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Betting exchange sites review

Betting exchange are an interesting alternative to common online bookmakers.  Imagine being your own bookmaker, and being able to bet against something happening empowering users to take an opposing view to traditional bookmakers.  Let’s Compare Bets has lots of information about the benefits of betting exchanges.  Instead this post will focus on reviewing the best betting exchange sites available to users from the UK, Europe, Australasia, Americas, Middle East, Asia and Africa.

Betfair

Pioneers of the betting exchange format they are the ones who started exchange betting.

Positives

  • Worlds largest betting exchange
  • Liquidity is high in more markets than rivals, from betting on darts to Premier League football (liquidity is money on both sides of the book. Lots of participants backing and laying in order to make the market)
  • Offer fixed odds as well as betting exchange odds
  • Large marketing budget enables them to offer generous sign up bonuses for new and existing customers
  • Great website
  • Cash out feature allow members to collect the value of their bet before the outcome has been described
  • Free and premium software available allowing people to unlock advanced features of the exchange

Negatives

  • Exchange commission is 5% which is high, but, discounts are available

Who can use Betfair?

Currently the website is available in English, Spanish, Portugues, Romanian, and Swedish.

People from Europe who want to register for Betfair can do some from these countries.

  • UK
  • Ireland
  • Netherlands
  • Estonia, Latvia, Lithuania
  • Poland
  • Belgium
  • Hungary
  • Macedonia
  • Moldova
  • Croatia, Serbia, Montenegro
  • Romania, Slovakia, Czech Republic
  • Sweden, Denmark, Finland
  • Spain
  • Bosnia-Herzegovina
  • Germany (no Exchange)
  • Malta (no poker or multiples)
  • Russia
  • Ukraine
  • Lichtenstein
  • Luxembourg
  • Switzerland
  • Norway
  • Gibraltar

Countries from Australasia 

  • Australia
  • New Zealand

From Asia

  • Indonesia
  • Malaysia
  • Singapore
  • Hong Kong
  • South Korea
  • Saudi Arabia (Afro-Asia)
  • India
  • Philippines

From America

  • Allowed within Delware, New Jersey and Nevada via TVG (a Betfair company)

From South America

  • Brazil
  • Argentina
  • Columbia

From Africa

  • South Africa
  • Egypt

Note; local rules and regulations change. For instance Betfair is currently (2016) applying for a Portuguese gambling license and is not accepted members from Portugal until this completes.

Betdaq

Betdaq is the second largest betting exchange operator.

Positives 

  • More generous commission discounting  starting from 5%
  • Commission refunds available as a promotion
  • Trading software available from free and paid services
  • free bet promotions on offer

Negatives

  • Less liquidity especially in smaller markets
  • Exchange commission is 5%

Who can open a Betdaq account?

People from the following European countries can open a Betdaq account.

  • UK
  • Ireland
  • Isle of Man
  • Jersey
  • Andorra
  • Gibralter
  • Malta
  • Mauritius
  • Netherlands Antilles
  • Sweden
  • British Virgin Islands

From Australasia

  • New Zealand

From the Americas

  • Argentina
  • Barbados
  • Brazil
  • Cambodia
  • Cayman Islands
  • Colombia
  • Costa Rica
  • Ecuador
  • Falkland Island
  • Panama
  • Venezuela
  • Trinadad and Tobago

The Africas

  • Ghana
  • Mauritius
  • Tanzania

The Asias

  • Azerbaijan

The Middle East

  • Iraq
  • Lebanon

SM Markets

An up and coming betting exchange.

Positives

  • Only 2% commissions
  • A range of markets
  • free bet promotions on offer

Negatives

  • lack of liquidity

Who can use SM Markets?

Accounts can be opened with various different currencies but there is no information about what countries are permitted.  We have requested that information and are awaiting a reply.  The currencies permitted are UK pound sterling, Euro, Australian Dollar, Canadian Dollar, Swiss Frank, Czech Koruna, Danish Krone, Hong Kong Dollar, Hungarian Forint, Japanese Yen, Norwegian Krone, Polish Zloty, Swedish Krona, and US Dollar.

