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|📈 Sports exchange
|football + 3 more
|🎯 Types of bets
|back & lay
|👉 1xBet Betting Exchange
Online betting on sports is dynamic. Today, some bookmakers offer sports betting exchange. 1xBet online sports betting exchange refers to an online betting platform where punters directly place bets against each other instead of placing bets against a bookmaker.
With such a betting platform, you, as a punter, will have great control of your bets. Although 1xBet had a betting exchange, it is no longer available.
1xBet Exchange Alternatives
Although 1xBet bookmaker does not offer the betting exchange option, this does not mean you do not enjoy this kind of betting option. To ensure you still get a taste of the fun, several other alternative bookmakers allow you to place a bet and invite other bettors to either bet for or against your odds.
Below are the options to try out.
What Sports Can I Bet On in the 1xBet Exchange Section?
Since sports exchange betting comes with a unique thrill, there are high chances you will love the experience.
When you log into the bookmaker, you should go to the betting exchange section to find the available sports.
When compiling this article, you could bet on the following sports at 1xBet and its alternative bookmakers.
- Alpine Skiing
- American Football
- Formula 1
- Horse Racing
- Ice Hockey
- Motor Sports
- Olympic Games
- Table Tennis
- Winter Sports
- Aussie Rules
- GAA Football
- Gaelic Hurling
- Ski Jumping
- TV Shows and Movies
- Water Polo
Although these are the main sports with events in the section, the list of sports differs occasionally. It all depends on the popular sports at the time of the Exchange.
Is Matched Betting and Arbitrages Allowed on 1xbet Sports Exchange?
Matched betting refers to placing a backing bet on an event using the free bet or any other promotion available on 1xBet or any other bookmaker. At the same time, you place a lay bet on the betting exchange of the platform. This means that no matter the outcome, you get a win.
Usually, there are differences in odds on bookmakers. If a bookmaker delay adjusting the odds as the event unfolds and you bet on the best possible odds while you place a lay bet on the exchange section, then this is arbitrary betting. This is also called arbing.
Matched and arbitrary betting are two controversial betting practices. The reason is that you will be betting for a guaranteed profit in both.
1xBet does not have a specific rule that outlaws matched and arbitrary betting. Instead, it poses as a sure bet-friendly gambling site with features supporting this betting. These enablers include special and boosted odds that guarantee you profits. Additionally, 1xBet has unique regular odds for sure bet players.
How to Back and Lay a Bet within the Exchange on 1xbet?
Backing and laying a bet within the 1xBet Exchange is simple. You can follow the steps below if you are logged into your account.
In the steps, we will use a match between Blackburn and Watford:
- Log into your 1xBet account.
- Go straight to the Betting Exchange section.
- Look for the match between Blackburn and Watford and examine all the available markets.
- If there is already a bet that says that Watford will win the match over Blackburn, you can agree with the bet. By doing so, you will be backing the bet at 1xBet.
- If you think that Watford will not win over Blackburn, you can disagree with the bet. This will be laying the bet.
What Are the Odds at 1xbet Betting Exchange?
The betting exchange section of 1xBet offers varying odds. Remember that the odds are not standard, as different punters set them. The size of the bet depends on the judgement of the punter based on various factors. For example, how a team performed in the past, current line up, whether they are home or away etc.
For example, you can have the match between Watford and Blackburn and give odds of 4.5 for Watford’s victory. If you place a stake of 10EUR and this happens, you will enjoy a profit of 35 EUR (4.5 *EUR 10 – EUR 10).
If Watford loses the match to Blackburn, you lose the stake.
The football odds are among the best here at a payout rate of 95.6%, followed by tennis at 94.9%.
What Commissions Does 1xbet Charge for its Betting Exchange?
At the Betting Exchange platform, 1xBet is minimally involved in the whole process of betting. The players are wholly involved as one places a bet while another backs or lays the bet. As a result, 1xBet does not charge anything. It allows players to place bets free of charge.
However, the bookmaker must make some money through commission. For any winning at the bookie, 1xBet will charge the winner a commission of 1% of the total win. However, there is no commission charged for any lost bet.
Main 1xbet Betting Exchange Rules
Every game has a set of rules that you must observe as a player. Below are some for the 1xBet betting exchange:
- 1xBet does not change market information once the bet has been placed, apart from correcting some errors.
- Contact the customer support team if you have any issues or concerns regarding 1xBet’s betting exchange rules.
- 1xBet allows you to make a similar bet on the exchange and sportsbook sections.
- Next, all pre-match market events are available for betting exchange until the game begins.
- Lastly, all winning bets at the exchange section are subject to a 1% commission deduction, while losing bets are not.
1xBet Sports Book vs Betting Exchange – What is the Difference?
Betting at the 1xBet sportsbook and the betting exchange are two important functionalities of the 1xBet website. The only similarity is that both allow you to do some betting.
However, the two are different to the core. The odds form the first difference. While the odds are under control on the sportsbook, the betting exchange has highly varying odds. These are set by punters and, thus, are not standard.
Secondly, the nature of betting on the two differ. On the sportsbook, you are betting against the bookmaker. On the betting exchange, you agree or disagree with a fellow punter’s bet.
1xBet Exchange Pros & Cons
- Offer better and bigger odds
- Allows you to bet against an event happening
- Gives room for matched and arbitrary bets to some extent
- Makes it possible to hedge your bets
- You must have another gambler online to form a bet
- Not possible to place combined bets
- The betting principle is a bit more complex than on traditional bookmaker
Can I bet on the 1xBet sportsbook and the Betting exchange?
Yes, 1xBet allows you to place a bet both on a sportsbook and a betting exchange.
Is matched and arbitrary betting allowed on 1xBet?
Matched and arbitrary betting is not outlawed at 1xBet. The bookmaker has relaxed rules and some moves like sure bets that encourage it.
How does 1xBet get a commission through a Betting exchange?
For every win at the betting exchange, 1xBet takes 1% of the total win.
The Bottom Line: 1xbet Betting Exchange in 2023
Betting exchange is a golden thought, and every punter looks forward to it. It gives the punter more control of their bets, which is already a plus. Besides, it makes it possible to get better odds for players, making gaming more fun.
However, this kind of betting requires a punter to be more informed and analytical before betting.
All in all, its disadvantages cannot overrun its pros. Therefore, it is something punters need to look out for.