For most sports traders, Betfair is the only option for sports trading.
Obviously, that is not the case.
Betdaq is steadily increasing in liquidity. Other exchanges like Smarkets are becoming a real option too. This is mostly due to the fact that they don’t just try to copy what Betfair is doing, but try to implement what they believe a betting exchange should be all about. (the image above is a profit made on smarkets, on the Dolgopolov v Levine match)
If you are new to sports trading, then I encourage you to open an account with both Betdaq and Smarkets. And the reason is simple. As these betting exchanges grow in liquidity, so will your bankroll, especially when you consider that your bankroll will have an exponential growth. I looked over my past record on Smarkets, and noticed that last year I made my first deposit of under £ 20 (also received a free bet). And despite the fact that I traded very rarely, only when I remembered that I have a funded Smarkets account, I managed to increase my bankroll to a couple of hundred pounds, in just a few months. And keep in mind that this is a betting exchange that people regard as having very little to no liquidity.
The fact is that, if you place your bets in-play, most of them will get matched. And the reason is that there are traders and bots in the market, that are ready to match you, because they are willing to hedge their profits at Betdaq and Smarkets instead of Betfair.
I suggest you go and open both a Betdaq and Smarkets account (if you haven’t done so already), make a deposit, start trading and just look to increase your bankroll exponentially.
Smarkets has 2% commission, while Betdaq has a current promo (available until the 31th of December 2012) where you will only be charged 3% commission.
Click here to sign-up to Smarkets (if you follow this link, you will also be entitled to a £5 free bet)
Click here to sign-up to Betdaq (follow the link and you will see all the details about the 3% commission rate and the €/£ 200 worth of free bets)