Which of the top 3 betting exchanges you choose should depend on what you want from the exchange.  Betfair is best for placing large bets, doing exchange trading, taking fixed odds or playing casino games.  Betdaq is good for smaller bets on fewer markets and trading in some markets is possible.  SM markets is good for small back or lay bets in fewer markets.  Odds on the betting exchange can often be different on the same event making small exchange arbitrage bets possible.  For a consistent, reliable and low risk way to have fun making cash from betting exchanges visitors should sign up to receive our Bet and Lay manual using the sign up form on this page (look for the button that says YES Please), or by visiting our joining page.

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to Brexit or not to Brexit? That is the pending referendum on the UKs participation in the European project

Betting on Brexit or not to Brexit?  A political and economic question, what’s you opinion?  We’re not going to try and predict this one instead leaving to our visitors to make up their own minds on this great topic for political betting.

It’s not all about curvy bananas.

Remember that one, UK shops where not allow to sell bananas that are too curvy.  Growers where required to throw away bananas that have too much curvature.  That was real, but, it was repealed because a lot of perfectly good food would have been ruined.

Critics of the UK’s inclusion in the European Union would argue that our Government is loosing it’s sovereignty to un-elected bureaucrats in Brussels.  Certain members of parliament such as Boris Johnson have been very outspoken on the issue, and who can blame them, in some respects they are being done out of a job.  They ask why should UK citizens be dictated to as to what laws we have to abide by?  Frustrated by crazy European directives and regulations.

Then there was the one about the EU banning claims that water prevents dehydration.  That’s right, that actually happened.  After a three year investigation there was no evidence to disprove this previously undisputed fact.  Hmm, there is probably a reason it has never been disputed..  This one was about letting manufacturers label water saying “consumption fights dehydration”.  Another crazy headline grabbing regulation.  But, the investigation had wider implications and it was not just about labels on bottles of water, but product manufacturers making false claims about the health benefits of using their products.  A more serious side to the story.  Some might say who cares let common sense prevail, but, some products can be harmful to certain people.

Here are the top arguments for and against Brexit.

For Brexit

  • It will free up small business from the burden regulations.  Small business and entrepreneurial activity are central to the Governments economic plan.
  • UK tax payers pay in more than we get back.
  • A slow and orderly exit will allow various trade deals to be negotiated.  We will negotiate our own deals with Asia, where Britain’s long standing history in the region could benefit deal making.
  • On an economic basis the EU does not work.  The solution is a politically driven integration of tax, monetary policy, and regulations;  A United States of Europe by another name.  It worked for the American but they all speak the same language. Something that does not apply to Europe.
  • UK Government lose power and Sovereignty meaning we lose control of our destiny.  Increasing the chances of big policy mistake made by faceless un-elected  bureaucrats in Brussels, whereby the interests of big business out weight those of the people.  Case in point is the diesel emissions scandal.

Against Brexit

  • Better the devil you know than the devil you don’t.  Short term economic impacts could be bad for working families and everyday folk.
  • Outside the EU the value of pound sterling could drop significantly forcing the Bank of England to raise interest rates.  This could trigger a depression.  House prices would drop significantly.
  • UK residents would no longer be able to settle elsewhere in the EU as they can now with ease.
  • EU membership gives us more bargaining power for our companies and foreign policy.
  • Stronger as part of the Union, allowing Britain to reduce the size of it’s armed forces, allowing the UK to punch above it’s weight.
  • A good deal has already been negotiated for the UK’s inclusion in the Union.
  • Peace! There have been no wars between countries inside the EU.

We almost forgot the elephant in the room, the Common Agricultural Policy (CAP). The CAP is the most expensive EU policy and long derided across all UK political parties.  Slowly the CAP has been reformed.  The purpose of the CAP is to provide a stable food supply, but the problem was that the solution provided by politicians was too simplistic and it created massive over supply (in 1986 their where wine lakes and butter mountains).  To protect supply farmers produce was bought up if prices dropped below a certain level, as directed by the CAP. The European Economic Community ended up with huge amounts of unwanted food.  Over a million tons of cheap butter was dumped on foreign markets: causing havoc with poor farmers in third world countries.

