The search for punters with whom you can place bets might turn out to be a cumbersome and cumbrous activity. This problem is solved by the advent of betting exchanges. Of course, these are full-fledged sports betting websites like Unibet for you to enjoy. A betting exchange is simply a website or a firm which acts as a broker between one or more punters. In other words, a website where one or more punters can interact and place bets is called as a betting exchange. When a punter places his bet, then it is matched and placed by other punters on various sorts of sporting events ranging from soccer to cricket to football to hockey.
The advantage of betting exchanges in terms of commission
One of the major advantages of using the services of a betting exchange is that when you place a bet which is lost i.e. a losing bet, no commission is charged by the betting exchange for its services. However, if you win a bet then you have to pay a certain percentage of your winnings to the betting exchange as commission. Thus, this brilliant feature of betting exchanges ensure that you are safeguarded from paying commissions when you do not win anything as you have to incur the fixed cost of paying commission only when you win.
The “In-running” betting feature made available by betting exchanges
One of the most unique features of betting exchanges is that they make available the “in-running” betting for the punters which mean that one can place a bet even when the match is going on. This facility is widespread and depends simply upon the availability of television coverage to the betting exchange. The more television coverage is available, the more do they make “in-running” betting available. Betting exchanges also brings to you Asian handicap bets as well as fixed odds bet which are largely favoured by punters.