What is Betfair Exchange?
Betfair Exchange is the most reputable betting exchange in the world. It allows players to bet against each other with the peer-to-peer system. With this model it gives the option of “backing”, which is betting on something to happen, and “laying”, which is betting on something not to happen. When a bet gets both backed and layed, and the players agree on the odds, then it is considered a matched bet.
This was a revolution in the betting world because it offers a more efficient marketplace with better odds. In betting exchanges there is no more need for the margin that fixed-odds bookmakers include into their prices. The players, instead, pay a commission on their winnings.
Betfair is the leader in the betting exchange world because it provides the largest market coverage and the highest liquidity. But in the course of years various factors, such as the high commission rate, the premium charges imposed to long term winners and the geographical limitations in a list of countries, led to the creation of betfair alternative exchanges for those seeking to explore their options further and for those needing access due to geographical restrictions.
What is Orbit Exchange Betfair Alternative?
Orbit Exchange is the most reputable Betfair Alternative exchange. It was launched in 2017 under the “Powered by Betfair” label. A powered by Betfair exchange uses the same technology as Betfair and offers the same markets, odds, and liquidity.
Betfair charges other companies to use their technology and betting system and this way they earn more money, they can reach out to players that cannot access Betfair directly due to geographical restrictions, and they spread their good reputation throughout the world. More importantly, instead of giving room to competition, it creates a net of partners that together can build new ideas and ways to improve, making the whole betting world better for everyone involved.
What Do They Offer
Accessibility
Betfair offers direct signup and access and it allows bettors to manage their accounts and bets independently through the Betfair platform.
Orbit Exchange requires access through a betting broker who acts as an intermediary between bettors and the platform. Bettors need to register with a broker and they will handle their account, they will offer login details and they will provide customer support for all issues that might come up.
Commission
Betfair has higher commission rates that wave between 5%-7% depending on the region. This means that this rate if going towards Betfair as their fee from the winnings.
Orbit Exchange usually offers lower commission rates, but these are determined by the broker that is offering the platform. Lower commissions can lead to higher overall profits for bettors.
Markets
Betfair has one of the largest selections of markets across many sports and events. This offers bettors vast choices and it allows them to also explore niche sports and specific outcomes within popular events.
Orbit Exchange follows Betfair’s footsteps and high standards and it offers a very good selection of sports markets that are very similar to Betfair. Depending on the sport or event, there might be slightly fewer options available. Nevertheless, most sports and events are very well covered. Orbit Exchange offers also exchange games, where bettors can place back or lay bets on popular games such as BlackJack. It offers also a live casino section with plenty of betting options.
User Interface
Betfair has created a very strong and user friendly interface with a very clean cut layout. It was designed for new and experienced bettors alike. The platform can uses advanced technology and it can handle large volumes of transactions smoothly and efficiently and it offers advanced betting tools.
Orbit Exchange offers very similar user experience. It focuses on a user-friendly interface with a clean layout that is very easy to understand and navigate. Beginners who are new to using a betting exchange platform will be guided through it very easily. Experienced players will be very satisfied with the similar Betfair functions. It offers advanced features such as in-play betting and cash out option. Orbit Exchange uses Betfair’s technology and it does frequent maintenance and it also can handle large volume of transactions efficiently. In cases of extreme traffic, it might be running a bit slow especially on mobile devices.
Liquidity
Betfair is widely known for its high liquidity across the majority of its markets. This means that there is always a substantial amount of money available for betting. This allows users to place bets of varying sizes and find matches without difficulty. High liquidity not only makes sure that bettors will get their bets matched quickly, but they will also get them matched at their desired odds.
Orbit Exchange has sufficient liquidity in most markets, though it does not always match the very high liquidity levels found on Betfair. While there are enough funds for most events, some niche markets might have lower liquidity.
Customer Support
Betfair users can access Betfair’s customer support directly via various channels. All issues that might come up are handled by the Betfair customer support agents. Users can resolve their issues faster and they can address the exchange provider.
Orbit Exchange does not offer a customer support service. All issues are handled by the betting brokers via whom the users are registered with. Depending on the broker, users can address them through various communications channels at certain hours. As brokers have nothing to do with the development of the platform and its operation system, they are not responsible for any issues that might be related with the bets shettlement. They can only assist in topics related with the account management.
Which One is Better?
In our opinion, it is not a matter of which is better. Each platform offers distinct advantages that can cover different needs and preferences within the betting community. Depending on the commission rate they can afford to pay, the range of markets they want to bet on, the features and tools they need to use to apply their betting strategies, bettors can decide between the two. If lower commission rates and advanced features are crucial for a bettor, then Orbit Exchange might be more appealing. If high liquidity and well-established reputation are priority for another, Betfair might be the better option.
In Short
Both Orbit Exchange and Betfair offer distinct advantages depending on the specific needs as a bettor. Understanding these differences can help bettors choose the platform that best suits their betting style. Orbit Exchange is a great Betfair Alternative choice for those looking for a similar Betfair experience.