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How does betting exchange work exactly? I learned that it is different from a sports book. I have looked through the gambling board I am yet to see anything like that. Between a betting exchange and a sportsbook, which of them guarantees that I will make a higher profit after a stake of no more than 3% of my bank which is my maximum risk?

I have read about it but I've never been involved in it personally, so there's not so much that I know about it aside from what I have read.

You can go through this link to know more about it and probably get the answer that you wish to know: https://www.telegraph.co.uk/betting/sports-guides/betting-exchanges/


In terms of odds, betting exchange would be a better choice than sportsbook.

Thanks for sharing this article as I have also come to learn a lot about betting exchanges. Indeed betting exchanges are the traditional gambling that I grew up knowing; I never knew it has now been integrated into online platforms. To be sincere, I do not like the concept for the fact that I will be playing against my fellow gambler and the progress of one person means the downfall of a fellow gambler. Like I said before, this pattern existed in the past and I hated it completely because most of those who indulged in it then were the poorest and destitute which make me see it as an activity of one poor person trying to steal from another poor person. As at then, each time I see two people gambling using that pattern, the first thing that I do is to run a mental check on what could be the net worth of the gambler and how much I could possibly win from him. The moment I asked myself this question, it further make me hate the entire concept. Gambling should be something that should change my life and not some hobby that will not make any serious positive impact in my life.

I avoid the so called decentralized markets because they're so easy to manipulate. The ones settling the market often collude with the punters to bring them the best results, so for me it's not something worth exploring.

I had made a thread with an example about this:
https://bitcointalk.org/index.php?topic=5480541.msg63447683#msg63447683

UMA, one of the most prominent decentralized gambling markets, had closed a market with an outcome decided upon that was very antithetical to reality. So in spite of the interesting choices, I'd still prefer a trusted centralized bookie settling the market results, even if they were having a bigger edge. Settling the markets based on real outcomes other than opinions is a very basic matter for such gambling games.

You made an excellent point. I have seen this happen in prediction markets in crypto but it was in the past. I didn't really take it serious as I was more of an observer than a participant. I think that's an inherent problem with crypto. It reminds me how far an oracle service like Chainlink has to go in order to stop node operators and other participants of their network to not collude and cheat other participants by influencing price feed of an asset. I think it's more of less the same with these decentralized prediction markets /betting platforms that you mentioned.

Sometimes, the devil you know (centralized betting platforms) is better than the angels we don't know.

Do you have the financial strength to stand against higher hands, if you don't then you should stick to the common sport booksmakers for your gambling as you will have a higher chance of making profits there with small stakes than betting exchanges. Unlike the traditional online gambling bet exchange are richly prone to tricks and the corruption of outcomes in the course of the events depending on what and who you bet against or for, which makes it for me a no favourable ground for small bettors like myself. These sought of character are very minimal with the common betting sites.

Yeah, sticking to traditional sportsbooks can be a safer bet for smaller gamblers. They've got the financial muscle to handle big wins and losses and there's less chance of shady stuff going down. With betting exchanges, things can get a bit trickier especially when it comes to influencing outcomes and all that. It's a bit of a wilder ride and for someone like me who's not rolling in cash, it might not be worth the risk. So I'll stick to the tried and true sportsbooks for now

A betting exchange will give you much better odds becoming you have a free choice on the odds available on the market of bet while sportsbook has fixed odds based on the set amount of bookmaker.

I never try to play betting exchange because it’s easier to place bet on sportsbook since you will just to pick odds while the betting exchange gives you a complication on bets since you will still need to choose on what odds do you like to bet.

The reason why this topic is not frequently discussed here is because most of the crypto casino doesn’t have this feature and just have sportsbook which is the most popular while the function is just the same in regards of betting on sports.

3% of your total savings? That's a lot still for me and I won't do that. As much as possible lesser than that so it won't really matter at all if I lose. And knowing what you're doing, you are gambling and there is no guarantee that you'll make a profit out of it.

