Betting exchanges, led by Betfair, have turned the sports betting industry on its head by creating a worldwide betting club where members can place bets person to person without a bookie in sight. This has created a new age of empowerment for the punter with value, variety and opportunity that previously could only be dreamed of. We start off this section with a look at the betting exchanges themselves, with a commission and features summary of the major sites. Betting exchanges can be used on any level which we explain looking at the basic opportunities that even the least adventurous gambler can take advantage of such as laying and value betting. We also look at the new type of betting known as sports trading which has come about as a direct result of betting exchanges. We also touch on betting arbitrage, which enables punters to take advantage of market imperfections to place risk free bets. Finally we feature our top ten tips for a successful exchange betting strategy, which we have put together from the thoughts of several of the betting exchange professionals who write for Bet Exchange News.

◘ Introduction

- Background
- How do they work?
- Which betting exchange?
- Is my money safe?

◘ New opportunities

- Betting exchange basics
- Lay an outcome
- Value betting
- Variety of bets
- Big rollers and winners
- The downside

◘ Advanced betting exchange techniques

- Overview
- Trading
- Creating books
- Arbitrage
- Betting exchange resources

◘ 10 top betting exchange tips