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A betting bot, short for robot, is a piece of sports betting app software designed to automatically place bets on exchanges following a given set of rules defined by the user. Football gambling bots and horse racing bots are the most common, although some bots can be configured to place bets on any market available with an online betting exchange.

Rank Bookmaker Overall Score (/10) Key Strength
1 Bet365 9.5 Live Betting & Streaming
2 William Hill 9.2 Trust & Reputation
3 Betfair 9.0 Exchange & Odds
4 Ladbrokes 8.8 Retail Integration
5 Paddy Power 8.7 Promotions & Marketing

The Betfair exchange has the widest selection of markets available for both pre-market and live score betting. Only the Betfair exchange, BETDAQ and Matchbook have betting bots available, Smarkets API is still under development.

Bookmaker Primary License Jurisdiction Other Notable Licenses
Bet365 Gibraltar Gambling Commission UKGC, Malta, Australia
William Hill United Kingdom Gambling Commission Gibraltar, Spain, Italy
Betfair United Kingdom Gambling Commission Malta, Australia, USA (NJ)
Unibet Malta Gaming Authority UKGC, Sweden, Denmark

A sports betting exchanges API, short for Application Programming Interface is a connection method bot software can use to directly interface, place bets, check balance, list markets, etc with the exchange without the need to login to the website directly.

Payment Method Bet365 Ladbrokes Betfair Processing Time (Withdrawal)
Credit/Debit Card Yes Yes Yes 1-3 business days
PayPal Yes Yes Yes Up to 24 hours
Skrill Yes Yes Yes Up to 12 hours
Bank Transfer Yes Yes Yes 2-5 business days
Apple Pay Yes No Yes Instant

Read on for more details on some of the betting bot reviews available on TheBetMatrix.Win The Betfair exchange is the most widely supported, with most betting bots only supporting Windows operating systems. Some of the most popular betting bots and sports betting apps are: BettingDev – (Football betting bots, horse racing bots and a greyhound bot – Betfair) Excel Betting Bots – (Horse racing bot – Betfair / BETDAQ) MarketFeeder Pro / Time Machine – (Horse racing bot – Betfair) Betting bots will only function as well as certain aspects of an exchange’s functionality. Liquidity, overrounds, API restrictions and any additional market and event data bots offer, play an important role in creating any successful betting bot strategy. Check out our betting bot category page for more details, and take a look at the individual betting bot reviews for more precise information on what each bot has to offer. We also have a comparison [INNERLINK] page for a quick look at which bot may be most suitable for various markets, purposes, and to each individual gambler. Betting exchanges websites & their in-house apps allow the placing of both back bets & lay bets, also cashing out, but their focus is on usability and as such they provide quite a simple betting interface. This is fine for just placing the occasional back or lay bet, but when it comes to using betting exchange strategy and trading markets or placing more than a small number of bets, it’s essential that betting exchange trading software is used. Betting exchange software comes in a variety of shapes and sizes, all providing slightly different features. The software’s available offer varying functionality with some much more advanced than others. Some are limited to only a single exchange, other betting bot developers have a version for each exchange.

  • Depth of statistical data and pre-match analysis
  • Live scores and match center features
  • Availability of expert tips and predictions
  • Integration of news feeds and injury updates
  • Tools like bet calculators and odds converters
  • Educational content for beginner bettors

More precise details of which are covered on our comparison [INNERLINK] page, each piece of trading software outlined below also has an individual in depth betting app review covering what makes their software unique for the user. Most sports betting app software is Windows only and the Betfair exchange is by far the most popular.

  • Types of bets offered (single, accumulator, system bets)
  • Availability of specials and novelty markets
  • Depth of markets per event (e.g., player props, half-time/full-time)
  • In-play (live) betting interface and market variety
  • Cash-out functionality (full and partial)
  • Request-a-bet or bet builder features
  • Virtual sports and esports coverage

