In today’s modern betting world, some various innovations and strategies can help the average bettor. Moreover, these betting variations tend to be popular among those that place their wagers on horse races. And one notable innovation that is still gaining popularity in horse wagering is the concept of horse race betting exchange. Therefore, in this article, the Brokerstorm team will provide a detailed analysis of this reputable horse wagering.
Horse Race Betting Exchanges – The Basics
To obtain a better understating of this horse race wagering variations. The theory behind betting exchanges is quite simple. You will need to consider the large pool of motivated bettors much like a group of investors at a stock exchange. To be more specific, the bettors use an online interface platform through which they place their wagers for a specific horse to win. And with the additional option that the same horse will not win the race. You will need another available bettor to take a bet which prompts the bet to be placed on the interface platform.
Another significant element about this type of betting is the fact that betting exchanges are based on the no-fee concept for making a bet. Also, the commission is only activated for winning wagers and usually is up to 5%. In other words, the prospect of guaranteed profit for the specific bookmaker is disregarded. That is due to the fact the bookmakers are not the ones that have the main influence in these bets.
Horse Race Betting Exchange – Advantages and Benefits
This betting concept has been around since the early 2000s in the UK and it still gaining popularity among bettors. Moreover, this betting innovation can offer numerous benefits compared to the traditional methods of placing wagers.
However, the most notable advantage is that the odds on offer are consistently much better than those on offer at the bookmakers. To be more specific, horse betting exchange odds can be up to 20% higher compared with other traditional methods of betting. This is based on the fact that the horse race exchange betting market is priced by hundreds of other bets that are placed by other bettors. Therefore, the domino effect is significantly more pressure on layers to provide fair pricing.
At the same time, exchanges can provide greater flexibility for bettors to trade their positions on markets than traditional bookmakers.
Also, you will need another bettor that is prepared and willing to match you the amount of money that is placed on the bet. In most cases, this is not a problem as there are hundreds and even thousands of bettors ready to place their stake.
Moreover, there are millions of dollars matched on big horse races, so liquidity should not be a challenge. However, it is important to be aware that certain lower horse racing classes tend to have significantly lower liquidity. That can complicate your plan to get a full stake at a certain time. But on a positive note, as the race gets closer, more bettors tend to join the exchange betting market.
The Bottom Line
On a final note, we can conclude that horse racing exchange betting is a revolutionary concept. Once you get familiar with it, you can see how straightforward it is. After all, it allows every individual bettor to place wagers with other bettors. That is why the Brokerstorm team recommends this betting model. It is a great opportunity to place successful horse racing wagers and to earn high profits.