A betting exchange is not as widespread a concept in Denmark as bookmakers, but they do exist. The whole concept of a betting exchange dates back to around the turn of the millennium, so you might already know a little bit about it.
As the name suggests, it is an exchange with games. This means that it is a form of stock exchange with odds that you can bet on. With a betting site in the form of a well-known bookmaker, you bet on the odds that they put up. When you play on a betting exchange, you can be the bookmaker yourself and sell odds to other players on the site.
On a gaming exchange, you play against other customers, and that removes a certain margin. Here we are thinking of the margin that a traditional bookmaker takes to run their business. Therefore, this could mean that there could potentially be a better theoretical repayment percentage of up to 95% at a gaming exchange.
Although there is not the margin that there is normally with a bookmaker, of course you cannot get all the money at a betting exchange. Otherwise, it wouldn’t make sense for them to run the business. In Denmark, there is a commission of 6.5% on the net profit at a gaming exchange. While that may not sound like much, it could potentially add up to quite a bit. This is especially true if you play a lot of sports online.
Whether a betting exchange is better than a bookmaker is perhaps a matter of taste and preference. However, we can see due to the lack of popularity of betting exchanges of bookmakers are probably most popular, at least in Denmark.
A betting exchange is largely dependent on supply and demand for odds. If it is missing, it means that there is a lack of odds. It can also mean that the odds available are not particularly attractive. All of this leads in repeated cases to a gambling exchange having to fight for survival in Denmark or to turn the key.
However, there are several bookmakers who have chosen to revolutionize the market with a combination of both. There are several betting sites that both post their own odds and give users the opportunity to sell odds on their betting exchange. If you are happy with both, this may therefore be the right solution for you. It is up to you to decide.
Disadvantages of betting sites
disadvantages icon In general, it is difficult to say whether there are disadvantages to bookmakers. It probably mostly depends on whether you are into betting or not. Certain betting sites may have disadvantages compared to others.
Here we are talking about the factors that make certain betting sites better than others. First of all, you should keep an eye on ease of use. It should be easy to place sports bets with a bookmaker online. Most bookmakers have search functions, lots of interactive graphic elements and generally a good design which makes betting easy and it should be. If you have to spend time finding what you’re looking for, you probably won’t enjoy the gaming experience.
Many users also go for betting bonuses online. Here it is important that you pay attention to the bonus conditions. There is a clear disadvantage to the gaming sites that have unreasonable bonus conditions. It could be, for example, high play-through requirements and/or a short time to fulfill terms and conditions. When you play on betting sites with a Danish license, you are always guaranteed that the play-through requirement is a maximum of ten times. It is a rule that the Gambling Authority has set in favor of the Danish tipsters. In fact, there is so much competition among all the best betting sites that you can usually find bookmakers with playthrough requirements of only 6-8 times. Among other things, they are on our list of the best betting sites in Denmark further up.