Sports Exchange Trading Software – Mac & Linux Apps (Windows App also available): Sports Exchange Trading Software – Android Mobile & Tablet Apps (Windows App also available): As you can see there is a wide variety to choose from, please check our trading software category for the individual sports trading software reviews. Picking the correct software to suit your exact sports exchange gambling requirements is essential for successful sports trading and live score betting. We’ve categorised online betting exchange apps into two categories, Trading Software and Exchange Software. The trading software category contains fully functional trading apps with more advanced sports trading features fully implemented out of the box. Whereas the exchange software category contains a more basic ladder interface and is more suited to the attachment of excel trading sheets, or more basic betting exchange trading techniques. All software supports the Betfair Exchange and we have betting app reviews covering all of the above in the trading software category, and a brief summary for the exchange software listed below in the exchange software category. Bookmakers have a much wider bet bonus app free reach geographically, than sports betting exchanges in terms of the countries they’re available in. Exchanges are only officially licensed in a handful of countries, they do however offer their services elsewhere dependent on more localised rules and regulations. For a list of which countries individual sports betting exchanges are supported, check out our guide here. As mentioned earlier in the article, the main differences between bookies and a sports betting exchanges functionality is the ability to place lay bets, differing overrounds and worse odds, event liquidity and the opportunity to trade sports markets, either manually or using betting bots or algorithms triggered by hand. If gamblers can deal with these differences and use bookies effectively without those features, then perhaps online betting exchanges aren’t suited to them. Another huge difference between the functionality of a bookmaker and a sports betting exchange is the availability of ACCA’s and other multiples for the reasons mentioned in the multiples section earlier in the article.

Frequently Asked Questions

The trading software category contains fully functional trading apps with more advanced sports trading features fully implemented out of the box. Whereas the exchange software category contains a more basic ladder interface and is more suited to the attachment of excel trading sheets, or more basic betting exchange trading techniques. All software supports the Betfair Exchange and we have betting app reviews covering all of the above in the trading software category, and a brief summary for the exchange software listed below in the exchange software category. Bookmakers have a much wider bet bonus app free reach geographically, than sports betting exchanges in terms of the countries they’re available in. Exchanges are only officially licensed in a handful of countries, they do however offer their services elsewhere dependent on more localised rules and regulations.

Table of Most Recent Betting Sites to be Reviewed at OLBG

For a list of which countries individual sports betting exchanges are supported, check out our guide here. As mentioned earlier in the article, the main differences between bookies and a sports betting exchanges functionality is the ability to place lay bets, differing overrounds and worse odds, event liquidity and the opportunity to trade sports markets, either manually or using betting bots or algorithms triggered by hand. If gamblers can deal with these differences and use bookies effectively without those features, then perhaps online betting exchanges aren’t suited to them. Another huge difference between the functionality of a bookmaker and a sports betting exchange is the availability of ACCA’s and other multiples for the reasons mentioned in the multiples section earlier in the article. The best multiple markets a punter will usually find on an exchange would be a double or possibly triples (in bigger races) including two or three specifically defined runners, and perhaps a predefined straight forecast and tricast. The best multiple markets a punter will usually find on an exchange would be a double or possibly triples (in bigger races) including two or three specifically defined runners, and perhaps a predefined straight forecast and tricast. For the same reason, some forecasts like reversed forecasts, combination forecasts, and tricasts which are common bets in horse racing betting markets are not available. Exchanges do offer place, each way, extra place and several other markets in most cases however. ANTEPOST betting exchange markets don’t form until much later than bookies prices are up and ready to accept bets.

How Does our Odds Comparison Work?

In almost every case however when events are due to start or shortly before turning inplay for live betting, the odds found on betting exchanges will almost always be significantly better than those found when gambling at a bookmakers. The Betfair exchange usually has the most liquidity, most exchange betting markets, lowest overrounds and best prices available. Check out the screenshot below from bet betting sites with sign up bonus and free spins an odds comparison website. With the best odds available for sporting events online, using sports betting exchanges should be a simple choice for any punter to make. Coupled with the ability to bet on both the win and lose outcomes of events with back and lay betting, multiple other angles are opened for any serious gambler to take advantage of.

🐎 Horse racing

Additionally, the availability of specifically designed sports trading exchange software and online betting software, a vast array of betting bots to suit all purposes, no betting limits or account gubbing, and much easier inplay trading and live score betting, it really isn’t a difficult choice to make. Check out our sports betting exchange reviews in the betting exchanges category to find the best exchange to suit your needs, all come with special signup offers and new account bonuses, so even if you find betting exchanges aren’t for you, there’s still some great value to be had! Check those links for the latest promotional sign up bonuses on offer, or our sports betting changes comparison table for a brief breakdown on the key differences between exchanges. If better betting odds, higher bet limits, inplay trading, live score betting, automated betting bots, sports betting apps, no account gubbing, and the ability to trade sports markets is something you’re interested in, there’s no better time than now to make the move to online betting exchanges. Did we mention the odds at betting exchanges can be 50% to 200% better than those found elsewhere? In most cases ANTE POST markets on sports betting exchanges don’t form properly on the back and lay side of the book with the low overround figures online betting exchange users come to expect, until perhaps a month or so before the day to day horse racing betting markets form.

