Bet Exchange – Ultimate Guide To Use Betfair & Competitions Most Profitably

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Bet Exchange Enables You To Turn Sports Betting Into Risk-Free Money Making Tool. Understand How To Use Betfair & Competitions by Knowing The Best Tactics To Sign-Up with The Best Offers. This Is The Start Of Your Regular Risk-Free Extra Income!!

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Bet Exchange Preface

GEM man imageIn sports betting, you may know bookmaker, but yet a few people are aware of Bet Exchange. It’s a very useful tool to guarantee profit when you do Advantage Gambling. We share what it is, how you can use Betfair & 3 Competitors with the best tactics of how you should sign-up by exploiting the offers.

No Gambling at Bet Exchange

Firstly, we are not a gambler. We don’t count on luck but rely on mathematical logic & edge to beat the bookies. How?
Continue to read --
We use Advantage PlaysAdvantage Play, Full List that is the ONLY surest way for ordinary people to consistently win short & long-term. When it comes to the Sports Betting, we use Matched Betting, Sports ArbitrageSports Arbitrage Betting & Value Bet On Proven Tipsters to extract profits from various opportunities provided by the bookmakers. We employ many customized tactics to get maximum return from every chance. Bet Exchange is essential in the process of the matched betting while expanding its profit via sports arbitrage. Besides, Bet Exchange’s far better odds than conventional bookmakers improves profits from value bet on proven tipsters. Thus, this document focus on comprehensive instruction on how to make the best use of Bet Exchange, Betfair & 3 Competitors to earn extra income reliably via advantage plays. With all that said, one of our policies is “Betting On Luck Is For Losers, Stop Gamble Betting But Bet on Only +EV To Win Reliably“. It is effectively our way to promote Responsible Gambling under the regulation, and we strongly support GamCaregamcare logo & GamStop being explained in about us. Besides, we Global Extra Money (GEM) would like all visitors from anywhere in the world to enjoy our methods. From that view point,we have issued the following 3 special guides for those who can’t access to the Betting Exchanges being listed in this report;  In these documents, you will find how to access to the bet exchanges we discuss here from the countries that don’t permit and the specific methods that enable people from almost all countries to make the best use of the lucrative advantage gambling opportunities. I have to stress that especially the above Bitcoin Betting will pave the way for all US citizens and those who can’t even use the first 2 methods to make thousands of extra income risk-free, Very useful, worth your time to check.

Very Basics – What is Bet Exchange?

According to wikipedia,

A betting exchange is a marketplace for customers to bet on the outcome of discrete events. Betting exchanges offer the same opportunities to bet as a bookmaker with a few differences. You can buy (also known as “back”) and sell (also known as “lay”) the outcome, you can trade in real-time throughout the event and you trade out to cut your losses or lock in profit. Bookmaker operators generate revenue by offering less efficient odds. Betting exchanges normally generate revenue by charging a small commission on winning bets.Wikipedia
Yes, Explaining the bet exchange in comparison to the bookmaker must be the easiest way to understand, thus let me put in the following way;
  • In the Conventional Bookmakers, we bet “Win” on a player / runner / team etc, which we usually describe “Back“. We compete with the bookmakers so if we win, the bookmaker loses. Bookmaker makes money from a profit margin built in the odds, a.k.a Over-round. You may find how it exactly works in Beat The Bookies By Knowing How Your Enemy Makes Money – Secret Of Odds.
  • However, in the Bet Exchange, we can bet “Not Win” on a player / runner / team etc, which we call “Lay” (Back It To Lose). We don’t bet directly with the bet exchange. Bet exchange is just a market place (similar to the stock market), where punters with opposing views on the outcome of a sporting event are connected. Means we compete with other punters. Bet exchange makes a role of intermediate and make money from the Commission.
Bet Exchange How Works

How Do We Use Bet Exchange & Lock-In Profit via 3 Advantage Plays?

