Linebet exchange

The Linebet website presents bettors with various services that can meet all their needs. On the site, users can enjoy multiple casino games, win real money and make predictions for the most popular sports, including esports disciplines. This article will discuss the Linebet betting exchange and analyze how it differs from a bookmaker.

Linebet exchange: what is it

Before you tell us in more detail what the Linebet betting exchange is, it is necessary to clarify: there is no section with this service on the company’s website. An alternative is a full-fledged bookmaker with sections “Sports”, “Live”, “Cyberline” and “Virtual sports”. They present many events and outcome options available daily for betting. In addition, a number of bonus programs are provided for betters to help them gain the necessary experience and get additional profit.

For example, to receive up to 100 euros as a welcome bonus, you need to enter the LineBet Promo Code ISPORT in the corresponding field of the registration form.

So, on a traditional betting platform, the client logs into a personal account, finds a mast with a fixed coefficient, chooses an outcome option and bets against a bookmaker. As a result, if the user’s prediction wins, then the online institution loses and vice versa.

Other rules also apply. There are no coefficients fixed directly by the company. Instead, you set their numerical values and then post them on the site. Then you need to wait for the client who is ready to make a forecast opposite to yours. In fact, on exchange platforms, bets are made in a dispute between two players.

The question arises: how does a virtual institution that provides such services earn? Unlike standard bookmakers, exchange services do not include a margin in the coefficients. This gap is filled by a modest commission charged on the profit received by the betterer for the bet played. Usually, the amount of income tax does not exceed 5%. Over time, the percentage of the commission charged for particularly active players may be reduced.

Linebet exchange: betting options

If the Linebet exchange was available on the website, then it provided such betting options as:

• «Back».
• «Lay».

In the first case, the client finds a sports match, studies all the offers and then chooses a multiplier suitable for himself and makes a bet. In the second case, the client discovers an offer on the market that, in his opinion, will not play and makes a bet. In these situations, the one who places the bet acts as a bookmaker with whom the other participant enters into a dispute. Thus, if you win, you take your opponent’s money, and when you lose, he gets your wagered funds.

Linebet exchange: advantages and disadvantages

Separately, it is worth telling what advantages and disadvantages a Linebet exchange could have. The positive aspects include:

• Having the best chances. As noted above, people bet among themselves on exchanges. They have the opportunity to set the desired quote for the selected event. As a result, the odds set by users often turn out to be better than those offered by bookmakers. Thus, you can earn more money in case of a successful forecast.
• No limits. Unlike a bookmaker, there are no restrictions on the number of bets on exchanges, where a minimum and maximum bet size is set for each event.
• Payment guarantee. Exchange services do not have capital and cannot become bankrupt. Only user funds are responsible for the formation of the financial flow on these platforms.
• Convenient analytics. Players can view the totals already transferred to specific match outcomes.
• Presence of arbitration. Quotes change very quickly on stock exchanges. Therefore, there is a separate category of players who earn on coefficient fluctuations.

In addition to some positive aspects, there are also disadvantages that customers will not encounter in a bookmaker. The list of disadvantages of the exchange is as follows:

• Availability of various liquidity. We have already said that in order for the bet to take effect, you need to wait for a betterer who is ready to accept it and enter into a dispute with you. Therefore, it may happen that you want to predict a team participating in an unpopular championship. Then you will have to wait several hours to find a bettor who is ready to accept a bet on the specified conditions. Perhaps there will not be such a player at all.
• Payment of fee. As mentioned above, a small percentage of the commission is charged from each client’s winnings. Therefore, sometimes it will be more profitable to place a bet with a margin in a bookmaker’s office than to pay tax on an exchange platform.
• Presence of “bots”. Experienced users of exchanges often use special programs that produce automatic trades on the market, thereby engaging in speculation and adjusting the coefficients in their favor.

Summing up, it is worth saying that this article describes how the Linebet betting exchange could look and work. Even if it is not on the site, this does not prevent the company from presenting other services that allow you to earn real money by making forecasts for sports, politics and even the weather.