Best Betting Site for this Week's Sport - bet365

Betting exchanges websites & their in-house apps allow the placing of both back bets & lay bets, also cashing out, but their focus is on usability and as such they provide quite a simple betting interface. This is fine for just placing the occasional back or lay bet, but when it comes to using betting exchange strategy and trading markets or placing more than a small number of bets, it’s essential that betting exchange trading software is used. Betting exchange software comes in a variety of shapes and sizes, all providing slightly different features. The software’s available offer varying functionality with some much more advanced than others. Some are limited to only a single exchange, other betting bot developers have a version for each exchange.

Star Sports

More precise details of which are covered on our comparison [INNERLINK] page, each piece of trading software outlined below also has an individual in depth betting app review covering what makes their software unique for the user. Most sports betting app software is Windows only and the Betfair exchange is by far the most popular. Sports Exchange Trading Software – Mac & Linux Apps (Windows App also available): Sports Exchange Trading Software – Android Mobile & Tablet Apps (Windows App also available): As you can see there is a wide variety to choose from, please check our trading software category for the individual sports trading software reviews. Picking the correct software to suit your exact sports exchange gambling requirements is essential for successful sports trading and live score betting. We’ve categorised online betting exchange apps into two categories, Trading Software and Exchange Software. The same can be said for some other markets, most likely, more exotic markets.

Sports Betting Exchange and Bookmakers Cash Outs, the Key Differences?

In case you missed the last link, we have details of the various sports betting exchanges signup promotions here. Or for a more in depth look and individual sports betting exchange reviews follow the links below: Or alternatively for the latest free bets and promo codes visit the Betfair Exchange website (T&C’s Apply, 18+ Only). A link to the Matchbook sports betting exchange promotional sign up webpage (T&C’s Apply, 18+ Only). You can find the BETDAQ exchange websites 0% commission, and free bets offers page here (T&C’s Apply, 18+ Only). Or if you prefer to skip to the Smarkets betting exchange website check here (T&C’s Apply, 18+ Only).

2) Who’s behind the bookmaker

Our sports betting exchange category articles are full of useful information, and you’ll find more details on the apps and bots available for exchanges in the betting exchange apps and betting bots sections of TheBetMatrix.Win! IMPORTANT NOTE: Don’t forget to LIKE and FOLLOW us on the various social media channels we post updates on, also on our homepage we have a Newsletter Subscription form. Like, Follow us & join the Newsletter to be sure you don’t miss a thing! Bookies may be offering prices before a market has properly formed on a sports betting exchange, which gives punters the chance to spot good prices and get their bet on before the market reacts, and prices start dropping significantly. A lot of more exotic markets available with bookmakers don’t get listed on exchanges. There are oddschecker and arbitrage tools available for those wanting to pick out these opportunities, perhaps to back a team with a bookie and lay it off on a betting exchange at a lesser price to secure a risk free profit. Oddschecker and arbitrage tools can however be used at any point during a betting exchange market’s lifespan, be that pre-market or live score betting and inplay trading. We have a sports betting services category with much more detail on this.

Best Basketball Betting Site: 10bet

In almost every case however when events are due to start or shortly before turning inplay for live betting, the odds found on betting exchanges will almost always be significantly better than those found when gambling at a bookmakers. The Betfair exchange usually has the most liquidity, most exchange betting markets, lowest overrounds and best prices available. Check out the screenshot below from bet betting sites with sign up bonus and free spins an odds comparison website.

Live Odds and Betting Explained

For the same reason, some forecasts like reversed forecasts, combination forecasts, and tricasts which are common bets in horse racing betting markets are not available. Exchanges do offer place, each way, extra place and several other markets in most cases however. ANTEPOST betting exchange markets don’t form until much later than bookies prices are up and ready to accept bets. In most cases ANTE POST markets on sports betting exchanges don’t form properly on the back and lay side of the book with the low overround figures online betting exchange users come to expect, until perhaps a month or so before the day to day horse racing betting markets form. The same can be said for some other markets, most likely, more exotic markets.

