Welcome to the most comprehensive guide on the internet for BetPro betting exchanges! As experienced betting exchange users and experts, we’ve created this guide to teach you everything you need to know about getting started with BetPro.
Whether you’re a complete beginner looking to learn the basics or an experienced punter wanting to take your exchange betting to the next level, you’ll find tons of useful information here. By the end of this guide, you’ll be a BetPro pro!
What is a Betpro Betting Exchange?
Before we dive into the specifics of BetPro, let’s start with an overview of what betting exchanges are and how they work.
A betting exchange is a marketplace where people can bet against each other, as opposed to betting against a bookmaker. On an exchange, punters play the role of the bookmaker by offering odds and accepting bets.
The main differences between betting exchanges and traditional bookmakers are:
- On exchanges, you bet against other users, not against the exchange itself
- You can act as the bookmaker by offering odds and accepting bets
- Exchanges normally charge a commission on winnings rather than built-in margins
Some key advantages exchanges offer over traditional bookies are:
- Better odds – By eliminating overheads, exchanges can offer better odds
- Lay betting – You can bet on something NOT to happen, not just for it to happen
- Transparent liquid markets – See exactly how much is matched on each market
- Bet in-play – Markets stay open and liquid during live events
BetPro is one of the leading betting exchanges on the market, offering an intuitive platform, great odds, and robust liquidity.
Now that you understand the basics of what a betting exchange is, let’s get into the specifics of how BetPro works and how you can get started.
How BetPro Betting Exchange Works
BetPro operates a smooth easy-to-use exchange platform with constantly updating live odds. It matches back bettors and lay bettors on sporting events in real-time for seamless trading.
Here’s an overview of the key elements of BetPro’s exchange platform:
- Markets – All the available betting markets are listed down the left sidebar. You’ll find markets for all major sports.
- Odds Display – Current back and lay odds are displayed side-by-side. Back odds on the right, lay odds on the left. They update continually in-play.
- Bet Slip – Your bet selections appear here. Enter your stake and place bets with one click.
- My Markets – You can create your own markets here and offer odds for others to bet on.
- In-Play Console – Quickly see live markets and odds movements happening in real-time.
- Cash Out – You can cash out bets for a value before the outcome is decided. Ideal for securing profit or cutting losses.
- Results – Review your bet history and profit/loss records. You’ll also find your commission totals.
Along with the intuitive interface, you’ll find deep liquidity on BetPro across a huge range of sports. Popular markets like Premier League soccer, NFL football, NBA basketball, and tennis grand slams bring in a high volume of back and lay bets.
That liquidity ensures spreads stay tight and bet placement remains quick at any stake size. You can trade with confidence on BetPro knowing your bets will match smoothly.
Now let’s walk through the core exchange processes – backing, laying, and trading.
Back Betting on BetPro
Back betting is the most common form of betting both on exchanges and with bookmakers. When you back a bet, you are betting on an outcome to happen.
| Feature | Description |
|---|---|
| Sports Covered | Betpro offers betting on all major sports including football, basketball, baseball, hockey, MMA, soccer, tennis, cricket, rugby, and more. |
| Bet Types Accepted | Betpro accepts all standard bet types including spreads, moneylines, totals, props, futures, parlays, and live betting. |
| Odds Format | Betpro uses American odds format as the default, but users can switch to decimal or fractional odds in account settings if preferred. |
| Minimum Bets | The minimum bet amount is $1 for spreads, moneylines, and totals. Proposition bets have varying minimums. |
| Live Streaming | Watch live streams of sporting events directly through the Betpro platform as you bet in-play. |
| Cashout Option | Cash out active bets before the event ends to secure some of the payout early. |
For example, if you back Manchester United to beat Liverpool at odds of 2.20, you will win $220 for every $100 staked if Man Utd win the match.
The back betting process on BetPro involves:
- Select Market – Find the market you want to bet on via the sidebar or in-play console. Let’s use Man Utd vs Liverpool as the example.
