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!

Welcome Offers

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:

2% Commission

Visit Offer

*Must sign up via this welcome offer page  to be eligible for this 0% commission
*Up to £50 commission refunded back to you as cash
*Refunded every Wednesday
*For your first 30 days since registration

£10 Refund

Visit Offer

Step 1: Choose Your Team and Deposit £10

Step 2: Find your chosen team's next Premier League Match & Check you haven't bet on it

Step 3: Back £10 On Smarkets

Step 4: Calculate the lay stake

Step 5: Lay your bet

Step 6: Repeat for the next 4 Premier League fixtures

0% Commission

Visit Offer

Sign up as a new customer to Matchbook via Team Profit to receive 0% commission!

See this guide for full details.

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.

Is Betfair's 5% commission justified?

Some Matched Bettors will mainly use Smarkets as their exchange because their 2% commission is low in comparison to Betfair, however Betfair has some benefits that means it is still well worth having a balance in Betfair. These are:

  • Very user friendly design

  • Best stability

  • Additional markets

Check out the below sections for details on each of these areas.

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)

  • Correct score

  • Asian Handicap (used for price boosts 'to win by 2 or more')

Appearance Compared

Most matched betters prefer the larger layouts of Betfair and Smarkets:

Betfair's layout is very clean with their choice of font and colours. It's very easy for beginners:

Smarkets layout is slightly larger for each market which makes it very easy to follow.

The only downside is there isn't really a need to display the % and the last traded odds (the far left numbers) as these are used moreso by recreational customers and traders. Also it is a little confusing initially, as the lay odds are in blue on Smarkets:

Matchbook's layout is a bit on the small side compared to Betfair and Smarkets which does result in the occasionally leaning towards the screen!

Other than this, it's a fairly straightforward layout:

Stability Compared

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:

Got Questions?

There are 3 easy ways to get help:

Facebook Group - ask over 30,000 fellow matched bettors (including the Team!) any questions you may have. [Join The Group]

[email protected] - We aim to respond to all emails within 24 hours

Live Chat - Chat with one of us any time we're online. See the chat module at the bottom right of site.