Horse Racing Betting Exchange Apps - The Best in the UK in 2023

Horse Racing Betting exchanges can be a great way to back or lay bets against horses. You get to act as the bookie or the bettor. If you were thinking about trying one out you might be wondering what betting exchange apps are available to those of us living in the UK and which are the best.

There are several betting exchanges that are legalised to operate in the UK for horse racing betting.

If you're looking for regular bookmaker apps - take a look here.

Here is a list of the UK's best horse racing betting exchange apps:

Top 4 Horse Racing Betting Exchange Apps

Smarkets Betting Exchange APP

Smarkets is one of the best betting exchanges, that is legally able to operate in the UK.

It was established online in 2008 and has become one of the most advanced betting exchanges.

Use the technologically advanced services online or use it on the go with the Smarkets app.

Users find it to be one of the fastest, most secure and most user-friendly betting apps.

Whether you have an Android or Apple device the app is available to download.

Welcome bonus available for new customers.

Find Out More

Visit Smarkets

Betfair Exchange App - The First UK Betting Exchange

Betfair was the first betting exchange to operate in the UK. They pioneered the betting exchange back in 2000. They were the first to allow customers to set their own odds.

You might be more familiar with the Betfair betting app if you have been betting on the horses for a while.

Betfair's exchange allows you to place exchange bets pre-event and in-play on a huge range of sports including te horse racing.

Those opening a new account at Betfair can claim a new customer bonus. Existing customers will find that there is a good selection of betting promotions and offers.

Find Out More.

Visit Betfair Exchange

Betdaq Betting Exchange App

Betdaq was founded in 2000 and started trading in September 2001. It was acquired by Ladbrokes and the Entain group in February 2013. But in 2021 it was sold back to the original owner, Dermot Desmond in 2021.

It's the second largest betting exchange operator with approximately 7% market share.

Customers can access a range of markets for sporting and other events.

A range of customer promotions are available including a new account offer.

Find out more

Visit Betdaq

Matchbook Betting Exchange App

Matchbook is a peer-to-peer betting exchange designed for smart bettors who are looking for more value. They offer deep liquidity and low commissions.

They have great customer service and the site is easy to use.

Betting promotions and exchanges are available for new and existing customers.

Find Out More.

Visit Matchbook

Frequently Asked Questions

We'll be answering these questions over the next few days.

What is a Betting Exchange?

A betting exchange functions as a platform where punters can place bets on various events and markets by betting against each other, rather than relying on a bookmaker's sportsbook with fixed odds. The exchange charges a small commission, which is notably lower than the traditional sportsbook's overround, often reaching as high as 110%. Consequently, the odds offered on the exchange are generally more competitive.

The odds in a betting exchange are determined not solely by the bookmaker but rather by the collective wagers of numerous customers, sometimes numbering in the hundreds or thousands. In essence, the quantity of customers participating in back betting (betting on something to happen) and lay betting (betting on something not to happen) influences the odds.

Betfair, the most popular betting exchange in the United Kingdom, played a significant role in shaping mobile betting. Their app was the pioneering product of its kind on the Apple store.

As evident, betting exchanges have a straightforward concept, and they are known for their user-friendly nature.

Are betting Exchanges Legal?

Yes. Those betting exchanges which are a major international gambling hubs, such as Betfair or Betdaq are legal in many different countries.

Which is the Best Betting Exchange App?

The depends on your particular requirements from a betting exchange. We all have our all opinion. But if we had to pick just one, we would say that Betdaq is the best betting exchange. There app is superb to use on the move.

What Bets Can You Place at a Betting Exchange?

You can place a bet or lay a bet. There are multiple sporting markets just like are found at a bookmaker but you can place a bet or take on the role of the bookie when you place a lay bet.

How Many Betting Exchanges are there in the UK?

There are only a handful of betting exchanges. We have listed all four of them above.

How Does a Betting Exchange Work?

Betting exchanges work slightly differently to a bookmaker as a betting exchange allows customers to bet against each other instead of against a bookie. You can place a bet just like at a regular sportsbook, but you can also place a lay bet, where you accept another customers bet . Customers can request a bet or odds. The betting exchange take a small commission on winnings.

What is the difference between a betting exchange and bookmaker?

As we've said above, a betting exchange allows you to place a bet. You can also act for intense and purposes as the bookie and accept bets. You can set the odds, request odds, set bets or even request bets. At a bookmakers you can only place a bet.

How does a betting exchange make money?

Betting exchanges make money by taking a small commission from winning bets.

What happens if you lose a lay bet?

Lay betting means betting on something not to happen. If you lose a lay bet, the person placing the bet wins and you then you pay the winnings. This is known as the liability, i.e. how much you will potentially have to pay out.

What happens if you win a lay bet?

If your lay bet wins, essentially the person placing the bet, has lost. The lay bet has won and you win the amount the bettor has placed on the bet. It's like the bookie keeping the winnings from a bet.