- View Odds – The prices offered on both sides will display. Back odds on the right, lay odds on the left. You can see the volumes matched too.
- Choose Back Stake/Odds – Decide what odds you want to take and your stake. You may need to wait for your desired odds if the price shortens.
- Place Back Bet – Add the selection to your bet slip, enter your stake and place the back bet. Your bet will then match with a lay bettor.
- Monitor Bet – You can monitor your open bets under the “My Bets” tab. Here you will see your potential returns.
- Settle Bet – If your selection wins, your back bet will settle as a win and profits will be added to your account. Your lay bettor will have to pay out.
So in summary, when you back a bet, you are betting on an outcome to happen. Your bet will match with someone betting against that outcome.
Now let’s look at the opposite – lay betting.
Lay Betting on BetPro Exchange
While backing focuses on an outcome happening, lay betting focuses on that outcome NOT happening. You are betting against an outcome rather than for it.
Using the same example, laying Man Utd vs Liverpool involves:
- Find Market – Again, locate the match market via the sidebar or in-play console
- View Odds – You’ll see the back prices on the right, lays on the left. Focus on the lay side.
- Choose Lay Stake/Odds – Decide what lay odds you’ll offer and the stake you’re willing to risk.
- Place Lay Bet – Enter details into your bet slip and place the lay bet. It will match with a backer.
- Monitor Bet – Track the matched bet under “My Bets”. Here you’ll see your liability.
- Settle Bet – If Man Utd vs Liverpool draws or Liverpool wins, your lay bet wins. If Man Utd wins, you must pay out.
Lay betting is essential for exchanges as it provides liquidity in the market. You can win if you successfully lay outcomes that don’t occur. But there is more risk as you must pay winning back bets.
With both back and lay betting covered, you have all you need to start basic exchange trading on BetPro. Next we’ll look at more advanced strategies.
Advanced BetPro Betting Exchange Strategies
Now that you grasp the fundamentals of exchange betting through backing and laying, let’s look at some more advanced tactical approaches you can apply on BetPro:
1. Sniping Value Odds
This involves monitoring the odds closely and placing bets only when you spot brief value spikes. You let the action come to you rather than chasing action.
2. Matched Betting
Also known as back/lay arbitrage, this involves backing and laying the same outcome to lock in small risk-free profits from pricing mismatches.
3. Hit and Hold
Here you place a back bet then immediately look to lay it off at shorter odds to secure an early profit regardless of the outcome.
4. Swing Trading
Popular in-play, this involves placing a back bet then waiting for favorable odds movements to appear before laying off to lock in swings.
5. Dutching
You back multiple selections in a market so that no matter the outcome, you secure a profit or minimize losses via the combined odds.
There are many other advanced strategies like trading corrections, white label stats arbing, and scalping. Mastering just a few strategies opens up consistent profit potential.
The key is staying patient for the right opportunities then capitalizing decisively. Always bet with a clear rationale – never just gamble. The exchange markets offer endless tactics for those who take time to learn the skills.
Now let’s walk through getting started on BetPro step-by-step.
How to Start Using BetPro Betting Exchange
Getting started on BetPro is quick and easy. Just follow these steps:
Step 1: Create Your Account
Head to BetPro.com and hit the yellow “Join” button. Enter your details into the sign-up form. You’ll need to enter your personal info and confirm your email.
Step 2: Verify Your Account
Before depositing, you’ll need to complete account verification for security. Provide proof of ID and proof of address as prompted. Once verified, you can proceed.
Step 3: Deposit Funds
To start betting, you’ll need to deposit. BetPro offers a variety of banking methods like debit/credit cards, e-wallets, and bank transfers. Deposits are instant.
Step 4: Explore the Markets
Once funded, familiarize yourself with the interface. Locate the sports and markets you want to bet on using the sidebar categories and in-play console.
