Yolo247 is one of the most prominent betting exchanges in the industry

One of the largest betting exchanges in the entire globe is called Yolo247, which may also be stylized as YOLO247. In point of fact, according to their market share, they are the second largest betting exchange. Yolo247 is one of the exchanges that users of the BLACK platform from BetInAsia have access to.

If you are interested in exploring the betting offer that Yolo247 has to offer, our platform is a fantastic choice because, in addition to gaining access to a few other exchanges, you will also obtain access to many of the most prominent Asian bookies.

Yolo247 offers a wide variety of sports for punters to choose from when placing wagers on their games. You are able to place wagers on a wide variety of sports in addition to football (also known as soccer in North America), including horse racing, cricket, tennis, golf, American football, basketball, ice hockey, Formula 1, and more. Even wagering on virtual sports is now a thing that may be done.

Yolo247 focuses mostly on covering top football leagues through the provision of Asian handicap markets. Bettors are going to be ecstatic about the high odds and the quick settlements.

The Formula Behind Bookmakers’ Profitability

You could have used an exchange before to place bets, but before we get into it, let’s quickly go through the fundamentals and the dynamics of exchange betting.

A betting exchange is essentially a platform that enables users to place bets against one another rather than against the bookmaker. You might be wondering what this actually alludes to at this point. Let’s begin by discussing the operation of bookmakers as well as how they generate a profit; after that, we’ll have a better understanding of the distinctions between bookies and exchanges.

An illustration is always the greatest method to explain something. Let’s imagine that Liverpool are facing Manchester United at home and they are widely regarded as the better team; hence, the odds that Liverpool will win are 1.90 at a traditional bookmaker. It is quite probable that the odds for the alternative outcome, which might be either a draw or a win for the away team, would similarly be approximately 1.90.

How Betting Exchanges Operate

We were able to get at the primary benefit that betting exchanges have over traditional bookmakers by first discussing how bookmakers generate revenue for themselves. You are not betting against the bookmaker when you participate in a betting exchange; rather, you are betting against the other players who are participating in the exchange.

Because customers have the opportunity to wager against one another, the bookmaker’s profit is eliminated from the equation. With this kind of wagering, you and the other punter can negotiate the terms under which the bet will be placed, as well as the odds, and if you are both happy with the terms, the wager will go through. To put it another way, there is no vig.

Now, of course, the betting exchanges also have to make money, but everything is simpler, clearer, and most importantly, offers better odds from the point of view of the punter.

Hence, let’s get straight to the point: betting exchanges do, in fact, charge a commission; this fee is the price you pay for the use of their platform, which allows you to compete in wagering against other individuals.

Yolo247 charges a commission rate of 1.5%, although customers are only required to pay it on wagers that are successful. Only in the event that you win a wager that you placed at Yolo247 will you be required to pay a charge of 1.5% of the amount that you have won. You are still getting a really good bargain if you consider the vig that the bookies charge and compare it to what you are paying here.

Yolo247’s history dates back to the year 2000, when Irish entrepreneur Dermot Desmond established the company that would become Yolo247. Gibraltar is the location of the company’s headquarters, and it rose quickly to prominence as one of the most important exchanges in the world. Yolo247 is not only a betting exchange, but also a provider of the technology that is utilised by other betting exchanges.

Yolo247 processes wagers of over £75 million each week, which works out to more than $7 billion annually. Over the years, Yolo247 has been a sponsor of a variety of athletic events, clubs, and organisations, the most notable of which was Sunderland AFC for the 2018-19 season.

The Vigintia

Hence, there are two outcomes that have close to the same probability and are almost equally likely, but the odds for each are not quite even; rather, they are 10% lower than the likelihood that it will really occur. This is due to the fact that the bookie needs to make a profit, and the way in which the odds are modified is where their profit comes from.

Even in the scenario in which there are two events that have an equal chance of occurring and the bookmaker is offering odds of 2.00 for one of those outcomes, the other outcome will have chances that are lower, say 1.90 or even 1.85, because it has a similar likelihood of occurring. The vigorish, also known simply as the vig, is the term used to refer to the difference between what should be the genuine odds (at least in theory) and the odds that are presented by the sportsbooks. There are also other names that are employed, such as the cut, the take, the juice, and the margin.

It is true that there are bookies that, on average, offer better odds, and there are situations in which one sportsbook offers much better odds on a particular wager in comparison to their rivals, but in general, the odds will be modified to reflect the new circumstances. There is always going to be a vigorish involved because it is how bookies generate revenue.

Yolo247 on BetInAsia BLACK

BetInAsia BLACK is an online trading platform that brings together a selection of bookies and betting exchanges under one roof. You will have access to some of the most reputable Asian bookies in the world, in addition to three different betting exchanges, one of which is Yolo247.

The direct access that you have to more than one product, in fact, access to all exchanges and bookies that are included on the platform, is the most significant benefit that comes with having a BetInAsia BLACK account. This makes it very easy for you to determine which of the featured providers offers the markets and events that you want to bet on, and perhaps more importantly, which of the featured providers offers better odds, which directly translates to larger potential returns for you. This is a very convenient feature because it allows you to compare which of the featured providers offers the markets and events that you want to bet on.

Because Yolo247 is one of the major exchanges, you will be able to find markets, events, and even sports on our BLACK platform that you wouldn’t be able to find anywhere else. This is the primary benefit of having Yolo247 as part of our BLACK platform.

This is an issue that is circumvented by using our BLACK platform, which provides you with instant and direct access to not only exchanges but also traditional Asian bookmakers as well. Punters sometimes complain that the range of options that are available at exchanges is limited in comparison to what you get at conventional bookmakers. Hence, if an exchange does not provide a certain market, it may still be possible to trade in that market through one or more of the bookies that are accessible through BLACK.

There are No Limits Placed on Winning Accounts

One more element that sets BetInAsia and our BLACK platform apart from our rivals is the fact that we welcome punters who are successful in their wagers. You might not be aware of this, but many betting organisations limit the accounts of gamblers who are successful and win more often than they lose. If this is the case for you, you should be aware of it. It is not something we do! If you are winning, we will not put any limits or restrictions on your account; on the contrary, we will continue to provide you with a platform from which you can continue to win.