As briefly mentioned at the beginning, we don’t gamble but do advantage gambling to lock-in profit or consistently win for long-term. Let me briefly discuss how betting exchange works in each advantage play;

Matched Betting

Just in case you’re not familiar with it, suggest take a look at Matched Betting For Dummies – 9 Essential Things You Should Know Before Staking Any Real MoneyMatched Betting For Dummies - 9 Essential Things You Should Know Before Staking Any Real Money where you will learn A-Z of the matched betting. However, I will briefly show you how it works by using William Hill (bookmaker) offer. Remember, in matched betting, we make the best use of bookmaker’s offers / free bets to lock-in profit. William Hill’s sign-up offer to new customers is Bet £10 Get 30 Free Bet;WH Sports Sign-Up Page What we do are;

  • 2 transactions of Back (bet on win) £10 on a player / team at William Hill & Lay (bet on NOT win) on the same player / team (select the sport event from Free Oddsmatcher) with appropriate stake £ (use Free Calculator) at Bet Exchange so that you cover all outcomes.
  • Regardless of the outcome, your losing & winning will cancel out each other. In the real practice, usually, 2 bets are not perfectly offset due to the odds difference & exchange commission. Therefore you make a small loss called Qualifying Loss. However, you get £30 Free Bets.
  • Now, you repeat the exact same process but using the free bet for the back bet at William Hill. Then, this time free bet value (minus little loss) will become your net profit.
  • For the specific guide on how to do it, please go to Free Matched Bet Starting Guide Risk Free Betting Starting Guide (3) – How To Extract Cash Profit from Free Bet(2) – How To Sign-Up & Place Qualifying Bet & (3) Extract Profit, where I use this William Hill sign-up offer as the example for step-by-step instruction.
  • Remember, key success factor is how to minimize this qualifying loss during these process.
This is how we use bet exchange in matched betting and get guaranteed profit from the bookies’ offers.

Sports Arbitrage

If you don’t know what sports arbitrage is, please take a look at Is Sports Arbitrage 100% Risk Free Surebet?surebet know the basics and risks feature image  In sort, the main advantage of bet exchange for sports arbitrage is that the odds at a betting exchange are on average 10 – 20% better than they would be at a traditional bookmaker. Means, even deducting the commission, their odds could be still better. Actually, using a betting exchange is an integral part of Sports Arbitrage Sure Bet strategy. I’m talking about Backing in the Exchange Not Laying Off in this case. However, you can also make the best use of Lay bet for sports arbitrage. For this particular strategy, see Arbitrage Betting – Use Exchange & Extend Matched Betting Profits.

Value Bet On Proven Software / Tipster / System

For those who are not sure about this method, please go through Value Bet By Proven Best Tipsters GuideValue Bet, Feature Image Why is bet exchange useful for this? Allow me to reiterate, that the back odds at exchange are theoretically (practically almost without exception) higher than conventional bookmakers because;

  • Generally speaking, punters at betting exchange work at low margin because they compete each other especially in lay bet side. You can observe it in over-round % displayed at each back & lay odds in each market. In lay side, it’s often less than 100% that is under-round. Considering the fact that bookmaker’s over-round of 10% < is not unusual, the odds at exchange is much better than the bookmakers even deducting 2 – 5% exchange commission.
  • In bet exchange, back & lay adds are determined by market demand, and these 2 odds are displayed side by side. Needless to say, back odds is always lower than lay odds. It is not necessarily the gap between these 2 odds is very narrow but reasonably close. Then, when the bookmaker’s odds becomes higher than betting exchange back odds, arbitrage condition may be created. Therefore, betting exchange back odds can’t be lower than bookmaker’s odds.
  • See the below snapshot of horse racing in odds checker table. The best odds are dominated by the bet exchanges of 3 columns at the right end;
    Best Online Bookies, Exchange Odds
    Click To Enlarge
The bottom-line here is for those who bet on top rated tipsters / system, they may find even better odds at exchange than the tipster’s suggested price of conventional bookmakers.  