Links between subsidies and production where later removed. Allowing supply an demand to find a balance.  Farmers are no longer subsidised to over farm their land, hedgerows are protected and fertilizers are no longer intensively used.  The CAP now encourages better farming practices such as leaving land fallow encouraging wild life to florish, rotating crops, and management of public rights of way.  Where is it still going wrong?  CAP subsidies are now paid on a per hectare basis rewarding individuals like the Queen, Duchy of Cornwall etc, or big business like Tate & Lyle just because they own lots of land.  A pragmatic approach is being taken to CAP reform so perhaps these problems will not persist for ever.

Other benefits are that it has prevented the spread of super farms over taking the countryside by keeping small farmers in business, which protects the diversity of produce.  The UK’s food supply is now very secure and we benefit from low food prices due to the CAP.  Farmers worry about the carnage that may result from having to re-negotiate their trading terms with their biggest market right on their doorstep.  In simple terms Britain still pays a lot more for the CAP then it gets back which is ‘vote leave’s’ main economic bug bear.

There will be no prediction from us on Brexit. We’re going to leave it up to you.  Here’s different way to play the referendum.

What about a bet on Boris Johnson.  The former Mayor of London has been running the Vote Leave campaign.  The Prime Minister has said that he will stand down if the UK does Brexit.  If Johnson’s vote leave campaign is successful he is paving the way for his leadership campaign.  Johnson is currently the odds-on favourite to be the next prime minister.  A lay bet on Betfair that he will not be the next Prime Minister could be a canny wager.  A ‘vote remain’ with save Mr Cameron’s bacon and Johnson won’t have a chance.  Check out our guide to Betfair.  Check out Betfair’s account opening offer.

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Friday night USA v Mexico 2018 World Cup Qualifying – the old rivalry takes a new turn

Old rivalries between national football teams of USA and Mexico are rekindled.  Adding tinder to the flames is the recent election victory of Donald Trump becoming the 45th President of the United States.  After making bold statements in his election campaign about building a wall to keep Mexican’s out and saying that most Mexican illegal immigrants are rapists, Mexico supporters will be more fired up than ever.  Los Angeles, Houston and Phoenix already have large Mexican populations who love football.  Attendance at the Rose Bowl has exceeded 90000 as the USA performances have improved allowing them to challenge Mexico who have a long footballing heritage.

Mexico and USA are the two major powers of the 41 member Confederation of North, Central American and Caribbean Association Football (CONCACAF).  They have played 66 times since the first match May, 1934.  The largest victory was Mexico 6 USA 0 in 1949.  World Cup Qualification and the CONCACAF Gold Cup are the most important matches between the two sides.  Mexico dominates the series but USA are catching up especially since the 1990’s when soccer in America started to really get big attention.

Dos a Cero‘ is a phrase that keeps coming up with Mexican fans, which is a lot more friendly than in 2004 when Mexican fans chanted ” Osama, Osama ” during a 4 – 0 thrashing of their neighbours, an obvious reference to the 9/11 terrorist attacks.  This was after Landon Donovan, who currently plays for LA Galaxy, reportedly urinated on a practice pitch in Mexico.   All after a long history of tit for tat rivalries.

USA are favourites to host the 2026 FIFA World Cup making qualification and tournament matches even more important between now and then.  Fever pitch tensions will result in an exciting match which will generate much banter on both sides.  Banter may spill over to more serious incidents between two sides with a simmering and chequered history of the beautiful game.   Especially if American starts to beat their old rivals on a regular basis.

Where and when is the match?

USA play Mexico in the 2018 FIFA World Cup CONCACAF final round of qualifying Friday, November 11, 2016.  Kickoff is 7.45 PM ET or 11.45 PM GMT. 

The venue is MAPFRE Stadium; Columbus, Ohio.  FS1, and Univision are showing the match in the US.  The sponsor is AT&T.

Jurgen Klinsman has called up 10 Major League Soccer players as part of the 26 man squad.  Tottenham Hotspur defender Cameron Carter-Vickers gets his first senior appearance. Also in defence DeAndre Yedlin (Newcastle) makes the roster. Other players who also play English Premier League include goal keeps Brad Guzman (Middlesborough) and Tim Howard (who left Everton earlier this year and now plays for Colorado Rapids).  In midfield Lynden Gooch (Sunderland) makes the roster.

First generation American Citizen Michael Orozco who plays for Tijuana (Mexico) may also make the team.  His parents where born in Mexico but he was born in the USA.  Does he worry about getting kidnapped if he saves vital goal attempt from a Mexican striker in the final minutes of the game? It’s not unheard off.

