betting exchanges

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6 years 4 months ago #670352 by avdberg
betting exchanges was created by avdberg
Hi,
I joined this forum in the hope that somebody can help me because I just can’t find a betting exchanges or betting site in S.A. that gives the punter lay betting options (placing a bet that the horse will lose instead of win). I was a member of Betfair and Betdaq but both closed the accounts of their S.A. members (some license nonsense). I found that WBX also provided that type of bet but that entire website closed down. Bet365 has that bet but also don’t operate in S.A.
I now have an account with betxchange but only win and place bets are allowed.
I hope there are punters out there that can help me.
Thanking you for your time

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6 years 4 months ago #670354 by Bob Brogan
Bob Brogan on topic betting exchanges
Unfortunately there is no legal way in South Africa

Welcome to abc

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6 years 4 months ago #670457 by Steckenpferd
Steckenpferd on topic betting exchanges
WBX went out of business in 2015.

Bet365 don't operate an exchange as such, but simply offer fixed-odds prices (really poor value in my view) for horses not to win/not to be placed.

Bob, I thought Interbet (www.interbet.co.za/exchange.aspx/exchange-betting-sports) offered a trading facility for SA punters, although I've no idea whether or not they cover horse racing - they claim to charge 3% commission per trade. Is this not the case?

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6 years 4 months ago #670624 by Bob Brogan
Bob Brogan on topic betting exchanges

Steckenpferd wrote: WBX went out of business in 2015.

Bet365 don't operate an exchange as such, but simply offer fixed-odds prices (really poor value in my view) for horses not to win/not to be placed.

Bob, I thought Interbet (www.interbet.co.za/exchange.aspx/exchange-betting-sports) offered a trading facility for SA punters, although I've no idea whether or not they cover horse racing - they claim to charge 3% commission per trade. Is this not the case?


There is no lay option Steck
The following user(s) said Thank You: Steckenpferd

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6 years 4 months ago #670643 by Steckenpferd
Steckenpferd on topic betting exchanges
Clearly their definition of what constitutes a betting exchange differs from mine and yours.

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6 years 4 months ago #670645 by Steckenpferd
Steckenpferd on topic betting exchanges
If it's any help to the original poster, I believe Marathonbet also offer fixed odds 'not to win' prices on most UK racing (with the same wealth warning I gave to Bet365's 'not to win' markets above). I'm no big fan of Marathonbet and stopped using them years ago, but I think they still accept SA customers.

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6 years 4 months ago #670670 by Dave Scott
Dave Scott on topic betting exchanges
Has been discussed extensively on the site.

Basically you cant lay in SA without a bookmakers licence, it could be argued when you are betting on match betting between 2 horses that could be regarded as laying the other one?

Using a VPN is another way to use betfair where your computer is hidden as far as your location but forex becomes an issue.

If you have a foreign bank acc to fund and withdraw via betfair and use a VPN to play its probably your best option?

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6 years 4 months ago #670675 by naresh

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6 years 3 months ago #674530 by Bokked
Bokked on topic betting exchanges
Try Smarkets

They take South African layers

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6 years 3 months ago #674650 by fingers
fingers on topic betting exchanges

Bokked wrote: Try Smarkets

They take South African layers

not anymore

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5 years 1 month ago #736488 by Yinyang
Yinyang on topic betting exchanges
There is a way

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5 years 1 month ago #736489 by Bob Brogan
Bob Brogan on topic betting exchanges

Yinyang wrote: There is a way


Unfortunately not legally

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