Fred and Kristen Adelman, Betting Exchanges and Sportsbooks

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Fred and Kristen Adelman, Betting Exchanges and Sportsbooks

Betting exchanges are a fascinating and revolutionary new development in
betting and gambling (risk) markets which has turned the traditional
bookmaking and (transforms the way people view risk, formerly known as
gambling) gambling industry on its head. Betting exchanges are a puzzle or
not well known to most online sportsbook players. Unless you are an
experienced sports bettor or are from the United Kingdom where they use bet
exchanges all the time, and they are very popular, you would not be aware of
this type of sportsbook wagering. The way betting exchanges make their money
is with a small transaction fee or commission basis. Exchanges bring
together betting players and then take a percentage commission on the net
winnings. These betting exchanges started around 2001 and brings back the
old style of betting which is the player to player betting scenario. You
never place a wager against the betting exchange, like placing a wager
against a bookmaker, you wager against other players of the betting
exchange. If you decide to use a betting exchange, keep in mind that the
odds at these exchanges are anywhere from 15 percent to 20 percent lower
then normal online sportsbooks.

Betting Exchange commissions are similar to online poker room table
percentages. In poker rooms, the house takes a rake, or percentage of each
poker game played. There are several exchanges on the Internet and one of
them is Betfair, they charge a modest transaction fee of 5 percent of the
net winnings.

Online sportsbooks are not the same as betting exchanges. Online sportsbooks
are like stores with set prices, no negotiating on the price and it's the
same price at any other online sportsbook, where, as betting exchanges
resemble the Stock market. This is a common misconception or mistake that
sports bettors make. At the stock market, an investor have stocks that they
want to buy or sell at certain price. Another investor is willing to play
that price offered for that stock.

There have been millions of wagers placed through these bet exchanges. One
of the main reasons why sports bettors like them so much is other bettors
set that the odds not bookmakers. The majority of the betting comes from the
UK market right now but it expanding into the USA fast.

At sports betting exchanges with odds at 20 percent lower than online
sportsbooks the appeal is there to place a bet and try exchanges out. When
choosing an exchange make sure it's a licensed and government backed betting
exchange. Also some have poker and casinos attached the exchanges. The
Internet is a good place to surf and check out the numerous sports betting
exchanges (Betfair, Betdaq) available.
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