Savvy Non Gamstop Punters Using Betting Exchanges

You are probably well versed with placing sports related bets and wagers, if you have been doing so for any length of time, but if you are part of the Gamstop scheme then you will no longer be able to place any type of bet at UK based and licensed bookies sites, for that scheme is a UK betting industry wide self-exclusion scheme that has helped many punters kick their gambling habit.

However, for the many people that have signed up to Gamstop but have always regretted doing so, never forget that being only a UK wide scheme, if you do want to bet again online all you will be required to do to be able to do so once again is simply register at a UK punter friendly non Gamstop betting site, but one located overseas.

As mentioned in onlinecasinoukhelper.com , What you may be looking for is a non Gamstop betting exchange, for the savviest punters these days know that by using a betting exchange they are much more likely to be given access to some much higher odds on any sporting event.

But if you have never used those peer to peer betting platforms before, then read on for you are also going to be able to use a betting exchange to take bets off other sports bettors and for all intents and purposes before a bookmaker yourself via those types of betting platforms.

Laying Bets at Betting Exchanges

Many people do like the fact that as soon as they have signed up to a betting exchange, they are then going to be able to lay bets meaning that they for all intents and purposes become a bookie themselves.

Keep in mind though that the odds you can offer on any sporting event must be appealing to other punters for the highest odds being offered by any betting exchange layer that are highest will also be the ones first offered to punters wishing to place a bet on whichever sporting event those odds are being offered on.

You will of course also need to decide what liabilities you wish to have in place on any bets you wish to lay, that being the maximum amount of cash you are prepared to payout if a punters places a bet with you at the odds you are offering.

To ensure the betting exchange works and operates seamlessly if you do decide to offer odds and become a layer then your liability for each set of odds you odds will be removed from your betting account once another user or users of a betting exchange places a bet with you.

Those funds are then held until the sporting event is over and will either be return to you along with the stake from the punter who placed a bet with you if their bet loses or they are used to pay out the punter if their bet turns out to be a winning one.

Placing a Bet at a Betting Exchange

You are of course still going to be able to place any bet that you fancy placing more or less in a standard way when you are using a betting exchange, and one of the main benefits of choosing to do so is that you can often secure some much higher odds that any bookie is offering on most sporting events.

You just need to log into your betting exchange account and then look up the sporting event you wish to place a bet on and then you will be presented on each individual betting market for that sporting event with the possible outcomes odds are being offered on and you can secure those odds instantly.

However, if you are not impressed with the odds you can see currently being offered on any of the possible outcomes of that sporting event then you can instead of accepting the odds you see input the odds that you would like to be offered and the stake you wish to place.

Those odds you are after and the stake will then be entered into that betting market and any user of that betting site that wishes to offer you those odds will then be able to lay your bet for you, so keep that in mind as you are always able to ask for any odds you feel you are prepared to accept.