Bet Exchange Sign-Up Strategies

Now, I’ll explain the best sign-up strategies;

Key Bet Exchange List

There are following 4 Major Betting Exchanges;

  • Betfair – Market Leader / Broadest Market Offer / Largest Liquidity / Highest Commission of 5%

Betfair Exchange LogoBetfair Availability In The World Update

  • Betdaq – Market Follower / Good Market Coverage / Modest Liquidity / Lowered Commission from 5% to 2%

Betdaq Exchange LogoBetdaq Accepted Territories – See Your Location 2.3

  • SMarkets – Rising Star /  Good Market Coverage / Modest Liquidity  / Competitive 2% Commission

SMarkets Logo BlackSMarkets Restricted Countries – See Account Rules 2.2

  • Matchbook – Niche / Modest Market Coverage / Modest Liquidity / 1.7% Commission (both win & lose, remember all the other exchanges’ commissions are against only win)

Matchbook Exchange LogoMatchbook Restricted Countries – See F&Q

When it comes to the bet exchange market analysis, the article published in Linkedin gives you good insight. The below chart doesn’t include SMarkets though as pointed by the author in the comment, SMarket is growing nicely with strong profit margins;Bet Exchange 3 Players Bar Chart

Basic Principle

Firstly, we are matched bettors, means we rake cash from every promotional offers. Same as the bookmakers, all the above 4 betting exchanges provide you with sign-up offers. Therefore, there are no reasons to be picky but you should sign up all to extract cash from the welcome bonuses.

So, what I will explain next is a few tactics on sign-up order, daily use & a bit of cautions.

Suggested Tactics

Core Bet Exchange

SMarkets; Given the competitive 2% commission, you may want to use it as a core exchange for your daily matched Bet Exchange 2 Logosbetting. Means, your first sign-up to be SMarkets.

Stand-By Bet Exchange

Betfair: Given its vast market coverage & liquidity, you always want to keep Betfair stand-by whenever you can’t find the appropriate market such as Greyhound in SMarkets. Besides, note that Betfair also provide conventional bookmaker service called Betfair Sportsbook in addition to bet Exchange. Since Betfair is famous for bet Exchange, many newbies are initially confused. Importantly Betfair Sportsbook offer a lot of juicy promotions for matched bettors.


While you’re using Betfair Sportsbook, suggest don’t be obvious at Exchange. What does it mean by obvious? Find out more about account restriction. Never ever lay off at Betfair Exchange while backing the same event at Betfair Sportsbook. It’s exactly demonstrating that you’re a matched bettor. Then your Sportsbook account could be quickly gubbed. So, ensure you use SMarkets when you do matched betting at Betfair Sportsbook. Anyhow, once your Betfair sportsbook is gubbed, it’s high time to start using the exchange function aggressively together with SMarkets. Don’t worry, Betfair will gubb your Sportsbook but Never Gub Your Exchange.

Opportunistic Bet Exchanges

Bet Exchange Market Share Unlike bookmakers, historically, bet exchange is not aggressive in providing promotion. However, both Betdaq & Matchbook periodically provides juicy promotion that can apply to both Back & Lay market, such as 0% commission or Risk-Free Bet regularly.

Betdaq – The standard commission changed from 5% to 2%, which makes this exchange competitive against Betfair. It’s worthwhile for every advantage players to have Betdaq to expand the laying options. betting exchange, betdaq commission deduction Matchbook – The standard commission is 1.7% but it applies NOT ONLY to winning bets (applying only to winning bets is the case for all the other exchanges) BUT ALSO to LOOSING BETS. So, obviously how this affects varies from punter to punter. Assuming you as a matched better’s win & loss at exchange is 50:50, the return could be equivalent to SMarket’s 2% commission. The real benefit is that they run the largest number of promotion applying also to Back Bet. It’s like Betfair Sportsbook. However unlike Betfair Sportsbook, Matchbook clearly declare No Account Restriction;Matchbook Never Get RestrictedOff course they basically don’t allow you to make matched betting, means back & lay on the same event within their exchange, it’s a Must Exchange you can enjoy offers without being bothered by gubbing. BTW, Betfair exchange also started periodical promotion such as 2% Commission for All Premier League Matches;Bet Exchange Betfair EPL 2% Commission It proves that the competitiveness among bet exchange is getting fierce, which is an encouraging news for us. Just FYI.

