The Best Betting Exchange Sites

Betting exchanges have become hugely popular in recent years, offering punters a viable alternative to wagering with traditional bookmakers.

They allow you to go head-to-head with other bettors, bringing an added level of excitement to your wagering activities.

Before we explain how betting exchanges work, let’s look at some of the companies who offer the best all-round experience. 

#
Betting Site
Promotion
Bet Now
1
Rhino Bet Review
Exclusive Bonus
Rhino Bet
5.0
BET £30 GET £5
This promotion is for new customers only.Customers must be 18+.Customers must be residents of the UK/IE. Sign Up using the promo code ‘b30g5' and make a minimum deposit of £30.
2
10bet UK
10bet
4.9
50% up to £50 Welcome Bonus

New bettors; Code PLAY10; Wager deposit & bonus 8x; Max qualifying bet stake=initial bonus; Valid 60 days; Min odds, bet and payment method exclusions apply; T&C apply; 18+

3
Planet Sport Bet
Planet Sport Bet
4.9
50% UP TO £25 MONEY BACK AS A FREE BET IF YOUR FIRST BET LOSES

Applies to new UK/IE customers who sign up via approved partner sites with promo code PSB50. Place your first bet at odds of Evens (2.0) or greater and if it loses, get a free bet equivalent to 50% of your first bet stake, to a maximum value of £25. 18+ BeGambleAware.org. Full T&Cs apply.

4
Fafabet
Fafabet
4.9
2024 New Welcome Offer Up to £50 Free Bet + £20 Casino Bonus

New customer only, Get a Free Bet up to £50 base on 50% of your first days losses plus £20 Casino Bonus! UK 18+ T&C's Apply.

5
Bzeebet
Bzeebet
4.9
Bet 20 get 20 free bets

18+. New Customers Only. Max one £20 Free Bet. Qualifying bets at Odds of 1/1(2.00) or greater. Paid as Bonus Token with Min 4/5(180) Odds Req. Skrill, Neteller & Paypal not eligible. BeGambleAware.org. T&Cs Apply

6
Fitzdares UK
New
Fitzdares
4.9
Place your first sports bet of £50 or more and get £25 in Free Bets, plus 10 spins.

New customers only, 18+. Min deposit £10. Place a £50 bet on any sport at 2.0+ to qualify for £25 in free bets and 10 Free Spins. Free Bets and Spins valid 7 days. £0.10 Free Spins. T&Cs apply. BeGambleAware.org.

7
Vegas Mobile Casino
Vegas Mobile Casino
4.8
BET £ 20 GET £ 30 FREE BETS

New Players Only. Min £20 qualifying bets stake not returned. Free bet - one-time stake of £30, min odds 1.5, stake not returned. 1X wager the winnings. Wager from real balance first. Wager calculated on bonus bets only. Max conversion: £200. Valid for 7 Days from issue. Withdrawal requests void all active/pending bonuses. Excluded Skrill and Neteller deposits. Full Terms Apply.

8
JeffBet
JeffBet
4.8
Bet £10 & Get £30 Free Bets

New Players Only. Min £10 qualifying bets, stake not returned. Free bet - one-time stake of £30, min odds 1.5, stake not returned. 1X wager the winnings. Wager from real balance first. Wager calculated on bonus bets only. Max conversion: £200. Valid for 7 Days from issue. Withdrawal requests voids all active/pending bonuses. Excluded Skrill deposits. Full Terms apply.

