Betting Exchange

Unlike regular betting sites, betting exchange sites allow customers to bet against each other and not against a sportsbook. Below we have listed some of the best betting exchange sites in the UK. Advertiser disclosure

Sports Pundit contains links to partner websites. When a visitor to our website clicks on one of these links and makes a purchase at a partner site, Sports Pundit is paid a commission. We are independently owned and the opinions expressed here are our own.

  • Reasonable commissions
  • Great odds
  • Easy to use interfaces
Sports betting
Welcome Bonus
Our Rating
Visit site
£25 Free Bet + 10 Free Spins
Our Rating 5.0 / 5

If your account has sportsbook losses at the end of your first day's betting, QuinnBet will refund 50% of your losses as a Free Bet up to £25 (min 3 bets) Plus 10 Free Spins on Asgard Warriors. Even if your account is up, you're guaranteed a £5 Free Bet Plus 10 Free Spins provided you place at least 1 bet of £10 or greater at the minimum odds. T&Cs apply. 18+ new UK customers only.

Bet £10 Get £30 + £10 Casino Bonus
Our Rating 4.9 / 5 Read Review

Min deposit £/€/$10 • A qualifying bet is a ‘real money’ stake of at least £/€/$10 • Min odds 1/2 (1.50) • Free Bets credited upon qualifying bet settlement and expire after 7 days • Free Bet stakes not included in returns • Casino Bonus must be claimed within 7 days • To withdraw bonus/related wins, wager the bonus amount 40 times within 14 days • Casino Bonus expires after 60 days • Withdrawal restrictions, payment methods, country & Full T&Cs apply.

Bet £10 Get £15 in Free Bets
Our Rating 4.8 / 5

18+, Welcome Bonus: New players only, 1st deposit, min deposit: £10, max £10 free bet valid for 14 days, bets must be placed at odds of 1/1 or greater and be settled within 14 days of placement. Full T&Cs apply.

Bet £10 Get £30 Free Bets + 30 Free Spins
Our Rating 4.4 / 5 Read Review

New 18+ UK customers only. E-Wallet & Prepaid Card restrictions apply. SMS validation may be required. Full T&Cs Apply.

100% Deposit Bonus up to £50
Our Rating 4.2 / 5 Read Review

18+. New bettors get 50% of deposit up to £50, once per household, min deposit £15 (no Skrill/Neteller); Wager 8x deposit and bonus in 60 days to convert into real money, betting min odds of 4/5 on singles, or min 2/5 per leg for acca, max. stake contribution to wagering = initial bonus, some bet types excluded.

Bet £10 Get £30 in Free Bets
Our Rating 4.0 / 5

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.

Bet £10 get £20
Our Rating 3.9 / 5

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.

What is a Betting Exchange?

Betting exchange sites are platforms where punters can discretely bet on the outcome of events, be it in sports, entertainment, or politics.

Aside from betting against a sportsbook or a traditional bookmaker as you would on a sports betting site or a betting shop, on a betting exchange site, you will be betting against other punters.

One of the more popular betting exchange sites is Betfair Exchange. It’s one of the more established betting exchange sites and it is popular among punters because they can make more money because of better odds as compared to regular betting sites.

Another popular sports betting site is Ladbrokes Betting Exchange.

Betting Exchange

How do Betting Exchange Sites Work?

Bet exchange sites work as the name suggests. Punters get to bet against each other. They get to set to their odds, which can oftentimes be higher than those in the regular betting market.

Betting Concepts on Betting Exchange Sites

There are a couple of concepts that you should be familiar with if you are starting with bet exchange. They are:

  • Back bets
  • Lay Bet
  • Matched Bets

Back Bet

With a back bet, you are betting on an outcome to come through. For example, you will bet that Manchester United wins.

Lay Bet

With lay bets, you are betting for an outcome to not occur, for example, you place a lay bet that Manchester United Loses.

Matched Betting

Matched betting is a practice that uses betting exchange sites. The main process of it is a punter places a back bet on a regular sports betting site and then they go and place a lay bet against themselves on sports betting exchanges site.

With this process, no matter who wins or loses, the punter ends up with a profit in free bets that are released when you make your first bet.

Creating Your New Betting Exchange Account

Creating an account on a betting exchange site is as easy as creating a new account on other sportsbook-based betting sites.

Just head over to the betting exchange site and sign up for an account. Don’t forget to take advantage of the sign-up offer free bets.

When creating your betting exchange account, the exchange platform will require you to provide personal and financial information.

How to Find the Best UK Betting Exchanges?

You are going to have to rely on your personal preference if you are looking for the best betting exchange sites. There are many betting exchanges sites in the market and though most of them offer similar services, you may find one or two will suit your personal preferences more.

A great way to find the best betting exchanges is to try out as many as you can. That way you have a good idea of their services and whether or not they will meet your needs.

Just always keep in mind to be gamble aware and gamble responsibly.

Bet Exchange and Matched Betting

Bet exchange sites are usually used in matched betting because not only do they allow punters to bet against their back bets, they also have better odds.

The UK Gambling Commission does not have issues with Matched Betting, and it’s considered legal.

Can You Make Money with Matched Betting and Betting Exchange Sites?

Many punters make money doing matched betting with little or no money of their own to start with. All they use are the free bets provided by betting sites. A free bet is treated like a real money bet on these sites. It may just be subject to some wagering requirements.

When matched betting, you can make money by using your welcome bonus to make your first bet and use the winning bets and its qualifying bet settlement after that to make more free bets and more money.

Tip: If you are in-play betting when match betting, be sure to monitor the odds closely. That way you can be sure that you still get a profit.

You may also consider a betting exchange on multiple bets or fixed odds betting.

Betting FAQ