The orbit betting exchange market system lets bettors set their own odds, back and lay bets and change their bets during an event. Understanding what a market is in betting, what to look for when choosing between markets and how betting exchange markets work will help bettors make the most of their options and increase their potential of winning as much as they can.
What is a Market in Betting?
In sports betting, a market is a specific type of bet that bettors can place on a sports event. A market can be as simple as betting on which team will win a match or as complex as predicting the exact score. Every betting platform, including Orbit Exchange, offers different markets for users to choose from.
What is an Orbit Betting Exchange Market?
A betting exchange market is a type of bet that can be placed in a betting exchange where bettors can trade bets with other bettors instead of betting against a bookmaker. An Orbit betting exchange market is a type of bet that can be placed in the Orbit Exchange betting platform.
These markets allow bettors to either back or lay a bet. They can either bet on something to happen or bet against it. Betting exchange markets are more dynamic because the odds change more quickly as they depend on the use activity.
How Do Betting Exchange Markets Differ from Bookmaker Markets?
There are some key differences between betting exchange and bookmaker markets. In a bookmaker market the bookmaker sets the odds. In a betting exchange market, bettors set their own odds by matching bets against one another.
Traditional bookmakers use different betting style than betting exchanges. Traditional bookmakers only allow bettors to place back bets. Betting exchanges allow them to place both back and lay bets.
Another key difference lies in margin vs commission, meaning in the way they make their money. Bookmakers make money by setting lower odds and taking a small profit from each bet regardless the outcome. In betting exchanges there is no margin in the odds. Betting exchanges only take a small commission fee from winning bets.
Markets Not Found in Bookmakers
Lay betting
Bookmakers do not allow bettors to bet against something to happen. Only betting exchanges let them do this.
Difference in some strategies
Bookmakers are not tolerant in letting bettors place bets on all possible outcomes of an event to make sure they win. In betting exchanges, arbitrage betting is more possible.
In betting exchanges, bettors can change or close their bet before the event ends. Some bookmakers don’t offer this option, while others allow trading bets but in a different way.
Betting exchanges allow live betting with changing odds. The odds can change very quickly during an event. Bookmakers don’t do this in the same way.
Markets Not Found in Betting Exchanges
Accumulator bets
Bookmakers let bettors combine several bets into one big bet. This is called accumulator or parlay bet, and betting exchanges don’t usually offer this option.
Special offers
sometimes, bookmakers offer better odds as special offers, while betting exchanges do not have such offers, as the odds are determined by the bettors themselves.
Special bets
Bookmakers often offer special markets, like betting on player performance or specific events, while betting exchanges do not usually offer such markets.
Orbit Betting Exchange Market Types
Orbit Exchange offers many types of betting markets for all kinds of bettors. Some of the most popular are:
Match Odds
It is the simplest and most common market where bettors need to bet on the winner of an event, whether it be a team, a player, a horse etc.
Over/Under
In this type of market, bettors need to bet on whether the total goals, points or runs will be over or under a certain number.
Handicaps
In this market, one team or player or horse etc is given a virtual advantage before the event starts and the other is given a virtual disadvantage in order to balance the odds, make the event more even and eliminate the possibility of a draw.
Correct Score
In this betting market, bettors need to predict what the exact final score of a match will be.
Half Time / Full Time
In this betting market, bettors need to bet on the result at both half time and full time.
Both Teams to Score
In this betting market, bettors need to bet on whether both teams will score in the game.
First Goal Scorer
In this betting market, bettors need to bet on which player they think will be the one scoring the first goal.
What to Look for in an Orbit Betting Exchange Market?
When choosing an Orbit betting exchange market, bettors should consider first of all the liquidity factor. High liquidity means there are a lot of bettors placing bets and enough bets placed to find an easy bet match.
Another important thing is the odds movement. Watching how odds change can help bettors find the best time to place a bet with the best value. Market depth is also very important. Markets with more bettors offer better opportunities and bigger chances of matching bets.
Last but not least, the commission rates charged on winning bets. Small commissions mean that bettors will have to give a small percentage of their profit.
In Short
Betting exchange markets offer a wide range of bet types that bettors can explore and use. Unlike traditional bookmakers, an orbit betting exchange market lets bettor set their own odds, bet against an outcome and pay low commission only on winning bets. Knowing how to take advantage of each market, bettors can make the most of betting exchanges and win more money.