author: betcreative   20 January 2013Print page

Sports betting exchange – what is it and which bookmakers offer the service?

Internet or ground bookmakers? Many of us face such a dilemma. We know the answer to this question…

Sports betting exchange
What is a sports exchange?BetfairBetDaqWBX
What is a sports exchange?
A sports 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.

It is the most popular betting exchange in the world. Betfair is a British brand which belongs to the company Sporting Exchange Ltd., founded in 1999. According to the last financial report Betfair reached a general yearly turnover of
£393 million, at the same time receiving net income of 24,8 million pounds. 2300 people all over the world work for the company, including 1200 in Great Britain. Betfair is a betting exchange with excellent range of sporting events, professional support service, attractive welcome bonuses and very high odds. Undoubtedly these factors are decisive in the fact that you can trust your money to this firm, moreover the exchange is fully safe and solvent.

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.
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