Thanks to betting exchanges, we can easily place lay bets if we have previously placed a back bet at a traditional bookmaker. The most popular strategy is, of course, matched betting, which yields a lot of profit if you prepare for it properly. Sports exchanges are essential when using different strategies to make money trading. Usually, it varies from 2% to 5%, but it is possible to get 0% commission in some cases. The amount of commission charged depends on the exchange’s rules and regulations. Sports betting exchanges charge a modest commission fee on each bet placed to earn money. Instead, they rely on other customers to back and lay bets against each other. Let’s find out! How does a betting exchange work?Ĭustomers can wager on any outcome of an event, and bookmakers themselves will lay the bet, putting up their own money if the customer’s bet wins.īetting exchanges, on the other hand, do not place bets themselves.
