Exchange Betting Sites UK

By Teemu Mattila Updated:

If you want to get started with betting exchanges, you’ve come to the right place! We have listed all exchange betting sites for UK players on this page, along with our personal choices for the best betting exchange.

We’ll also cover quickly how a betting exchange works, along with of course how they compare to regular bookies.

Exchange Betting Sites List (UK)

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    Smarkets betting review »
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    Minimum deposit for bonus £10
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    Return to player % 98%
    If you're tired of boring and traditional betting sites, then Smarkets is the bookie for you! This site operates as a betting exchange, which means that the odds on offer are ca... Smarkets betting review »
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    Bonus is only available to new UK players Minimum first deposit for bonus: £10 Users making their first deposit by Skrill, Neteller, PayPal or a virtual/prepaid card will not qualify for this promotion You must enter code COMMFREE in the promo code field during registration Eligible customers will be able to enjoy trading with a commission rate of 0% on all bets that settle within 60 days from the first deposit. Full and Bonus terms apply. GambleAware.org.
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    Spreadex betting review »
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    Minimum deposit for bonus £25
    Horse racing Yes
    Return to player % 94%
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    Promotion is available to all new players over 18 at Spreadex with a full spread betting account To get the free bet(s), you must place a qualifying fixed odds bet between £5-£25 After placing your bet, you will receive 1-5 free £5 bets depending if your qualifying bet was £5 or over, £10, £15, £20 or £25 After the first and second £5 free bets are used, you will get an additional £5 free total goals spread bet Free bet stake will not be included in winnings Free bets must be claimed within 28 days of opening your account Full and Bonus apply. GambleAware.org.
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    Sporting Index betting review »
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    New customers only, +18.  Applies to first £10+bet at odds 2.00 (1/1) or greater. Qualifying bet must be placed within 14 days of registering. Qualifying bet cannot be placed in-play or cashed out early. Free bet stakes not included in any winnings. Free bet will be issues when qualifying bet settles. Second £10 Free Bet will be issued 24 hours later. Cashed out or voided bets do not qualify. Free bets must be claimed within 28 days of registering. Full terms apply. Full and Bonus apply. GambleAware.org.
Best Exchange Betting Sites

Top 3 UK Exchange Betting Sites in 2024

At Bojoko we want to help you with your choice of betting exchanges, which is why below you can find small snippets of the top 3 exchange betting sites in our opinion.

Smarkets - The Best Commission Rates and a Modern Site

Smarkets Betting Exchange

If you want to bet in the most professional way possible, Smarkets is the best betting exchange out there currently. Smarkets has the highest odds of all UK betting sites at the moment and for all new customers they offer 0% commissions for the first 60 days. 

Regular commissions are also just 2% which is lower than what most of the exchanges are taking. For the more professional and bigger players, Smarkets lowers the commissions to just 1% if you place over 1500 bets per month or exceed £1 million in wagers.

You can read more from our Smarkets betting review or join directly from below.

Enjoy 0% commissions at Smarkets here »

Spreadex - Get £40 in Bonuses and Enjoy Financial + Sports Exchange Betting

Spreadex Betting Exchange

Spreadex is one of the most interesting betting exchange sites available to UK players since they offer it all. Traditional sports betting with fixed odds, spread betting (which works like a betting exchange), and financial spread betting as.

This makes them a completely unique choice as a bookmaker, and the site is available to enjoy through two different mobile apps. For exchange betting, SpreadEX offers markets for up to 20 different sports.

New players can look towards a real treat at SpreadEx since they will be treated to up to £40 in bonuses at the site. These will be rewarded as five free fixed odds bets in £5 increments after you’ve placed a qualifying bet of £25. You can join directly from below or read more from our SpreadEx betting review.

Get £40 in free bets at Spreadex here »

Sporting Index - Spread Betting and Fixed Odds

Sporting Index Betting Exchange

Our final choice into our top UK betting exchanges is Sporting Index, who have been encouraging spread bettors as a pioneer across four decades. The spread betting site has operated online since 2001.

The biggest strength of the site is of course their odds, which is the case at all betting exchanges since they are determined by the users. However, only a couple of bet exchanges can compare when it comes to the usability and betting options at the site.

For spread betting, there is a 50% cashback offer for all new players for the first 7 days. Check out our SportingIndex betting review or move on to SportingIndex from the button below.

