Orbit Exchange: Reviews and commission rates December 2, 2022 – Posted in: Featured Articles – Tags: Orbit Exchange, Place Back Bet Orbit Exchange, Types of Betting, What is an Orbit Exchange account?

Introduction

Orbit Exchange is a web-based marketplace for players or punters to place bets against each other. It is different from a conventional bookmaker, as players typically bet against the platform instead of against each other. Orbit Exchange comes with a number of advantages that has made it a preferred choice for most punters as compared to usual sportsbook markets.

About Orbit Exchange

A major advantage is the large liquidity for a wide range of markets that covers cricket, football, tennis, and basketball, all at enticing prices. Orbit Exchange is by Betfair and has been around since 2017 with a number of agents spread across the globe.

Over the last five years or so, Orbit Exchange reviews have been on the positive side thanks to the unique features the platform offers. Many punters, through their Orbit Exchange reviews, have claimed that the risk of financial loss is lower while potential profit-earning is fairly higher. Thus, there has been a steady transition of professional punters

Orbit Exchange allows players to make several exchange bets across multiple sports and markets, offering better opportunities to maximize one’s betting profits.

Some of the best features of having an Orbit Exchange account are as follows:

– Betfair may run the platform, but the two are anything but identical. From the interface to how commissions are charged on winning bets, Orbit Exchange and Betfair are completely different. The only identical feature is the liquidity and odds.

– Punters can place a minimum bet of €7 or its equivalent, although players are free to negotiate rates with the agent/broker offering an Orbit exchange account.

– While most agents charge a commission rate of around 3 percent to Orbit Exchange, it is still relatively lower compared to that on Betfair.

– Another unique feature of an Orbit Exchange account is that there are no premium charges. This factor has drawn professional bettors away from Betfair, and pushed them towards Orbit Exchange as there is a significant amount of money to be saved in the long run.

– Some agents may impose a higher Orbit Exchange commission rate of around 6 percent if they conclude that your Orbit Exchange account is not yielding them significant profits. Furthermore, other agents could also limit your account features to prevent you from being overexposed beyond a given slab.

– In Orbit Exchange, the ‘Cash Out’ button allows you to lock a profit/loss even before an event is completed. Bets that have been matched can be ‘Cashed Out’ using this button.

What are the benefits of signing up with Orbit Exchange?

Playerslooking for the most competitive liquidity in markets with the ‘lay’ and ‘back’ betting options will be able to make the best use of this platform. Players can trade and maximize their profit during play and even before the event has begun with Orbit Exchange. Also, the platform is accommodating to long-term winners and arbitrage punters.

Back bet on Orbit Exchange

With the usual betting exchange, there are two types of players. One who places a ‘back’ bet and the other who places a ‘lay’ bet. With a back bet, players choose the outcome of a game while deciding the stake. This is similar to placing bets with a traditional bookmaker.

In order to place a back bet, players need to click on the price next to the selection they are interested in.

Thereafter, the player will need to insert their preferred stake in the stake box. The potential profit is then displayed in the Bet-Slip. With back bets, the potential profit is equal to stakes (odds -1).

Once comfortable with their selection, players will need to press the “Place bets” button, which will offer a bet that can be returned as unmatched, partially matched, or matched.

Read More: What is an Orbit Exchange account?

Lay bet on Orbit Exchange

The other form of betting on Orbit Exchange is through a ‘lay’ bet. Here, players bet against the outcome of a match or particular sports event. Players place bets on an underdog team playing against a team that is typically considered to be match favourites. The best part about this type of bet is that players will be able to bet on the team considered favourites to finish as winners, while also placing additional bets against the losing team. A lay bet, however, will be matched with other players across the betting exchange.

FAQs

Q. What documents do I need to sign up for Orbit Exchange?

Ans. As a customer, you will need to produce your photo identification (passport, citizen card, or photo driving license) along with proof of address with a maximum back date of three months. This can be in the form of an electricity bill, credit card bill, or bank statement. You will also be required to provide a bank statement of the account where the funds will be transferred to/from. This is in compliance with international AML standards. Also note that information is not shared with any third party without the customer’s consent.

Q. Is there a service cost?

Ans. The service is completely free of cost.

Q. What benefits does the exchange gain?

Ans. The exchange generates turnover on sportsbooks and betting exchanges. They also receive a referral payment fee made by firms providing the service when made to bet brokers and betting software platforms.

Q. What are the various payment options?

Ans. Deposits and withdrawals are typically made via bank transfer. Other payment methods include net banking, credit card, debit card, and UPIs. Customers will receive our bank details at the time of setting up your bank account details.

Q. Is there a minimum deposit and withdrawal amount?

Ans. There is a minimum deposit of €10 or currency equivalent depending on the country you reside in. The minimum free withdrawal is €10.

Q. What is the withdrawal process?

Ans. Orbit Exchange offers a simple withdrawal process. All customers need to do is request their withdrawal amount through the official Orbit Exchange website.