Gambling.Now!

Over the last few years we have seen a massive explosion in the number of betting exchanges, an industry which seems to be constantly growing.

It is at such a level that it has actually had an effect on the business of the traditional bookmakers,  who are now desperate to protect their own business.  Despite a number of tax changes to try and “level the playing field” it appears that many gamblers are still moving their business to the betting exchanges.

What are the benefits of betting exchanges?

The main benefits of betting exchanges are the improved odds for customers, and the transparency which is available for each and every betting exchange market.  It is now simple to see at a glance any changes in the market, and monitor these real time on the internet.  This has offered the astute and alert gambler the chance to try and “piggy back” trends as and when they happen – with many making a lucrative living from this!

The volume of business on these betting exchanges has grown dramatically over the last couple of years and there are rumours than the traditional bookmakers are using these instruments to actually hedge off their own positions – a suggestion refuted by the industry. 

Are their any negative aspects about betting exchanges?

Unfortunately betting exchanges have opened up a whole new market to the public, betting AGAINST horses – i.e. laying off bets.  While this is a legitimate market, there have been recent instances of organised gangs using this method to bet on “fixed” events, with many earning millions of pounds in the process. 

There have been a number of suspensions, court actions and investigations and the betting exchanges have now agreed to flag any “suspicious” activity, and also pass over the details of these accounts as and when the authorities require them.

All in all betting exchanges are set to grow and grow over the coming years, although the traditional bookmakers are sure to continue their constant battle to protect their own markets.  Who is your money on?