What is the betting exchange?

The Betting exchange is a system based on the exchange of sports bets between users.

The Betting exchange is a system based on the exchange of sports bets between users. A person proposes a sports bet in the same way as a bookmaker (by setting a odds and a maximum amount that another bettor can bet on his bet) and another person takes the bet.

Generally, the odds offered on Betting Exchange are slightly higher than on a single bet. The disadvantage is that it is not possible to include it in a multiple bet. Visit topbettingwebsites.co.uk to find what betting exchanges for uk players signifies. In concrete terms, here is a simple example of how to put yourself in the shoes of bettors and betting providers on the Bordeaux - Metz match.

For the bettor

A bettor wants to bet 50€ on Bordeaux. He therefore examines the odds offered by the bookmakers and finds that they offer him his winning team @1.9. Seeing this, he looks at the betting exchange and realizes that a supplier offers 50€ @2.2 for the same final result.

  • In case of Bordeaux's victory --> The bettor wins 50*2.2 = 110€ instead of 50*1.9 = 95€ if he had taken his bet from the bookmaker.
  • In case of non-winning Bordeaux --> The bettor loses his 50€.
  • Taking a bet on a betting exchange does not cost more money than taking it from the bookmaker.

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Live betting - techniques, strategies and principles for winning

Live betting - techniques, strategies and principles for winning

Live betting can be a source of pretty good profits from sports betting. However, accurate live betting strategies will also have to be used to this end, since many people are betting solely on their luck. Here are some quick tips to keep in mind with your bets in real time:

  • Always take the time to do a quick survey of the bet you plan to place before actually betting your money.
  • Do not bet blindly on events for which you have no information and do not keep track of what is happening to them.
  • Look for high odds among available betting markets and if you have to wait for a bet to rise before betting.
  • However, never wait too long, as this can play a bad joke and lose your chance of winning.
  • Believe in your sense of choice, but do not exceed the amount you place on such a prediction.

Using these techniques in live betting, you will have a pretty good chance of achieving long-term success. Remember that live bets are different than regular sports events that have not started. With real-time forecasts, you need to be focused and fast at picking a bet, because things happen there instantly and changes happen in no time.

Many of you may be wondering what strategies to use with live betting. This is a pretty broad topic that you need to take time to try different ways to succeed and find out which one works for you. On our site you can read different strategies such as the first half betting odds in football matches, which is also suitable for real-time betting. In addition, here are some basic strategies and principles that will work for you at live betting:

  • Match Bets

    This is a pretty good option that you can use with your live football or ice hockey bets. The important thing is to keep track of the progress of the match and whether it is an open and attacking game. If so, you can bet on goals in the match, and you can select a goal market by halftime or for a total number of goals in the match. It is a good option to find an event that does not hit, but gets an attack clash. Then the chances of a goal being scored are quite high, and with that you can win your live bet.

  • Betting on the status of the participants

    This live betting strategy is suitable for all sports, but we recommend it for example in boxing live betting or live tennis betting where the battle is fought directly between two players. The goal is to watch the event and evaluate how the participants present themselves at the moment. If you feel that there is a chance of a reversal in the result after a slight injury to one participant or a psychological fall, you may take advantage of this and try a bet in favor of the other participant. Often times this betting scheme works and can bring you good profits.

  • Use the Cash-out option

    Most of you may have heard about the cash out feature that online bookmakers offer. If you are not, you may want to familiarize yourself with the cash out option of Palms bet, which we have described in detail on our site. It works the same way it works on the platforms of other operators. This feature is designed to be used exactly when you bet live. Quite a few strategies are based on it, because it enables you to secure your profit before the end of the event. For example, if you bet on a favorite in the match to win the match, if you take the result on his or her hand, you can close your bet and thus earn a certain profit. In this case you will not be interested in the final outcome of the meeting.

  • Live Streaming Betting

    Almost all online bookmakers provide live event tracking with animated graphics. They are a great option for live betting, but an even better option is when the bookmaker offers a live picture of the event. So you can get to know first-hand how the meeting unfolds and analyze the participants. Based on this analysis, you will also choose the estimates you want to put.

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What is Cash Out (Close Bet)?

What is Cash Out

This is a Cash-Out option that you may also find under other names, such as Close Bet. However, its basic idea is the same, and it means that even before the end of the sporting events, you will have the opportunity to break the bet in your slip by eliminating the risk of losing at the expense of lower profit.

When is it appropriate to use the Cash-Out option?

Cash-Out is a great convenience for consumers, regardless of whether their bet goes to profit or loss. Imagine betting 10 on a straight column of five games, with a potential profit of 100. The first four of these are already out, and you only have one last date. The bookmaker, however, offers you to close the bet and immediately raise 65, regardless of the final outcome of the last match.

In other words, you buy peace of mind. Of course, this is just a fictional example, whereas in a real situation, the amount offered to close a bet depends on various factors.

