Sports exchanges have been operative for decades, and most professional bettors or high rollers are well aware of them.
For the regular bettors, however, the term betting exchange can be pretty new, the reason for this being their exclusivity. Some of you may be thinking about how sports exchange betting is different from normal sports betting.
Coming back to exchange betting, if you can register yourself into a betting exchange, you have a whole new world of things to learn: the odds, the kind of markets, the payouts, and much more. When you know about the terms of a betting exchange, you will need some easy tips to help you land the most wins.
This is why we have created a list of some essential tips that you can use at betting exchange bets while wagering on your favourite team. Through this article, we will be taking examples from some of the betting exchanges, such as Sat exchange and Betfair. Since Betfair is one of the most famous exchanges, you will find many Betfair cricket betting tips below.
Tips for Successful Betting on a Sports Exchange
Here are some easy and practical tips that will help you be successful with sports exchange betting:
Use the Lay Option when Unsure
Every betting exchange, such as Sat exchange or Betfair, offer options of back-bets and lay-bets. Lay betting is selecting a bet that will not happen, and back betting is selecting a bet that will happen. Let’s take an example of the Betfair cricket exchange. Say you place a bet on a cricket match where your chances of winning are 1:8. So here, when you back a bet, you will have to find out which out of the eight options is sure to happen. Whereas when you lay a bet, here, you will have to find a bet that will most probably not happen.
Finding something that will not happen is much easier than finding something that will happen. You have a 7:8 ratio when it comes to lay betting. Hence our advice to you would be to use a lay-bet when you are confused about a bet.
Try Hedging to Minimize Losses
One of the best exchange betting tips that many professional bettors give is to try hedging to minimise the loss. The hedging technique is when you place a bet against the original bet. Say you were betting Betfair cricket, and your team has been winning in the first 18 overs. However, you see that in the last two overs, there is a chance that the opposite team might win, so you place a wager against the first one in a way that it will recover your loss, even though partially.
For example, you placed a wager of INR 100 on the Chennai Super Kings in an IPL match which they are playing against the Mumbai Indians. Say your Betfair odds are 20. So, if you win the wager, you will get INR 2,000. You hedge and place an INR 1,000 on the Mumbai Indians with two odds; if the Chennai Super Kings lose, you still get paid INR 2,000. Deducting the initial wager and the lost wager, you still gain a profit of INR 900.
Find the Best Value
Whenever you are placing your bets at an exchange, check the highest value you are getting. One of the drawbacks of websites such as Betfair online betting exchange is that they do not have many promotional offers. However, you as a consumer should not just rely on the betting exchanges.
Say if you are investing your time in a cricket betting exchange such as sat sports exchange, make sure you know how much profit you can make. To maximise your earnings, you can complement your sports exchange betting by betting on a regular sports betting website, where you will find more promotional offers.
Being Patient is the Key
When you are betting on any website such as the Betfair online betting exchange, make sure that you be patient while doing it. Pacing your wager without thinking, is not going to get you any profits. Also, there is a high chance of loss. One of the best Betfair betting tips you can get from us is, lesser value but well-thought-of bets are much better than the hasty ones.
It is also vital for the players of Betfair online betting exchange to gain as much knowledge as possible. You can read blogs, try out betting and even check out our guides to stay prepared and make smart choices.
One of the other things that the bettors always need to remember is to keep their expectations realistic. Even though the odds at sports betting exchanges such as Diamond exchange or Jio exchange are great, there is always a chance of losing. It is crucial to set a budget with any sports betting and only place a wager on the amount you can afford to lose.
Whether you are betting Betfair cricket or any other sports exchange, your aim should always be to minimise the loss rather than aiming for that big win. While betting Betfair, a lot of people get over-enthusiastic and only bet on larger markets. This should be avoided. Every drop counts and every win you make is the money going in your bank.
In Conclusion
Sports Betting Exchange is super fun and can also bring you some amazing rewards if you use the tips given above. Always remember to play smart and aim to minimise your losses to gain bigger profits.
So, what are you waiting for? Get going for the big wins with exchange betting.