Mexico’s roster does not include any players currently playing in any English leagues, however, there are 12 players currently playing for European clubs.  Including Johnathan Dos Santos (Villarreal), Andres Guardado (PSV Eindhoven ), Hector Herrera (Porto),  Raul Jimenez (Benfica) and Javier Hernandez (Bayer Leverkusen).

Prediction?

Considering the list of Mexican players in top flight European Clubs this is easy; Cero a Dos, naturalmente.  Hasta Luego Estados Unidos.  In spite of this match USA and Mexico are both likely to qualify for the 2018 World Cup because the top two teams from CONCACAF members will go through to the next stage. 

Betting odds available at Betfair. Readers may also be interested in our Matched Betting review featured on the Let’s Compare Bets.com blog.

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Hilliary Clinton is a dead cert to become the 45th President of the United States, or is she?

What a US election campaign this has been. Down right abusive and populist politics from Donald Trump has fired up the media giving the 2016 US presidential election massive coverage. If more people are watching then more people must be voting. Not a bad achievement from the populist, sexist, perhaps misogynistic billionaire. Trump has been portrayed as a three legged horse, but is he?

Trump card

In reality Donald Trump doesn’t have any Trump cards. He’s just using a dirty tactics campaign against Clinton using the throw enough dirt at it routine and surely some will stick. Many just believe his campaign methods have just been embarrassing. To be fair it’s been cringe worthy for anyone watching it on TV. Nevertheless Trump has created an unbelievable amount of publicity and has spent less than half of what Clinton has spent. Clinton is going to be so pissed if she loses. Clinton is winning the money race but she might not win the election.

When is the final election day?

November 8th 2016.

A very brief comparison

Trump has plaid dirty. Resorting to insults and using an FBI probe into emails that Clinton sent to another politician, who by the way was embroiled in a sex scandal. A FBI investigation has been opened again and who knows if the results will be in before the big swing states get to vote. Of course the emails didn’t contain any important information and the whole issue is a bit of nonsense.

Clinton has responded in kind by bringing up media footage of Trump saying sexist things about women years ago and she not playing the populist I’m a common man (because she can’t as she would be the first women president in history) card that Trump is using.

So far so boring, but, what about policies.

Clinton is playing the steady as she goes hand and will be continuing the course set by the current democratic administration.

Trump is being a bit more radical. His economic policies would force radical change in America. He wants to build a wall between the USA and Mexico possible a play on raising the issue of Mexican illegal immigrants. The Federal Reserve needs inflation and they are not going to get it with lots of cheap labour flooding their southern borders. Building a wall is totally crazy and probably the most idiotic thing Trump as said. Trump interestingly wants to pull troops back from the many countries where they are currently bombing and prefers to be onside with Putin. So far as saying that if Putin wants to reassert Soviet era agenda’s in his own back yard then who gives a fig. Some may see this as Trump being weak and some see it as sound economic policy giving that USA can not afford to wage wars on so many fronts. Wars which have not been signed off as Wars by congress because the don’t meet the definitions.  A Trump win would also produce bigger shock waves for financial markets so anyone with money going into that casino may want to watch and wait!

Without even realising it this post contains more words about Trump than it does about Client. The BBC and American Networks are guilty of this too. No one expected the UK to be leaving the European Union either, but it happened. Our recommended bookmaker for political betting is Betfair because you can bet that Hillary isn’t going to win. Her odds are very short making her a dead cert. If the odds narrow there is a winning opportunity. Betfair has a ‘ cash out ‘ button allowing members to exit the bet even before the result is decided giving a win win situation. It’s unlikely her odds will get any shorter (indicating she is more likely to win), so, members can exit for a break even or some nice profit, simple. Or go for an outright gamble, either way it’s going to be a exciting result.

Check out Betfair and get a free bet for signing up. Go to Betfair now.

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Who would want to revive the 1970s?

Jeremy Corbyn, has been well known during his long political career to have rejected wearing a tie. Only since he landed the job of leading the Labour party has he started wearing one. Tellingly he also wears corduroy, not because he wants to look like a school teacher or that he, like corduroy, is durable yet soft, but as a subtle indication as to his political leanings.