9
Betzone Review
Betzone
4.8
50% Back As Free Bets Up To £60

18+ | New Customer Only – Promo Code: NEWWELCOME60 required | 50% back on net LOSSES over your first 3 calendar days | requires min 3 x£10 qualifying bets in same 3 days| Min return £l free bet | T&Cs apply | UK residents using debit card | Please gamble responsibly

10
Luckster Review
Luckster Sport
4.8
BET £10 GET £10
New Customers Only. Max one £10 Free bet. Qualifying bets must be placed at odds of 1/1 or greater. Paid as bonus token with min 4/5 odds req. Skrill, Neteller & PayPal not eligible. T&Cs Apply. 18+ begambleaware.org | gamstop.co.uk | Play Responsibly
11
Vegasland Casino
CASINO OFFER
Vegasland Casino
4.7
WELCOME PACKAGE 100 SPINS + UP TO £200 BONUS

New depositing players only. Min.1st deposit £10. Min. 2nd and 3rd deposits £20. Max. bonus varies per deposit (see below). Bonuses are issued as follows: *first deposit is 50% bonus up to £50 + 20 Spins on Starburst; *second one is 50 % Bonus up to £75 + 40 on Book of Dead; *third deposit brings 50 % Bonus up to £75 + 40 on Legacy of Dead. Bonuses that require deposit, have to be wagered 35x. This offer is available to players residing in United Kingdom only.

12
All British Sports
New
All British Sports
4.7
10% CASHBACK ALWAYS!
Welcome bonus for new players only | Maximum bonus is 100% up to £100 | Min. deposit is £20 | No max cash out | Wagering is 35x bonus | Maximum bet with an active bonus is £5 | Eligibility is restricted for suspected abuse | Cashback is cash with no restrictions | Skrill & Neteller deposits excluded | Cashback applies to deposits where no bonus is included | T&C's apply
13
Midnite Bet
Midnite
4.7
Bet £10 and Get £20 + 50 Free Spins

18+ New UK customers. Bet £10 on accas with 4+ legs, min odds 3/1 (4.0). Get 4x £5 Free Bets and 50 Free Spins, valid for 7 days on selected bets and games only. T&Cs apply. BeGambleAware.org

14
Heyspin UK
Heyspin
4.7
BET £15 GET £10 FREE BET
New Players only. Max. Free Bet Token amount: £10.Minimum Deposit: £15. Minimum wagering on Sport to activate the Free Bet Token: £15
15
Zetbet UK
Zetbet Sport
4.7
BET £10 GET £10
18+, Welcome Bonus: New Players only, 1st Deposit, Min Deposit: £10, max £10 bonus, valid for 14 days, bets must be placed at odds of 1/1 or greater and be settled within 14 days of placement. System bets no eligible.
16
Betgoodwin UK
Betgoodwin
4.6
50% Back Up To £50 Free Bet

50% of first day losses refunded as a free bet. To be credited within 24 hours. Max free bet per customer £50. Minimum of 3 bets of £10 or more on separate events at odds of evens (2.0) or bigger to qualify.

17
StarSports
Horse Racing Offer
StarSports
4.6
Full Stake Back as a Free Bet
Get 50% of your stake back as a free bet on all ITV races if your horse finishes second.
18
Mr Play Sport
Hot
Mr. Play Sport
4.5
BET £10 GET £10
18+, Welcome Bonus: New Players only, 1st Deposit, Min Deposit: £10, max £15 bonus, valid for 14 days, bets must be placed at odds of 1/1 or greater and be settled within 14 days of placement. System bets no eligible.
19
Virgin Bet UK
Virgin Bet
4.5
BET £10 GET £20 IN FREE BETS
New members. £10 min deposit & bet on sportsbook, placed & settled at 1.5 min odds within 14 days of sign-up. Win part of each-way bets only. 2 non-withdrawable £10 Free Bet Tokens: accept in 7 days, valid for 7 days from acceptance (ex. each-way & multiple bets), stakes not returned. Click here for full T&Cs. Bet Responsibly. BeGambleAware.org. 18+, T&Cs Apply.
20
AK BETS
AK Bets
4.5
New UK bookmaker
21
Livescore Bet UK
Livescore Bet
4.5
BET £10 GET £20 IN FREE BETS
*New members. £10 min deposit & bet on sportsbook, placed & settled at 1.5 min odds within 14 days of sign-up. Win part of E/W bets. 2 non-withdrawable £10 Free Bet Tokens: accept in 7 days, valid for 7 days from crediting (ex. E/Ws & Multiples), stakes not returned. Click here for Rules & Exclusions. Bet Responsibly. BeGambleAware.org. 18+, T&Cs Apply.
22
Bettarget Review
BetTarget
4.5
BET £15 GET £10
18+, New customers only. Min wagering on sport £10. Max one £20 free bet. Qualifying bets must be placed at odds of 1/1 or greater. Paid as bonus token with min 4/5 odds req. Selected payment methods only. Bet expires after 14 days of being credited. Click to see full T&Cs
23
Highbet Review
New
Highbet
4.4
BET £10 GET £15
New customers only. Max one free £15 bet. Qualifying bets must be placed at odds of 1/1 (2.0) or greater. Paid as bonus token with min 4/5 (1.80) odds req. Skrill, Neteller & PayPal not eligible. T&Cs apply. 18+
24
Sportingbet UK
Sportingbet
4.4
Up to £50 in Free Bets + 20 Free Spins and £10 Casino Bonus
18+. Complete 4 Welcome Challenges. Get up to £50 in free bets, 20 free spins (available on Starburst only), an OddsBoost token and a £10 Casino Bonus (10x Wagering reqs). Rewards valid for a limited time only. T&Cs apply.
25
Coral Bet
Hot
Coral Bet
4.4
Get a £20 Free when you Bet £5

