Topic: betting exchange or regular sports book - page 2. (Read 306 times)

Same. Using both doesn't really defeat my purpose or anything of the sort, and if anything else, it actually gives two different atmospheres since betting exchanges seems like a pvp kind of betting, and sports book is like betting against a bot/AI. Still, there are times when I feel like I don't really want to experience fees, and times where I want to play against others. Been playing with Betfair for quite some time now. Haven't really found anything better IMO, but I'm still trying out other betting exchanges.

Betfair is the most famous betting exchange in the world. Only negative.... for some people at least.... they do not accept crypto and a full kyc procedure is required. Other well known betting exchanges are Betdaq and matchbook.... but same here they are fiat platforms and require kyc. Currently I do not think there is a decent crypto betting exchange around. there are a couple but there liquidity is poor. So that's the reason that I choose for fiat platforms to trade on betting exchanges.

But the advantage is that on a betting exchange you bet P2P. You can back or lay a bet. By laying a bet you actually take the side of the bookmaker. So the bettors themselves act as bookmaker and gambler.

If you consider trying out a betting exchange I advice you to do some research about trading on a betting exchange. By trading instead of gambling you can turn gambling a little bit in investing.

Can you tell us on which betting exchange do you use ?
I have not much experienced on betting exchanges and mostly bet on sportsbooks. If the odds are better in betting exchange, i can check that too for my future bets.

I usually use the Betfair betting exchange. they apply a 5% commission on winning bets and it decreases depending on the volume you put in. I know others that apply a fixed 2% commission. I know 1 of them is offering Esports on their exchange but as you say there hardly is any liquidity on those markets.
I know a provider that has a huge offer of esports to add to a sports book but there needs to be a sport book that want to add that offer to their existing offer

Good points.

Yeah I definitely would go for the best odds which is mostly from betting exchange but I don't think there is one betting exchange that covers my favorite sports with good volume, so for now I'd stick to regular crypto sportsbook. Heck even finding a regular crypto sportsbook that covers esports thoroughly is already hard, let alone an exchange 6-7% of house edge is the standard I've seen so far. I would love to see lower just like another sport but with not that much competition in the industry, I can't complain.

Yeah everyone has his own opinion. I am using both on a daily basis.
I use regular sports book to play accumulators, bet builders and system bets.
And I use betting exchanges to 'trade' the betting markets.

I know there are fees involved with betting exchanges but its the same like on a crypto exchange. there you also pay a fee on every buy and sell you execute. But on the other hand I like betting exchanges more cause you do no bet against the house but against other gamblers that lay bets. And having the opportunity to trade the sports markets instead of betting it turns sport betting a little bit more into investing in the sports market. But of course that is my personal opinion.

Had my fair share with both of them, but I'm still used to playing with regular sportsbook. It kind of feels secured (for me that is) and well, since I've used them ever since I started after all. I've tried betting exchanges myself, but it felt like they were sucking me off of my funds kinda feeling, even if I recognize their fees to be minimal and all of that.

I would choose a regular sportsbook because it's what I practice ever since I started to learn sports betting.

I seem to know that there are betting exchange in the gambling world but I am not interested to try to use it, and i think majority of the sports bettor would prefer a regular sportsbook.

I don't know if many of you guys have experience with betting exchanges where there is no interruption of a bookmaker that is determing the odds.
I personally like betting on a betting exchange more than placing bets on a regular exchange and particular for 3 reasons.

· Firstly on betting exchanges you mostly have better odds than on a regular sports book.
· Secondly you do not play against a bookmaker but by having the opportunity to back and lay bets the odds are entirely determined by the
  punters themselves.
· But my main reason I prefer to bet on an exchange is that bookmakers do not limit winning accounts. On a regular sports book it happens
  very often that your account gets locked or limited for some shady reasons but actually the real reason is because you are a winning
  player and a bookmaker doesn't make money on winning players. This is different by betting on an exchange. Bookmakers that run a
  betting exchange welcome winning and high roller players just because of the fact the 'house' takes a small % commission on all winning
  bets. So for them it doesn't matter if there are winning players because a betting exchange offers p2p bets and the house takes a
  commission. It is exactly the same as for example a crypto exchange where an exchange takes a small fee on your trades.


I love gambling with crypto but to place my bets on exchanges I am obligated to use fiat bookies like for example Betfair, matchbook or Betdaq. Cause I didn't find a decent sport betting exchange offering crypto deposits. there are a couple crypto betting exchanges like for example Fairlay and 1xbit.com but personally I think they are pretty poor quality exchanges.

I personally would like a crypto betting exchange to appear with all the features like the big boy exchanges like Betfair, Betdaq and matchbook. What do you think?