Best Betting Exchanges UK – Who You Should Open Accounts With When Matched Betting

Looking for the best betting exchanges UK? Then you’ve come to the right place!

Betting exchanges are essential to the Matched Betting process, and finding the right one will help your Matched Betting journey no end.

Today we’re going to be looking at the big three betting exchanges in the hope of finding the one (or possibly two) that are right for you.

Betfair

Betfair is probably the most prolific betting exchange, but is it the best betting exchange in the UK?

Wagering Options

The Betfair Exchange without a doubt holds the largest of all wagering options. Name something you want to lay and Betfair has it.

In fact, I’ve struggled to find something I can’t lay on Betfair.

This includes obscure matches, greyhound racing, in-play bets, cycling, cricket. Even weird and obscure stuff such as who will host the 2024 Olympics or who will be the next Dr Who.

While you may be saying to yourself “who would bet on that”.

In my early days of matched betting, there was a promotional offer on one of the bookmakers for the winner of Big Brother. Luckily the Betfair exchange once again had me covered.

There’s no denying that the wagering options on the Betfair exchange get 100/100.

Market Liquidity

The second big thing I really care about in a betting exchange is the market liquidity.

That’s the amount of money in the market, to ensure that you’re bet doesn’t become partially matched.

I’ve been in situations in the past where it’s been seconds until kick off or until a race starts and my bet is still partially matched because I’ve failed to check how much money is in the market.

Luckily, Betfair has the largest amount of money in the market. Which is pretty much a given considering the size of the exchange.

This means that if you are going to be betting on slightly less mainstream events then you’re going to want to use Betfair to do so.

You can always check the amount of money in the market using the numbers provided, and remember you don’t need to mug bet the exchanges, they won’t gub you.

Commission

Betfair knows it’s the king of the market, and by doing so will charge the highest commission on the exchange market at 5%.

This is, unfortunately, the one reason why I’d put off using Betfair over other exchanges on mainstream horse racing and football matches where the availability and market liquidity is highly available.

Side Notes

Betfair is a bookie as well as an exchange. Much like the Ladbrokes exchange. Which means while they won’t ban/gub your exchange account they may ban you on the bookie’s side of things.

There are a couple of things you can do to avoid this. The first being, don’t ever back and lay the same bet with the same company.

If you’re trying to trigger an offer on Betfair don’t lay the bet off on Betfair. Instead, look to use one of the other exchanges.

Do your best to use the Betfair exchange only as and when you need it.

Other exchanges cover the market almost as well as Betfair which means you should only need your Betfair exchange account on select occasions.

Reserve the Betfair exchange for just that, select occasions.

Smarkets

Smarkets is an exclusive betting exchange that operates in the UK.

I’d never heard about it prior to Matched Betting, however, it’s now my first port of call when requiring an exchange to lay off a bet.

Wagering Options

Smarkets covers a wide range of major markets, along with a handful of minor markets (i.e. Eurovision, Politics etc.)

It’s not quite as extensive as Betfair. However, this is a small factor considering how it’s able to not link between the for and against markets like Betfair can operating both a betting and exchange platform.

Market Liquidity

Second only to Betfair once again is the liquidity in the major markets on Smarkets.

Major markets are fast-moving and often have more than enough liquidity in them to allow for large liabilities when laying off a bet.

To maximise the liquidity I always try and place my bet as close to the ‘off’ of the event as possible.

Commission

Smarkets takes a 2% commission.

However, they often run partnerships and promotions with major Matched Betting companies such as Profit Accumulator to offer zero percent commission to users.

Betdaq

A betting exchange that operates in the UK that I’d never heard of until I started matched betting.

It’s personally not my favourite but certainly useful to have on hand should you want to use the market for a close match in the near future.

Wagering Options

The Betdaq exchange covers the vast majority of mainstream events. The selection of obscure markets isn’t quite as complex as you’d find on Betfair.

In fact, at the time of writing, it only included one market which was Eurovision.

However, that’s not too much of an issue.

What is rather impressive is that Betdaq does include a market for some of my personal popular bets including ‘first goalscorer’ which can only otherwise be found on the Betfair exchange.

Market Liquidity

The second big thing I really care about in a betting exchange is the market liquidity.

That’s the amount of money in the market, to ensure that you’re bet doesn’t become partially matched.

I’ve been in situations in the past where it’s been seconds until kick-off or until a race starts. Leaving my bet partially matched because I’ve failed to check how much money is in the market.

Again you’ll find that for most mainstream events, Betdaq has enough liquidity in the market to have you covered.

Although that will start dwindling when you’re looking at more obscure results and higher odds.

You can always check the amount of money in the market using the numbers provided.  Remember, you don’t need to mug bet the exchanges, they won’t gub you. 

Commission

Betdaq’s normal commission rate starts at 5%.

However, this can be cut to as little as 2% depending on the volume of bets you have matched. Click here to learn more.

Even if you’re not convinced after this Betdaq review that it’s the best long-term betting exchange for you it’s still worth signing up.

That’s because the exchange offers 0% commission for your first month, as well as a spend £10, get £30 in their Casino (30 rollovers) for all new customers.

Matchbook

Finally, Matchbook. Personally, I find this betting exchange similar to Betdaq in the sense, I’d probably go for Betfair Exchange or Smarkets instead.

However, if there’s a close match or a market unavailable from Betfair Exchange or Smarkets it’s a handy account to have open and ready for action!

Wagering Options

The Matchbook exchange has a wide variety of wagering options. However, it’s not quite as comprehensive as Betfair.

You’ll find all of the horse racing and all of the major football matches. However, you won’t be able to lay off bets such as the first goalscorer using this particular exchange.

There are however some ‘off the beaten track’ betting opportunities including these political ones.

You may be thinking ‘I’ll never need them…’ but actually, you’ll be surprised how many bookmakers look to capitalise on one-off betting opportunities by promoting special offers – which as matched bettors make us money!

Market Liquidity

Matchbook doesn’t have the most money in the market, but for most mainstream events you should be able to get buy.

Especially if the horse or team is the (one of the) favourite(s).

Again, if the market liquidity isn’t enough I’ll either wait (if the start time is okay) or I’ll move to Smarkets or Betfair which have a higher market liquidity. However, they do charge more commission.

You can always check the amount of money in the market using the numbers provided, and remember you don’t need to mug bet the exchanges, they won’t gub you.

Commission

Let’s face it, the one thing we all care about is money. Matchbook seems to know that which is why they offer just 2% commission.

If you think there’s a betting exchange that should be on our list of ‘Best Betting Exchanges UK’ let us know in the comments below.

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