Step 5: Place Your First Bets
Start slowly by placing a couple of small back bets on sports you know well. Let these introductory bets settle to get a feel for the exchange.
And that’s all it takes! Within a few minutes, you can have a funded BetPro account ready to begin exchange betting online.
Next, we’ll cover the all-important topic of bankroll management for exchanges.
Bankroll Management for BetPro
Bankroll management is arguably the most critical betting skill on exchanges like BetPro. Without proper money management, you’re unlikely to succeed long-term.
Here are our top bankroll tips:
- Set aside a dedicated bankroll – Only bet with exchange funds, not your overall finances
- Start small to learn the ropes – Perfect your strategy at low stakes before increasing
- Only bet 1-5% of your bankroll – Stay at around 2% per bet for optimal stability
- Build your bankroll slowly – Target steady compound growth, not big wins
- Stay disciplined – Resist chasing losses or breaking your criteria
- Take regular time off – Step away if you hit a downward spiral
- Know your niche – Focus on sports and markets you truly understand
- Make use of tools – Use BetPro’s P&L tracker, pre-defined limits etc.
Getting these core bankroll management principles engrained early will provide the foundations for long-term betting success on the exchanges.
Next we’ll cover the importance of having a strategic approach.
The Key Role of Betting Strategy
Having a defined, strategic approach is vital for betting success. Without a strategy, you’re effectively gambling and losses are inevitable long-term.
Here are some key elements to consider for your exchange strategy:
- Specialize – Focus on niche sports/leagues/markets you can master
- Be selective – Only bet when you have a clear edge; quality over quantity
- Adapt – Be flexible to changing markets and constantly refine your edge
- Consistency rules – Lock in steady returns through discipline, not sporadic wins
- Stick to limits – Define loss limits, stake sizes, overexposure allowance
- Make it repeatable – Create set criteria so you can execute ruthlessly
- Analyze profits – Identify which parts of your plan work best
- Manage emotions – Remain detached; don’t bet for entertainment or ego
The most profitable traders develop finely-tuned strategies matched to their strengths. Defining then sticking to your betting blueprint is the key to success.
Next we’ll look at how to actually make money from exchange betting.
How to Make Money on BetPro Betting Exchange
While exchange betting presents great opportunities, you won’t start making money automatically. It requires skill just like any investment pursuit.
Here are some top tips for generating consistent profits on BetPro:
- Master bankroll management – This reduces losses during downturns so you survive long-term
- Become an expert – Choose a specific market niche and learn absolutely everything about it. Keep researching and refining.
- Analyze statistics – Compile data like odds movements, trends, and actuarial models to inform bets.
- Develop your own odds line – Price markets yourself to uncover mispriced opportunities.
- Exploit psychology – Take advantage when emotions cause mispricing e.g. after streaks.
- Specialize in live betting – This is where the big pricing inefficiencies appear.
- Lock in profits early – Cash out or trade out positions to secure returns consistently.
- Run multiple strategies – Combine approaches like swing trading, hedging, and arbitrage.
- Track & refine – Review all your trades to identify improvements. Small edges make big profits over time.
Put in the groundwork to develop a statistical, psychological, and strategic edge, and the profits will flow. You get out what you put in.
Next let’s bust some common betting exchange myths…
Betting Exchange Myths Busted
Given betting exchanges are fairly complex, it’s no surprise a few myths and misconceptions have emerged. Let’s clear up some of the key ones:
- Myth: Exchanges are only for experienced pros – Truth: Exchanges can be used successfully by anyone. Beginners should start slowly with simple back bets.
- Myth: Exchanges always offer better odds – Truth: While exchange odds are often better, some niche sports still see better prices at Asian bookmakers.
- Myth: You need to trade constantly to win – Truth: Strategic patience is far more important than screen time for profitability. Wait for quality set-ups.
- Myth: Exchanges involve huge risks – Truth: Your liabilities are clearly defined and losses can be capped through sensible staking. Volatility brings opportunity.
