Best Betting Exchange Sites: UK's Top Exchanges Ranked - December 2025

SpreadEx

Bet £10 Get £40

New Customers Only

Claim Offer

Join and place a £10 fixed odds bet at odds of 1/2 or greater. Once the bet is settled, get a £10 free fixed odds bet plus a £5 free Total Goals football spread bet and a £5 racing Winning Favourites spread bet. The second £10 free fixed odds bet, £5 free Total Goals football spread bet, and £5 racing Winning Favourites spread bet will be credited 24 hours later. Free bets expire in 28 days if unused. Promotions available to 18+ aged individuals. New customers only. T&Cs apply. GambleAware.org

Betfair

Get £30 in free multiples When you place £10 bet on Sportsbook

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Place a min £10 bet on Sportsbook on odds of min EVS (2.0), get £30 in Free Bet Builders, Accumulators or multiples to use on any sport. Rewards valid for 30 days. Only deposits via cards or Apple Pay will qualify. T&Cs apply. Please Gamble Responsibly. 18+. GambleAware.org Full T&Cs

Matchbook

Enjoy 0% Commission for 110 Days!

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18+. Sign-up to Matchbook today with bonus code: COMMFREE110. Deposit funds using a debit card. E-wallets are excluded from this promotion. Enjoy 0% Commission on All Sports for your first 110 days, meaning you get the best possible value from your bets. T&Cs apply.

Smarkets

Use code COMMFREE to trade with 0% commission for 60 days

New Customers Only

Claim Offer

Use code COMMFREE to trade with 0% commission for 60 days. New UK, IE & Malta users only. Min. £10/€10 first deposit only using Debit Card or Instant Banking. Full T&Cs apply. Please Gamble Responsibly. 18+. GambleAware.org #ad

easyBet

Bet £20 Get £20 in Free Bets

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Claim Offer

New customers only. To qualify for free bets, the new user must place and settle £20 on easyBet markets. The user must bet on at least 2 different events to qualify. The user must place and settle bets at odds of 2.0 or more. An event is classed as two different sporting events. Bets can be placed on singles, multiples and Bet Builders.  The user must place and settle bets before the closing date of the promotion to qualify. Users making their first deposit by Skrill, Neteller or PaySafe card will not qualify for this promotion. T's and C's Apply. Gamble Aware. 18+

Best Exchange Betting Sites Ranked - December 2025

Betfair Exchange

The peer-to-peer model of Betfair’s highly-rated traditional sportsbook wins thousands of admirers and glowing five-star reviews.

The UK-based company is among the biggest names in sports betting and provides a well-rounded betting exchange that reflects its stellar reputation.

Betfair Exchange, the “world’s biggest betting exchange”, offers an extensive list of markets on popular sports, including football, basketball, cricket, and rugby, among over twenty additional categories, with the Betfair sign up offer also definitely worth taking advantage of.

Impressively, unlike numerous other betting exchanges, Betfair Exchange claims a minimal commission rate of 5%, enabling bettors to retain the bulk of their returns. Yet, it isn’t Betfair Exchange’s competitive commission rates that earn the bookmaker its plaudits.

Betfair Exchange offers pristine live streaming coverage of dozens of sporting events, including selected football, golf, and cricket events. It is not hyperbole to claim that the revolutionary 2000-formed company provides the most efficient and in-depth live streams of any betting exchange platform.

Smarkets

Bettors familiar with the globally renowned bookmakers offering fixed-odds markets might be tempted to opt for a large and reputable brand name when experimenting with betting exchange platforms.

Yet, Smarkets, a UK-based betting exchange platform, is arguably the most advanced, detailed, and impressive site in its field.

Boosting over 24 sports, including football where bettors can select from over 203 markets on Club World Cup fixtures, the reputable bookmaker offers choice, freedom, and flexibility to their estimated 49,000 monthly active user base.

