Betting Exchanges

Peer-to-peer platforms where you back and lay against other bettors and pay commission instead of a bookmaker margin.

5 reviews, average score 7.4

All betting exchanges

The Betfair Exchange home page with a Quick Links panel, a sign-in form and a list of sportsBetfair Exchange Review: Does Commission Still Beat Bookmaker Prices?The Betfair Exchange charges about 5% commission on winnings instead of a bookmaker margin. We work out the break-even price, explain the Expert Fee that replaced the Premium Charge, and say who should use it.Free to join8.1
Smarkets listing on the App Store, now titled Smarkets: Prediction Markets, with the tagline Trade on Sports and PoliticsSmarkets Review: 2% Commission Against Betfair's Depth on Football and PoliticsSmarkets charges about 2% commission to Betfair's 5% base rate. We weighed that saving against thinner football liquidity, its strength in politics and the app's rough edges.Free to join7.8
Novig homepage header with a live scoreboard strip, search bar and a college football matchup card with percentage prices and dollar payout figuresNovig Review: No-Vig Pricing Is Real, but Fees and Thin Books RemainNovig is a peer-to-peer sports exchange with no maker fees and fee-free pregame trades. We checked its fee formula, state limits and its own comparisons with BetMGM and FanDuel Predicts.Free to join7.6
Matchbook Betting Exchange listing on the UK Apple App Store in a desktop browserMatchbook Review: Cheaper Commission, Thinner Markets Than BetfairMatchbook charges less than Betfair and gives new users 110 days at 0% commission. We checked its listing, reported liquidity on racing and football, and the gaps outside them.Free to join7.2
ProphetX web platform listing live college football and NFL markets with the traded volume on each gameProphetX Review: A Former Sweepstakes Exchange Now Selling Federal Sports ContractsProphetX dropped the sweepstakes label and now describes itself as a CFTC-registered sports prediction market with peer-to-peer pricing. We checked fees, withdrawals, state limits and the legal fight that still surrounds it.Free to join6.1