Place a bet of £5 within 14 days of account reg at Coral and claim £20 worth of free bets (4x £5 tokens). Minimum odds of 1/2, free bets are valid for 7 days, with stakes not being returned. PayPal and some other payment methods are excluded.

26
MagicRed Casino
CASINO OFFER
MagicRed
4.4
100% Welcome Bonus up to £25 + 25 Spins
New Players Only. 18+. Min deposit £20. Wagering Requirement apply 50x. Offer valid for 24h. Terms and Conditions Apply.
27
PlayFrank Casino
CASINO OFFER
PlayFrank
4.4
100% Bonus up to £100 + 50 Bonus Spins
18+. New players only. Min deposit £20. bonuses to a max of £100 + 50 bonus spins. Wagering bonus 35x. Wagering bonus spins 35x. The winnings must be wagered within 21 days. Max Bonus Bet is £4. BeGambleAware.org. Bonus T&C apply.
28
The Online Casino
The Online Casino
4.3
Bet £20 and Get £40 Free Bet

New Players Only. Min £ 20 qualifying bets stake not returned. Free bet - one-time stake of £ 40, min odds 1.5, stake not returned. 1X wager the winnings. Wager from real balance first. Wager calculated on bonus bets only. Max conversion: £200. Valid for 7 Days from issue. Withdrawal requests void all active/pending bonuses. Excluded Skrill and Neteller deposits. Full Terms apply.

29
BetVictor UK
BetVictor
4.3
Bet £10 get £40

18+ New customers only. Opt in, bet £5 at odds 2.00+ within 7 days of registering, no cashout. Get 2x £10 Free Bets, set events at odds 2.00+. Plus a £10 Slot Bonus, selected games, wager 20x to withdraw max £250. 7 day bonus expiry. Card payments only. T&Cs apply, see below. begambleaware.org | Please gamble responsibly

30
Bwin UK
Hot
Bwin
4.0
Get £20 Back-Up Bet

18+ | New UK players only | Min deposit req. £10 | Certain deposit methods excluded | Place 1 sport bet (3+ selections) | Excl Horse Racing | Min stake £10 | Max stake £20 | Min Odds 2/1 (3.0) | Max FreeBet £20 for football only | FreeBet valid for 7 days | FreeBet stake not returned | T&Cs apply

31
Spin and Win Casino
CASINO OFFER
Spin and Win
4.0
100% Up to £250 bonus + 100 Free Spins

Minimum 1st dep (Exc PayPal) of £10 to get £100% up to £250 on selected match slots & 100 Free Spins (FS) on Blueprint slots at 0.20P. Deposit Bonus Playable on selected Slots. 40x wagering requirement (Dep + Bonus) & MCR x5 for Bonus. FS and FS winnings are playable on Blueprint slots only, FS: 50xWR & Max win £50. 18+. Full T&C apply.

