Why Advanced Bettors Prefer Exchanges to Traditional Sportsbooks

In the always-changing world of sports betting, advanced bettors are constantly seeking an edge that can give them an advantage over the competition. One strategy that has gained popularity among profitable bettors is using betting exchanges instead of traditional sportsbooks like DraftKings and FanDuel. 

In this article, we’ll delve into the reasons why advanced sports bettors are increasingly favoring exchanges and why you should consider making the switch too.

Better Odds

One of the most compelling reasons advanced sports bettors prefer exchanges is the availability of better odds. 

Unlike traditional sportsbooks that set their own odds, betting exchanges operate as a marketplace where users can offer and accept odds. This creates a competitive environment that often results in more favorable odds for bettors. 

There’s no such thing as a -110/-110 standard for sides and totals at exchanges.

Advanced bettors understand the importance of maximizing potential profits, and the better odds found on exchanges can significantly boost their bottom line over time.

No Betting Limits

Advanced bettors, or sharps, often place substantial wagers, and traditional sportsbooks may impose limits on the amount you can bet on a particular event or market. This limitation can be frustrating for those who want to maximize their betting opportunities and profits.

Betting exchanges, on the other hand, don’t impose such restrictions. With exchanges, you can wager as much as you want, provided there are other users willing to match your bet. This freedom is particularly appealing to bettors looking to capitalize on their knowledge and identified value.

Lay Betting

Lay betting is a unique feature offered exclusively by betting exchanges. This allows advanced bettors to act as bookmakers themselves by betting against a particular outcome. In other words, you can bet on a team or player to lose rather than win. 

This strategic option opens up a wide range of possibilities and can be particularly valuable when hedging bets or taking advantage of changing circumstances within a game.

In-Play Betting Flexibility

In-play or live betting is a favorite among advanced sports bettors because it allows them to react to changing game dynamics in real-time. Exchanges excel in this aspect, providing seamless in-play betting opportunities with constantly fluctuating odds. 

Traditional sportsbooks may lag behind in updating their odds during live events, potentially causing missed opportunities for advanced bettors.

Trading Strategies

Exchanges provide advanced bettors with a unique opportunity to engage in trading strategies similar to the stock market. By buying and selling bets before an event concludes, bettors can lock in profits or minimize losses. 

This level of flexibility and control is highly appealing to those with a keen understanding of market dynamics and the ability to predict how odds will move.

Transparency and Fairness

Exchanges are known for their transparency and fairness. Traditional sportsbooks may occasionally limit or ban winning bettors, a practice frowned upon by advanced bettors. 

In contrast, exchanges make their money through commission fees on winning bets, meaning they have no incentive to restrict successful bettors. This transparency fosters a more level playing field and attracts advanced bettors seeking a fair marketplace.

Advanced sports bettors have a keen eye for opportunities and advantages that can maximize their profits. Betting exchanges offer precisely the kind of advantages they seek, including better odds, no betting limits, lay betting, in-play flexibility, trading opportunities, and fairness. 

As a result, more and more advanced bettors are turning to exchanges as their platform of choice for sports bettors. If you’re an advanced bettor or want to make more money, consider making the switch to a betting exchange to enhance your betting experience and potentially boost your profits and lower your losses.

Novig is preparing to launch this fall in Colorado and become all of those benefits for sports bettors*.

In the lead up to launch, Novig is running a contest, sponsored by OddsJam, from October 5-9 with $25,000 in cash prizes. 

The event will kick off on Thursday, October 5 at 12pm ET and will conclude Monday, October 9. 

Each participant will receive a virtual betting credit of $10,000 in play money at the start of the event. The goal is simple: use your sports knowledge and trading skills to grow your balance. The participant with the greatest winnings at the end of the championship wins. 

The top 50 participants will receive part of the $25k prize pool, with 1st place taking home $6,000. There is no entry fee to enter.

Additionally, all participants will get a deposit match up to $250 in bonus funds when Novig launches in your state, as well as a free week with us here at OddsJam and 20% off any OddsJam subscription for three months. 

Sign up here to confirm your spot in the contest. 

*Until exchange wagering is approved by the CLGC, Novig will be operating as internet sports operator and not an exchange