Back in 2000, Betfair decided to create a new way of placing bets,
allowing players to take on the role of the bookmaker by offering their own odds on sporting events.
Thus was born the Betting Exchange.
If the term is new to you, don’t worry: in this Betting Exchange guide you will find everything you need to start betting in back-to-back mode in Italy on the best sport betting website.
What is Punta e Banca
Betting Exchange bets were born in 2000 at the hands of Betfair. The extraordinary idea behind their birth was that the odds were not to be decided by bookmakers alone.
For Betfair, bettors needed to have more freedom, including the ability to offer odds on a sporting event. In this way the players can take on the function of bookmaker and the odds are generated by the meeting of supply and demand, therefore by the law of the market, just like in a financial stock exchange instead of being determined by professional bookmakers.
Since the beginning, the Betting Exchange is also known by the name of Back and Lay bets, which in Italian take the name of Punta e Banca. To fully understand the back-and-forth betting method, let’s start with the glossary of the few fundamental terms:
- Bet (or Back) : very similar to the traditional bet, the player selects the odds on the sporting event he prefers from a column (usually in blue or light blue) and bets a sum of money, betting on the possibility that that event occur.
- Bank (or Lay) : the player assumes the role of bookmaker. From a column (usually in pink or orange) he selects the odds he wishes to offer for a particular sporting event, effectively betting against the eventuality of that event occurring.
- Cash Out : literally means to collect, it is a method that allows you to close the bet or the bank at any time, even before the end of the sporting event, thus collecting the winnings early or limiting the losses.
- Liquidity : is the amount of money in a Betting Exchange market. Basically it is the sum of the betting proposals (stakes and bankings) for each odds, waiting to be matched. Ample liquidity means there is a lot of money per share. In this way there will be more options for whoever bets and who banks and the odds will be very similar. Poor liquidity results in a narrow range of odds that are very distant from each other. The greater the liquidity, i. e. the amount of money that players have decided to bet on the opposite bet to ours, the more the odds offered in the market will approach their fair value .
- Commissions : this is a percentage of back and bank bets withheld by the Betting Exchange platforms, as compensation for offering the brokerage service.
Let’s take a practical example of how the tip and bank works: Mario wants to bet on Inter’s victory in the Milan derby. He goes to a Betting Exchange platform and chooses the odds that he considers best among those offered, in this case 2.00, and bets € 20. If Inter wins at the final whistle, Mario will collect € 40 (20×2.00), making a net profit of € 20 (€ 40 won – € 20 played). If, on the other hand, AC Milan wins, he will lose the bet amount (€ 20).
Paolo, on the other hand, is convinced that, given the great form shown by Milan in the last few matches, it is more likely that the Rossoneri will be the ones to take home the Madonnina derby. He then opens a Betting Exchange platform and decides to bank € 20 on Inter’s victory (offer the odds) at 2.00, which is equivalent to betting against the Nerazzurri’s victory.
It is in fact a double chance bet: the player who banks wins both in the event that Inter lose and in the event of a tie. But be careful: when you bank you take on a responsibility: once Inter’s win with odds 2.00 is banked € 20, if Inter wins they will lose € 40 (€ 20 x2.00).
Differences between Betting Exchange and betting
To clarify the ideas, let’s summarize the salient points that differentiate tip and bank from traditional bets:
- Traditional betting – there is a bookmaker who offers a quote on the probability of the sporting event occurring, and a bettor who, by predicting that sporting event will occur, bets money. If the prediction comes true, the bettor wins, otherwise he loses his stake.
- In the Betfair Exchange – a bettor can decide to take on the role of the bookmaker, or the dealer. In this case, the player proposes his own odds for a sporting event, effectively betting against the possibility of that particular event taking place. The other players who decide to take on the “traditional” role simply choose the odds offered by a player acting as dealer and bet the amount of money they want.
In this way, the bets of the classic bettors are combined with the odds proposed by the players who act as bankers. The combination of bets and bankings is the meeting of supply and demand within the odds market on the Betting Exchange.
Attention: since this is a real market, in which it is practically like trading on bets, if the odds are exaggerated or the money circulating in the market of that specific event (i. e. liquidity) is few, it is more likely that the banks no bets will be matched.
At the end of the sporting event, the money from the bet will be credited to the winner (pointer or banker), after deducting a commission charged to the Betting Exchange platform for the service offered.
Betting Exchange Strategy
Once we understand the difference between back-and-forth betting and traditional betting, it’s time to venture into the various Betting Exchange strategies. We must premise that they often resemble financial trading strategies more than those on classic bets. Precisely for this reason, Betting Exchange strategies require more experience.
It is therefore very important to consult all match statistics in depth, in order to then be able to grasp the right moment in which to bet or bank to make the most of the fluctuation of the Betting Exchange market shares, possibly with the help of a tip and bank calculator.
▶️ Cash Out
Cash Out allows you to collect your bet before the end of the match, to guarantee your winnings or to reduce your losses.
There are several Betting Exchange methods for making Cash out. For example, you can bet live on the team that is favored when they are down in the result. Once this has marked, you can make Cash Out to collect without having to wait for the actual completion of the comeback.
Or you can bet in favor of the weaker team and Cash Out live before the favorite team has taken the lead.
