The betting exchange is an alternative to bookmakers, in which all bets are made directly between the players. In this case, bets can be made in the usual way, like a bookmaker's office, or independently act as a bookmaker and accept a bet from other participants. Before you start making money, you need to register in the system.
Instructions
Step 1
Register on the betting exchange. There are currently many platforms for betting between players. The most popular of these are Betfair, Betdaq and Matchbook. In some cities there are also special clubs where bets are registered between participants. Basically, earnings on the betting exchange are conducted online.
Step 2
Open your own betting exchange account. Top it up with the minimum deposit. You should not immediately invest all available funds in bets. Learn to control your passion and only after that start serious earnings.
Step 3
Select the sport you would like to bet on. You should not choose the first one that comes across, because in this case your bets will not differ much from the usual digital lottery. Pay attention to those sports in which you are not only well versed, but also know the rosters and lineups, standings, player status and many other factors that can affect the outcome of a match.
Step 4
Check out the list of upcoming matches. Review the information on the rates for the selected competition. As a rule, the odds for the victory of one of the sides and the odds for a draw are indicated. Analyze the state of the teams and choose a deal for the outcome you predict.
Step 5
Use one of the guaranteed profit making methods on the betting exchange. There are two main ways. In the first case, it is necessary to place a bet on a certain outcome at a price X, and then accept a bet from the players on the same outcome, but at a price that is less than X. high. In any case, regardless of the outcome of the match, you receive a net profit in the form of the difference.
