All Slots Mobile Casino Review
More on this later. -- So What Is A Betting Exchange. Put very simply, betting exchanges are a secure place where members of the betting public can exchange bets with each other anonymously, at odds that they specify themselves. The exchange companies simply act as the 'middleman' and match peoples bets. As there are no bookie margins to factor in, prices are very often more desirable. The betting exchange companies make their money by taking a commission payment on your winning bets. This is usually in the region of 3 - 5, but even taking this into account, it's very common to all slots mobile casino review better prices on the exchange.
The cumulative effect of better prices when combined with a good staking plan, can make the difference between you generating a healthy profit or a bad loss. Using an exchange does not mean you will automatically win more frequently. You still have to find good value winning bets yourself or via a professional tipster but it's the effect of getting a better return on your winning bets that will boost your betting bank and protect you during losing streaks. Most people use the betting exchanges on the internet, all slots mobile casino review you can also place bets on the telephone. -- Betting Exchange Advantages As well as regularly finding better prices when backing a selection, exchanges also give the gambler some other very important advantages over traditional bookmakers.
-- Some of the key advantages are: 1) The ability to LAY a selection if you think it will not win. 2) The ability to BACK or LAY a selection to be PLACED. (This is very different to the well know Each Way bet offered by bookies and can be very powerful). 3) Betting IN RUNNING on many events INCLUDING HORSE RACING. This can give you many advantages and opens the door to new methods that may secure you more profits. 4) If you are very successful, you will not have the exchange company threatening to shut your account down. 5) The ability to TRADE on price movements in betting events to guarantee yourself a profit regardless of the result.
6) Arbitrage Opportunities. Bookie and exchange price discrepancies often allow you to take a NO RISK bet. Those are some of the key benefits of using a betting exchange and I will dig deeper into these and explain how you can use them to your advantage in future betting articles. For the remainder of this article, lets concentrate on point 1, LAYING a selection to Lose. -- LAYING To Lose - A Major Advantage Of The Betting Exchanges Probably the most important feature of a betting exchange is the ability to LAY a selection. But what does laying a selection mean. Laying a selection is often referred to as 'Playing the role of a bookmaker'.
Like a bookie, you offer all slots mobile casino review price against a selection event happening (eg. a certain horse to win a race or a football match ending as a draw). You only do this if in your opinion there is a great chance that the horse won't win or the football match will not end as a draw. The betting exchanges simply match your lay bets with other customers who think the opposite of you (eg they think the horse will win or the match will end as a draw). -- Lay Liabilities The odds that you offer determine how much money you will need to 'pay out' if the selection actually wins (just like the bookie does when you have a winning bet with them). So if you were to place a lay bet of £10 at 5. 0 (41) against a selection, you would be liable to pay out £40 from your account if that selection won (The other punter gets their £10 back plus £40 profit).
If however, the selection does lose you get to keep the £10 staked by the other punter (just like the bookies have done with all your losing bets all these years!). It's as simple as that. Now, you might be thinking 'great, I'll simply lay all the rank outsiders and clean up'. STOP. Don't even go down this route. If you keep placing lay bets on selections trading with very high odds (eg 501), you will win regularly but when 1 of them comes first you will probably wipe out all your winnings and more.
A single £10 lay bet at 501 would see you liable for paying out £500 should the selection win. Therefore, I strongly recommend that you decide upon a sensible upper limit for lay odds and stick to it no matter what. Just think about how many favourites get turned over in horse races every day of the year that are perhaps available to lay at very short odds like 1. 5 (12). Your liability on a £10 lay bet at these odds is only £5, or £50 on a £100 lay bet. I like to keep my lay bets at odds below 4. 0 (31) but that's just my own personal choice but it gives you something to go on.
Visit now for more free betting and gambling related information by Martin. (c) Copyright Martin Bailey. All rights reserved. You may publish this article online or in print provided that the article and byline remain fully intact along with all live links. The NBA season is one of the most popular sports events every year and is eagerly awaited by millions of fanatics around the globe.
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