How to Make the Most of 12Bet Exchange for Betting on Your Favorite Sports?
Description: Find out what the 12Bet exchange is in India. Overview of the exchange, differences from standard sports betting, and pros and cons. Join the 12Bet exchange with our step-by-step instructions.
12Bet Exchange Betting Site
12Bet is one of the leaders in the field of betting exchange. In a separate section, players can place bets on certain events, as well as place Back or Lay bets. At the same time, the bookmaker has a pleasant and user-friendly interface and a lot of nice features for using INR.
On this page, we want to talk in detail about the betting options at 12Bet Exchange and share instructions on how to bet here.
12Bet Sports Betting Exchange Explained
The 12Bet betting exchange is a special type of betting, which is characterized by the fact that the odds directly depend on the bettors and their bets. It is formed on the basis of all the money bet on a certain outcome, and the bookmaker does not affect its size in any way.
Thus, players play not against the bookmaker, but against each other. The bookmaker’s site acts as an intermediary and earns on internal commissions on such bets.
Differences Between a Regular Sportsbook and a Betting Exchange
There are a number of differences between 12Bet exchange and standard sportsbooks. For a better understanding, check out the table below:
12Bet Exchange | Regular Sportsbook |
The size of the odds is formed solely on the basis of supply and demand bettors exchanges | Odds are formed by analysts taking into account the bookmaker’s internal margin |
The platform charges a small commission and is an intermediary | A margin is imposed on each coefficient |
You can take the role of a bookie and bet “against” a particular outcome | You bet only on this or that outcome |
You bet according to or against the opinion of other bettors | You are bet against the bookie |
You can get a good profit before the start of the match at the expense of CashOut, if the odds change in your direction | The odds are usually rarely changed by the bookmaker after they are published in the public domain |
How to Use the 12Bet Exchange?
We have prepared for you a step-by-step guide on how to quickly start betting on 12Bet exchange:
- Register. Open the bookmaker’s website and go through the registration process by clicking on the appropriate button and filling out the form;
- Make a deposit. Go to the menu of your personal cabinet and click on the “Deposit to account” button. Select one of the payment systems you want to use for the transaction, enter the amount and confirm it;
- Go to the betting exchange. Go to the “Exchange” section on the 12Bet’s website and select a sports discipline. A sheet with all available matches and exchange odds will open in front of you. Choose the option that suits you, the amount and confirm the bet.
Now you need to wait for the end of the event, and when it happens, the bookmaker will credit your winnings to your balance.
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Pros & Cons of 12Bet Betting Exchange
12Bet Exchange betting is generally a great addition that gets you a new experience and feel the competitive spirit of betting against the opinions of other players. That said, there are some minor downsides.
Pros | Cons |
Large selection of very low odds available for betting (have a high probability) | The choice of odds and markets is always lower than those offered by the bookmaker itself |
Odds are formed based on supply and demand, so they can be higher than those offered by the bookmaker | Higher odds are usually found in secondary and not popular markets |
Different betting exchange sites have their bettors and their odds, which actually allows you to make a win-win bet | |
Since the odds are set by the players, the bookmaker imposes minimal commissions on exchange bets | |
Possibility to hedge your bets and fix your profit if the odds go up | |
Better understanding of the probability of a particular outcome, constructed from the opinions of other bettors | |
Increased betting variability |