The rapid rise of the Internet created a platform for many online businesses. Gambling is not an exception and today, we have an access to countless sports betting options. Most of them are traditional bookmakers, but there are also the so-called betting exchanges like Betfair and Betdaq.
Despite serving a similar function, they are offering a different solution and the question arises – which one is better? It’s hard to give a straight answer as both services have their advantages and disadvantages. In this article, we will try to highlight the most important differences in some of the most key aspects.
Sports and Markets Offered:
In terms of what’s offered, bookmakers seem to have a slight edge over betting exchanges. Although the number of sports and events is probably similar, on exchanges you have to actually find someone who’s willing to match your bet. This means that there are lots of markets on low profile leagues that are practically unplayable. With sportsbooks, on the other hand, if it’s there, you can bet on it.
Bookies 1:0 Exchanges
Odds and Options:
The odds you get are also essential. Here is where betting exchanges excel for a number of reasons. First of all, you can add your own odds and if someone takes it, you’re good to go. Additionally, you can be the bookie and lay certain markets instead of backing them.
Bookies 1:1 Exchanges
Betting Limits:
The amount of money you can put on a certain event is very important. The betting exchanges have one essential advantage here – no one will ever put a limit on the amount you can place which is not the case with bookmakers. However, when you are playing with a sportsbook, you don’t rely on the volume of provided by other customers. On Betfair, for example, certain markets see only peanuts matched and this is a natural limitation.
Final Score = Bookies 2:2 Exchanges
Conclusion
As you can see from the improvised scoreboard, there is no clear winner. Both betting exchanges and bookmakers have their pros and cons. This is why you should consider using both and not limit yourself. That’s what the most successful bettors out
To get started at betfair or betdaq exchanges visit the pages below.
Click Here to Join Betfair Exchange and get £100 in free bets
Click Here to Join Betdaq exchange and get £25 free
New Customer Offer, T&C’s Apply 18+. Please Gamble Responsibly
£100 Free Bet Offer is a New customer offer. Place 5 x £10 or more bets to receive £20 in free bets. Repeat up to 5 times to receive maximum £100 bonus. Min odds 1/2 (1.5). Exchange bets excluded. T&Cs Here.
