all over the country have different opinions and biases that can be used to get better prices. You’ll often find that bettors are partial to betting on their own teams and therefore will offer a price based on their hopes rather than pure logic.

Another massive plus point for Exchanges is that betting in-play can often lead to guaranteed profit. If you back an outsider and they take the lead early in the game, the live price movement can quickly lead to them becoming the favorite. In that case backing the original favorite, now priced up as an outsider would lead to a certain profit.

Free Betting Offers
Get a $500 risk free bet
New customer,21+,NJ Residents Only
100% first deposit bonus up to $250
21+,T&Cs apply,Only 1x Wager
Up to $600 risk-free first bet
New customers,21+,T&Cs apply
Up to $500 in bet credits
Up to $500 in Bet Credits for new customers . Make a min $10 deposit,place bets to deposit value,once they are settled,matched amount in Bet Credits available to use. Bet Credits risk excluded from returns. T&Cs apply.
Up to $1000 in 4 risk free bets
New Customers only,T&Cs apply,21+
$10 registration bet & $300 deposit match
New Customers Only,21+,T&Cs apply
Bet $50,get $50 (100% deposit match)
21+,T&Cs apply,Please gamble responsibly
Up to $250 risk free bet
21+,NJ residents,T&Cs apply
Claim a $500 risk free bet
21+,New Customers,T&Cs apply
Get $100 in free bets when you bet $20
Min $25 stake,New Plyrs,21+,T&Cs apply