The UK-based platform's plethora of five-star reviews is justifiable. An industry-leading 2% of profits are charged as commission, however those that claim the Smarkets welcome offer can get 0% commission on all bets.

 Additionally, new users who deposit a minimum of £10 are entitled to a rewarding 60-day start-up period without paying commission.

Smarkets’ digital displays and user-friendliness are impressive; navigating the site is effortless, information is displayed logically, and backing or laying bets can take less than sixty seconds.

Unfortunately, Smarkets, a betting exchange that has developed a strong reputation since its inception in 2008, does not currently provide live streaming options. Nonetheless, its array of betting exchange-specific advantages is hard to ignore as it comfortably sits among the industry’s most cost-efficient platforms.

SpreadEx

SpreadEx is an impressive multi-function bookmaker that provides fixed-odds and spread markets as well as the generous SpreadEx sign up offer. Despite its diversification, betting exchange options remain as thorough as its highest-performing rivals.

Bettors can choose from dozens of selections on highly anticipated football fixtures, along with comprehensive coverage of popular sports including rugby, tennis, and darts.

While SpreadEx’s digital interface feels outdated compared with some of its competitors, the content itself is top-tier. Bettors can access high-definition live streams of elite football, horse racing, and cricket events.

The UK-based company’s benefits continue: an alluring £60 sign-up offer, a responsive customer service team, and minimal lags and delays across the platform ensure users enjoy SpreadEx’s competitive service.

Matchbook

Founded in 2004, Matchbook is among the oldest and most reputable betting exchange platforms. However, it isn’t just the platform’s long-standing service that attracts thousands of bettors monthly.

The UK-based online betting exchange provider takes a minimal 2% commission, beating established betting exchange powerhouses like Betfair Exchange, although the Matchbook welcome offer does allow players to get 0% commission for just under three months.

Additionally, the platform occasionally offers Matchbook Zero – an enticing promotion that removes commission fees on specific wagers.

There are tons of available markets for bettors to take advantage of Matchbook’s low commission rates. For example, Club World semi-final matches offer over 100 available betting exchange selections.

Other popular sports, including horse racing, formula 1, and tennis, among several others, also receive substantial coverage.

Unfortunately, Matchbook does not currently offer live streaming. However, the platform’s lack of live streaming options is compensated for by an excellent digital platform that’s thoughtfully designed with bright colours and easy navigation, loads rapidly, and enables users to place bets instantaneously.

easyBet

easyBet is an impressive recent entrant to the betting exchange market. The platform was launched by the reputable easyGroup, the founders of easyJet, in October 2024 and is already among the market’s most trusted names.

The UK-based company’s peer-to-peer service offers punters better-priced odds than traditional fixed-odds bookmakers, offering an abundance of intriguing markets and options.

Football markets are plentiful; on elite fixtures, bettors can scroll through BTTS, Handicap, Away Team Total Goals, Correct Score, and Match Result, among numerous other match-prop selections, all of which can be bet on using the free bets from the easyBet sign up offer.

The impressive betting exchange provider also offers several options on 19 additional popular British, Irish, Australian, and American sports.

easyBet charges 2% commission on profits, a figure that rivals the most cost-effective platforms in the industry and beats the reputable and globally popular Betfair Exchange.

Moreover, the UK-based firm offers live streams on numerous horse racing events. Unfortunately, football fixtures are not covered in easyBet’s live streaming coverage.

Nonetheless, its platform, accessible through desktop browsers and betting apps, is impressive. Decorated in the recognisable orange and white colourwave of the famous easyGroup brand, it creates a feeling comparable to booking a bargain trip abroad.

The peer-to-peer service enables competitive prices, digital displays are clear and informative, and loading times are minimal. Bettors are unlikely to experience many problems while using the recently launched betting exchange site.

Best Betting Exchange Site of the Week - Matchbook

Matchbook stands out among betting exchanges by delivering competitive odds, a clean and user-friendly layout, and a good suite of markets — though like all exchanges, much depends on liquidity. 

