What is a
betting exchange is a place where a bookmaker is a subsidiary among
players betting on sports. As distinct from classical bookmaker
betting the bookmaker does not set the odds, it is done by the
players. The betting exchange’s essence is that you can “make
orders” for the odds which you are interested in. Another
difference is that you have a possibility to purchase and sell bets
with huge income chances of course.
This is the
main competitor of Betfair if to speak about the betting exchange
market. The first owner of BetDaq was Global Betting Exchange, a
company founded in 2000 on the basis of a license given out by the
Irish government. The company’s founder is Dermot Desmond and the
exchange BetDaq itself began to offer its services in September of
2001. In February of 2013 BetDaq was purchased by the largest and
oldest bookmaker company of Great Britain – Ladbrokes. BetDaq
provides a solid sporting events offer in 13 disciplines, but it
seems that the exchange has missed its main chance because of the
main competitor – Betfair. At the moment it is possible to observe
some progress in the company’s operations mainly connected with
servicing of live broadcasts of NFL matches which are commented by a
well-known expert John Arnett.
World Bet Exchange is a firm from the e-gambling branch which was founded in 2002 by Malcolm Gray. Aspirations of WBX are huge what is evidenced by the exchange’s creator’s announcement: “In the branch where the current leader has monopoly our firm WBX will try to be a real competitor on the market, offering unforgettable entertainment at the highest possible level. We want to promote healthy competition and become an excellent alternative for Betfair.” The owners of the exchange are companies Bet Exchange Ltd and WBX Holding Plc. The firm is registered in England and Wales and consequently is thoroughly controlled for financial liquidity. WBX is mainly well-known due to its amazing betting on horse races.