Other Betting Websites
If you’re interested in placing ‘lay bets’ as well as the more traditional ‘back bets’, then you will need to look for an online betting exchange rather than a traditional online bookmaker.
Best Betting Website
Online betting exchanges differ from traditional sites in that they allow punters to bet against one another and it is this which makes both types of bet possible.
Best Betting Exchange: Betfair vs Betdaq
Bovada is a trusted online gambling site offering sports betting, poker, casino games and betting on horse racing. Join today to claim your welcome bonuses!
There are only two main exchanges worth considering, Betfair and Betdaq, and the major differences between these are explained below:
- A proper betting site should offer 95% to 97% payout on the main WDW market. Some of the betting sites in Kenya that offer such high payouts on this market include 22bet and Sportpesa. In addition, the sites should offer high odds on other key markets such as Both teams to score/gg and Over/Under market. A good betting site should be able to provide high odds across all sports and betting.
- Over time, other sites started to expand beyond esports betting and instead offered betting on games of chance. Jackpot-like sites were introduced, where users can put their skins into the pot, which will end in one person winning. The higher total value, the more chance the user would have to win.
| Feature | Betfair | Betdaq |
|---|---|---|
| Liquidity | As by far the largest betting exchange in the world, Betfair’s liquidity is second to none. Their high volume of punters ensures excellent liquidity for popular events and even smaller events still boast better liquidity than can be found elsewhere. | As the second largest exchange in the world, you might expect Betdaq’s liquidity to be almost as good as Betfair. That is unfortunately not the case, however, as Betdaq are still far smaller than their main rival and as such you may struggle to get your bets on when it comes to lesser events. |
| Range of markets | Users of the Betfair Exchange can choose between upwards of 25 major categories of market. These include almost every sport under the sun as well as other special events. Numerous competitions are covered for the biggest sports and even smaller events boast a large number of different types of market. | Users of the Betfair Exchange can choose between upwards of 25 major categories of market. These include almost every sport under the sun as well as other special events. Numerous competitions are covered for the biggest sports and even smaller events boast a large number of different types of market. |
| Live Streaming | Horse racing and some other sporting events (including football) can be streamed live through Betfair Live Video. The available sporting events are free to view for all customers with a funded account, whilst horse races can be watched if a customer has placed a minimum £5 matched bet on that race. | Horse racing and greyhound racing only, with races available to be watched by customers who have placed a bet of at least £0.50 on the races. |
| Promotions | My Betfair rewards program offering the chance to earn bonuses and free bets every month of up to £100 in value. | Promotions rarely offered – currently zero running. |
| Opening Bonus | £100 free bet bundleNew customer offer. Place 5 x £10 or more bets to receive £20 in free bets. Repeat up to 5 times to receive maximum £100 bonus. Min odds 1/2 (1.5). Exchange bets excluded. T&Cs apply. | Up To £1,000 Cash BackUp to £1,000 commission back at the end of the first 30 days as withdrawable funds. Standard 5% commission rate applies. Not available to API, RDT or Trading Tool customers. 18+. T&C's apply. |
What is an Online Betting Exchange?
Now that you know the main differences between the two biggest betting exchanges around, it is worth taking a moment to consider just what is meant by the term ‘betting exchange’. In essence, a betting exchange is a forum in which punters can bet against one another and therefore can place one of two different types of bet.
What Is Back Bet?
The first type of bet possible through a betting exchange is a ‘back bet’. This is essentially the same as a traditional bet, in that you are betting that something will happen. You might bet, for instance, that Manchester City will win the Premier League, that Lewis Hamilton will win the next F1 Grand Prix or that snow will fall in London on Christmas Day.
What Is A Lay Bet?