You should even be expecting that you're going to lose aside from winning. Because at most times, instead of the positivity that you're going to win, what's more anticipated is that you're going to lose more money.

I suppose this is mainly for those that own or are in some partnership with these organizations to give you the actual detail on what it entails.

One thing is for sure, your bond to make money in either of the investment. While you might have to pay some as retina in terms of winnings and promotions, the other you might have no need to pay out nothing rather than paying for promotions and the projects you might run for the business.

If I were to give an opinion, I would say gambling platforms remains some of the best. You get paid on losses, you’re sure to get patronage should your site gain a lot of publicity and it’s trusted. Meanwhile, a lot of persons are into gambling in recent times.

If you want to go with the safer one then sportsbook is going to be your choice but if you want to go with the risky one that may give higher profits then you may go with betting exchange. It's again your own choice that matters the most. If I were in your place then I would go with sportsbook because that would be much safer for me in long-term.

I will only gamble on what I know cannot be easily manipulated. This exchanges are something else, and they can deceive you with higher profits just to lure you into exchange betting. I prefer the one that I am used to which is sportbet.

Don't be deceived gambling cannot change  your life, because you lose more than you win. However, if you are lucky to bet at the right time of your luck with a good amount of money, then it is possible for you to win big, but the chance is very slim 1%. Gamble for fun not because you think that you can use gamble to turn your life around, so that you don't run at big loss.

I'm hearing this better exchanges before, it was already here even before crypto gets popular but I was not interested in them because it's more like a math or numbers exam. Sports betting is way better  for me as it's simple to do, just choose a team or a fighter and then put a bet.

I understand that OP might want to take gambling at a higher level, like a serious level as he was already talking about 3% bet, so he can explore which one fits for him as winning in gambling requires focus, so he has to choose one only.

I would like to iterate the distinction firstly between betting exchange and sportsbooks also known as bookmaker or bookie.
 In all, both are riddled with the potential to earn the gambler great fortune if they can guess and wager right with monies they aren't afraid to lose:

While a betting exchange is just a marketplace like the cryptocurrencies market, it aims to connect two waging bettors on each side on a game or match about to start.That is, a gambler can be able to lay a bet on one team not to win against the other, rather than simply bet for the latter team to win and then go ahead to match the bet with another player on the exchange.

Betting exchange doesn't take bets or odds like the traditional bookmakers or bookies, instead they have functions that place bettor against bettor in a P2P situation on the platform the gambler chooses, just as P2p in trading cryptocurrency is.

Bookmakers collects bets for odds on either side of a sporting event because of the difference between what the bettor would wager and what he would win.

Knowing now that a betting exchange offer same opportunities to place bet as a bookmaker or sportsbook would with the potential of great profits after the match event, another difference is that the Gambler can always buy (back) and sell (lay) the outcome, and can do trade in real-time throughout the match event, either to cut their losses or lock in profit, unlike some bookmakers platform which function without a payout option.

It is now left for you the gambler to decide which platform between a betting exchange and sportsbook, would give you the best profit return and would be economically suited for your funds.

Betting exchange? Or Betting casino? I'm thinking about betting exchange where you are betting on exchanges that maybe have the best order book or something. It's definitely something that could be interesting to look at lol. I don't have any idea with this but I'm thinking it's something similar to having more options if you were to be in an exchange? Like you can trade aside from just playing games in the casino or something?

3% is a good risk management thing.

If it's P2P then it would be hard to trust something like this. I'm not really sure if there is a platform for this or if was it just like the polymarket.com where any user can set up a match and put their odds.

Most of us here only knew that centralized sports betting platform which is the user against the house. We are more comfortable in playing on them since we know they have the bankroll and they are licensed.

As far as I know sportsbooks give gamblers some security but start with small bets first. Expecting high profit in the beginning requires taking maximum risk and the profit side will be very low. A betting exchange will have a solid range of markets but great ones will have a wide range of betting options for their customers. When we stock up we don't want to look at simple betting options for results. Access to the top range of betting markets available is easy when using a sportsbook.

