If you’re looking for the best betting exchange experience, we’ve got you covered. We have identified three of the leading exchanges out there. Included in this operator review are welcome bonuses and general information. Check out where to place the smartest bet for you.
£30 Welcome bonus
Unfortunately Betfair does not offer exchange bonuses. Their bonuses are aimed at arcade and sportsbook players. The best welcome offer is their sportsbook bonus, they give you £30 when you bet £10. All you need to do is wager £10 and enter the promo code ZSK200. The odds of your wager must be 1.2. Place your wager within thirty days, or it will expire.
Best Betting Exchange
Betfair offers a wide range of popular sports. They provide swimming, football, tennis, horse racing, and much more. Betfair has the most varied set of bets out of its competitors.
The operator has a wide range of features. Betfair allows you to see the most popular wagers at any given moment. They also provide in-play betting. Betfair offers a schedule of in-play games for “today” and “tomorrow”. You can cash out any time of the game. Betfair also has a forum organised by the game for its users to discuss matches and bets.
Betfair is the largest online betting exchange in the world, by far. As such it is often regarded as the best one, too. This is not without cause, as they offer the most possibilities to bet. Consequently they have the most bettors, resulting in great odds. They also have quick payout, which is a big plus. It’s a great place for punters and layers, as the chances of matched bets are high.
Costly Commission Price
The commission price unfortunately reflects that it’s one of the best betting exchanges. If you have a net loss, commission is not applied. The amount you win and how many points you have, will dictate your commission rate.
£25 Welcome Bonus
Betdaq’s best welcome offer gives you a £25 bet when you sign up using the promo code FB215. To get the bonus you have to earn four commission points. You get one commission point for every £25 won or lost on settled exchange markets. You have six months after opening your account to earn four commission points. If you don’t use the bonus within six months it will be void. Once you have earned the four commission points, you have fourteen days to use your £25 bonus.
Betting Exchange with Free Trading Software
Ladbrokes acquired Betdaq in 2013 for a whopping £30 million. Betdaq offers a wide range of popular sports. They have horse racing, football, tennis, golf, virtual sports and much more.
The betting exchange has a lot of features. It has a popular links section providing quick access to the latest games and events. You can also watch and bet on live games with Betdaq. They also let you know what the top bets are for current games. The exchange is not as popular as Betfair, but it’s the second best option. Betdaq is easier to use then Betfair, and it has more football and horse racing options. They have free trading software, which is why the operator is one of the best ones out there.
High Commission Rate
You don’t pay a commission when you make a net loss on a market. The commission rate only applies when you win. The normal commission rate is 5%, which is a high rate in comparison to other betting exchanges. You can decrease the rate to 2% depending on how often and how much you bet.
£30 Welcome Bonus
With Matchbook’s best welcome bonus you get £30 if you back £15, and lay £15. If you lose either bet you are refunded. You must place your bets on two separate markets. If you win both your lay and back bet you will not be eligible for the welcome bonus. You have to stake your bets at odds of 2.50 or less for a back bet, and 1.67 or greater on your lay bet. You will receive the bonus within 48 hours.
Matchbook is one of the best if you like to play American sports. Moreover they have football, tennis, rugby, MMA, boxing and a few more. They don’t offer horse racing. As with other exchanges you can bet live on all offered sports. The downside is that the operator offers few sports to bet on. This is because they want to focus on liquidity. This in turn makes it one of the most reliable operators to bet with, although many prefer Betfair.
Best Commission Rate
Matchbook has the lowest commission rate in the industry. Matchbook charges 1% of your stake, on a volume basis. At times they run lower commissions called short-priced odds. This is rarely used by betting exchanges. Their commission is per bet, and not per market. This is one of the many reasons that it is a top operator.