Orbit Exchange is a betting exchange platform that allows players to bet against each other, rather than against a traditional bookmaker. It is built on the Betfair API and offers many of the same features as Betfair, such as the ability to back and lay bets, cash out early, and view live streaming of events. In this article, we look at the benefits of betting against other players on Orbit Exchange.
Benefits of betting against other players on Orbit Exchange
There are several benefits of betting against other players on Orbit Exchange, including:
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Greater market liquidity: By betting against other players, you are creating a more active market, which can lead to greater liquidity and more opportunities to place bets.
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Better odds: When betting against other players, the odds can be more favorable compared to betting against a bookmaker, as the market is determined by the actions of other players rather than a fixed set of odds.
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Increased control: When betting against other players, you have greater control over your bets, as you can choose when to place them and at what odds. This can allow you to take advantage of market fluctuations and capitalize on opportunities as they arise.
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More social: Betting against other players can also be more social, as you can interact with other bettors and gain insights from their strategies and predictions.
Read More: Orbit Exchange Commission
Difference between Orbit Exchange and Betfair
One of the main benefits of Orbit Exchange is that it allows access to the Betfair exchange markets. This can offer better odds and greater market liquidity compared to traditional bookmakers. Additionally, Orbit Exchange offers a user-friendly interface, fast and easy navigation and multiple languages supported.
Aside from being one of the best sports betting exchanges, Orbit x Exchange also provides a range of tools and features for advanced players,. These include the ability to create and customize your own automated betting strategies, and the option to use third-party software. It also prides itself in having a fast and responsive customer service.
Read More: Orbit Exchange Cash Out, sports, and commission
It’s worth noting that Orbit Exchange is not operated by Betfair, but it uses Betfair’s API and allows access to the same markets and features.
Orbit Exchange and Betfair are both betting exchange platforms that allow players to bet against each other, rather than against a traditional bookmaker. However, there are some key differences between the two platforms:
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Access: While Betfair is available in multiple countries, Orbit Exchange is primarily focused on the Asian market and may not be available in certain regions.
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User Interface: Orbit Exchange has a user-friendly interface and easy navigation, while Betfair can be more complex and overwhelming for new users.
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Features: Both platforms offer similar features such as the ability to back and lay bets, cash out early, and view live streaming of events. However, Orbitx Betting also offers additional tools and features for advanced players such as the ability to create and customize automated betting strategies.
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Commission rates: Betfair charges a commission on winnings, while Orbit Exchange charges a flat 3% commission per bet.
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Customer service: Both platforms have responsive customer service, however, Orbit Exchange pride itself on having a faster response time.
Read More: How to sign in/ log in to Orbit Exchange sites, benefits, charges
In summary, both Orbit Exchange and Betfair are reputable and reliable betting exchange platforms, but they have their own unique features and target different markets. However, there has been a wave of positive Orbit Exchange reviews that has driven more bettors to the platform.
Additionally, the lower commission rates and the lack of any premium service charges on the Orbit Exchange platform make it a more viable option for punters looking to save money. Also, Orbit Exchange is one of the best betting exchange sites at the moment. Despite covering many sports, betting on Orbit Exchange cricket is perhaps the most popular choice.
Read More: Maximize betting profits with Orbit Exchange: How to log in, sports betting options, & benefits
What are back and lay bets in Orbit Exchange?
In a betting exchange like Orbitx Bet, users can place two types of bets: back bets and lay bets.
Back bets: A back bet is a traditional bet where a user predicts that a particular outcome will happen, and if it does, they will win the bet. For example, a user might place a back bet on a football team to win a match. If the team wins, the user will win their bet.
Read More: How to place back bet on Orbit Exchange?
Lay bets: A lay bet is the opposite of a back bet. Instead of predicting that a particular outcome will happen, a user is predicting that a particular outcome will not happen. For example, a user might place a lay bet on a football team to lose a match. If the team loses, the user will win their bet.
Read More: How to place a lay bet on Orbit Exchange?
By offering the ability to place both back and lay bets, betting exchanges like Orbit Betting Exchange allow users to act as both traditional bettors and bookmakers. This creates an active and liquid market. Users can place bets not only on the outcome of an event but also on its non-outcome. This allows for more flexibility and opportunities to make a profit. This has led to positive Orbit Exchange reviews by many punters from several countries where it’s available.
FAQs
Q. How does Orbit Exchange work?
Ans. Orbit Exchange is a betting exchange platform that allows users to place back and lay bets on a wide range of sports and markets. Users can act as both traditional bettors and bookmakers, creating a more active and liquid market.
Q. Is Orbit Exchange available in my country?
Ans. Orbit Exchange is primarily focused on the Asian market, and may not be available in certain regions. It’s best to check the Orbit Exchange website to see if it’s available in your country.
Q. What are the commission rates for Orbit Exchange?
Ans. Orbit Exchange charges a 3% commission on winnings. The commission rates could vary depending on the sport and market you are betting on.
Q. Can I use third-party software on Orbit Exchange?
Ans. Currently, users will not be able to download any Orbit Exchange app or software. The exchange, however, provides a range of tools and features for advanced players to create and customize their own automated betting strategies.
Q. How can I contact customer support for Orbit Exchange?
Ans. Orbit Exchange customer support can be contacted through email, phone, or live chat on the website.
Q. What are the deposit and withdrawal options for Orbit Exchange?
Ans. Orbit Exchange accepts a variety of deposit and withdrawal options, including credit/debit cards, bank transfers, and e-wallets.
