To learn how to win betting exchange, you have to first understand what is “betting exchange” actually? If you are contemplating to place bets on the betting exchange then you have to understand the basics terms about betting in a precise manner. Here, I am going to start explaining each and every aspects on betting exchange thoroughly, the word betting exchange clarify two terms with it one is Back (stands for Buy) and Lay (stands for selling).
“Back Bet” can be identify with through the example of betting with your friend on certain situation of match whether he would win or not, such type of betting is referred as backing for a particular team. “Lay Bet” is concept of betting against others’ speculation, which means if your friends predict that the team would win the match you can bet against it through predicting that it is not going to happen.
Let us discuss the both terms in detail below
Learning how to back any team
The betting exchange gives you an option to bet on anything either on team or score of the team. For example, if you have strong desire and perfect calculation about any team that the team would win the match then you can place “back bet” on that team but if you guess that the particular team would not win then you can go ahead for “Lay Betting” options. This is how the strategy of placing bets on exchanges with the possibility of winning and losing of the team.
For example, suppose! You are backing on a “team 1” with $10 at the odds of 10.5 and place your bet on that team; if the outcome of match would be in your favor, you will win an amount of $105 but some percentage of commission fees would be deducted from the above amount. This is how you would get back your laid money on the bet as well as win some extra income too. You can even change the amounts of bets by clicking on the options button given in the odd boxes.
In reverse, if your speculation on the match went wrong then your bet would be in the risk but if the match would regain its track then there would be changes for improvement of betting exchange and it would improve the rate of “back bet”.
Backing within a limit
If someone bet on an odd of 2.5 at “team 1” to win over the “team 2” of £500 and if your calculations say that the “team 2” would win then you can start backing on “team 2”. In this situation, you just have to simply click on the link and enter the price and wait for the match is to be the end. If the outcome would be in your favor then you have to pay some commission i.e. 5% amount to the betting exchange website.
Learn how to lay bet on any team
Laying the bet means placing a bet against something for which you have a guess not going to happen. For example, if your friend says that the match would end up in a draw then you can bet against the draw saying that it is not going to happen. Such type of betting is known as laying the bet on any selection that may be team or outcome of the match. Suppose your friend would win the match that means your money is in risk and you can spend small amount through placing “Lay bets”. Placing the lay bets on the small amount is a good option that could be 13.5 and with each win you may have the risk of losing $120 approximately.
Tips for betting exchanges on Cricket Test Match
Logically and deeply understand about the betting odds and betting exchanges for cricket. Analyze, more amount linked with the game and more benefits will add into your account in the end if you would win.
If have just begun placing bets on the betting exchanges then it is better to consider the most wontedly betted market in the cricket i.e. the “runs” market.
At the beginning of any match, the sports bookmakers will establish a market on the expected runs in each inning. For example, in the upcoming test match between South Africa and India, if Indian team would win the toss and choose for batting first then you can pick some batsmen and quote a total of 320-335 for India. After that If you think that India would score more than 335 then buy points at that speculation for per run and if you believe that they might score less than 320 runs then sell the figure per run.
Note one thing that the market for ‘run’ is unpredictable and anything could happen in the end. So, if you think you could lose then never give up because it would never take the time to change the situation of matches.
If the team on which you are backing would give a kick-start at the beginning of match then the quote would rise and you could be able to close bet anytime. For example, if you had bought points at 335 and India would make 60 runs without losing any wicket at the initial stage of over the opening quote would rise up to 365-380.
Now, if you had bought points at 335 and the runs might go up to the 365 then you can sell your points for 30 times and add some profit each time.
As the run market is unstable in gambling so various opportunities could be pop up from anywhere and anytime. You should never give up betting on the runs and losing hope of winning the bets.
There are various tips and strategies are suggested in above content and all of them were very useful just keep each and everything in mind and start following the rules to win more and lose less.