Editor-In-Chief with 20 years experience covering the betting angles to breaking news stories. Daily slots player, Portsmouth fan and League Snooker Player
There are currently 3 betting exchanges and we feature them all on OLBG and OLBG Ireland. Matchbook have Irish facing offers.
Matchbook is a peer-to-peer betting exchange designed for smart bettors who want more value. A low commission alternative to Betfair
- 2% Commission Rate
- Best Alternative to Betfair
- Great Odds, Sometimes Better Than Betfair
We have checked the range of markets, liquidity, prices, commission rate, bonuses, ease of use…. well everything really.
If you are new to betting exchanges this Betting Exchange Ireland guide will be all you will need.
Betting Exchange Commission Rates Comparison
Betting Exchanges make their money by charging users commission.
Betting Exchange Site | Basic Commission Rates |
---|---|
Matchbook | 2% |
Smarkets | 2% |
BetDaq | 2% |
To help understand these rates more completely before deciding to open a new betting exchange account, and who with, we offer fuller explanations on betting exchange commission rates in the next sections.
Betting Exchange Commission Comparison Example
Let's compare a simple football bet on the exchanges to see how the commission rates affect your nett return
This table used to be far more entertaining with different commission rates for each exchange but all have standardised their model now
We are 'back' betting on an outcome in a betting market to win at odds of 3.00 with €50 stake to win €100.
Exchange | Bet Wins - Profit |
---|---|
Matchbook | €100 - 2% = €98.00 |
Smarkets | €100 - 2% = €98.00 |
BetDaq | €100 - 2% = €98.00 |
Betting Exchange Liquidity Compared [Football]
Choosing the Nations League Semi-Final between the Netherlands and England as an example and looking specifically at the € price to bet on the Netherlands we find the following price and liquidity comparison information.
Exchange Site | Back Price | Back Liquidity | Lay Liquidity | Lay price |
---|---|---|---|---|
Smarkets | 3 | €1908 | €5433 | 3.05 |
Matchbook | 3 | €2993 | €429 | 3.04 |
BetDaq | 2.98 | €796 | €118 | 3.05 |
BetVictor | 2.80 |
BetVictors price for the Netherlands is included for fixed-odds comparison purposes.
Why Everyone Needs More Than 1 Exchange Account
We take it as red that you are serious about making a profit from your betting. Having a few exchange accounts allows you to cherry pick the best back and lay prices.
Now prices do not vary much in the initial show, but traders looking to get in and out of positions can mean that each exchange at different times offers some extra value.
If you have multiple exchange accounts you can put in different bets out of the money and hope one of them gets matched on one of the exchanges. You can then cancel the bets that do not get matched.
You may want to back Manchester United at 3.75 but 3.5 is the best price available, just place a bet on different exchanges at say 3.75 and 3.85 and see who matches your bet first.
By always being matched at the best price in exchange land you are far more likely to come out with a profit.
Another reason for having 2 or more exchange accounts is the dreaded outage. exchanges can go down at certain times and if you have a liability on the exchange you need another outlet so you can get out of your betfair bet.
It's wise to keep some funds in other exchanges for exactly this reason.
Best Alternative to Betfair
The alternative exchange which we recommend you add to your portfolio is Matchbook. Check the Matchbook Exchange review and current sign up offers here.
Matchbook is highly rated by OLBG users with 4 stars out of 5
- Great odds, sometimes even better than Betfair
- Low commission
- Excellent account opening offer
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