The second type of bet available through a betting exchange, meanwhile, is a ‘lay bet’ and this is something very different entirely. In fact, it is the opposite of a ‘back bet’ in that you are gambling on something not occurring. Such a bet, therefore, might be that Manchester City will not win the Premier League, that Lewis Hamilton will not win the Grand Prix or that snow will not fall. What a betting exchange essentially allows you to do, therefore, is to play the bookmaker to another punter’s ‘back bet’ and to win if their bet fails.
Are you looking for the best sites for betting on sports and horse racing? Well, stick around, because this is all about showing you the best online betting sites.
Here are the 3 Best Online Betting Sites / Sportsbooks
Bovada
Bovada has changed the face of Sports betting online. They have a great sportsbook, racebook and one of the largest online poker rooms for players in the US. Their racebook is only open to North American thoroughbred and harness races.
Bonuses
Bovada offers a 50% signup bonus up to $250 and a bitcoin sports bonus of 50% up to $500 with a promo code. There is also a 100% match bonus eligible up to $1,000 and a bitcoin casino signup bonus of 150% match up to $1,500, both of which are redeemable up to three times. You starting bonus requires you to bet 5 times the amount of your initial deposit and bonus.
Deposits and Payouts
They only offer two ways to make a deposit and that is with credit cards and bitcoin.
Their payout system has improved massively over the years. In the past, this was the main complaint about Bovada, but now that they fixed it by speeding up the process and being one of the first online sports betting sites to offer bitcoin withdrawals.
The minimum deposit amount is only $20.
Customer service
They offer 24/7 toll-free customer service via telephone. They can help you in English, Spanish or Portuguese, and they don’t offer live chat, the wait time is about 1 minute on phone calls and a few minutes for emails. Bovada covers all the major sports. They offering straight bets, teasers, if bets parlays, futures, and props on just about any sport. This makes Bovada one of the best Online sports betting sites.
BetOnline
Horse Betting Websites In Usa
BetOnline is great for sports gambling online in many ways, but especially with baseball. They constantly work to improve the online experience with their bonuses and other elements such as betting types.
Bonuses
BetOnline has a 50% signup bonus up to $1,000. There is also a 25% reload bonus eligible up to $1,000 and a $100 bonus for every friend who signs up and makes a deposit.BetOnline also has free play reload bonuses.
Other Betting Websites Online
Deposit and Payment Options
You can make a deposit with Visa, Mastercard, Discover Card, Diners Club cards or American Express. They also accept Moneygram or Western Union transfers, bank wire transfers, Bitcoin and Etherum deposits, checks, or you can send money from your Skrill account. Offering so many options makes them one of the Best Sports betting sites.
The minimum deposit amount is only $10, which is the lowest you’ll find.
Customer Service
They have great, round the clock customer service. BetOnline has live chat, a toll-free phone number both can be reached 24/7 in English or Spanish.
Having separate email addresses for the casino, racebook and sportsbook is a huge plus in terms of getting results when you have a problem.
BetOnline is a great gambling site because they put lots of effort into their Racebook. They have a well-run blog that offers advice for gamblers of all skill levels and they really know how to keep novice bettors interested and coming back.
MyBookie
MyBookie is another place which offers Sports betting online. They are newer than the others but already have a great reputation online.
Bonuses
They 50% signup bonus up to $1,000, a 100% casino signup bonus up to $300. While the refer-a-friend bonus is only 10%, that can be offset if you refer high ticket customers to them. They also have a 3- tier loyalty program that offers free payouts, birthday gift cards, game seats, and more bonuses.
Deposit and Payment Options
They accept Visa, Mastercard, Bank Wire, Check, and Person-to-Person Transfer for deposits. The minimum deposit amount is $50. You are allowed one free payout, then you’ll be subjected to a fee for each withdrawal.
Payouts are completed within 48 hours. This makes them a top sites out there.
Customer Service
They offer a live chat customer service or you can call them 24/7, but they only support English. They are one of the newest betting websites, but they’re one of the top sites for Sports gambling.
These websites are Best Sports betting sites because they value their customers and constantly work to make improvements.