Start spread betting at Sporting Index »

How to Start Exchange Betting Through Bojoko

Betting Exchanges UK

1. Find UK betting exchanges from our list

  • Check out betting exchanges for UK players
  • Use our search filters to help you choose
  • Compare the different bet exchanges

 

Choose a bet exchange

2. Choose the right bet exchange

  • Pick the right exchange betting site for you
  • Click on the green Play Here button
  • Go to the landing page that opens
Register at betting exchange sites

3. Register at betting exchange sites

  • Fill your registration
  • Confirm your account with your email or phone 
  • Choose the welcome bonus if you want it
  • Make a deposit

 

Get started with online betting exchanges

4. Start your online betting exchange journey

  • Get the welcome offer provided by the exchange
  • Browse the spread bet odds available
  • Choose the best odds you can for backing and laying
Start your exchange bets through our list of bookies

Betting Exchanges UK - How They Work

Exchange Betting Sites (UK)

A betting exchange is a subclass of bookmakers, where you aren't playing against "the house" and their fixed odds, but instead, your betting battles take place against other punters.

The only thing the bet exchange is doing is facilitating this, which is why the odds at exchange betting sites can often be much more lucrative than at traditional bookmakers. The profit of the site comes from a tiny, 1-5% commission they get from all bets made.

The RTP (return to player percentage) can even go above and beyond 100% for all the choices for a single bet, depending of course on how the punters are betting. Everything is determined simply by the amount of back and lay betting going on. This means that:

If you’re a professional bettor, betting exchanges are absolutely crucial, since regular bookies sadly ban impressively winning players quite often. Luckily exchange betting sites simply do not care about your results, and just want you to bet as often as possible.

Differences Between an Exchange Betting Site and a Regular Bookmaker

The differences between an exchange betting site and a regular online bookie are plentiful. At normal online bookmakers the only bet you make is towards something to happen, while at bet exchanges you can choose to either "back" or "lay" an outcome.

This means that the players themselves act as bookmakers, offering odds depending on the number of bets made. The more backers there are on an event, the shorter the odds become for that while the lay odds grow.

This brings with it much more volatility compared to fixed odds at traditional bookies, and one of the biggest values of betting exchanges is changing your bet if the odds offer you a guaranteed profit. This is called arbitrage betting.

This couldn’t be more simple, as you’re always either laying or backing a certain outcome to happen. This time you’re just betting against other people, and not the bookie who has calculated mathematical odds for the situation where they think you’ll lose a tiny amount of money.

Strenghts and Weaknesses of Betting Exchanges

➕ You will enjoy higher betting returns in general

➕ You are not at the mercy of regular odds calculators

➕ Excellent arbitrage opportunities often

➕ Betting exchanges don’t need you to lose to make a profit

➖ Betting markets will be available less frequently for less popular sports

➖ There are only a few betting exchanges to choose from

➖ The betting offers available don’t compare to regular bookmakers very well

Online Betting Exchanges - FAQ

By choosing a betting exchange you are betting against other players instead of a bookmaker and their odds. This means that the exchange itself doesn't have any risk, and it's only distributed between bettors who "offer" the odds against each other. A betting exchange is simply a marketplace for betting, not an opponent for people betting.

A betting exchange works almost just the same as a regular bookmaker in practice, except that you're bets are always "backing" or "laying"on an outcome. Lay bets are bets on something not to happen, and the betting markets are created by players either backing or laying on an option, and the more backers there are the odds will shorten and vice versa.

If you are looking for the best exchange betting sites in the UK, you can find them all from our list of exchange betting sites on this page. We have also covered some of the best choices in our opinion more closely, so you’ll know exactly what you’re getting into when starting at a betting exchange.

About the Authors

Teemu Mattila

Article by:

Teemu Mattila

With a career starting in 2015, Teemu has an extensive background in content writing, collaborating with global companies in Finnish and English. Since 2022, he has been working with Bojoko, focusing on sports betting and casino content, combining his passion for sports and the iGaming industry.
Tomi Ristola

Article by:

Tomi Ristola

Tomi has been writing translations and content during a career spanning over a decade. Honesty and patience come naturally to Tomi, and this will be evident in his work for Bojoko. You can expect nothing short of authentic and meticulous analysis.

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