32
Monster Casino
Monster Casino
4.0
Deposit & Bet £10 Get £30 Free Bet
New Players Only. Free bet - one-time stake of £10, min odds 1.5, stake not returned. 1X wager the winnings. Wager from real balance first. Wager calculated on bonus bets only. Max conversion: £200. Valid for 7 Days from issue. Withdrawal requests voids all active/pending bonuses. Excluded Skrill deposits. Full Terms Apply Full Terms Apply.
33
Boylesports UK
Hot
Boylesports
3.6
BET £10 GET £20 IN FREE BETS
New UK customers (Excluding NI) only. Mobile exclusive. Min stake £10. Min odds Evs. Free bet applied on 1st settlement of any qualifying bet. 30 days to qualify. Free bets expire in 7 days. Cashed out/Free Bets won’t apply. Payment method restrictions. 1 Free Bet offer per customer, household & IP Address only. 18+. T&Cs apply
34
BritainBet UK
BritainBet
3.6
Bet £25 Get £50 Free Bet

New Players Only. Min £ 25 qualifying bets stake not returned. Free bet - one-time stake of £ 50, min odds 1.5, stake not returned. 1X wager the winnings. Wager from real balance first. Wager calculated on bonus bets only. Max conversion: £200. Valid for 7 Days from issue. Withdrawal requests void all active/pending bonuses. Excluded Skrill and Neteller deposits. Full Terms apply.

35
FUN Casino
CASINO OFFER
Fun Casino
3.6
100% Welcome Bonus up to £123
New players only, Maximum bonus is £123, Max bet with bonus is £5, No max cash out, Wagering is 50x - Skrill & Neteller excluded, Eligibility is restricted for suspected abuse, Cashback is cash, so no wagering, Cashback applies to deposit where no bonus is included. Full T&C’s apply
36
LeoVegas UK
LeoVegas
3.5
100% profit boost of up to £100
Full T&Cs apply. New reg only. Claim by placing a min deposit £10 via "My Offers" page within 30 days. Skrill/Neteller deposits excl. 7 days to stake max £10 in-play. Max. extra winnings £100. 18+ BeGambleAware.org.
37
Quinnbet UK
QuinnBet
3.5
Get 50% Back as a Free Bet up to £35 Plus 10 Free Spins!

We’ve enhanced our UK Sportsbook Welcome Offer. Get 50% Back as a Free Bet up to £35 (normally £25) plus 10 Free Spins! A minimum of 3 bets at odds of evens (2.00) or greater is required to qualify for the max free bet, which is based on 50% back of first day losses. Even if your account is up, a single £10 Bet at the minimum odds, secures a £5 Free Bet & 10 Free Spins. UK 18+T&C’s

38
Slotnite Casino
CASINO OFFER
Slotnite Casino
3.5
100% up to £100 + 100 bonus spins
18+ New players only. One offer per player. Min Dep £10. Max bonus bet £5. 1st Dep offer is 100% up to £250 100 Bonus spins on Aloha Cluster Pays. Spins expire after 10 days, funds after 30 days. Bonus funds separate to Cash. Wager Req of 35x Deposit Bonus apply. BeGambleAware.org.
39
Luckland
Luckland
3.5
BET £10 GET £20

NEW CUSTOMERS ONLY. MAX ONE £20 FREE BET. MINIMUM DEPOSIT £10. QUALIFYING BETS MUST BE PLACED AT ODDS OF 1/1 OR GREATER ON A SINGLE OR COMBO BET. PAID AS BONUS TOKEN VALID FOR A BET PLACED USING THE BET BUILDER FEATURE, WITH MIN 4/5 ODDS REQ - VALID FOR 14 DAYS. SKRILL, NETELLER & PAYPAL NOT ELIGIBLE. T&C APPLY, 18+

