Betting exchanges are online platforms that allow users to bet against each other rather than against a bookmaker. They offer several advantages over traditional sportsbooks, such as more choice, better odds, lower commissions, and transparency.
However, not all betting exchanges are the same, and some may suit your needs better than others.
In this article, we will compare Betpro, one of the leading betting exchanges in Pakistan, with some of its main competitors and alternatives, such as Betfair, Smarkets, Matchbook, and Jock MKT.
We will look at their features, benefits, drawbacks, and ratings, and help you decide which one is the best for you.
What is Betpro?
Betpro is a peer-to-peer betting exchange that was launched in 2019 and is operated by Betpro Exchange Limited, a company registered in Malta. Betpro is licensed and regulated by the Malta Gaming Authority, which ensures that it complies with high standards of security, fairness, and responsible gaming.
Betpro is also a member of the International Betting Integrity Association, which monitors and reports any suspicious betting activity across the globe.
Betpro allows users to bet on a variety of sports and events, such as cricket, football, tennis, basketball, and more. Users can choose to back or lay any outcome, meaning they can bet on an event to happen or not to happen.
Users can also set their own odds and stakes, as well as accept or reject the offers of other users. Users can also request a bet, meaning they can ask for a specific outcome at a specific price, and wait for someone to match their bet. Betpro charges a commission of 2% on the net winnings for each market, which is lower than most sportsbooks.
Betpro also offers live betting, cash out, and bet builder features, which enhance the betting experience and results.
How does Betpro compare to Betfair?
Betfair is one of the oldest and largest betting exchanges in the world, with over 6 million customers and a daily turnover of over £2 billion. Betfair was founded in 2000 and is headquartered in London, UK.
Betfair is licensed and regulated by the UK Gambling Commission, the Malta Gaming Authority, and several other jurisdictions, which ensure that it operates in a safe and legal manner.
Betfair is also a member of the International Betting Integrity Association, which monitors and reports any suspicious betting activity across the globe.
Betfair offers a wide range of sports and events to bet on, such as cricket, football, tennis, horse racing, and more. Users can choose to back or lay any outcome, meaning they can bet on an event to happen or not to happen.
Users can also set their own odds and stakes, as well as accept or reject the offers of other users. Users can also request a bet, meaning they can ask for a specific outcome at a specific price, and wait for someone to match their bet.
Betfair charges a commission of 5% on the net winnings for each market, which is higher than Betpro. Betfair also offers live betting, cash out, and bet builder features, which enhance the betting experience and results.
Betpro and Betfair have many similarities, such as their betting exchange model, their features, their licenses, and their memberships.
However, they also have some differences, such as their commission rates, their availability, and their ratings. Here is a table that summarizes the main points of comparison between Betpro and Betfair:
| Betpro | Betfair |
|---|---|
| Commission: 2% | Commission: 5% |
| Availability: Pakistan and other countries | Availability: UK and other countries |
| Ratings: 4.5/5 on Trustpilot https://www.betopin.com/betting-exchanges/, 4.3/5 on JDBook https://www.bettingusa.com/sports/exchanges/ | Ratings: 2.1/5 on Trustpilot https://www.betsperts.com/news/sports-betting-guides/betting-exchange/, 3.9/5 on JDBook https://en.wikipedia.org/wiki/Betting_exchange |
Based on these points, we can conclude that Betpro has some advantages over Betfair, such as lower commission, higher ratings, and easier access for Pakistani users. However, Betfair has some advantages over Betpro, such as longer history, larger customer base, and more diverse markets.
Therefore, the choice between Betpro and Betfair may depend on your personal preferences, needs, and goals.
How does Betpro compare to Smarkets?
Smarkets is another popular betting exchange that was founded in 2008 and is headquartered in London, UK. Smarkets is licensed and regulated by the UK Gambling Commission, the Malta Gaming Authority, and several other jurisdictions, which ensure that it operates in a safe and legal manner.
Smarkets is also a member of the International Betting Integrity Association, which monitors and reports any suspicious betting activity across the globe.
Smarkets offers a wide range of sports and events to bet on, such as cricket, football, tennis, horse racing, and more. Users can choose to back or lay any outcome, meaning they can bet on an event to happen or not to happen.
Users can also set their own odds and stakes, as well as accept or reject the offers of other users. Users can also request a bet, meaning they can ask for a specific outcome at a specific price, and wait for someone to match their bet.
Smarkets charges a commission of 2% on the net winnings for each market, which is the same as Betpro.
Smarkets also offers live betting and cash out features, which enhance the betting experience and results.
Betpro and Smarkets have many similarities, such as their betting exchange model, their commission rates, their licenses, and their memberships.
However, they also have some differences, such as their availability, their features, and their ratings. Here is a table that summarizes the main points of comparison between Betpro and Smarkets:
| Betpro | Smarkets |
|---|---|
| Availability: Pakistan and other countries | Availability: UK and other countries |
| Features: Live betting, cash out, bet builder, request a bet | Features: Live betting, cash out, request a bet |
| Ratings: 4.5/5 on Trustpilothttps://www.betopin.com/betting-exchanges/, 4.3/5 on JDBook https://www.bettingusa.com/sports/exchanges/ | Ratings: 3.9/5 on Trustpilothttps://www.jdbook.pk/betpro/, 4.1/5 on JDBook https://tracxn.com/d/companies/betpro-exchange/__IDsErZTThfQA5OxvI18-p8ZjWf42etrrfxLjWEHZyEM/competitors |
Based on these points, we can conclude that Betpro and Smarkets are very similar in terms of their commission, their licenses, and their memberships. However, Betpro has some advantages over Smarkets, such as easier access for Pakistani users and the bet builder feature.
However, Smarkets has some advantages over Betpro, such as longer history, larger customer base, and higher ratings. Therefore, the choice between Betpro and Smarkets may depend on your personal preferences, needs, and goals.
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