Oct
17
2017

Betting Exchanges for Car Races

Sports betting has recently taken a slightly alternative turn from the traditional betting methods. Its growth has seen the emergence of new methods of betting increasing in favour of the players.

Traditional methods of betting involved the bookmakers who were responsible for using different algorithms and prediction methods to come up with the odds. Today, betting exchanges have arisen to compliment this. In betting exchanges, the players have the option of betting against other players in a tournament.

How it works

You can get a clear explanation of this method here. It is not complicated and is similar to the bets you place with your friends. A good example is coin flipping. This is usually a contest between two people who place a similar amount on the table. The winner of the outcome leaves with all the money.

Car races betting in the exchanges proceed in the same way. You can learn more about this method by clicking here. The rules outlined here are for the European market and might be different in other regions of the world. Car betting exchanges eliminate the need for middlemen and bookmakers. Speculators can directly create their own bets against other players in the field.

Having autonomy and control of the betting game gives the punters better chances of higher rewards. It is a good alternative route for players who have the time and experience of betting. The player does not need to worry about the money the middle-man makes. Instead, you get all the rewards. The only catch for the punter is that they will need to pay the exchange a small amount of commission. Most of the exchanges will demand around 5% of the returns, but this will also depend on the type of exchange. This should be a good stepping stone for the new players in the field.