Looking into live betting part 2

The advantages to using betting exchanges over and above traditional high street bookmakers are numerous when it comes to sports betting. Firstly the punter has far more control over their own betting and this is the primary reason in my opinion for the popularity of betting exchanges. The other advantages are in areas like in live betting which does exactly as it says, allows the punter to wager on the event after the start which is an absolutely absorbing and riveting activity.

The number of events that you can wager on with the betting exchanges is also staggering and because of the online nature of betting exchanges, the action is constant and is 24/7. Just because the last race has finished at Beverley and the evening football match between Tottenham Hotspur and Arsenal has come to an end, that may not be the end of your punting day.

There may be race meetings in the United States or Australia that catch your eye or maybe there is a big fight in Las Vegas or a big Golf tournament drawing to a conclusion in the Far East. This kind of betting activity would be beyond the capability of a normal high street bookmaker. But perhaps the greatest advantage lies in the area of obtaining better prices on the whole.

This makes earning a living or winning money on a consistent basis from exchange betting a real possibility. For those who are good enough to obtain a consistent profit from the betting exchanges comes anther more subtle advantage.

Any punter who demonstrates skill and consistent success with a high street bookmaker is in considerable danger of having their action stopped…not so with the betting exchanges. You can bet and win as often as you like and the exchanges don’t care because they earn money from your action anyway through their commissions which typically start at 5% and go down on a sliding scale depending on your action.

Of course there is nothing like hands on experience to learn how best to do something but reading theory and primers like this one is still a great way forward if you are relatively inexperienced with betting exchanges. But as you begin to place bets then you will become aware of the fact that money is pooled together at certain prices.

For example, let us say that Roger Federer is trading at 1.25 to win his match against Lleyton Hewitt in the third round match at the French Open and that there is a total of £3700 to be potentially matched at that price. This £3700 is highly likely to not have come from one individual but a cluster of people who have been willing to take the opposite view and be willing to LAY Roger Federer at that price.

So this means that the figure of £3700 is in reality made up of numerous smaller amounts that have been pooled together. You could of course take that entire £3700 at 1.25 if you thought that Federer simply could not lose this match and you had enough funds in your account to make the bet. Or you could take a much smaller amount and just take say £50 of it for example.

But let us also say for example that there was only £80 on Roger Federer at 1.25 and you wanted to back him at that price for £200. If you clicked on the BACK button and entered in the details of your bet then the remaining £120 would be held in the system until someone wanted to match it at that price. You could also if you wanted CANCEL that remaining £120 and this is another great feature of betting exchanges.

Carl “The Dean” Sampson
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