Another option in which Cash-Out would be helpful is if your bet does not go its best and you consider that the odds of it being non-winning have increased. In this case, closing the bet would not be to provide you with any profit, but to limit your losses. For example, if you bet 50 on a 2.00 odds on a Barcelona unit in their Real Madrid home, but ten minutes before the end of the match the score is still 0-0 and the game is equivalent, then the bookmaker will suggest you close the bet on a lower amount than your invested 50. The rest is entirely a matter of choice.

Cash-Out is an attractive option, especially when used in live matches. In them, you can watch the match and depending on its development, predict whether your bet will be successful before it's too late.

When can I use Cash-Out?

The Cash-Out option is usually available for almost all live events, as well as meetings in more popular sports and championships, but not in all their markets. However, this is again at the discretion of the particular bookmaker. It is important to know that if a meeting is not offered live, you will not be able to close it live. Not every match offers a close option, so accept the Cash-Out feature as a bonus feature that gives you more control and flexibility over your bets and limits your risk. It is definitely not a good idea to base your selections on how and when you should close them.

In most bookmakers, there is virtually no guarantee that you will be able to close before the bet is placed. At Betfair, however, all available appointments that offer Cash Out are complemented by a special yellow box icon that suggests this. That way, you will know before you place a bet that you can subsequently close it.

What does a Cash-Out bookmaker make?

Keep in mind that the Cash-Out feature is not made for more profit for users, as it would also mean more losses for bookmakers. When determining the amount that you would receive to close a bet, the bookmaker calculates the winning probability of your selection and then offers you a portion of it so that purely statistically it is more plus than minus.

If the last minutes of a match you play are in which, if nothing changes, you will win $ 100 and say that the bookmaker has set a 90% chance of winning your bet at this point, then the cashout rate will drop to about 85 % and the offer you will receive for closing a bet would be 85. A game of overlaps between users and bookmakers, in which either side might turn out to be profitable, but ultimately mathematics is not on your side.

How do I use Cash-Out?

In all Cash-Out bookmakers, the option is intuitive and easy to use, and when available, you will usually find a button near your bet that will allow you to close and see the corresponding winnings in your account in seconds. for the mobile or desktop version of the book. In Betfair and Winbet, the button in question is named Cash Out, while for Bet365, Efbet and PalmsBet you will find it as a "Close Bet". However, his role is the same.

There is no way that Keshaout will be so widespread functionality and not be useful. Most bettors are used to it and often use it as it offers additional betting flexibility and can virtually reduce or completely eliminate the risk of losing.

The main drawback of it, which is something quite expected and in the order of things, is the fact that with Cash-Out your ultimate profit will be lower than the potential one, knowing all your selections. Another aspect that might irritate you is the slight delay of a few seconds when the bet is closed in a live match.

You understand that the live situation is extremely dynamic and an event can happen at any moment that will dramatically change your proposed Cash-Out amount. In this case, you have nothing to do and no one cares that you pressed the close button two seconds before the goal.

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12 tips on how to be more successful in sports betting

Sports betting tips

Success in sports betting is a combination of many factors. There are frequent cases where we have done a serious research before formulating our prediction, we have looked at all possible points of view, we are confident in our predictions... and in the end we do not know the final outcome of the match.

The reason is that there are many factors in sports betting that we as bettors cannot control. But on the other hand, there are factors that are completely under our control. Below, we will highlight some of the most important ones that we have to deal with in order to be able to prevail in the difficult battle with bookmakers…

  1. Never bet more than you can afford to lose... That's right, taking a quick loan or a loan from a friend to earn a quick $ 200 from a United couple is not a good idea. But no way.
  2. Never bet your entire bank on a single match. There is no such thing as a “sure match”. As sure as a prediction looks, something is always likely to go wrong - for example, a red card in the 10th minute, a referee error, a missed penalty, or a random rebound.
  3. Avoid low odds. The risk is not worth it. Football is a game where logic does not always prevail.
  4. Avoid stacking multiple matches in a straight column. Play single (single bets) or a maximum of 2-3 matches in a column.
  5. Avoid betting on markets with multiple end-to-end options. For example, if you are betting on the First Half / End Score, your chance of success is mathematically 1 out of 9, as the options are 9. Instead, bet on selections of 2 (eg Under / Over 2.5) or 3 (1X2) ) exit options.
  6. Don't bet blindly just because you have a premonition or because one team sounds more familiar to you. Do research before formulating your estimate. There is plenty of up-to-date information on the Internet for every major football match.
  7. Take advantage of bookmaker promotions and bonuses. We will help you with that.
  8. Compare the odds offered by the different bookmakers. Bet on bookmakers with the highest odds.
  9. Keep calm and discipline. Do not bet under the influence of strong emotions, alcohol or other substances.
  10. Don't bet for the purpose of losing previous losses. This has a negative effect on your realistic judgment.
  11. Don't bet on sports and championships you don't know. How can you be sure that there are people in the Norwegian 4th Division on the field, not white bears?
  12. Be patient. Success never comes once. Everyone happens to go into a bad series or make a mistake. The important thing is to maintain discipline and learn from our mistakes.
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