Backing and Laying: The primary method punters use to make money on betting exchanges is by backing and laying selections. They can back a selection when they believe it has a good chance of winning, and they can lay a selection when they think it will not win. By carefully analyzing the odds and market trends, punters aim to secure profits by trading their positions at different odds.
Arbing and Matched Betting: Punters may engage in arbitrage betting (arbing) and matched betting to lock in guaranteed profits regardless of the event outcome. Arbing involves placing bets on all possible outcomes of an event at different bookmakers or exchanges, where the combined odds create a guaranteed profit. Matched betting is a similar concept, but it takes advantage of free bets and bonuses offered by bookmakers.
Trading the Odds: Traders on betting exchanges actively monitor market movements and exploit fluctuations in odds. They aim to buy at a low price and sell at a higher price, effectively trading the odds like financial traders. This strategy allows them to profit from changes in market sentiment and information.
In-Play Trading: Punters can trade on events while they are in progress, known as in-play or live trading. This strategy requires quick decision-making and a keen understanding of the sport or event. By analyzing the game as it unfolds, punters can take advantage of rapidly changing odds and make profitable trades.
Scalping: Scalpers aim to profit from small price movements by placing rapid back and lay bets. They take advantage of tiny gaps in the odds, securing small profits on each trade. While individual trades may yield small returns, scalpers rely on volume to accumulate significant profits over time.
Lay the Draw: This strategy is particularly popular in football (soccer) matches. Punters lay the draw before the game starts, aiming for the odds to shorten if a goal is scored during the match. By doing so, they can secure a profit without needing a specific team to win.
Overall, punters use a combination of these strategies, and their success depends on their ability to analyze markets, identify opportunities, and manage risk effectively. It's essential for punters to approach betting exchanges with discipline, research, and responsible bankroll management to increase their chances of making consistent profits over the long term.
Photo: J. Coote