Competitive odds, a wide array of markets and the promise of no limitations are a huge appeal of betting exchanges. While Betfair is the undisputed leader in this space, regulatory restrictions mean millions of bettors are unable to access it.
Enter Sharp Exchange via BetinAsia – an outstanding alternative offering a Betfair-like experience. If you’ve been locked out of Betfair or are simply looking for a competitive exchange without the expert fee then this might just be the solution…
In this review, we’ll cover everything you need to know about Sharp Exchange, including:
- What is the Sharp Exchange
- Where to open a Sharp Exchange Account
- The Sharp Exchange Interface
- Commission Rates and Liquidity
- Premium Charges and Expert Fees
- How secure is Sharp Exchange
- Deposit and Withdrawal Methods
What is the Sharp Exchange and Why Should You Care?
SharpX is a Betfair white label, which means that it works like a Betfair – except a betting broker runs it. Brokers and agents are a common way for bettors to access Asian bookmakers such as Pinnacle along with betting exchanges. SharpX mirrors Betfair in pretty much all aspects, including its interface, odds, events, liquidity, and various other features.
Access to SharpX comes through BetinAsia, they are one of the most respected betting brokers around. BetinAsia was founded in 2011 and has been used by thousands of bettors to get access to better odds and avoid paying additional exchange charges.
How to Set Up Your Sharp Exchange Account:
Currently, the only way to access Sharp Exchange is through the BetinAsia platform.
- Sign up with BetinAsia: Visit BetinAsia’s website and register for an account.
- Fund your BetinAsia account: Use one of the supported payment methods (more on this later).
- Transfer funds to Sharp Exchange: From your BetinAsia dashboard, transfer funds to your Sharp Exchange wallet.
Once funded, you’re ready to start betting and trading, just as you would on Betfair.
Sharp Exchange Interface: East to Use and Familiar
If you have used a betting exchange such as Betfair, Betdaq or Matchbook you will find a familiar interface with the Sharp exchange.
Simply select the sport that you would like to see the market for and then select the competition. Alternatively, you can use the search box to find a specific event. It is as easy to use as Betfair with back and lay prices available for all selections. The blue selections are the odds available that you can back, whilst the pink selections represent the lay odds available in the market.
Markets Available
SharpX offers markets in all of the major sports:
- American Football
- Baseball
- Basketball
- Cricket
- Horse Racing
- Football/Soccer
- Boxing
- Mixed Martial Arts
- Rugby
…and many lesser-known sports.
One of the only differences we did find between the Sharp Exchange and Betfair was the lack of lay betting available on horse racing. It should be noted that in horse racing you can only place back bets.
Commission Rates and Liquidity – A Competitive Edge
The Sharp Exchange offers a competitive edge with a 3% commission on winning bets. A major incentive is the absence of the Betfair Expert Fee, making it an attractive option for those currently on a 2% commission with Betfair but subject to the expert fee (previously called the premium charge). This means you could potentially save more with SharpX’s 3% commission structure. There are also several countries where Betfair charge 5-6% commission on winning bets, which can massively affect long-term profits. Again locking in a simple 3% commission deal would be very advantageous!
Is there enough liquidity?
In betting exchanges, liquidity is a key factor. It represents the total funds available for wagering on the platform. High liquidity is vital as it impacts the competitiveness of odds and the efficiency of trading. Platforms with low liquidity may struggle to offer favourable odds and trading opportunities. Thankfully, the Sharp exchange maintains strong liquidity, ensuring you can place bets confidently and trade effectively.
Above is a comparison of the liquidity on the FA Cup between the Sharp Exchange and the Betfair Exchange. The liquidity is basically the same, in SharpX it is in Euros and in Betfair it is pounds, which is the only difference. When looking at other sports and markets we found that there was no real difference in liquidity between the two.
If you’re accustomed to betting on Betfair and concerned about liquidity on SharpX, rest assured there’s no need to worry. The Sharp exchange provides enough liquidity to match your bets and you can continue betting at the same level.
Are Sharp Exchange accounts secure?
Sharp Exchange has been set up by one of the most trusted brokers in Asia. Since 2011 BetinAsia has provided secure services for customers with a strong reputation.
What Countries Are Restricted by the Sharp Exchange?
SharpX, like many betting platforms, imposes restrictions on certain countries. These limitations can differ based on the betting broker or agent used to access Orbit Exchange.
Countries banned from gaining access:
- USA
- United Kingdom
- Sweden
- France
If you see this message when trying to access the Sharp Exchange unfortunately that means you are unable to open an account within your country. These limitations are typically due to legal and regulatory factors in the respective countries.
Deposits and Withdrawals
The BetinAsia platform supports a variety of payment methods, though your available options might be influenced by your geographical region.
To protect client funds, SharpX utilizes a dedicated BIA (Betting and Intermediary Account) Wallet. This system is specifically designed to safeguard deposits, ensuring their security. At times, the platform may request further confirmations after a deposit has been made, adding an extra layer of verification to the process.
Among the most frequently utilized payment methods offered by brokers of the Sharp Exchange are:
- Cryptocurrency – Digital currencies such as Bitcoin and Ethereum provide quick transfers and a layer of anonymity for your transactions.
- Ecopayz – A versatile e-wallet that enables secure and efficient online payments, along with other financial services.
- Astropay – A virtual prepaid card solution that allows for fast and protected online payments.
- Skrill – A trusted e-wallet that’s frequently used for betting and other online transactions.
- Bank Transfer – A reliable option for direct transfers between your bank account and the platform.
- Neteller – A widely recognized e-wallet offering both security and ease of use for online payments.
Sharp Exchange Withdrawals:
Withdrawals must be processed using the same payment method initially used for deposits. Transactions are typically approved within 24 hours, though the time it takes for funds to return to your account may vary depending on the deposit method.
Are There Know Your Customer Checks?
BetinAsia does perform simple KYC checks on their clients to make sure they adhere to regulatory standards. These are very simple and usually require some valid identification such as:
- Passport or ID Card
- Drivers License
- Recent Utility Bill
Does the Sharp Exchange allow trading software and API Access?
Currently, you are unable to use trading software such as Geekstoy with the Sharp Exchange. In the future, this may be made available but there are no plans at the moment.
The Best Betfair Alternative?
In conclusion, if you’re searching for a reliable alternative to Betfair that offers a comparable trading and betting experience, the Sharp Exchange is an outstanding choice. It provides accessibility for those restricted from using Betfair while maintaining the same market conditions.
Key advantages of using the Sharp Exchange include:
- No Premium Charge/Expert Fee – Keeping your profits intact.
- 3% Standard Commission – A simple and competitive rate.
- Liquid Markets – Ensuring smooth transactions with opportunities for betting and trading.
- Easy Sign-Up Process – Hassle-free account creation through the trusted BetinAsia platform.
With its user-friendly interface, robust liquidity, and potential commission savings, the Sharp Exchange stands as an appealing option for traders and sports bettors.