▶️ Scalping
It is one of the most used betting exchange methods for players. In a nutshell, Scalping aims to make many small profits by betting and banking on numerous sporting events, which when added together will amount to a greater profit.
It is a Betting Exchange strategy that speculates on the fluctuation of shares, very similar to the techniques used in the world of finance.
First, a stake is wagered which the player considers to be very high. Then, when the odds drop, the player banks the same result. This is why it is very practical as a strategy to use with live betting.
However, it is important to remember that the time that must elapse between the bet and the lay should be as short as possible, and to stake and lay several sporting events at the same time.
In fact, the variations in odds will be minimal and to get a profit it will be necessary to bet on many sporting events. This Betting Exchange method requires some experience and familiarity with data, as well as obviously a certain amount of money to bet.
▶️ Dutching
Another very popular strategy is called Dutching, and is based on a technique that uses special Betting Exchange calculators that use a mathematical formula to divide the amount of money you want to bet on multiple results of sporting events, thus reducing the odds of loss.
Dutching therefore yields greater returns in markets where there are more betting options, such as “1st Half Correct Score” and “Final Correct Score”. The other side of the coin is that as the budget is split across multiple events, the profit margin is also reduced.
However, the Betting Exchange odds are higher and therefore still allow you to take home a profit with Dutching, while the Cash Out option during the live match allows you to change our Betting Exchange strategies at any time.
Also with regard to this Betting Exchange strategy, it is important to consult all the statistics regarding the different teams involved, to know the most probable results on which to bet and apply it seriously, possibly after gaining some experience.
Betting Exchange Quote
It is now clear that back-and-forth betting is a different world than traditional betting. One of the main differences, which can be seen right away, is that the odds on the Betting Exchange work differently, and are generally higher.
This is because they are offered by players, not professional bookmakers. Furthermore, the shares vary just as the value of the shares on a stock exchange varies during a day, but above all they are very close to each other, precisely because they are the result of market laws and not arbitrarily established.
In fact, when the event is far away we will find more disparate odds, the gap of which will become increasingly narrow until the match is imminent, which at that point will have aroused greater interest and the market dynamics will have settled the odds bringing them closer to their fair value ( fair value).
How tip and bank works in Italy
Sports betting in Italy is relatively recent, especially when compared to the long tradition of the Anglo-Saxon world. In Italy Punta e Banca has entered the jargon of bettors, but it is available on a few betting sites, including betfair . The Italian legislation governing the Betting Exchange (Law Decree 47/2013) also imposes certain limits aimed at protecting players:
- The minimum stake is € 0.50
- The maximum payout is € 10,000
- The maximum commission that the Betting Exchange platform can request for the service is 10% (although it is usually lower, around 5/6%)
- Multiple bets or betting systems cannot be placed in back-and-forth mode
Furthermore, in Italy the Betting Exchange market is smaller than the traditional one, with a schedule that offers fewer options.
Betting Exchange methods
Betting Exchange methods are so many, and each of them requires a greater or lesser degree of experience. Let’s see some quite simple ones:
- High tip and low bank
That is, it bets on a result with a high odd and then banks the same result on a lower odd. However, the shortest amount of time possible must pass between the bet and the bank. The odds will go down a little, it is true, and the gain will be less, so you have to apply this Betting Exchange method on many sporting events at the same time, using the Scalping strategy.
- Method exact result 1-1
Identify a match that sees two balanced teams face off, with a similar ranking, a similar state of form and two solid defenses. In this case, betting on the correct result 1-1 can be a great Betting Exchange method. Cash Out can be of great help here: if things go wrong and the teams have already scored after a few minutes, you can get out of the bet by cashing in early or limiting your losses.
- 0-0 draw method
Once you have checked the stats, find a match to bet 0-0 on as the correct result. Then, following the game live, we keep the game going until the odds to bank the 0-0 have dropped. At this point it will be sufficient to lay the 0-0 at a lower odd than the stake to guarantee a profit.
Tip and bank calculator
The tip and bank at first glance may seem complicated even for a veteran of sports betting, but online you can find many practical tools that help us to understand the Betting Exchange odds and to be able to use them to our advantage.
These tools are very similar to those used by those who play on the stock exchange, and range from Excel tables to betting and bank calculator software, with which to make precise calculations of the amount of money to be placed on each game and how to divide them among several games. to maximize profit.
There is no single online Betting Exchange Calculator. In fact, on the internet you can find many software, both free and paid, specifically dedicated to strategies such as Scalping and Dutching.
With them it is possible to analyze in detail all the statistics and understand the events on which to bet, the bets to be made, view possible profits in advance and the right time to bet or lay.
Betting exchange app
The tip and bank in Italy is still not very widespread, and unfortunately there are few Betting Exchange platforms. One of these is Betfair, which is also the bookmaker who invented this type of betting and then introduced it in our country.
On Betfair it is possible to bet in Bet and Bank mode directly from the navigation browser, with very simple and intuitive graphics that are certainly the strong point for those who want to use a type of bets a little more complicated than traditional ones.
The site then provides players with a Betting Exchange app for smartphones. This is a different app than the one for classic sports betting, specifically dedicated to those who want to focus exclusively on back-and-forth bets. The Betfair Betting Exchange app is available for both Android and iOS, and can be downloaded directly from the Betfair website. slot gacor hari ini