Fashion styles can be used as a leading indicator for stock markets and the economy (an indicator of what the future holds). It just so happens that corduroy is making a come back. Among a diverse and long history spanning hundreds of years corduroy was a symbol of the anti-establishment movement in the 1960s and 1970s.  Historians who support and defend the 1970’s defend the quirky fashions and time when recorded music was central to cultural changes.

Radical politicians are back in fashion and the odds have increased that what seems like radical political ideas will cause the UK to repeat history. Citizen Smith (character from the 1970s British TV series) would be proud.

Labour started their decidedly socialist and popular political rhetoric during Ed Miliband’s election campaign. Rail fares and energy prices would be frozen, and, a possible scaling back on Great Birtain’s NATO commitments. Indicating that the political landscape is changing in the UK these manifesto pledges where offering voters something new.

Power to the people

An oft used slogan which gained traction in the United States and was used in the title sequence of Citisen Smith, the 1970’s TV series. American teenagers would use the slogan as a form of rebellion against the older generation, especially the establishment.

No surprise then that Jeremy Corbyn is campaigning heavily to the younger generation. A generation annoyed at poor job opportunities and even lower prospects of increasing pay. Pay increases sufficient enough to pay off their university debts. O Jeremy Corbyn was at Glastonbury of all places to rally Britain’s youth. Labour placards also regularly feature outside music festivals.

The same slogan was came to fame in the 1960s as pro-democracy students used it to protest against the Vietnam War. A costly war that heralded a difference economic period in the USA. The counterculture at the time adopted John Lennon’s songs in the anti war movement (viz Power to the People 1971, written and performed by John Lennon).

Jeremy Corbyn has upped the ante on socialist policies and is returning the Labour party to old Labour. Policies suggesting a revival in 1970s politics include.

  • Bringing more NHS services under government control.
  • Re-nationalising public utilities like the Royal Mail and energy companies
  • Creating the ‘people’s railway’
  • Price caps on energy
  • Plans to pass more power to unions and impose price caps on firms doing work for the Government.
  • Restrictions on calling strikes would be scrapped.
  • Massive spending increases funded by large taxes on corporations and the ‘rich’
  • A pledge for rent controls.

Karl Marx eat your heart out. Mr Corbyn regards Karl Marx as a great economist, something he said on the Andrew Marr Show. Marx is one of the founding fathers of radical socialism. Full of ideologies that have never really worked in a real world environment, but, only in the Ivory Tower of philosophical thinking.

Tereasa May’s feathers where severely ruffled during the last election where the conservative party lost it’s majority.  May is now getting in on the act with planned price caps on energy companies and rail fares, although, they would be implemented in a much more market friendly way. Tereasa May dislikes the unacceptable face of capitalism and wants to hand more power to workers by tackling some of the inequalities in the system such as high executive pay.

Weighing up Tereasa May and Jeremy Corbyns policies and policy pledges, Mr Corbyn is the politician most likely kick off a decade of 1970’s type politics. Our view, at LetsCompareBets.com, is that this is a genuinely well meaning, but probably caused by a misguided notion of National duty with a peppering of opportunism.

So what was up with the 1970’s?

A decade where the nation was in flux. It was a difficult time for young people who where hurt by the sharp end of a recession and unemployment. Stanley Kubrick directed A Clockwork Orange in 1971 (for a reason!).

A period of economic stagnation that put an end to the general post World War economic boom. Known as a period of stagflation where people could not find jobs at a time when prices (of staples, food, energy and transport) where going sky high. People with jobs got large pay rises to keep pace with inflation which reinforced the problem of rising prices.

Three day working week anyone?

Trade Unions had more power than they do now. Due to the miners strike announced December 1973 a three day working week was imposed due to worries over power shortages.

A large trade deficit was accompanied by inflation that peaked at 20% and quickly rising national debt.

Strikes continued to bring the economy to it’s knees and unemployment quickly increased further. Heralding what is known as the Winter of Discontent. Westminster City Council had to use public parks to pile up all the waste that striking waste collectors had left sat outside peoples homes. It wasn’t just the streets filling with rubbish: Schools closed and the dead where left unburied.

Essentially the Government was a massive employer through all the nationalised industries and was held over a barrel by the trade unions. The haves kept a low profile and the have nots got seriously pissed off.

