If you’ve always had the odd bet on different sporting fixtures such as the Masters, the Kentucky Derby and the FA Cup over the years, the chances are that you’re already using the internet to manage the bets that you place. For anyone who has a bet even just occasionally, using an online betting account is the most convenient way to place a bet and you can hunt around for the best odds quickly and easily online.
However, if your betting is more than just occasional and you are looking at developing a betting strategy, then you’re more likely to be using one of the big betting exchanges where there is no bookie as such. Betting exchange users can not only place bets, they can also lay them, which means accepting other people’s bets.
by GotCredit
For anyone who wants to take betting more seriously, an exchange is definitely the way to go. It allows you to take the contrarian view, for example, when other people’s sentiment clouds their judgements on the bets they place. For instance, this year at Wimbledon, lots of people will bet on Murray winning the Men’s Championship because they want him to win, rather than because they think he will win. If you consider that other players such as Djokovic and Nadal have a better chance, then you could be the one laying all those pro-Murray bets and if he loses, you could be quids in.
For anyone who wants to place and lay bets in multiple markets such as horse racing, football, tennis and volleyball, it can be useful to download one of the many different betting apps that can be used with live data. Using a betting app you have multiple means of organising your bets and can place bets much more quickly than you would if you used a betting exchange without one. This is because the apps such as Geek’s Toy and FairBot allow users to view multiple betting markets at once, with refresh rates of up to 20 times a second. Along with a one-click betting facility, this means that betting app users are always one step ahead of other exchange users, locking in the value on different bets before others get the chance.
by Paolo Camera
The great advantage of using a trading app like Geek’s Toy is that you can test out different strategies in simulation mode – where the data is live, but the bets are only virtual. This means it’s possible to trial a system or tipster without using real money and you can switch to real money bets whenever you are ready to. Most of the bet trading apps are available on a free trial basis, so if you’re interested in trying it out, there’s nothing to hold you back.