Betting exchanges are fast becoming the go-to sports gambling standards online. But why is this? What’s the difference between an exchange and a sportsbook – and when it comes to apps, what should you be looking for?
As it stands, bettors from all over the globe are looking into exchange apps and platforms. Whether it’s the best betting exchange sites in India or the lay bets app Down Under, there are many to choose from. Let’s consider the basics of a betting exchange and what apps could bring to the table.
Betting Exchanges in Brief
The betting exchange is, crucially, the inverse of a sportsbook. When you bet on a market via a betting site or sportsbook, you ‘back’ someone, or something, to win. When you bet at an exchange, you lay a bet. As in, you put money on whether or not someone will lose.
The appeal in an exchange lies in the fact that there are often broader markets and odds. Not all bookmakers will be willing to take risks on certain markets. However, at the exchange, the bettor (or punter) holds a lot more power. It’s all priced based on how others are betting.
That’s why it’s called an exchange. While a sportsbook or betting site may have odds set by individual brands, exchanges vary wildly. Their odds dip up and down based on the general opinion and activity.
Betting Exchange Apps to Consider?
Moreover, with the rise in the popularity of betting exchanges, a raft of new apps has arrived. But what is it that you need to consider when looking for a betting exchange app – and where is a good brand to start with?
Firstly, let’s consider the Smarkets Betting Exchange app, available via the Google Play Store. Smarkets tends to work a little differently from some exchanges in that it operates on a competitive commission rate.
This exchange app also offers an in-play arena, where you can lay bets in real-time. In addition, Smarkets also provides a wealth of statistics and charts to help you monitor your bets. One element that does run common to most exchange apps is speedy trading.
Betting exchange apps, by and large, provide users with the option to lay a bet on the go. The modern standard is that betting is fluid and doesn’t revolve around endless menus. Smarkets also lays down a stall that provides regular notifications to keep you updated.
Betfair, however, is another big name entering the betting exchange fray. Best known for its sportsbook and high street shops, Betfair Exchange is available to download for free. Much like Smarkets, the brand strips down unnecessary menus, making it easier to find your way to various markets and trades.
Regardless, it appears that there is a bigger selection in exchange apps than ever before. Exchange betting is another way to experience sports markets outside the ‘norm’. There’s no typical or average way to bet – but exchange bettors are growing in numbers!