ORBIT-X Information and Introduction
Betfair is the largest online betting exchange in the whole world.
Since its launch in early 2000’s, the company has added a new dimension to online sports betting by letting players choose their own odds and influence the markets’ liquidity. What makes Betfair really stand out from other operators is the “lay” option which allows clients to bet against something to happen. Betfair has over four million registered users and more than 1,500,000 active customers. In 2011 the company moved its operations offshore from UK to Gibraltar and became regulated by the Gibraltar Gambling Commissioner.
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Launched in April 2017, Orbit Exchange platfrom is a new betting exchange to hit the market. Powered by Betfair, you’ll find the features, markets, liquidity and bet acceptance speed to be pretty impressive and just about the same experience you’d get from Betfair.
The main reason why customers like Orbit Exchange over a traditional bookmaker is that ORBIT-X offers better prices and very good liquidity. A betting exchange is like an online marketplace for players to bet against each other – not the bookmaker. It’s like two friends who have different opinions on a match, Orbit Exchange just acts like a mediator who holds the money and gives it to the winner. Unlike a bookmaker, Orbit Exchange encourages winners because they do not take any position in the markets.
On Orbit Exchange you can back and lay. To ‘back’ a selection means you think it will happen, like you would do with a traditional bookie. Or you can take the opposing viewpoint and ‘lay’ if you think your selection will not happen (won’t win). Lay betting is the other half of the deal from a back bet. Both are bets but opposing views. Without one, you can’t have the other.
Many players also like to use and exchange for trading. You can bet and lay on the same market and manage to make a profit even before the event has started. You can also trade in-play on Orbit Exchange.
Similar to any betting exchange, players are subject to paying a Commission charge on net winnings. Players do not pay any Commissions on losses.
For players who do extremely well on the exchange, they may be subject to Premium Charges, but this is always discussed with the player before it is charged.
Orbit Exchange has a very cool front end design and claim to offer ‘out of this world’ odds, stellar liquidity and infinite markets. After taking a look around, Orbit Exch does seem to have a lot to offer.
Licensed in Curacao, the liquidity, markets and prices are very competitive. They offer 100% settlement so you win what you see in your accounts. The market settlement and payouts is fast and safe.
They currently do not have a cash-out function. We look forward to seeing more enhancements made to the site.
Overall, we found Orbit Exch to be very reliable, easy to use and navigate and customer support via their Facebook page very helpful.
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THE REBELBET TEAM