Bet Exchange Sign-Up Process & Place 1st Matched Betting – SMarkets Example

Best Sign-Up Process

I’ll show you how to sign-up bet exchange by using SMarkets as an example. Actually, the process is more or less the same among 4 bet exchange, the important thing is carefully check each T&C as emphasized in my each instruction. Click the below “+” which opens the step-by step process with the screenshots;

SMarkets Sign-Up Process with Screenshots
Please follow the below process, which takes less than 10 minutes to complete;

Update & Confirm T&C (Terms & Conditions)

Bet Exchange SMarkets Offer Check

  • Read welcome bonus T&C. I know it’s a boring stuff but never try to save time by skipping it to avoid any unpleasant future surprise;
Bet Exchange SMarkets Bonus T&C
Click To Enlarge

Simple Sign-Up By Filling Information

  • After confirming the availability of the offer & reading the T&C,  click “Start Trading”

Bet Exchange SMarkets Signup Front Page

  • Fill-in the required information related to Account, Personal Information & Deposit;

Bet Exchange SMarkets Signup Account Page

A Few Key Points

  • For the deposit method, suggest use Visa Debit card if possible. Because depositing by Mastercard or credit card incur a 2.5% deposit fee, bank transfer takes a few days. Importantly, Skrill & Neteller deposits are not eligible for the £10 bonus.
  • Account Verification. You will receive the below e-mail to verify account. Suggest you do it as quickly as possible to prevent any future transaction delay;
    Bet Exchange SMarkets ID Verification
    Click To Enlarge
  • That’s it. You’re now ready to place lay bets to construct matched betting once you sign-up the bookmakers.

Some Good News

  • Very simple, isn’t it? All 4 bet exchange I list here are fully licensed & regulated by UK gambling commission. And they register in IBAS – Independent Betting Adjudication Service, thus you can let IBAS resolve when you face any problem with them.
  • Remember, any income from the matched betting are Tax Free in the UK / Ireland as long as it is not considered as your main income.
Then, I will quickly show you how to make the 1st matched betting between SMarkets & William Hill (for further details related to William Hill process, check Qualifying Process). Click the below “+” which opens the step-by step process with the screenshots;
1st Matched Betting Process - SMarkets & William Hill

T&C, T&C, T&C —

  • Firstly, read both bet exchange (again to ensure you follow everything required) & bookmaker welcome bonus T&C. Allow me to reiterate that it’s a boring stuff but never try to save time by skipping it to avoid any unpleasant future surprise. They can change & update T&C anytime, therefore it’s essential to follow their latest guideline. Some of the key points are; Minimum Odds (William Hill set 1.5 for the offer as you see later), Device (via PC, Mobile etc), Deadline (by when such as within 7 days after deposit), and as said in the Sign-Up process, Deposit Method (often Skrill / Neteller deposit is not eligible for the sign-up offer) etc.
  • Go SMarkets Welcome Offer T&C carefully check;
Bet Exchange SMarkets Bonus T&C
Click To Enlarge

Find Sports Event & Calculate

  • Go Free Odds Matcher to look for the appropriate sports event. You chose William Hill as a bookmaker. You can always find a list of the candidates as shown below. The best one (means the narrowest odds between William hill & SMarkets) is IK Frej v Atvidabergs FF Sweden / Superettan shown at the top. But, lay market liquidity is small ( means, this opportunity may go quickly) & preferably chose a bigger league, let’s select English Premier League Leicester City vs Chelsea. This opportunity is back Chelsea at 1.8 odds in William Hill & Lay Chelsea at 1.82 in SMarkets;
Bet Exchange SMarkets Odds Matcher
Click To Enlarge
  • Since William Hill’s welcome bonus is Bet £10 Get £30 Free Bets, we need to know how much lay stake we should place in SMarkets when we back £10 at William Hill. Click the “i” icon at the right end, that will navigate to the calculator as below;
Bet Exchange SMarkets Odds Matcher Calculator
Click To Enlarge
  • We can instantly know, we should lay £10 in SMarkets at 1.82. Then our final qualifying loss is £0.20. Means, regardless of the final outcome of the match (Chelsea win or lose or draw), we will lose £0.20. However, we will get £30 (£10 x 3) Free Bets after the settlement of the match.

