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Ladbrokes launched the betting exchange platform in 2013 which sits alongside its sportsbook. With Ladbrokes access present in Australia and many players holding an account with them, the exchange took a little time in gaining the required traction.
But before we get deeper to understand how it works, we need to understand what a betting exchange is.
Ladbrokes Australia Exchange: Review & Tips
Contents
What is a betting exchange?
A betting exchange is treated as a marketplace where players can bet against each other. An exchange allows the players to place back bets and lay bets which makes the exchange flexible in offering good value bets to players.
At a betting exchange, a player gets to take the role of a normal player or the role of a bookmaker. How does this happen? Taking the role of a bookmaker sees a player offering odds to another player/party that they are prepared to lose. On the other side, assuming the role of a normal player sees a user requesting odds from other players to stake the amount they are resigned to lose.
The best part about an exchange program, as opposed to a normal sportsbook, is the better Ladbrokes offers you can get in addition to better odds which generally increases the value of your money.
Sounds clear? Let’s dive deeper!
Using an exchange will require you to either BACK a bet or LAY a bet. Backing a bet, as the name suggests, sees a player back a selection while Laying a bet is the opposite where you bet on another person’s selection outcome not to happen. A catch with a betting exchange platform is that your bet has to be matched by another player. This means if a player placed a BACK bet, another player has to place a lay bet at the same odds for them to be matching bets.
Ladbrokes exchange registration
The website will be accessed from the same Ladbrokes registration link available. That is www.ladbrokes.com.au. For new players on the website, creating an account with the platform is easy. With an eligible Ladbrokes referral code or a Ladbrokes registration code on your Ladbrokes sign in, you follow the link and click on the option ‘Join’, the details required for a Ladbrokes Australia account will be as follows;
- Title, Full Name, and Email Address
- Code (Enter a valid Ladbrokes referral code or Ladbrokes registration code)
- Username and Password
- Date of Birth, Mobile Number, and Residential Address
- Deposit Limit (Optional)
The account creation process will be completed at the option ‘Create Account’. You will be ready to make Ladbrokes online betting wagers on the sportsbook or at the exchange.
Ladbrokes exchange games
Ladbrokes Australia offers a lot of games to choose from in the two main categories they offer. A player will find both Ladbrokes racing and sports sections offered. Ladbrokes betting allows bets to be made on horse racing, greyhounds, and harness racing events. The sports section has over 27 different sports provided where players can bet on sports such as;
- Basketball
- Australian Rules
- Hockey
- Soccer
- Tennis
Ladbrokes exchange allows players to trade on fewer but popular sports on the platform. A player can trade on Football, Horse Racing, Greyhounds, Australian Rules, Tennis, Golf, and few others. The coverage on some of the top events such as NBA, EPL, A-League, La Liga, German Bundesliga, and more is available on the exchange.
Market such as BTTS, Half-Time/Full-Time, Correct Score, and Over/Under on Soccer, for example, are also available at the exchange. Players can expect to find good odds that translate to better value on the exchange. The exchange prices beat normal prices with a wide margin.
A 5% commission will be charged just like in Betfair on the winnings accrued on the exchange. The commission rates may go down to as low as 2% as you play with them. You will earn a point for every $25 used up in exchange bets. The points will be used to determine how low your commission rates can go.
Placing a bet at Ladbrokes exchange
Making a BACK bet will involve the following steps;
- Choose your sport and the preferred market then click on the left side. The events on that sport will be presented grouped by competition, date or meeting. After you click on the preferred event, all markets available will be provided. Pick your market and load on the screen
- Back your selection by toggling the backbox on the selection you wish to bet on. You will have the best prices for each selection provided. The number below the odds will signify the maximum amount offered at the time
- Enter your stake on the betting slip display that will be on your right side. This will also include the best odds and after you enter your stake, confirm, and submit your bet
The three possibilities to expect will be as follows;
- The bet will be fully matched
- The bet will be partially matched – the remainder of the portion not matched will be returned to the account
- Bet not matched hence cancelled
Making a LAY bet will involve the following steps
- Choose your sport and the preferred market then click on the left side. The events on that sport will be presented grouped by competition, date or meeting. After you click on the preferred event, all markets available will be provided. Pick your market and load on the screen
- Lay your selection by toggling the lay box on the selection you wish to bet on. You will have the shortest price of each selection provided. The number below the odds will signify the amount which the backers are looking to stake at the same odds
- Enter your stake on the betting slip display that will be on your right side. This will also include the best odds on Lay. On the box named ‘Stake’, enter the amount you wish to get from the backer if the selection does not win. The potential loss amount will appear then confirm the bet.
Ladbrokes exchange app
Ladbrokes also boasts of a mobile platform launched through a Ladbrokes mobile site version and a Ladbrokes app version. The app is available to all sets of players with Ladbrokes app android and Ladbrokes app iOS all offered. Players can download the app directly from the website with Apple Store offering the same to iOS users.
The app is friendly and meets all the parameters of usability. Many features are also attached including live streaming, cash-out, and many more to improve the experience of the players. The betting exchange app also allows the following services;
- Create an account
- Deposit and withdraw funds
- Contact customer support through Ladbrokes live chat feature
- Claim Ladbrokes offers and bonuses
- Play normal sportsbook and betting exchange
Final Thoughts: A Good Choice but Improvements can be Made
Ladbrokes exchange is not yet at the level of Betfair but still, it is a perfect avenue to start your experience. The commission rates are the same and several popular sports are available for trading which is positive. Various markets are also available for trading with Ladbrokes offering huge markets that players can play on.
However, a lot still needs to be done especially increasing the number of sports available for trading. There is also an issue of player restriction where some have their accounts banned after showing signs of winning.
Get here our exclusive Ladbrokes Referral Code NSN250
Our UK players can refer to this article.
Disclaimer: The daily specials, referral codes, and registration links are not aimed at players from the NSW region, in tune with the new NSW regulations. The NSW players are not eligible for the same.
last update : April 2024
