It will be a betting exchange that you will be accessing if you choose to sign up to any of the Betdaq sister sites, and they offer a brand new way of placing and laying bets and one that many punters have very quickly embraced too.
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The way in which those betting exchanges work is that you are basically betting against other punters, rather than a bookmaker, and what you will often therefore find is that the odds that will be offered to you on any sporting events will be higher than the odds a standard bookie will be offering you.
If, rather than placing a bet you wish to lay a bet, you will first be required to work out on just what outcome of any sporting event you want to offer your own set of odds on, then you will need to work out you liabilities on such a bet and then simply enter your odds onto the respective betting market.
If other punters like your odds they will place their bets with you, and if their bet wins you pay them out their winnings but if those bets lose then you get to keep their stakes. Those betting exchanges make their money by charging the winning customer a small commission fees on all winning bets placed, not on losing bets though!
Learn How to Lay Bets
You should never rush to start laying bets on any of the betting exchanges that are on offer at sites like Betdaq, for to be perfectly honest there is something of a very fine art in being able to master how to do just that!
What you will find though at each of those sites are a range of very informative step by step guides that will enable to you to get your head around fully how betting exchanges work and operate, so please do spend as much time as you can do mastering how to lay bets and also place them too on any betting exchanges.
There is a commission to pay too when placing and laying winning bets, and I am happy to report that whilst some betting exchanges do sadly tend to charge some very high commissions fees, those sister sites to Betdaq have some of the lowest fees and charges of any betting exchanges.
There will also be opportunities for you to hedge bets on a betting exchange, and many savvy punters have mastered the art of placing bets on both sides of a betting opportunity, in such a way that they can guarantee a winning profit no matter what the outcome on a sporting event!
Place a Bet Whenever You Like
As you may never have used a betting exchange before, like those that are available at the Betdaq sister sites, you will possibly have plenty of questions about doing so.
Firstly be aware that they offer a web browser based betting platform so you are not required or ever forced to have to download any software to access those betting exchanges, and they also offer them via a mobile app too.
Making a deposit into those betting exchanges will also be a fast and completely hassle free process too, as you can pick from many different payment options as they will all be processed and added to your betting account in real time.
You can of course place bets in the standard way and are never forced or required to have to lay bets, but just remember there is a commission fee to place on all winning best you do place, however the higher than average odds on offer will make up for that small service charge!