40
Spreadex Betting
Spreadex
3.5
GET £50 IN BET BONUSES
Join and place a £10 fixed odds bet at odds of 1/2 or greater. Once the bet is settled, get a £10 free fixed odds bet plus a £5 free Total Goals football spread bet. The second £10 free fixed odds bet and second £5 free Total Goals football spread bet will be credited 24 hours later. Free bet stakes not included in any winnings from the free fixed odds bets. You need to open a full sports spread betting account to use the 2 x £5 free Total Goals football spread bets. Free bets expire in 28 days if unused. Promotions available to 18+ aged individuals who are registered customers of Spreadex.
41
SBK Betting
SBK
3.5
Bet £10, Get £30 in Free Bets

New UK customers only. Min £10 first deposit. Place a bet of £10 at min odds of 1.5 and get £10 upon settlement. Further £10 in Horse Racing Multiple tokens will be credited after 24 hours and a further £5 Horse Racing Multiple token and a £5 Football Bet Builder token will be credited after 48 hours. Full T&Cs apply.18+. BeGambleAware.org.

42
Kwiff Bet
Kwiff
3.5
Bet £10 Get £30
18+ only. New customers only. Min. deposit of £/€10. Qualifying real money bet of £/€10. Min odds greater than or equal to 1.5 required. E/W bets excluded. Offer credited within 48 hours. Additional T&Cs apply. Please gamble responsibly.
43
Bet365 UK
Bet365
3.5
Win cash prizes by predicting the scores of just six Soccer matches, with 6 Scores Challenge at bet365!

The prize value displayed for six correct predictions is the maximum available based on a single winner in that round and will be reduced in the event of a shared prize-pool. Eligible customers only. Bet restrictions and T&Cs Apply. Registration required. For more information please visit the bet365 website.

44
Ladbrokes UK
Ladbrokes
3.5
BET £5 GET £20 IN FREE BETS
18+ New UK+IRE Customers only. Certain deposit methods & bet types excl. Min first 5 bet within 14 days of account reg at min odds 1/2 = 4x 5 free bets. Free bets valid for 7 days, stake not returned. No cashout, restrictions + T&Cs apply.
45
Smarkets UK
Smarkets
3.5
Trade with 0% for 60 days OR Get a £20 cash refund
Use code COMMFREE to trade with 0% for 60 days OR code SMK20 to get a £20/€20 cash refund. Min. £10/€10 first deposit only using Debit Card or Instant Banking. Cash refund expires in 7 days. Full T&Cs apply.
46
SpinzwinBet
SpinzwinBet
3.5
Bet £20 and Get a £35 Free Bet

New Players Only. Free bet – one-time stake of £35, min odds 1.5, stake not returned. 1x wager the winnings. Wager from real balance first. Wager calculated on bonus bets only. Max conversion: £200. Valid for 7 days from receipt. Free Spins Offer. Wager from real balance first. 50x wager the bonus. Contribution varies per game. Selected games only. Wager calculated on bonus bets only. Max Conversion: £20. Bonus is valid 7 days from receipt. Withdrawal requests void all active/pending bonuses. Excluded Skrill and Neteller Deposits. Full Terms apply.

47
NetBet UK
NetBet
3.4
Bet £5 on any Bet Builder and get a £10 Free Bet
New Customers Only, Min Odds 3/1, Min Selections 3. Free Bet Valid for 7 days
48
888sport betting
Hot
888Sport
3.3
£5 FREE FOOTBALL BET WHEN YOU PLACE A £10+ BET BUILDER ON ANY PREMIER LEAGUE GAME

18+. Promotion valid from 00:00 05/12/2023 until 20:15 07/12/2023. Min odds 3/1 (4.00). Free Bet credited on bet settlement. Free Bet must be claimed within 3 days and used within 7 days. Free Bet only valid on football markets. One Free Bet per customer only. Your deposit balance is available for withdrawal at any time. Full T&Cs apply. Full T&Cs apply

How Does a Betting Exchange Work?

