Now, one must be clear about one thing. Betting in any form does not always guarantee a win and whether you choose to place your bets through a bookmaker or a betting exchange company, the odds are always stacked against you. However, play your cards right and with some luck, you will increase your chances of winning.

Coming back to the topic at hand, many punters place their bets through betting exchange sites online such as Betfair or Indibet, due to the competitive markets and interesting odds on offer.

Most online betting exchange sites offer reasonable odds as compared to standard online betting websites. This means that with longshot bets, there are better odds at exchanges. Such types of exchanges see longshot bets as easy money, allowing them to offer fair odds in order to attract more gamblers.

However, it must be noted that a minimum commission will need to be paid to the booking exchange site in case you win a bet. 

Another advantage or plus point is the ability to lay bets through betting exchange sites. This provides punters the opportunity to bet on an outcome that is most likely not to occur.

Unlike standard online betting sites, this is a unique feature as it provides gamblers the chance to act as bookies and increase their winnings from other wagers that are losing bets. Ultimately, you stand to earn more cash. 

Again, the odds may be against you in most betting forms. But with a betting exchange, you can also be assured of a guaranteed profit. How do you ask? You can book profits before an event has even commenced.

For example, someone places a bet on Team A to beat Team B at odds of 2.5. But before the match begins, you might be aware that some of the top players have been ruled out of the game.

Thus, the odds could witness a significant rise and you can then lay off the bet at 5 to increase your profits.

Unlike most standard online betting sites, booking exchange sites do not penalize or ban you if you’re constantly tasting success. The reason for this is that certain bookmakers become aware of your ability to find your way around any possible loopholes that might exist when placing your bets.

This results in the bookmaker running at a loss while you continue to win. Fortunately, most betting exchange sites don’t impose any such ban or disqualification on successful punters as they also make money while you do.

Over the last decade or so, betting exchange sites have begun drawing in a large number of punters despite most still preferring to place bets through traditional bookmakers. 

However, despite all the advantages, there are still a few cons to the concept of betting exchange.