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.
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.
By choosing one of the UK betting exchanges below you are guaranteeing yourself a great start to a different kind of sports betting, and the new customer betting offers available at these bookies are also excellent!
If you want to bet in the most professional way possible, Smarkets is best betting exchange out there currently. They charge just a 2% commission from all players, and by being a loyal (or rich) customer this number can shrink even further!
By placing at least 1 500 bets monthly or to the amount of £1 million pounds you will earn yourself a commission of just 1%, and this of course will lead to a 1% increase to all of your betting winnings!
The Smarkets betting exchange is available through their modern website and app, while for new players you can get 60 days of 0% commissions along with a £20 refund for your first deposit!Enjoy £20 and 0% commissions at Smarkets here »
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.
This makes them a completely unique choice as a bookmaker, and the site is available to enjoy through two different mobile apps. You can enjoy exchange betting on the site with 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.
The rest will be earned after you’ve used your first and second freebies, along with a final £5 which you’ll receive in the form of 50 free spins on the fun slot game Starburst!Get £40 in free bets at Spreadex here »
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.
Sporting Index also provides bets with fixed odds, an by clicking the link below you can get 2x£10 free bets with just a £10 investment by clicking the link below. After this you can simply deposit and bet £10 to get started!Get 2x£10 free bets for SportingIndex here »
1. Find UK betting exchanges from our list
2. Choose the right bet exchange
3. Register at betting exchange sites
4. Start your online betting exchange journey
A betting exchange is a subclass of UK betting sites 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, playing at at least one betting exchange is 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.
The differences between an exchange betting site and a regular bookie are plentiful. At normal 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 the bookmaker in betting situations, offering odds depending on the amount 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.
➕ 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
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.