Light BulbA betting exchange is a peer-to-peer platform that allows punters to place wagers against other bettors rather than with traditional betting sites.

The odds on betting exchanges are generally more favourable than on a sportsbook, making them a hugely attractive proposition from a punting perspective.

Betting exchange sites make their money by charging a small commission on your winnings, but the more attractive odds help to compensate for this deduction.

The commission charged differs between betting exchange UK sites, although 2% tends to be the standard rate for most operators.

There are two kinds of bettors involved when any wager is made on a betting exchange – one who places a ‘back’ bet and one who ‘lays’ the bet.

For example, let’s say that you want to place a wager on Manchester United beating Liverpool in a Premier League match.

In this scenario you are the person placing the ‘back’ bet with another bettor who ‘lays’ the bet. In other words, the other person does not think Man United will win.

Betting Exchange Terminology

Now we’ve established the core construct of a betting exchange, let’s assess those two key elements in a little more detail.

↪ Backing

In simple terms, placing a ‘back’ bet on a betting exchange is the same as wagering on a selection with a traditional bookmaker.

Based on the example above, if you fancy Man United to beat Liverpool, you would click the odds listed in the ‘back’ column to place your bet.

If you stake £10 at odds of 3.00 and they won the game, you would receive £30 (10 x 3.00) less whatever commission is deducted by the betting exchange.

However, if the match was drawn or Liverpool win, your stake would be lost and the person laying the bet would make a profit.

↪ Laying

When you ‘lay’ a bet at a betting exchange you are effectively acting as the bookmaker by offering odds on the outcome of a sports event.

For the Man United versus Liverpool match, laying the Red Devils means you are taking bets on them not winning the game.

If they defeat Liverpool, you will pay out to bettors based on the odds you offered before the match gets underway.

However, if the match is a draw or Liverpool win, you win the amount that has been staked less a small percentage commission taken by the betting exchange.

How to Calculate Your Liability at Betting Exchange Sites 

Whenever you act as the layer, your betting account must have sufficient funds available to cover any potential payouts to the bettor.

If you accepted a £10 bet at odds of 3.00 on the Man United v Liverpool game, your liability would be £20.

Having less than this in your account would mean you could not lay the bet in full.

Sign-up for a Betting Exchange Account

The process for signing for an account with a betting exchange varies between different operators, but generally follows these steps.

  • Click ‘Join Now’ on the homepage.
  • Enter the requested personal details.
  • Enter the bonus code if required.
  • Make a deposit.
  • Verify your account.
  • Start betting.

Once your account is open, you will generally be required to submit proof of identity and address before you can make any withdrawals.

Bookmakers vs Betting Exchanges

Betting exchanges have undoubtedly been a force for good in the gambling industry, helping to create a more competitive marketplace.

One of the biggest advantages they have over traditional bookmakers is giving you the ability to back and lay bets on the same platform.

The odds are often slightly better on a betting exchange, although many bookies strive to compete with them whenever they can.

Many punters use betting exchanges as a way to guarantee a profit on selected events by using proven techniques such as matched betting.

In simple terms, this is a strategy where a punter bets and lays to cover every possible outcome in an event to create a risk-free scenario.

This methodology is often linked to betting offers such as free bets, which can be manipulated to ensure you end up winning regardless of the outcome in an event.

By opening accounts with several bookmakers and betting exchanges, you can use matched betting to keep your bankroll ticking over nicely.

Betting Exchange Pros & Cons 

If you are thinking about opening an account with a betting exchange, it is worth noting some of the pros and cons before parting with your hard-earned cash.

As we’ve mentioned previously, the option to lay bets is one of the major advantages a betting exchange has over a traditional bookmaker.

The odds on betting exchanges are often more generous, which means you can extract more value whenever you are placing sports bets.

However, betting exchanges have fewer markets than traditional bookies and there is no guarantee you will find someone willing to lay your bet.

