BetDEX Betting Exchange
1% commission (Lower than Betfair or betting agents)
Deposit and Withdraw directly. (No middlemen. No betting agent.)
Based in Edinburgh, UK. Regulated by the Isle of Man Gambling Supervision Commission. (No mystery owners)
I use lay betting strategies with Betaminic trigger picks. Lay bets usually get better odds than Double Chance back bets, so betting exchanges are recommended.
If you have Betfair exchange, then you can lay bets there. But many people don’t have access to Betfair Exchange.
Up to now, I have recommended using Betting Agents as Betfair alternatives since they offer Betfair White Label exchanges like FairExchange, SharpExchange or OrbitX.
But there are problems with betting agents that make some people wary of using them.
Those exchanges have commission rates of 2.75-4% on winning bets.
We cannot deposit directly with the exchange we are using. We have to use an intermediary agent.
We have to request withdrawals. They are not instant.
There is a feeling of operating in a “grey area” of the betting market. Sometimes we don’t know who we are dealing with.
There is an alternative to Betting Agents, too. BetDEX.
With BetDex:
The commission rate is just 1% on winning bets. That is even lower than Betfair’s 2-8% rates. (2% for UK users, 5% for AUS users, 7% for Croatia, 8% for the Rewards+ Package.)
There is no premium charge for big winners or long-term winners. Your stakes are never limited. Winners are never banned.
We know exactly who BetDex are, their founders and their investors. They are a very public, well-known, betting exchange. (BetDEX is a decentralised sports betting exchange. The company was founded in 2021 by former FanDuel executives Nigel Eccles, Stuart Tonner and Varun Sudhakar. BetDEX has raised $21 million from investor funding. FTX and VC Paradigm led the funding round, joined by Lightspeed Venture Partners, Sino Global Capital, and Solana Ventures.)
You can deposit directly to your BetDEX account with crypto currency. (They are working hard to get alternative payment methods such as debit & credit cards, bank accounts, Apple & Google Pay and other local options.)
You can withdraw anytime. You are in full control of your funds. There is no requesting and waiting.)
You can fund your BetDEX Account by depositing Bitcoin, Solana, USDC, or USDT straight from your crypto wallet or Skrill account, with no fees.
BetDEX have great guides on how to get crypto currency and deposit here.
You can use crypto exchanges such as Binance, OKX, Coinbase, Kraken and others to purchase crypto directly on the exchange.
Alternatively, use a non-custodial wallet such as Metamask or Phantom.
Or even use Skrill and PayPal if they allow crypto purchases and transfers in your region. (Check before you buy. For example, PayPal UK users cannot transfer crypto to another account. They can only buy and hold it.)
There is no way to automate bets on BetDEX yet, but I will let you know if a way becomes available.
BetDex is open to many countries that Betfair Exchange is not:
Brazil
China
France
Germany
India
Italy
Nigeria
Singapore
Spain
Sweden
BetDEX is open to customers around the world, but some countries are currently restricted.
Restricted Countries:
Afghanistan
Belarus
Burma
Burundi
Central African Republic
Côte d’Ivoire (Ivory Coast)
Cuba
Democratic Republic of the Congo
Denmark
Guinea
Guinea-Bissau
Iran
Iraq
Korea, D.P.R. (North Korea)
Latvia
Libya
Mali
Russia
Somalia
South Sudan
Sudan
Syria
Tunisia
USA
Venezuela
Yemen
Zimbabwe