You know, people are thinking and introducing more gambling innovations and applying the features in real gambling experiences. This is what conceived the gambling exchange and it is not so much different for the gamblers's experience in terms of the outcome in my opinion, but for the house. I've not also used it personally like other people who had replied to this thread, and this is to show how new and unpopular this pattern of gambling is. If you try it, you might be experimenting as this unpopular style of gambling will still no doubt be at its experimental stage. Maybe it is for better transparency by the house because it relieves them much risk but would force them to gain from commission from the cross-betting arrangement in the former of brokering gambling betting options among the better on their platform. But there will always be left over which I believe the house will absolve as risk and will entirely gain from the loss of such betting. For this, they would have limited the risk in gambling handling and would be able to pay their customers easily.

But they can't be rich as the gambling arrangement in which the house takes it all when the bettor loses his money. I do not know how this entirely works for the house in terms of making their money, nevertheless, what I explained is what I can guess so far. However, about how helpful it could be to gamblers compared to the traditional way, I think that it is not better helpful as your winnings/losses are your winnings/losses whether it is with an exchange arrangement or the traditional way. You can always bet against the odds in the two and go home with the money made from them or forget the losses to another party. Now, the main focus is for the casino to be trustworthy to give you your earnings because this is a new development in the gambling industry, so finding the right casinos that will not dupe you might be another challenging task compared to the traditional way that is already well-established with a lot of beautiful options you can choose from.

You may have to read through the link shared in few comments below the thread to have idea of what betting exchange really means, although after reading through the entire article to see that this kind of betting is Carried out on an exchange I couldn't find any of such informations, but the this type of betting is more complex compared to the traditional betting.


And also we haven't heard any thread that discus this topic before, and for that we all have to take extra search to discover more about this kind of betting before we can clearly compared betting exchange to traditional sport betting.

I don't know the difference but I always look at different locations once I find a game I want to bet on.  Go to the site that has the best odds. Most of the time it's negligible but in the case of some future vets in sports you will find a big difference.  That's how I try to deal with maximizing profit on sports betting.

How about you make an investment in cryptocurrencies such as Bitcoin with that money instead? It is better than gambling in my opinion. The prices are pretty low at the moment, we have got the bull run coming up very soon, so I'm pretty sure you can earn some profit from that if you invest right now. If you are looking for profits, then that is what I would suggest.

However, if you are looking to gamble anyway, I would suggest you go with a sportsbook and make your bets there if you know you have enough knowledge and experience about certain sports because one can be able to earn some profit in the long run if they can manage their bets in a good way and if they have enough knowledge and experience in the field.

Betting exchange? Hmm, I think they are like an option trading where you need to choose if whether the market will go bullish or bearish. That would be their obvious difference from sports betting where we need to choose between a sports team or players. There is also E-sports now where we can bet on our favourite video game players around the world.

Even though both of them has a profit potential, I still think that sportsbetting is more strategic. Making a guaranteed profit may still be impossible if that is your goal. This is still gambling after all, so the chance of losing is always there at the corner, waiting for you to make a mistake. Our luck can also contribute to it.

There are not so many popular betting exchanges that you can find in the forum. But I remember this

exbet.io  - https://bitcointalk.org/index.php?topic=5187610

If you try to click the site, it is already down. Seems that they are out of business already. But they started good as they gave the community some free money to try out their site. However, maybe owed to "complexity" on how to play, it didn't attract patrons to maintain the business.
In this case, I can say, sportsbook are the ones gaining in profit as you can see a lot of bookies in this forum alone and they are continuing to operate and still growing.

I remember them but when it's come to understanding of what is a betting exchange from a casino, does it really matter with the difference of it? Both are still a gamble and that's why those that prefer to go into a casino with specific games like sports betting, that's all what matters to them.

But from the point of casino owners, what matters to them is on they're being liked by their customers and that's through their various games that have been made.

So, if someone wants to make with the games that has the potential to profit, most likely everyone will choose to do sports betting because many are already familiar with it.