It is not usually feasible to place multiples on a betting exchange, meaning you need an account with a sportsbook if you like accumulator bets.

Betting exchanges also take a small percentage commission from your winnings, although this is often counterbalanced by the more generous odds on offer.

How to Choose a Betting Exchange Site

Much like traditional bookmakers, there are plenty of different betting exchanges to choose from on the internet.

The best betting exchange sites are fully licensed and regulated to offer their services in the United Kingdom, and advertise verifiable links to the relevant information.

There are several other elements you should consider before signing up for an account with an online betting exchange. These are as follows:

Odds

Betting OddsOne of the primary reasons for using a betting exchange over a traditional bookmaker is to try and extract more value from your bets.

This is easy to check by analysing prices on odds comparison websites to see which exchanges offer better value than online sportsbooks.

Bonuses & Promotions

Bonuses and PromotionsBetting exchanges generally offer welcome bonuses to new punters, often in the form of a matched bonus on your initial deposit.

The top sites also have a wide range of ongoing promotions including free bets, refer a friend schemes and best odds guaranteed on selected sports.

Choice of Bets & Markets

Strategies and Betting TipsIn addition to ‘back’ and ‘lay’, the top betting exchanges offer a variety of markets on sports such as football, basketball, rugby and tennis.

While the choice is unlikely to be as great as you would find on a traditional bookmaker, this adds some extra spice to wagering on an exchange.

Commission

DebitCardBetting exchanges charge a commission on your winnings – this may be as high as 4%, but is often just 2% on the best betting exchange sites.

Always check the terms and conditions before placing any bets to ensure that the commission on your chosen betting exchange meets your requirements.

Betting Exchange Tips & Strategy

There are several strategies you can use to make a profit on betting exchanges. Here is a quick look at a couple of our favourites.

➪ Scalping

Scalping has its roots in market trading – in simple terms, it generates a profit by taking advantage in short-term odds fluctuations.

For example, you lay a £100 bet on Man United to win a game at odds of 2.18. Your overall liability at this point is £118.

The odds subsequently drift and you are able to back the Red Devils to triumph at 2.24. You wager £100 to secure a potential profit of £124.

Assuming both bets are matched, you have now locked in a £6 profit (minus commission) if United emerge victorious.

If they draw or are defeated you have a full refund of your original stake – effectively making this a no-risk scenario.

You could also consider using scalping on the in-play markets, although the quick fluctuations in odds make this a riskier strategy.

➪ Dutching

Dutching is a system that requires to wager on more than one outcome in a single event. It requires plenty of discipline, but can deliver solid returns.

Many punters use it in six runner greyhound races, although it is worth noting that it should only be utilised when the odds are framed in your favour.

In a race with six runners, it is often feasible to narrow down the field to just three dogs that are likely to finish first.

If you have a market where you can back those dogs at 4.00 or better, you can use the dutching system to spread your chances of winning.

A £10 bet on those three dogs would result in a £30 outlay, but your return would be at least £40 if one of your selections wins the race.

While there is no guarantee that one of the other three runners won’t win, you can reduce the risk by identifying races where their odds suggest an upset is extremely unlikely.

Frequently Asked Questions

Are betting exchanges legal?

The betting exchanges we recommend are all fully licensed and regulated to offer their services to punters in the UK. You can sign-up for an account safe in the knowledge that your winnings will be paid out if you use one of these sites.

Which are the best betting exchanges?

There are several reputable betting exchanges operating in the UK. Our favourites include Betfair, Matchbook, Spreadex and Smarkets.

Why do I have to pay commission?

Traditional bookmakers make a profit by building a margin into each of their markets. Betting exchanges take a small percentage commission from your winnings for facilitating your wagers on the site.

What payment methods can I use?

The top betting exchanges offer a wide range of payment methods including debit cards, e-Wallets and bank transfers. Check the account section on your chosen site for full details.

How long do withdrawals take?

Generally speaking, it should take no longer than 2/3 working days to receive your withdrawal from a betting exchange.