|
BETTING EXCHANGE
What
is betting exchange?
Exchange
betting is a special form of betting, this
is not betting against the bookmakers, but
against other players. Exchange service is
similar to the stock exchange, where the
coefficients form the basis of supply and
demand.
How to bet on the exchange services?
First, you
need to open an account in the online
bookmakers offering this type of betting
(Betfair). These are not traditional online
betting because they do not offer odds,
they are actually sites that offer this
type of service bookmakers. They only
allow players to make their odds for
certain sports events. On these sites
you can create your own odds and invite
others to bet on the event against you.
Gambling itself retains for itself the
percentage of transactions that take
place when the bet against other
players. This percentage is far less
than what regular bookmakers retained
for himself. The most famous such
bookmaker Betfair in the winner pay 5%
of the cost of your winnings. Regular
bookmakers rarely leave for themselves
in less than 10% so that this form of
betting far more favorable for players.
After opening the account is required to
pay a bet and that means that you will
choose to set the betting odds or will
accept any of the following quotes. The
two most commonly used terms are "BACK"
and "LAY".
How to be bookmaker?
Firstly find an event that you think
will pass. Take for example the match
Inter - Juventus. Do you think Inter
will not win at home next week. You
should see the odds offered for this
event in the betting. Let's say that you
are willing to offer odds of 2:10 for
this game and with payments of up to 100
. Set up your quota and wait for a
response. How do you offer a
significantly higher odds than regular
bookmakers, expect that someone will
accept your offer to 100 (or a few
players have minor roles, but in sum
they must not exceed 100 a set limit).
When the game ends, if Inter win, lose
2:10 x 100 - 100 from the account.
If Inter loses, then you will get 100 .
The one who gets bet pays 5% of the cost
for the service Sportsbook. This is a
brief explanation of how to be a
bookmaker and ask odds. It is possible
to change the odds. If, for example,
offer a 2:10 at Inter and this offer
does not receive a response, it is
necessary to offer a little more. Maybe
we should set the odds of 2:20, but
accept payment by up to 70 . It is
important to always bear in mind how
much you can lose. Of course it may be
that someone with a payment offer 2.25
to 20 Inter. You can get odds on to
2:25 and you had an identical offer, but
perhaps too expensive for you. The
decision is yours. All this can be very
exciting, but also can make and take a
lot of money. If you want to be in the
role of betting, you will use the "LAY"
to its offer for a specific event placed
on the "exchange" and someone offered a
certain amount of money invested in you.
How to accept (buy or back) the payment?
The key
difference between normal betting and
the betting exchange service is that you
can to place his own bet, to express
their desire for a certain odds which is
thus transferred to the database for the
service and at the moment when a someone
who will accept your offer or desire for
a certain odds, betting is completed.
For example, you want to bet on the win
the match Inter - Juventus, but offered
odds of winning the hosts are 1:50 and
1:45. You want to bet on the odds of
1.60 to Inter and put a odds on the
amount of 100 EUR. Placing your bet on
the "exchange" that goes into a database
(preference odds and deposit) and if
someone later do, "LAY" offer, which
coincides with your desire for odd 1.60,
bet you requested is completed.
Dates:
-
Bookmaker -
a person who creates a odds.
-
Punter -
the person who bet on the odds
given.
-
Lay
ili Sell- The proposed odds. When
you are as you create betting odds
in the hope that the event that you
choose and for which you made odds
will not pass.
-
Back
ili Buy - placing bets on the odds
that someone is appointed. If you
bet, win a sum that is equal stake x
odds - 5% that takes the company for
services provided.
-
Order -
Enter what you want to bet and when
it appears such offer your payment
becomes active.
Conclusion
If you're
used to bet with bookmakers you will need a
regular time to get used to this way of
betting, where you can choose the odds of
your choice or do you have your odds to
others. When the little adjust to this way
of betting, you will probably like it,
because you'll be given the opportunity to
make money an easier way than the usual
betting with bookmakers. Be careful if you
put in the role of bookies do not get to the
side of losses if they are not getting along
very well in this role!
Frequently Asked Questions:
I want to
do "BACK" (to bet on the team) but there is
no available odds and the Role?
If you want to bet on the example of Inter,
and there is no back option, this is because
no one has done LAY offer (or a bet, but
"bought" by other players). In this case,
you can do yourself, and ask a BACK odds of
winning Inter (or wait to appear in certain
bid item BACK). If you express a desire to
bet on Inter by pressing the BACK feature to
express your stake and odds that you want to
bet. Your stake will be presented to others
for review and need to wait for someone to
accept. Only then a bet is completed.
I
want to do"Back" (to log onto the team), but
is available ODDS too small?
Want to bet on Inter by odds but by 2:50
only available odds 2.10. Express your
desire for a odds of 2:50 and set the stake
you want to bet using the BACK. The offer
has been placed on access to other players
and you have to wait until someone does not
accept the bet against you.
I
want to do "Back" (to bet on the team), but
the available stakes are low?
Want to bet on Inter in odds from 2:10 to
100 EUR. You have offered odds of 2:10, but
is available for a maximum stake of 60 EUR.
Placed a bet through the "BACK" by odds of
2.10, and write a stake of 100 EUR, your bet
is made available but only for 60 EUR. The
remaining 40 EUR is to "exchange" under odds
you have requested and you have to wait for
someone to accept your bet.
I want to
do "BACK" (to bet on the team), but the
stakes are too available?
Want to bet on Inter in odds of 2.10, and
the stake of 100 EUR. Odds offered the
options below 2:10, but notice that reads
BACK 500 EUR. Bet on Inter to 100 EUR
determining their own deposit, your account
is removed only 100 EUR, while the remaining
400 EUR is available to any other player on
the market.
What
happens if one does not accept my
application or my offer?
If no one answered your request before the
game, if you do not receive the requested
odds and bet on which you want to bet, your
stake is returned to your account.
What if
someone partially accept my application or
my offer?
If one can only partially accept your
request or offer, the remaining amount stake
for that claim or offer is not committed to
returning to your account.
I changed
my mind and want to cancel your stake or a
request?
If your offer or request is still not
accepted, you can cancel the previously
placed bet.
If one part of your bet is accepted, and one
part does not, you can cancel a bet for the
remaining unadopted stake.
|
