Betting Exchanges Compared
There are 3 reputable betting exchanges you can use for matched betting.
Whilst completing the earlier Welcome Offers it is best to stick to one exchange (most likely Betfair if you have started with them) as this means your exchange balance keeps growing, rather than spreading it too thinly across different exchanges.
However, you may have heard about other exchanges and may be wondering what is the difference between them. So in this guide, you will learn the pros and cons of each exchange and most important, which exchange(s) will help you make the most profit!
Firstly to mention, it's best to take advantage of the Welcome Offers available for each exchange. Currently, Smarkets gives you a £10 bonus whilst the other 3 of the exchanges give you 0% commission offer:
Standard Commission Rates Compared
Low commission rates are very helpful to maximising matched betting profits.
For example, if you place a £1,000 worth of lay bets in a month, every 1% commission less means you save £5 in commission paid.
Given once you move on to Reload Offers you can make place up to £10k in lay bets every month this represents a very significant saving.
Additional Markets Compared
All 4 exchanges have plenty of liquidity (the amount money being traded) on the main Match Outcome market, so you won't have any problem getting close lay odds on this market.
However, for some of the smaller markets, only Betfair and occasionally Smarkets will have high enough liquidity to ensure there is sufficiently good lay odds.
Such smaller markets that are often used by matched betters typically for price boosts or free bets include:
Goalscorer markets (First, Anytime, To Score 2)
Asian Handicap (used for price boosts 'to win by 2 or more')
Most matched betters prefer the larger layouts of Betfair and Smarkets:
Being able to place your lay bet without fail is critically important - nobody wants to place a back bet if you can't place your lay bet!
Fortunately all 4 exchanges are very reliable for 99% of the time. The only issues can occur during the absolute peak times during the year, for example during the Grand National and opening day of the Premier League.
Betfair is the most reliable during the absolute peak time so I would recommend using them for the biggest events.
For example, whilst Smarkets has made very significant improvements over the past 1-2 years, matched betters were unable to place lay bet minutes before one of the biggest Ascot 2018 races, causing some panic!
Betfair vs Smarkets
Given the above comparison, you can understand why the two leading exchanges are Betfair (for their additional markets, appearance and stability) and Smarkets (low commission rate and appearance).
For more details on the pros and cons of each, please check out Team Profit Tom's video:
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