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The Complete List of UK Betting Exchanges and How to Choose Correctly

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By Jonathan Lewis | 15th Nov 2022

Betting exchanges let players wager directly against one another and set their own goals; therefore, choosing the best exchange site is essential. This article will focus on the lists of betting exchanges in the UK and how to choose correctly.

The United Kingdom Betting Exchange

The benefits of each exchange will lead you on how to choose the right exchange. Also, you can check https://thetrader.bet/sports-trading/ for more tips. The following are a common list of UK betting exchange and their benefits;

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Betdaq

In the United Kingdom, Betdaq ranks as the second-largest online betting exchange. It was founded in 2000 and provided UK and Irish bettors with an alternative to betting on the traditional markets. Because Betdaq is an online betting exchange, you may effectively bet on competitive odds with your bets through a standard sportsbook. Soccer, horse racing, greyhound racing, virtual sports, and cricket markets on the site are subjected to a 2% commission fee; all other markets are free. In addition to supporting the London Irish Rugby Club, Betdaq is the official online betting partner of Celtic FC.

Why Betdaq Is One Of The Top Betting Exchanges In The Uk

The Welcome Bonuses And Offers

Offers on Betdaq are frequently very substantial. For example, Betdaq allows you to use a suitable promo code to wager £10 and receive £10 back. This £10 free bet offer is valid for both sportsbook and exchange bets, which is fantastic news for all gamblers who want to put a few wagers on either side of the website. You can get your cashback to use as a bet applicable on exchange and traditional betting, provided you place your first £10 wager at odds greater than 2.0 or higher. Make sure you use the promo code within 14 days of joining Betdaq and deposit £10. After that, you may anticipate your free bet being added to your Betdaq account within 72 hours.

Licensing

Betdaq is regulated by the United Kingdom Gambling Commission (UKGC).

This indicates that you may count on their odds and services to be completely honest and compliant. Additionally, it implies that Betdaq’s customer service must meet a certain quality.

Betdaq Cashouts/Withdrawal

You can withdraw money through Neteller, Skrill, and Debit cards, but withdrawal seems quicker with e-wallets.

However, common issues like worries about bank cards not being able to be cashed out shouldn’t cause much trouble. Always adhere to the term and conditions of any welcome bonus you accept before withdrawing.

Smarkets

Smarkets is one of the biggest betting exchange and prediction platforms in the United Kingdom and the world.

The Reason Why You Should Register With Smarkets

Sign-Up Bonus Offer

You can back and lay bets with the greatest betting odds and lowest commission on all major sports through Smarkets.

  • Advance exchange technology
  • Arbing players welcome

Low Commission

The 2% commission rate is a big strength, which is a standout in this analysis of the Smarkets betting exchange.

Low commissions increase profits and are frequently preferable to typical bookmaker margins.

Matchbook

Matchbook is a cutting-edge sport betting exchange for the knowledgeable and professional sports bettor. Matchbook’s main objective is to give the player the most value possible. In addition, all bettors have a competitive advantage over using a traditional bookmaker or other betting exchange options because of Matchbook’s liquid markets and minimal commissions.

The largest US sports liquidity pool is held by Matchbook, which has been in business since 2004. A consortium of investors with experience in the UK banking and sports betting industries bought the company in 2011. The Alderney Gambling Control Commission has authorized Matchbook.

Benefits Of Matchbook Betting Exchange

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  • Easy-to-understand but potent sign-up offer
  • genuine excellence in customer service
  • Fully authorized to work in the UK
  • Live betting experience that is distinct and includes dynamic profit and loss
  • a few live-streaming choices
  • It’s a true delight to navigate this website.

Betfair Exchange

The largest sports betting exchange in the world is the Betfair Exchange. It is modeled after a stock market, but instead of trading shares, it offers odds on sporting, political, and entertainment events. Customers can place wagers directly against one another on the Betfair Exchange instead of going through a traditional bookmaker. By matching consumers, the Exchange offers the option to “lay”—bet on something not to happen—rather than taking the risk itself.

Benefits And Why To Choose The Betfair Exchange

There are many reasons why people use the Betfair exchange. However, the following are some of the more significant ones:

  • Higher prices and better chances translate to more value for exchange clients.
  • Flexibility – Backing and laying give sports fans a lot more betting alternatives
  • Profit assurance: The exchange can be utilized to deposit real-time money.

SpreadEx

SpreadEx is a website based on spread betting, meaning you wager on the number of goals, points, etc., in an event rather than the precise result of a sporting event.

Jonathan Hufford, a former City trader who founded SpreadEx in 1999, first focused on financial trading before adding sports betting in 2006. Slots are now available on the website, but the sportsbook remains the main draw. Spreadex Ltd. is authorized and governed in Great Britain by the UK Gambling Commission for casino and sports betting and internationally by the Alderney Gambling Control Commission.

Spreadex offers a fixed-odds sportsbook and a betting exchange, which sets it apart from many other bookmakers in the UK and gives its players many fantastic possibilities.

Benefits And Why To Choose Spreadex Betting Exchange

Licensing

If a bookmaker has a license from the UK Gambling Commission, it’s a good sign, and Spreadex fits that description.

It is strictly regulated in the UK, and the organization enjoys a solid reputation as a reliable bookmaker and gambling establishment among players and in the industry.

Satisfactory Customer Service

Spreadex offers email, a phone number, and even a mailing address for traders to use for correspondence. They are reachable every day of the year.

Even though live chat is the ideal way to contact an online betting site, and many of its competitors offer it, there is an excellent FAQ page to aid with betting terminology, especially spread betting.

Other benefits include;

  • Unusual sports betting strategy
  • extensive selection of sports and markets

Conclusion

Due to their rapid rise over the past ten years, betting exchanges now make up a significant portion of the betting scene. However, they are more than just another choice. They are a crucial part of the intricate online betting system. This article will help you get familiar with some common UK betting exchanges and their benefits. It is now left for you to choose correctly.

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