TradeBetX.com is an online betting exchange (person to person betting) where you can be the bookie to other players. Bets are placed not against the sportsbook but against other players. At TradeBetX.com, odds are often better than 20% and there's a 75% rebate on all horse racing fees. TradeBetX.com has been featured on CNN, FOX, CNBC and more and has so far wagered over $300,000,000 to date.
Exchange betting allows bettors to bet for or against selections in an event with each other. It removes the need to pay the bookmaker's margin or the pari mutuel deduction. It has caused something of a stir and is growing in popularity day by day as individuals recognise the better prices, which come as a matter of course.
TradeBetX.com has proven to be high ranking in superb customer service and provides fair play as well as top security features. They are also known for their very reliable and fast payouts.
TradeBetX.com, is a person-to-person trading "Exchange". It allows you to trade in the most innovative, transparent and fun way on sporting, entertainment and similar events.
Trade Bet X members trade directly with each other, bypassing the Sportsbook. When you trade sports you are pitting your wits against an other member of TradeBetX. TradeBetX.com provides the platform whereby players can wager between themselves without paying a Sportsbook margin or vig. The winning player will receive the profits, the losing player pays the loss. Learn more about why Trading Sports is better than betting with a Sportsbook.
With no vig, no juice, no artificial spread, TradeBetX.com charges a fixed $.04 transaction fee per matched transaction bet/lot that you trade. Odds/Prices on TradeSports are usually much better than those available elsewhere, as the prices are established by you and other Trade Bet X members at prices you want to trade at.
Trade Bet X has long-term offers like "who will win the March Madness tournament" and short term offers like "who will win tonight's game". All major sporting, entertainment and political events are covered.
Incorporated and authorized in 2002 to offer its services, TradeSports Exchange Limited is a Dublin based Republic of Ireland limited company. The Allied Irish Bank provides banking facilities. The company auditors are PriceWaterhouseCoopers.
The advantages of using the Exchange include...
- Value: Exchange members give better prices than a Sportsbook
- Lowest Trading Fees: Trade unique liquid contracts for $0.04 / lot
- $50 Free Trade: Lose your first trade, TradeBetX.com will refund you up to $50
- Deposit & Referral Bonuses
- Digital Odds
- Members of Trade Bet X betting exchange bet against each other not a sportsbook.
- Members benefit from the best odds, generally 20% better than a sportsbook.
- Take the odds offered by other members or be the bookmaker & set your own odds.
- Straight bets or bet live "in-running" for added excitement through to the final whistle.
Exchange Styles:
- US Sportsbook -This format presents our betting opportunities in a traditional sportsbook style layout.
Odds are listed in Moneyline format.
- European Betting Exchange - This format presents the betting screens in a similar layout/style to the betting exchanges popular with European customers.
This format uses Digital Odds.
- Binary Betting - This style is most similar to that used on Tradesports trading exchange. Betting propositions are traded here similar to futures contracts. Odds are in 0-100 format.
About Digital Odds
Odds are quoted on TradeBetX.com in either 'Moneyline' or 'Digital' Odds. Digital Odds differ from the Odds traditionally quoted in that they include your stake money as part of your total return. If you place a bet of $20 at Digital Odds of 5.0 and win, then your total return (including stake) is $100, returning to you winnings of $80 plus your original stake of $20. In fractional odds this would be quoted as 4/1 or +400 moneyline.
Digital Odds are simpler to use than Traditional Odds, and are the most common form of Odds quoted in countries outside the US. In addition, for the mathematically minded, Digital Odds relate more closely to probability: in a race with four equally matched horses, the probability of each horse winning is 25%. Each horse will have Traditional Odds of 3/1 or Digital Odds of 4.0. Hence, the probability of an outcome equals 1 divided by its Digital Odds (1 / 4.0 = 25%).
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