A betting exchange is a profitable alternative to betting on traditional bookmakers. It involves implementing unique strategies on betting exchange platforms to consistently earn money.
While betting exchanges may not be as popular as traditional bookies, some punters will choose betting exchanges over traditional bookies. So, how exactly does one earn from betting exchanges? In this article, you’ll get a detailed explanation of how you’ll earn on betting exchanges with the help of thetrader.bet.
Understanding Some of the Basic Features of Betting Exchanges
You must know some of the basic features of a betting exchange to earn money at the barest risk possible. Note that the information below is a basic explanation of the betting exchange features. As such, you may visit thetrader.bet for more detailed insights on the features. Some of these features of betting exchanges include:
1. Laying and Backing Bets
In a betting exchange platform, there are only two possible betting options. They consist of laying and backing bets. When you choose to lay a bet, it simply means you’ve opted to bet against an event. For instance, when you place a bet on Team “A” to score a goal, it means you bet against Team “A” scoring any goal in the match. Given this, you win if Team “A” eventually fails to score any goal in the match.
On the other hand, to back a bet means that you are betting in favour of an event happening. Using a similar analogy to the previous example, you win your bet when you back Team “B” to win a match, and they eventually emerge as the winners. You can find several sporting events to lay or back on a betting exchange platform.
2. Matched Betting
Matched betting is one of the features in betting exchanges that covers every outcome of a particular sporting event. Matched betting is usually used to profit from the free bonus offers bookmakers give customers. So, how do you earn from matched betting?
To earn, sign up for one of the several betting exchanges and also one traditional bookmaker. Next, find the best-matched betting to win in a bookmaker and then lay the same event in an exchange.
For instance, a bookmaker with a $40 bonus offer on a $20 wager has placed the odds of a win for the Australian Hockey team against England at 2.00 odds. A bet of $20 will potentially return $40 if it wins (as well as the $40 bonus offer). You then lay $20 on an Australian win on the exchange platform, which has more or less the same odds. This will bring the total wagering amount to $40.
If you win on the bookmaker, you clear your liability with the $40 win and a profit of $40 bonus offer. The same liability amount will be cleared if the Australian Hockey team loses because you’ve laid it on the exchange, resulting in a profit of $40 from the bookmaker bonus. You can then use the $40 bonus to repeat the sequence and turn the bonus into a withdrawable profit.
3. Sports Trading
Sports trading is another way to earn money in a betting exchange. In simple terms, sports trading involves placing two opposing bets on a particular sporting event in order to generate profit. With sports trading, you don’t have to bother yourself with the outcome of the event. All you’ll be interested in is the movements of odds.
Here, you lay the outcome of a sports event when the odds are low and back the same outcome when there is a price movement. It involves some strategies which you’ll get in detail when you visit thetrader.bet.
Conclusion
Learning the basics of sports exchange may be confusing at first for newbies. However, it is very achievable to earn money from it regularly. All you have to do is learn more of the basics and advanced strategies to avoid making mistakes and blunders and practice more.
One of the best places you can learn extensive strategies of how to make money on betting exchanges is thetrader.bet. At thetrader.bet, you can start your betting exchange adventure and earn profits regularly.
You’ll get expert tutorship on how to navigate betting exchange platforms, an updated review and notification of bonus offers from different betting exchanges, real-time support for betting exchange issues that you may need some help with, and more.
Thetrader.bet has a lot of information and utilities to offer in the betting exchange niche. As such, you should visit Thetrader website and explore useful content regarding the world of betting exchanges.