For bettors who value control over price, ability to lay as well as back, and a relatively straightforward platform for navigating bets, Matchbook tends to deliver a solid, no-fuss experience.

The odds and markets on Matchbook are often very competitive — since it's a peer-to-peer exchange, odds tend to reflect real demand. On many mainstream sports and popular events, you’ll often find back and lay prices that beat traditional bookmakers. 

Commissions are low for many users, making potential returns more generous when things go your way. 

Major sports such as football (soccer), horse-racing, tennis, and basketball receive the most attention and liquidity, which means your bets are more likely to be matched quickly at favourable odds. 

On niche sports or less popular markets, though, liquidity can drop off — making those less reliable or slower to match.

Navigating the site or app is often described as intuitive and clear. The interface uses a straightforward sidebar menu for sports, with event lists and markets neatly displayed in a central panel. Betslip management works smoothly, letting you place singles, multiples, or combination bets without unnecessary clutter. 

Mobile users report that the layout scales well — the same structural clarity carries over to iOS and Android apps. The site design leans toward minimalism rather than flashy visuals, which helps it load quickly and keeps distractions to a minimum.

Live betting (in-play) on Matchbook is available for many of the major sports and supports both back and lay odds. The platform updates odds dynamically as events unfold, sometimes with arrows indicating market movement.

For bettors who like to trade positions mid-game — to lock in profit or cut losses — this ability to cash out or trade out is a key advantage. However, Matchbook does not offer comprehensive live video streaming across all sports. 

While horse racing (and sometimes greyhound racing) may receive video streams, for most football, tennis or basketball matches you’ll rely on a match-tracker or basic animation rather than live video. That means if you want to follow the action directly, you might need a secondary broadcast source.

In terms of offers and promotions, Matchbook occasionally runs introductory deals and commission discounts aiming to attract new or active punters. 

While not as heavily promo-driven as some fixed-odds bookmakers, the lower commission and competitive odds offer long-term value, particularly if you stick to popular, liquid markets.

Overall, Matchbook delivers a clean, efficient exchange experience with strong odds and good coverage on mainstream sports. Its interface and navigation make for easy use whether you’re on desktop or mobile. 

If you prioritise flexibility — the ability to lay bets, trade out during live events, and leverage better odds — Matchbook is a sound choice. The main caveat is liquidity: for niche sports or low-profile events, you may find fewer opportunities or slower matching, so it performs best when you stick to high-demand markets.

Basics of Exchange Betting Sites - How do they work?

In most cases, sports betting is a transaction between a bettor and a bookmaker. When the bettor wins a wager, they take money from the bookmaker, and when the bookmaker wins, they take money from the bettor.

While globally popular and easy to understand, fixed-odds betting limits a bettor’s potential returns; after all, prices by multi-million pound bookmakers are expertly curated to generate profit.

In contrast, exchange betting, a flexible peer-to-peer alternative, offers punters opportunities to enjoy greater value.

Betting exchanges enable users to operate as bookmakers and lay bets from other users that they believe will not win. For example, users could lay bets from other punters on Liverpool to beat Manchester United if they think the Red Devils are the likely victors.

Likewise, bettors can back bets on markets and odds offered by a peer or fellow wagerers.

Notably, users laying bets can freely choose the odds they set, allowing bettors to access greater value opportunities than they would with a traditional bookmaker.

Betting on the Exchange - Backing and Laying Explained

Backing

Backing is a popular and widely understood type of sports betting, where punters place a bet on a specific outcome to happen.

Liverpool to beat Manchester City, Arsenal to score two goals against West Ham United, and Sunderland to lose against Fulham are all examples of backing. In each of the three mentioned example wagers, the bet is successful when the backed outcome occurs.

Backing is the standardised format of fixed-odds betting; bettors wager against bookmakers that a particular outcome will materialise.

