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The key to a successful betting exchange, and the individual’s success on an exchange, is the amount of “action,” or even the range of participants. All exchanges work on the foundation of matching a lay bettor (one “laying” a bet that a team will lose) with back bettor (one “backing” a team to win); as such, the better participants in an exchange, the more likely one is to have his bet matched. If there’s no matching bet, there is absolutely no bet. Despite the idea that you’ll find now hundreds of betting exchanges available, as a way to be successful the punter has to operate in an exchange with a whole lot of “action” or many participants. A bit of research – looking for both the number of participants and also the amount of liquidity – online should help reveal the “action” amount of any particular exchange.
Another factor to take into account is choosing an exchange with a lot of “action” on the correct sports. Although most exchanges allow betting on a range of sports, many exchanges have become popular with punters seeking to bet on particular sports. By way of example, Full File some exchanges have more “action” on European or World Cup soccer betting while others emphasize English football. Assuming the punter has a preferred league, finding the exchanges with the most “action” for that league is quite important. These details can frequently be found by looking at online forums focused on your desired sport.
Certain exchanges also emphasize specific national markets and this may make a difference, especially when betting terminology differs. One example is in Australia where some of the terminology differs, or even in Germany where the core language will be different, concentrating on an exchange that caters to the home market can assist prevent misunderstandings and bad bets. A punter can often locate exchanges that appeal to his national market by looking at online forums focused on that national gaming market.
Another key consideration to take under consideration is the exchange’s commission policy. All of the leading exchanges make their money by charging a commission on winnings, and since a wager only comes about once a lay bettor and also a back bettor are matched, there is always a winner or perhaps a loser for each bet. Knowing the commissions charged through the exchange is a vital part of making profit and responsible bets. Most, although not all, exchanges have some manner of sliding scale for their commissions based upon the amount of activity; the better activity and money in the punter’s account, the less the commission. Conversely, this is not true of all exchanges. It is very very important to review an exchange’s commission policy before joining and depositing money.
The above mentioned will be only a few of the key things which the smart punter should look at before joining an exchange. You can find, of course, a number of other factors that may be looked at, though the ones cited above are by far the most essential. Choosing the proper exchange can make or break betting fortunes, so doing some research beforehand is certainly worth the effort.
