Welcome to BetX!
BetX is a unique betting exchange with player accounts based on a membership subscriptions - a fixed low monthly cost!
So you pay zero commission on your winning bets.
With BetX your bets are placed as Orders - order the bet you want and the price you want. Your bet order is then listed as the opposite bet which can be Taken by other players.
Bet Types currently available are:
| - Home Win |
| - Draw |
| - Away Win |
Or you can bet on the opposite bet types:
| - Not Home Win |
| - Not Draw |
| - Not Away Win |
Also Asian Handicap and Over / Under Bets are available.
For example, for the Football Match A v B, you can place a bet order on a Home Win (1) and choose your odds and stake - let's say 3.200 and $5.
If correct, this bet will result in a Win of $16. A net profit of $11.
Your bet will need to match an opposite bet order from another player - in this case the opposite bet will be Not Home Win (X2).
The odds for the bets Y and Z are related using the following formula:
which makes Z = 1 / (1 - 1 / 3.200), so Z = 1.455.
So in order to payout the net profit of $11, the opposite bet stake will need to be $11, that is the amount that will be lost if the first bet wins.
Now check the maths.. if the opposite bet wins, the win amount would be $11 * 1.455 = $16. Subtract the stake of $11 this gives a net profit of $5 - which is the stake from the first bet. Cool..
That's the whole BetX ethos - Match opposite bet orders with no margins and no commissions.
FYI a traditional Sportsbook will make a margin between the odds. This can range between 2% and 8% BetX has a 0% margin.
For example, on a leading Sportsbook you will see odds of 3.200 and the opposite odds of 1.300. To calculate the margin, 1/3.200 + 1/1.300 = 1.082. This means the Sportsbook is applying a margin of 8.2%.
On other betting exchanges, you will usually pay a commission of 5% on your winnings. This is how they make their income. With BetX the company income is based on player subscriptions, so BetX can offer 0% margins and 0% commission on your bets - you get TRUE ODDS and REAL RETURN!
Please remember! This is a TEST website! No real money involved!