Similarly, users can back wagers on the betting exchange. However, there’s a notable and sometimes beneficial difference. Bettors back that a chosen result will transpire against a fellow user acting as a bookmaker, rather than against a large and profit-focused corporation.

Naturally, exchange betting’s non-standardised approach proposes numerous benefits to backers; the market’s best odds are often accessible, it’s simple, and removes the risk of being punished by bookmakers for winning.

Laying

Laying is the opposite of backing. Instead of betting that something will happen, bettors lay a selection — wagering against a specific outcome. When users lay bets on a betting exchange, they’re effectively acting as the bookmaker.

For instance, laying Liverpool to beat Manchester City, Arsenal to score two goals against West Ham, or Sunderland to lose to Fulham means the bettor believes these results won’t occur. In each case, the lay bet wins if the selected outcome does not happen.

Laying is rarely – if ever – available in traditional fixed-odds betting, where the bookmaker sets the odds. However, on a betting exchange, savvy, knowledgeable, and tactical bettors can utilise misguided perceptions of a team’s strength and take on bets from other users.

Given laying’s sparse availability on most betting sites, the format presents several risks. Major bookmakers set odds through an intricate process of research, market interpretation, and risk-management tactics – it’s easy for users to underestimate the complexity of making a profit from laying bets.

Nonetheless, the potential rewards of laying are substantial. Bettors who learn how and when to set cut prices on markets can earn returns vastly exceeding what’s typically available from backing fixed-odds wagers.

Positives of Betting with an Exchange

Best Odds

Many layers, particularly those in an experimental phase, lack the knowledge, experience, and accessible data to provide odds that will consistently return a profit.

After all, the best bookmakers including SkyBet, bet365, and William Hill employ expert teams, advanced technology, and industry experience to set odds that will generate a profit; on the betting exchange, odds are determined by one individual’s interpretation.

As a result, backers can capitalise on potential knowledge gaps of layers and find the best odds on the market for particular selections.

Simplicity

At a glance, the user interface and presentation of information on betting exchange websites might appear confusing. However, once bettors are familiar with the betting format, it’s typically a simple and user-friendly experience.

On betting exchange platforms, promotions, boosts, and hidden margins – often deployed as strategies for a bookmaker’s profitability – are absent. Bettors are only required to focus on a singular event without unnecessary or counterproductive extras.

No Betting Limits

Unlike traditional bookmakers such as Betfred, BetMGM, and bet365, betting exchanges don’t penalise successful bettors with limits or restrictions.

There are no caps on high-stakes wagers — as long as another user is willing to match your bet. This creates a more flexible, open, and user-driven experience than what fixed-odds markets typically offer.

Never Punished for Winning

On exchanges, success doesn't lead to account restrictions. Bookmakers often limit or ban sharp bettors who win regularly. With a peer-to-peer model, there’s no reason to penalize profitable users — the platform simply takes a small commission.

Best Exchange Betting Sites FAQs

What are Betting Exchange Sites?

Betting exchange sites are platforms that allow peer-to-peer betting, where users can both back and lay bets with each other instead of against a traditional bookmaker.

This model enables bettors to set their own odds and take advantage of greater value opportunities, as they are essentially acting as both bettors and bookmakers.

What is the Biggest Betting Exchange?

Betfair Exchange’s promotional language claims its platform is “the world’s biggest betting exchange”, but is the bold claim accurate? Research indicates that Betfair Exchange offers an industry-leading range of markets and live streaming coverage of dozens of popular sporting events.

How many Betting Exchanges are there?

In the United Kingdom, several platforms offer betting exchanges, including Betfair Exchange, SpreadEx, Matchbook, BETDAQ, Smarkets, and easyBet, among others.

What is commission on Exchange Betting sites?

Commission is a small fee charged on the profits users make from their bets on exchange sites. Commission rates vary between platforms:

Betfair Exchange charges around 5% commission, while Smarkets, Matchbook, and easyBet each charge around 2% commission on profits. Some platforms also offer promotional periods with reduced or zero commission on specific bets.