Generally speaking the end of 1970’s where a period of de -leveraging where the United Kingdom had to sort out it’s debts and feel some pain before the economic cycle climbed the other side of the hole it was in. Politics of this period undoubtedly made the process much worse than it needed to be.

Inflation of 20% caused high interest rates in turn causing property prices to collapse which triggered a secondary banking crisis. The top 30 companies in the FTSE stock market saw share price declines of 73%.  The stock market whipsawed back and forth for the rest of the decade.  A sterling crisis was triggered because international markets didn’t want to see the foreign currency reserves destroyed by high inflation.

What is proposed now that makes it all look like a return to the 1970’s?

Free markets are supposed to look after themselves and there are periods of expansion and wealth creation, and periods of contraction. Government is kept at arms length but can use regulation, incentives and giveaways in order to manipulate the economy to benefit sections of society that need a break. Meddling with prices and controlling whole industries centrally (like Mr Corbyn has suggested) distorts the market and leads to more trouble down the road. Money isn’t allocated in the right way, for instance,cap prices and investment seizes up.  When the price cap is removed prices jump much higher to offset the period of under investment. Services suffer. Think energy crises, transport system without the correct safety measures, a tax consuming monster of a public health service, and a shortage of rental property (because landlords are discouraged from investing in properties to let). More and more demands on taxes that just are not being collected due to unemployment, inflation and strikes.

What is the difference now?

Inflation is kept under control by our open borders (something we will lose to some extent with the current trajectory of Brexit talks), globalised supply chains, international finance, and technological progress. Brexit may be seized upon as an opportunity to ride the coat tails of a reinvigorated global economy by allowing the UK to cut trade deals with the rest of the World.

We have not had an oil crisis, like there was in the 1970s. Fuel prices have dropped dramatically from the highs seen before the last economic crash, in turn taking many inflationary pressures out of the system. Food prices are nicely under control due to supermarket price wars and German discount retailers disrupting markets.

Economists ,politicians and central bankers have more powers to engineer better economic outcomes than anyone in the 1970’s was ever able to do. Potential flies in the ointment include flash points that cause key players in the system to stop playing ball. These include trade wars primarily between the USA and China, further tension between the USA, Russia and China over the Korean peninsular. The global economy may not look nearly as welcoming if major trading partners are in the middle of major geopolitcal spats.

Who’s going to win the next general election?

Polls indicated a major Labour wipe out in the last election and the conservatives where on track to win a majority. A shock early election (pre Brexit) called by Tereasa May designed to strengthen her mandate for Brexit, had the opposite affect and severely weakened her position. A conservative majority was just a dream and the Brexit negotiations just got far more difficult. Now hard Brexit is firmly underway odds of a Labour victory next time round just got shorter.

But seriously, who would want to go back to the 1970’s! People don’t have much power if they can’t get a job, worry that they’ll be able to keep the lights on, and have their rubbish is building up on the door step. Surely Mr Corbyn can not be rallying a section of society who stands to lose the most by his policies.

Odds for who is going to be the next Prime Minister after the general elections show David Davis favourite at 5.8 with Jeremy Corbyn not fair behind at 6. I can see Mr Corbyn’s odds shortening as Brexit Negotiations progress, but, I would bet on Mr Corbyn becoming the next PM. There will be plenty of time before the next general election as the conservatives will want to kick that particular can down the road for as long as possible. Tereasa May isn’t currently in the running, but it may not be wise to write her off just yet.  Our preferred bookmaker is Betfair where you can back or lay your opinion and cash out at any time.  Visit Betfair to get the information.

Interested in a different angel to take at playing the political upheaval? There are two companies who’s share prices have been negatively affected by recent political rhetoric.  Buying shares off Royal Mail and SSE would be like taking a bet that Mr Corbyn would not win the next general election without that part where you would lose all your stake if he does win.

Royal Mail are currently having problems with the workers union over pension entitlements, and SSE, the energy company, face prospect of energy price caps. Both pay high and sustainable dividends. With a conservative victory negative sentiment over political risk would be removed which could be positive for the share price. Not interest in Shocks and Scares? Then check out our Profit Accumulator review, another way to think outside of the box. Visit our Profit Accumulator review.

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