Person to person betting FAQ
It is impossible to answer this question unequivocally. There are different exchanges, with different commissions, and different bookmakers, differing sharply in their margins. However, averaging, yes exchanges have higher odds. However, in the case of bookmakers who are available on our site, this is not the case. The odds are comparable. Brokers choose bookmakers with the absolute lowest margins on the market, as well as exchanges with the lowest possible commission.
If he just wants to place bets, you can do it both on the stock market and at the bookmaker. The effect is the same. With bookmaker brokers you have access from one account to both bookmakers and bookmaker exchanges. The only thing you should go for is higher odds. Of course, if you want to trade odds you have to choose a betting exchange. Exchanges are a little more complicated than bookmakers, but with us you will surely manage!
Yes, all exchanges offer access to live betting. You can both bet and trade odds. In some cases we can find interesting add-ons to live betting such as a cash-out function, which allows you to withdraw any bet at its value depending on the course/result of the event at the time. Read more in our reviews and articles.
The bet exchange is not a bookmaker, so as a rule I do not offer bonuses for players. Sometimes brokers offer various bonuses and promotions for players, which you can use on the stock exchange (to check the offer, read the review of brokers on our site) However, remember, high odds are the biggest possible bonus for a player, in addition, long-term. No bonus at a recreational bookmaker will cancel out the advantage that high odds give.
Payments on betting exchanges are handled in many different ways. Payment processing is handled by the broker, so the payment methods available from a particular broker will equate to the ability to deposit and withdraw funds. Withdrawals are usually processed in a few minutes. A detailed list of accepted payment methods can be found in each broker’s review, and such methods as bank transfer, bitcoin, skrill and other electronic wallets are available, among others.