Place Bets

  • Now, we will construct this matched betting by placing the bets both in William Hill 7 SMarkets. Firstly William Hill, remember, you should place the bookmaker’s bet first, this is an important theory (don’t think too much at this stage just follow this principle, you will know why in due course). So, go to William Hill and place £10 on Chelsea by confirming if 1.8 odds is still available. If it already changes, you may have to recalculate the updated loss (or possibly profit);
    Bet Exchange William Hill Chelsea Odds
    Click The Image To Enlarge
  • Then go to SMarkets, confirm the odds if it’s still 1.82. In SMarkets (basically more or less the same among all bet exchange), there are 2 parts of Blue Colour (right side) & Green Colour (left side). You need to Chose Blue Colour for Lay. Green colour is Backing. In bet exchange, you can also back, but at this stage I don’t want to confuse you, so just remember you chose Blue to lay;
Bet Exchange SMarkets Chelsea Odds
Click To Enlarge
  • That’s it. Just wait for the outcome, and repeat the same thing 3 times to extract William Hill’s £10 x 3 Free Bets. You need to select long odds for the free bet, therefore suggest you follow the guideline to extract free bets.

SMarkets Sign-Up Offer & The Way To Lock-In Profit From it

SMarkets Sign-Up Offer is “Get £10 Risk Free Bet” – Probably The Easiest Welcome Offer To Lock-In Profit Click This Entire Box To Start Claiming It!!
SMarkets Welcome Offer Page

How To Extract Cash From The Offer?

Their signup offer is probably the easiest one, because you don’t have to do anything. SMarkets will refund your first £10 loss. Yes, even you win thousands of £ before you lose £10, SMarkets will refund that first £10 loss. So, just keep doing the matched betting, and whenever you lose £10 for the first time in SMarkets, you will be refunded, and as you’re aware it’s your profit.

Betfair Sign-Up Offer & The Way To Lock-In Profit From it

You may want to signup via Betfair Sportsbook rather than via Exchange (unfortunately you can’t get both sign-up offers). Simply because usually, Sportsbook’s welcome offer is more attractive than the one of Exchange. Anyhow, I will list 3 approaches with 4 Offers (2 different offers for Exchange Sign-Up) of Betfair Sign-Up & Offers as;

  • Sportsbook Sign-Up Offer Only
  • Exchange Sign-Up Offer Only – 2 Different Offers

Sportsbook Sign-Up Offer Only

Click the below each offer box to see each offer T&C carefully, and select the approach which most suits you.

Betfair Sportsbook Sign-Up Offer is Place 5 x £10 or more bets to receive £20 in free bets. Repeat up to 5 times to receive maximum £100 bonus. Min odds 1/2 (1.5). Exchange bets excluded. – It Is Also 1 Of The Easiest Offer To Extract Real Cash From It, Click This Entire Box To Claim It Now!! Use Code “ZBBC01
betfair sportsbook welcome offer 100 free betNew Customers Only. 18+. T&Cs Apply

How To Extract Cash From The Offer?

This is also very easy to extract cash risk free. The offer is identical to the above William Hill used at the beginning, means you can lock-in profit in the exact same process. Go Free Matched Bet Starting Guide (2) – How To Sign-Up & Place Qualifying Bet guide and the next Guide (3) – How To Extract Profit from Free BetRisk Free Betting Starting Guide (3) – How To Extract Cash Profit from Free BetThen, focus on exploiting Sportsbook offers by laying at SMarkets. Don’t worry, even you signup with Sportsbook, you can use Betfair Exchange any time. Make sure, you place a single Sportsbook bet (minimum stake £10) on any Sportsbook market at odds of at least 1.2 (1/5) within 30 days of opening your account. Exchange bets are excluded from this promotion.

