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| Name | Betting Exchange Explained - Using Betfair Example |
| Video Uploader | Video From Team Profit |
| Upload Date | This Video Uploaded At 26-08-2016 17:03:28 |
| Video Discription | https://www.teamprofit.com Betting Exchanges are explained in this simple and easy to video. Team Profit Sarah teaches you everything you need to know. Plus head to our website to find out how you can make £600+ risk free from matched betting. COMMENT below if you have any questions and we will help you right away. SUBSCRIBE to our Matched Betting channel to receive notifications of new guides. What is a betting exchange? Two betting platforms are used when matched betting; one is the traditional online bookmaker, the other is an online betting exchange. A traditional online bookmaker is very simple, they offer odds on sporting outcomes to the public. If you choose to back the outcome and it wins, you receive winnings from the bookmaker. If the outcome doesn’t win, the bookmaker keeps your bet amount. For example, a bookmaker may offer "“Bet £10 on Real Madrid to beat Man City and if Real Madrid win I’ll give you £15. If Real Madrid do not win, I keep your £10 bet”" A betting exchange on the other hand is a marketplace for the public to bet between each other on sporting outcomes. This differs from a traditional bookmaker because an exchange also gives you the ability to be the bookmaker yourself and take bets from others. For example, now the customer can become the bookmaker and accept bets on Real Madrid to win. By doing so if Real Madrid do win, Team Profit Jon has to pay out £15. If Real Madrid do not win, Team Profit Jon keeps the other person’s £10 bet. Therefore, by becoming the bookmaker, he is effectively betting that Real Madrid do not win. This is known as a lay bet. We’ve now learnt the difference between a bookmaker and a betting exchange. How do we use this when matched betting? To recap, bookmakers give welcome offers such as “bet £5 get £20 free”. So using the football match Chelsea vs Man City as an example, we could bet £5 on Chelsea to win in order to trigger our £20 free bet. However, Chelsea may not win meaning we lose our £5 bet. This is where the betting exchange comes into play. Using the exchange, by becoming the bookmaker we can place a £5 bet on Chelsea not to win, known as a lay bet. So overall, our bookmaker and exchange bets cancel each other out. Which means no matter the outcome, no money is lost or won from the initial £5 bet. But great news, we will have then triggered the £20 free bet which we can then turn into £15 bankable profit! More info: Video Guides: https://teamprofit.com/matched-betting-guide/ Welcome Offers: https://teamprofit.com/welcome-offer/ About Us: https://teamprofit.com/about-us/ Contact Team Profit: Email: support@teamprofit.com Live Help: Bottom right of the website Youtube: COMMENT on the video |
| Category | Howto & Style |
| Tags | Betting Exchange Explained | Betting Exchanges Explained | Betting Exchange | Betfair | Matched Betting | Lay Bet | Lay Betting | Lay Betting Explained | Lay Betting Betfair | liability | isaacsmile | caan berry |
