Fancy a Back & Lay? Here's how to do it from Ireland
The betting exchange is known for being more advantageous than the traditional bets offered by bookmakers. As it is not authorised in Ireland, you will have to use foreign sites to take advantage of it. We tell you how to access odds trading from Ireland.
Why use betting exchanges?
If you want to take advantage of even more attractive odds than those on international sports betting sites, you should opt for a betting exchange platform. The betting exchange works on a different principle to traditional sports betting platforms. Here, you have the opportunity to trade odds and bets with other punters registered on the platform, in the manner of financial trading by buying and selling odds.
In contrast to bookmakers, a betting exchange offers Back & Lay betting. Traditional bookmakers only offer the Back (Buy) bet. The Lay (Sell) here consists of playing the role of the sports betting site by offering odds and bets to other players. When you offer a winning bet, your winnings are proportional to the value of the odds. If you don't, you lose too. In the way it works, odds trading should therefore enable you to maximise your winnings from sports betting.
The odds are often more attractive on betting exchanges because the operator's margin is smaller than on traditional bookmakers. This is because the exchange operator takes a fixed commission on the bets, without taking part in the betting. He therefore wins a very small sum each time and doesn't need to lower the odds to pay himself. The fact that you can offer Lay bets means you can go further in your thinking and analysis of betting.
The betting exchange simply organises the exchanges between the players. It does not set the odds. The betting exchange receives a maximum of 5% (sometimes 2%) of what the winner wins, compared with 10% for traditional bookmakers. The chances of winning are also higher with a betting exchange.
Can I play on the Betting Exchange in Ireland?
The answer is NO. The betting exchange is a concept that has existed for more than three decades but remains inaccessible in many countries, including Ireland. The government wants to "protect" punters from any risk of addiction. This is why the GRAI places so many restrictions on Irish punters, notably on the frequency of play and the maximum stake they can commit. The betting exchange could therefore be a good option for unrestricted betting.
To take advantage of the great odds offered by this odds trading system, you need to register on a betting exchange platform. Only sports betting brokers provide access to these platforms from any country. Better still, with a sports betting broker, you will have access to several betting exchange sites at once and even to tools that select the best odds.
betfair
betfair is the undisputed leader in betting exchanges. With the most participants in these trades, that makes it the most interesting. Seize the opportunity and trade at betfair from Ireland to take advantage of the best odds available. It's also the most recommended platform in the business.
The brokers giving access to betfair are:
- 1. BetInAsia - The benchmark broker, which accepts Irish nationals
- 2. AsianConnect - Excellent broker, the oldest
Matchbook
Matchbook's offer is very well known. It is the world's number 2 and has the distinction of offering very low fees. Trade with Matchbook from Ireland to take advantage of these rates. They range from 0.75% to 1.5%, which is truly remarkable.
Unfortunately, no broker is currently offering access to this platform.
9wickets
Although not as well known as Betfair, 9wickets is also recommendable. The platform uses the betfair market with fewer fees, but its sports offer is smaller. Trade with 9wickets from Ireland to avoid GRAI limitations.
The brokers who provide access to 9wickets are:
- 1. BetInAsia - The benchmark broker, which accepts Irish nationals
- 2. AsianConnect - Excellent broker, the oldest