7. 10bet

Bookies may be offering prices before a market has properly formed on a sports betting exchange, which gives punters the chance to spot good prices and get their bet on before the market reacts, and prices start dropping significantly. A lot of more exotic markets available with bookmakers don’t get listed on exchanges. There are oddschecker and arbitrage tools available for those wanting to pick out these opportunities, perhaps to back a team with a bookie and lay it off on a betting exchange at a lesser price to secure a risk free profit. Oddschecker and arbitrage tools can however be used at any point during a betting exchange market’s lifespan, be that pre-market or live score betting and inplay trading. We have a sports betting services category with much more detail on this. With the best odds available for sporting events online, using sports betting exchanges should be a simple choice for any punter to make.

  • Promotions for existing customers (acca insurance, money back offers)
  • VIP or loyalty program benefits
  • Enhanced odds promotions and price boosts
  • Seasonal or event-specific special offers
  • Refer-a-friend program details

Coupled with the ability to bet on both the win and lose outcomes of events with back and lay betting, multiple other angles are opened for any serious gambler to take advantage of. Additionally, the availability of specifically designed sports trading exchange software and online betting software, a vast array of betting bots to suit all purposes, no betting limits or account gubbing, and much easier inplay trading and live score betting, it really isn’t a difficult choice to make. Check out our sports betting exchange reviews in the betting exchanges category to find the best exchange to suit your needs, all come with special signup offers and new account bonuses, so even if you find betting exchanges aren’t for you, there’s still some great value to be had! Check those links for the latest promotional sign up bonuses on offer, or our sports betting changes comparison table for a brief breakdown on the key differences between exchanges. If better betting odds, higher bet limits, inplay trading, live score betting, automated betting bots, sports betting apps, no account gubbing, and the ability to trade sports markets is something you’re interested in, there’s no better time than now to make the move to online betting exchanges. Did we mention the odds at betting exchanges can be 50% to 200% better than those found elsewhere? In case you missed the last link, we have details of the various sports betting exchanges signup promotions here. Or for a more in depth look and individual sports betting exchange reviews follow the links below: Or alternatively for the latest free bets and promo codes visit the Betfair Exchange website (T&C’s Apply, 18+ Only). A link to the Matchbook sports betting exchange promotional sign up webpage (T&C’s Apply, 18+ Only). You can find the BETDAQ exchange websites 0% commission, and free bets offers page here (T&C’s Apply, 18+ Only).

Best Golf Betting Site: bet365

A betting bot, short for robot, is a piece of sports betting app software designed to automatically place bets on exchanges following a given set of rules defined by the user. Football gambling bots and horse racing bots are the most common, although some bots can be configured to place bets on any market available with an online betting exchange. The Betfair exchange has the widest selection of markets available for both pre-market and live score betting. Only the Betfair exchange, BETDAQ and Matchbook have betting bots available, Smarkets API is still under development. A sports betting exchanges API, short for Application Programming Interface is a connection method bot software can use to directly interface, place bets, check balance, list markets, etc with the exchange without the need to login to the website directly.

Which football betting markets are the best?

Read on for more details on some of the betting bot reviews available on TheBetMatrix.Win The Betfair exchange is the most widely supported, with most betting bots only supporting Windows operating systems. Some of the most popular betting bots and sports betting apps are: BettingDev – (Football betting bots, horse racing bots and a greyhound bot – Betfair) Excel Betting Bots – (Horse racing bot – Betfair / BETDAQ) MarketFeeder Pro / Time Machine – (Horse racing bot – Betfair) Betting bots will only function as well as certain aspects of an exchange’s functionality. Liquidity, overrounds, API restrictions and any additional market and event data bots offer, play an important role in creating any successful betting bot strategy. Check out our betting bot category page for more details, and take a look at the individual betting bot reviews for more precise information on what each bot has to offer. We also have a comparison [INNERLINK] page for a quick look at which bot may be most suitable for various markets, purposes, and to each individual gambler. Or if you prefer to skip to the Smarkets betting exchange website check here (T&C’s Apply, 18+ Only). Our sports betting exchange category articles are full of useful information, and you’ll find more details on the apps and bots available for exchanges in the betting exchange apps and betting bots sections of TheBetMatrix.Win! IMPORTANT NOTE: Don’t forget to LIKE and FOLLOW us on the various social media channels we post updates on, also on our homepage we have a Newsletter Subscription form. Like, Follow us & join the Newsletter to be sure you don’t miss a thing!