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How to become a bookmaker using regular bets
Betting on exchanges differs from regular bookmakers for many reasons, but there is one specific one that makes the wagering experience of players so different and unique that makes exchanges mandatory for every player. The fact that you can become a bookmaker intrigues players much more than placing a bet on a regular bookmaker. This is the time when your knowledge will be equal to the knowledge of another player, and the prize will be bigger and the profit will be higher.
Becoming a bookmaker is not easy, as you will need to master the league you are interested in, understanding the odds, the art of studying every detail and much more. But the end result is so satisfying that it leaves no room for doubt that betting exchanges are the embodiment of your transformation from an amateur player into an advanced player, and from there into a professional betting player. In the following lines you will have the opportunity to learn how you can use the regular betting feature to successfully become a bookmaker, so keep reading and thank us later.
Become a bookmaker by making simple bets: how to do it
Everyone who makes bets dreams of becoming a bookmaker one day, being the one who sets the odds, and others should place their bets on them. This expectation has ended, as betting exchanges have provided players with the opportunity to become a bookmaker themselves using the regular betting function. In fact, an unprofessional bet is a statement that a specific outcome will not happen in the event you have chosen. You set the odds yourself, so you literally become a bookmaker, place your bet, and then wait for another player to come and compare your bet.
When you visit a Betfair-based betting exchange such as OrbitX, Winfair24, Whitehorse or Fair999, among others, you will see a scheme that you may have encountered in your Betfair days, so it will probably be easier for you to understand which coefficients are positive and which are inverse. The former, the ones that will help you become a bookmaker, are pink, while the latter are blue.
As you understand, the pink ones are the ones that serve our purpose, so you click on them and then adjust the odds. You will see the starting price and the amount of bets that have already been matched. This is the time when you become a bookmaker, set odds for this particular outcome, place a bet and then wait for another player to come and buy your odds confirming the outcome that you bet.
If you win, you double your money, but if the player who guessed your bet wins, you lose twice! On the one hand, you will lose your bet, but since you have become a bookmaker, you will also have to pay the winnings to your opponent. Please note that if you decide to become a bookmaker, funds must be available on your account as compensation, which will need to be paid in case of your lost bet, otherwise the system will not allow you to make this bet.
So, how exactly can you make more money by becoming a bookmaker? There are several strategies that could help you get your way. But before we get to some of them, always remember that knowledge is the strength in your quest to become a bookmaker. This means that you should always make informed decisions based not only on your intuition, but also on data such as statistics, team news, how each team plays in each match, even on weather conditions or the match referee.
Having said that, let's move on to the most popular strategies. One of them is trading, or, as it is also called, the "back to the game" betting system. You start by placing a reverse bet in the same way as you usually do on any betting exchange or bookmaker. But you should make sure that you buy the coefficients immediately after they are published, so that you have the opportunity to make purchases at the best prices.
Then you just need to wait for the odds to change, and as soon as it becomes a reality, you will continue to become a bookmaker on the same or on the second exchange, betting on the same outcome. Make sure that you have made the correct calculations using the arbitrage calculator in order to get a certain profit at the end of the day.
Another way is to use an inter-market trading system. You continue to become a bookmaker not for one, but for two separate, but similar outcomes, and as long as you get the right odds, you will eventually make a profit. For example, you bet on a draw 0:0 and at the same time continue to become a bookmaker, betting on a draw. As you understand, with the help of this strategy, you have managed to cover a lot of opportunities, and this may lead you to huge winnings.
In conclusion, don't forget to place your regular bets on the best Betfair-based betting exchanges, such as OrbitX, Winfair24, Fair999 and Whitehorse, which can only be found at the world's leading betting broker Brokerstorm. Register your new Brokerstorm account right now and work with 5 different operators through one account and wallet!
