Betting exchange Canada

If some countries in the world prohibit the practice of betting exchange, it is nevertheless a very trendy product among online bettors. Thanks to the tenfold possibilities of earning money, as well as a breathless operation, many players on the web have launched themselves into the betting exchange.

So there you have it, if you want to become a real sports betting expert, we advise you to learn a little more about the betting exchange. Very fashionable, this practice, which could be similar to stock market investments, can upset your betting habits. In this article from the guide , we answer all your questions about the betting exchange!

What is the betting exchange?

To understand what the betting exchange is, we offer you a little reminder on how traditional online bookmakers work. As you may know, a sports betting site will set a odds itself according to several methods (computer and human). Then, the bookmaker ensures a constant profit thanks to a redistribution rate of winnings and by assigning himself a certain margin of error on the odds.

Therefore, betting exchange sites offer sports bets to players without this margin of error that puts them at a disadvantage. To do this, these online platforms do not calculate a single odds, and this, on any sports meeting. In the end, the betting exchange sites are only present so that you can organize your own predictions. The players define the sports bets and the odds themselves, which gives rise to sometimes surprising betting possibilities.

In addition, the betting exchange sites attribute to themselves a very low redistribution rate compared to conventional online bookmakers.

What are the features to be aware of?

If the betting exchange is at first glance, a boon for online players, it remains however very complex to understand if you are only a novice in the field. To help you better understand the principle of the betting exchange, here are 2 betting possibilities that you will be able to find on these very special sites :

• Back : like your traditional sports bets, you will buy a odds to try to multiply your initial bet. Clearly, you can bet on a classic outcome of a sports match and win winnings if you win this prono. The advantage of the betting exchange is that you will no longer suffer the bookmaker's margin of error, nor its redistribution rate. You buy the odds directly from a bettor like you.
• Lay : this feature is really innovative. You will take the place of the bookmaker and define a bet and a odds yourself. To win, the objective is to find a prognosis that will contradict that of another player. Indeed, if a bettor buys your odds and he wins, you must pay him his winnings.

If this article made you want to start on a betting exchange site, do not forget that some countries prohibit this practice. In Canada, the disappearance of the BetFair site has led to the impossibility of using the betting exchange. Therefore, you will either have to play from a foreign country, or find another bookmaker who offers you attractive odds like Pinnacle!