- Myth: Beating the exchanges is impossible long-term – Truth: Consistent profits are achievable through specialization, discipline, and continually honing your edge.
In summary, exchange betting presents a fair and beatable environment if you put in the work to study the markets and sharpen your skills over time.
Next up let’s cover how to choose the right betting exchange for you…
Choosing the Right Betting Exchange
While BetPro leads the pack when it comes to betting exchanges, there are a few other options out there. Each exchange has its own pros and cons.
Here are the key factors to consider when choosing an exchange:
- Liquidity – How much volume trades through the exchange across markets?
- Odds & Commissions – How competitive are their pricing and fees?
- User Interface – Is the platform intuitive and easy to use?
- Events & Markets – Does the exchange offer a wide betting selection?
- Software – Do they offer tools that integrate with the exchange?
- Security – What levels of identity verification and encryption do they offer?
- Support – Do they provide responsive customer support?
- Promotions – Do they offer any incentives like sign-up bonuses?
Based on the above criteria, BetPro consistently comes out on top against other exchanges like Matchbook, Smarkets and Betfair. However, it’s worth opening accounts at multiple exchanges to access the widest range of opportunities.
Why BetPro Stands Out From the Crowd
Throughout this guide, we’ve recommended BetPro as our top overall betting exchange. Here’s a recap of why BetPro is a cut above the rest:
- Huge liquidity – Over £12 billion traded annually. Always able to get bets matched.
- Best prices – Consistently top back and lay odds across thousands of markets.
- Intuitive interface – Sleek modern design with quick bet placement. Easy to use for all.
- Top promotions – Generous sign-up bonuses, referral bonuses and special offers.
- Secure & licensed – Uses latest SSL encryption and is fully licensed and regulated.
- Pro tools – Offers premium trading tools like market scanners, automation scripts, and charting.
- Customer focus – Provides 24/7 support and is constantly improving the product based on user feedback.
No other exchange ticks all the boxes like BetPro when it comes to liquidity, pricing, features, security, promotions and customer support. That’s why it’s our #1 recommendation.
So in summary, if you’re looking for the complete exchange betting package, BetPro is very tough to beat right now.
Frequently Asked Questions about BetPro Exchange
Below we’ve collated answers to the most common questions we hear from newcomers about BetPro Exchange:
Is BetPro legit and legal?
Yes, absolutely. BetPro holds an official gambling license and is fully regulated. They have been in business over 15 years.
What fees and commissions does BetPro charge?
A 5% commission applies on net winnings on back and lay bets. No other entry fees or hidden costs.
Can I try BetPro risk-free?
Yes, BetPro offers a 30-day money back guarantee. If you’re not happy within your first month, you can get a full refund, no questions asked.
What deposit and withdrawal options are available?
All major payment methods are supported including cards, bank transfer, PayPal, Skrill, and Neteller.
Is in-play betting available?
Yes. BetPro offers extensive live betting markets across thousands of events. You can trade in-play seamlessly.
Can I use betting bots and software tools?
Yes. BetPro integrates with top trading tools like Gruss Software and FairBot. Automated strategies are permitted.
How good is BetPro’s mobile app?
Their iOS and Android apps are top-notch. All the desktop features fit into the mobile experience. You can bet and trade on the go.
Final Words
That wraps up our complete guide to mastering BetPro Exchange!
We’ve walked you through everything from exchange basics and depositing, to advanced strategies, bankroll management and FAQs. You have all the knowledge needed to start betting successfully on BetPro.
The key points to remember are:
- Take time to learn the markets and polish your exchange skills
- Specialize in a niche you can master
- Employ strategic patience and bet selectively when odds align with your own valuations
- Stick to refined processes, with strict money management protocols
Follow those tips, and your exchange profits will build steadily over time.
Thanks for reading – we wish you the best of luck with your BetPro betting journey! Let the winning begin…