It is quite likely that those who are into online gambling, betting, and other such activities would certainly have come across the name Ladbrokes.
The company is quite old, and they have been around for more than 100 years, and that really is a long time for any organization leaves alone those who are into betting and gambling.
As far as brick and mortar gambling is concerned, you are most likely to come across Ladbrokes across the country including in small towns and villages.
They have grown tremendously and offered some of the best free bet offers which could be as high as £50.
However, in this article, we will try and have a look at another aspect of this online casino services provider, and that is Ladbrokes Exchange.
One needs to have some rough idea about exchange betting, and only then it will be possible to have a clear understanding about Ladbrokes Exchange and the kind of exchange platforms they offer.
Put in plain, and simple words, it is a great way to bet, and it allows the players with different opinions to bet on a single event.
Therefore, in another word, it is a platform where players bet against one another. This allows customers to have more control as far as their bets are concerned.
They also go for greater choice, and the best thing is that it can be possible without having to take the help and services of a bookmaker.
How Does It Work on the Ground?
The customer has the flexibility of using betting exchange in many ways. You have the option of choosing any number of options.
It allows the players to bet at much higher odds than what are displayed at any given point of time. This certainly goes a long way in helping the players to exercise greater control over the odds which you are ready to accept as a player.
This also might help you to decide whether you have a good value for betting. A customer will also have the facility of trading into a profit zone even before the start of an event. It will also help them to bet against another user when an event is taking place.
This will go a long way in making the entire experience quite enjoyable in more ways than one. For all these services, Ladbrokes will charge a small commission which is worth paying under any circumstances.
How to Make Use of the Ladbrokes Exchange?
There are quite a few ways by which it is possible to place a bet using the exchange platform provided by Ladbrokes.
Going through a suitable Ladbrokes Exchange review article will most probably be useful. However, we will try and explain a few basics as to how this platform can be used as effectively as possible.
To begin with, you have the choice of placing a simple bet. This is quite easy, and all that you need to do is to back a specific selection and predict that it will win.
This could be based on the best odds available and based on it, you can click on the various odds that are displayed. These are basically found in the blue back box.
The bet slip will get the display, and they will be visible as soon as your stake is entered. This will also help you to find out the return you can expect in case you happen to win.
Backing Something Not So Favorable
If you wish to lay a selection or backing something which will not win, all you have to do is to click the relative odds. These are usually found in the gray box.
Once you do so, you will get the bet slip, and you then have the facility of entering the amount that you want to win from somebody else. This is also referred to as backer’s stake.
This figure is the earning which you make, and the commission payable to Ladbrokes Exchange will be deducted from it.
Ladbrokes will also allow you to verify the selections which you make and only then you will be confirming your bet. This level of transparency is something which makes them a cut above the rest.
You Can Have Better Odds
In case you decide to make an offer because you feel that you have better odds than what the bookmaker offers, this is also possible using this exchange.
You need to follow some simple steps whereby you can get going to the next step. You have click on the odds which are displayed, and this will enable the appearance of the bet slips.
You have to simply change the odds which you think are better as far as you are concerned. Your offer may not get matched immediately, but it can be amended at any time till such time the market closes for the day.
Some Information about Commission Rate
As mentioned quite a few times above, there is a commission payable to Ladbrokes Exchange depending on the net winnings.
Hence, it would be interesting to have a look at the same. The commission structure is designed in such a way that the more you bet, the lower your commission will be. Further, you will not be paying any commission for bets which you might have lost.
The standard commission rate is 5%, and this can come down to as little as 2% if you are regular in using this exchange platform.
If you win or lose £25 in your betting, you also get to earn a point. Depending on the points you have earned your commission amount will also get reduced.
In-Play Betting Is Also Available
It also would be pertinent to mention that Ladbrokes also has a provision of in play betting and it covers almost all the major and popular sporting events.
To ensure that there is uniformity across all users and platforms there could be some time lag when it comes to using this facility.
Further, it would be pertinent to mention that they use the latest Push Technology to make this exchange a great medium to be in.