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Using Betting Exchanges Hub

An Introduction to Betting Exchanges

Betting exchanges give you an alternative to the traditional bookmaker vs. bettor dynamic. On a betting exchange you are in direct competition with other bettors. 

Read our Introduction to Betting Exchanges >

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What is the Betfair Exchange?

Since its launch in June 2000, the Betfair Exchange has developed in to the world’s largest sports betting exchange, offering punters the opportunity to back and lay bets on thousands of markets every day.

 Learn what the Betfair Exchange is >

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Understanding Decimal Odds

The Betfair Exchange uses decimal odds as standard, so what are they and how does it work? Learn about the difference to fractional odds and how to convert them

Get an introduction to decimal odds on the Betfair Exchange >

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Placing a Back Bet

Placing a back bet on the Exchange is something that’s just as easy to do as it is with any other online bookmaker – except you'll usually get better odds!

Learn how to back selections on the Betfair Exchange >

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Laying on the Betfair Exchange

Unlike with traditional sportsbooks, by using the Betfair Exchange you can lay outcomes - essentially playing the role of bookmaker rather than punter.

Learn how to lay selections on the Betfair Exchange

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Cashing Out on the Betfair Exchange

If you bet online, you’ll probably be familiar with Cash Out. It allows you to settle your bet immediately for a smaller return. You might do this to take a small profit or to get some of your stake back when you think it won't win.

Find out how cash-out works on the Betfair Exchange

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Using My Bets

My Bets provides you with immediate access to all your betting history on the Betfair Exchange, making it easy to see your profit/loss and past bets.

Learn how My Bets works on the Betfair Exchange >

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Setting Your Own Odds

The Betfair Exchange isn’t like other bookmakers where you have to take the price given, it’s a live marketplace where prices are constantly being haggled over.

Find out how to set your own odds on the Betfair Exchange >

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Navigating the Exchange

Even for experienced bettors, the Betfair Exchange is a different animal and can take some getting used to. Whether you're using the app, mobile or desktop versions, we've got some useful tips for you.

Get our Betfair Exchange pointers >

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Auto and Partial Cash-Out

Part of being a smart bettor is deciding how much you’re happy to take away as a win – not to mention knowing how much you’re prepared to lose – before an event begins. Auto and Partial Cash-out on the Betfair Exchange make this easy.

Learn how to use Auto and Partial Cash-Out on the Betfair Exchange

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How does Commission work?

Unlike traditional bookmakers, Betfair makes its income from commission. For every bet settled, a small percentage will be taken from the net winnings.

Read how the Betfair Exchange commissions impacts you >

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Asian Handicap Betting

Asian Handicap betting is a form of soccer betting in which one team receives a virtual head start, effectively leading the game by a differing amount or amounts, chosen by the punter, before the game starts.

Learn about Asian Handicaps on the Betfair Exchange >

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What is Dutching?

Defining the term 'Dutching' can be explained in its simplest form by stating that it is a process of placing more than one bet on an event to achieve a positive return if a certain set of results occur.

Learn about 'Dutching' on the Betfair Exchange >

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Arbing and Matched Betting

The term Arbing is short for arbitrage, and refers to the practice of ‘buying low and selling high’. In the context of betting it means taking advantage of differences within odds at different bookmakers, with the aim of locating ‘Back’ odds that are higher than ‘Lay’ odds.

Read about Arbing and Matched Betting on the Betfair Exchange

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Favourites and Longshots

One of main reasons to bet on the Betfair Exchange is that the odds are often better than traditional bookmakers, especially when it comes to outsiders compared to favourites.

Find out why backing longshots on the Betfair Exchange may offer better odds >

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Scalping

Scalping is the process of capitalising on minor, short-term price changes within the Exchange market to make small profits.

Read about Scalping on the Betfair Exchange >

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Back-to-Lay and Lay-to-Back Explained

One of the key advantages of the Betfair Exchange is that it allows bettors to create a position in a market where they can profit from several, or even all outcomes.

Learn about Back-to-Lay and Lay-to-Back betting on the Betfair Exchange >