Asian betting exchanges explained

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As of , Betfair is the top betting exchange in the international market followed by Ladbrokes and 1xBet. They were also previously the sponsor for the English football team Sunderland. Ladbrokes served as the principal sponsor of the Scottish Professional Football League while 1xBet, by far, has the biggest portfolio for such tie-ups. India, for one, has welcomed the operations of betting exchanges. How does a betting exchange work? While betting exchanges offer almost similar opportunities to place bets as opposed to a traditional bookmaker, there are a few differences as well.

In a betting exchange marketplace, gamblers can purchase the odds they think will generate the best outcome or purchase the odds that are expected to lose. To get a better understanding of betting exchange, let us take an example of a cricket match between India and Australia, where you expect India to win.

Instead of placing a bet on India to win, you can simply lay a bet on Australia to lose the match. This bet is matched by another wager in the online marketplace, making it a win-win situation of sorts for all parties. Features of betting exchanges Back betting When the customer places a bet for an outcome to happen, it is known as back betting. Lay betting When the customer places a bet for the outcome to not occur and plays the role of the bookmaker, it is known as lay betting.

In-play betting As the name suggests, in-play betting exchange allows bets to be made in real-time or while in-running. However, when Barca plays Huesca, the difference in quality is obvious. In order to strike a better balance between teams with considerable differences in quality, the industry has come up with the Asian handicap spread.

The bet works with lines that can be full 1 , half-lines 0. According to the Asian handicap chart, these lines can eliminate or bring the drawback into action. Asian Handicap 0. In this case, teams are not handicapped, and you win if you bet on the team that wins the match with any goal margin.

The draw is still eliminated from the equation — if the game ends in one, the bet is void and stake refunded. In case of a draw, half the best is refunded, while the other half loses. Half the stake is settled at the starting price in case of a draw, and the other half is refunded. Losses in both cases automatically result in a loss for the bettor. If you bet on a team with a In case of a draw, all selections lose. Drawing or losing by any margin means you lose your bet.

If the team wins by 1 goal difference, half your stake is settled at the current odds while the other half is refunded. If your pick loses by 1 goal, half of your stake is settled at the current price, while the other half is refunded. If the team draws or loses, your bet loses too.

Asian Handicap 1. If the team has been given a negative goal advantage of 1, it needs to win by 2 goals or more for your bet to win. If it loses or draws, you lose too. If it wins by 1 goal, the stake is void and refunded. If it loses by 2 or more, you lose. If it loses by 1 goal, your bet is void.

In this case, you will get your stake back. The handicap, in this case, is -1 for Barcelona.