Exchange Sign-Up Offer Only – 1

In case Those Who Prefer To Sign-up via Exchange rather than via Sportsbook – Welcome Offer is £ 20 Risk Free Bet Click This Entire Box To Claim Use the Code “VAL225
betfair exchange welcome 20 free betNew Customers Only. 18+. T&Cs Apply

How To Extract Cash From The Offer?

This is a Risk-Free Bet offer. Therefore you need to see How To Extract Risk-Free Signup OfferFree Bet Signup (Refund To Lose) Bet for specific instruction.


1 point you’d better keep it in mind is that as long as you risk £20 for your first bet you’re eligible in this offer. Remember, you don’t need to Lay £20 (, which involves a bit complicated calculation for the matched betting), but you can Back (for) in Betfair Exchange (Not Sportsbook) and lay at SMarkets. Namely, you use Betfair Exchange as a bookmaker, so make sure you select Blue part rather than pink when you place back on Juan Martin Del Porto in the below case;Bet Exchange Betfair Offer For Bet Also, make sure you must at least risk £20 risk within 7 days of registering your new Betfair account.

Exchange Sign-Up Offer Only – 2

This Is Exchange Sign-Up Offer – 0% Commission Up To £500 For 30 Days, Click This Entire Box To Claim Use the Code “EXCCHE
betfair exchange welcome offer 0 commissionNew Customers Only. 18+. T&Cs Apply

How To Extract Cash From The Offer?

All what you need to do is to keep using Betfair Exchange in your matched betting activities as long as you can locate appropriate odds for the first 30 days after you register. Because, the offer is 0 commission rather than the usual 5%. Thus ensure you set 0% lay commission in the calculator as below;

Bet Exchange Betdaq Lay Calculator
Click To Enlarge

Betdaq Sign-Up Offer & The Way To Lock-In Profit From it

Exchange Sign-Up Offer

Betdaq reduced the commission from 5% to 2% on 26 Jan 2018, which makes this exchange competitive among 4 betting exchanges. It’s worthwhile for every advantage players to have Betdaq to expand the laying options. betting exchange, betdaq commission deduction

Betdar’s New Player Offer is Commission Cash-Back Up To £1,000 in Your 1st Month, Click This Entire Box To Claim Use the Code “DAQBACK
Betdaq 1K Cash Back Offer

How To Extract Cash From The Offer?

Just keep using Betdaq Exchange in your matched betting activities as long as you can locate appropriate odds for the first 30 days after you register. You will pay standard 5% commission during this period. After 30 days, your total paid commission will be refunded as a rebate up to £1,000. Betdaq run various offers to the existing customers. The above cash back offer T&C says “This promotion cannot be used in conjunction with any other BETDAQ registration promotion.” though there is no particular restriction with those for the existing players. Thus you may want to make the best use of such opportunities.


Matchbook Sign-Up Offer & The Way To Lock-In Profit From it

Exchange Sign-Up Offer

Matchbook’s Latest Offer To New Player is £500 commission back for your first 5 weeks! Click This Entire Box To Claim Up To 31 Oct ’17
Matchbook GBP500 Cash Back Welcome Offer

How To Extract Cash From The Offer?

Same as Betdaq £1,000 cash back approach. Matchbook is famous for running various offer to the existing customers. Therefore, make the best use of such promotions that also apply to Back Bet in the exchange like;Matchbook NFL Risk-Free   Since each Bet Exchange changes their offer periodically, suggestyou check 4 Best Betting Exchange Sign-Up Offers where we try to show their latest offer.   Hope the information here will be useful for you to start matched betting for extra income every month risk-free. If you need any assistance from our side, never hesitate to contact us – click the face icon;Global Extra Money Contact Good Luck!! Joshua Walker

Posted by Joshua