BetConnect originally launched as a social betting network for sports fans and professional gamblers, although much has changed since.
Now, they’re bridging the gap between professional gamblers, matched bettors and savvy bettors who want the best price every time.
In this BetConnect review, we look at the pros, cons and value proposition of using this platform. It’ll be of particular interest if you’ve done some matched betting. Let’s begin!
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BetConnect Review: How Does it Work?
In recent years BetConnect has evolved into a unique betting exchange. Although they operate in a very similar fashion, the interface is very different to other betting exchanges you may have experienced. There’s a direct focus on traditional betting formats to increase appeal for recreational sports bettors.
As you can see below, odds formats are available in fractions and the default appearance looks like a sportsbook…
BetConnect monitors and lists prices on offer from major betting brands, as you can see above. Users select the price they want and place a back bet, which, in turn, is available for matching on the lay side. Users can switch between back and lay sides on the main header bar of the BetConnect website (shown below).
This is how user’s bets are matched against each other via the BetConnect exchange. Taking the biggest price may mean you aren’t matched instantly, although usually there is sufficient liquidity. For advanced users that meet the criteria, BetConnect does have an API.
For stake-restricted punters, this is a great way to get bets on at bookmaker prices. For matched bettors, it’s a great opportunity to lay bets at those bookie prices too…
Can You Make Money With BetConnect?
Damn right you can!
BetConnect only acts as a middleman providing the exchange matching facility. They don’t have skin in the game when it comes to winning or losing bets, so they don’t stake restrict betting accounts. Why would they? Winners are a good thing for them, it means more turnover.
Like all exchanges, they make their money by charging a commission on bets. We’ll explain the BetConnect commission rates in a second, but the main point we want to make here is; BetConnect allow winners. They don’t gubb or penalise players for their successes like a sportsbook.
Can You Use BetConnect For Matched Betting?
Yes, BetConnect is a matched betting-friendly platform. They love matched bettors, they’ve even built a specialist feature for them. Known as Matched Betting Pro, this feature allows users to temporarily freeze the odds that are on offer so they have time to place the counter-bet with a bookmaker.
You can see more about BetConnect’s Matched Betting feature by clicking here.
For players who use services like OddsMonkey it’s a win-win proposition.
Matched betting with BetConnect is a particularly good idea as it helps users avoid qualifying losses. Also, the sportsbooks have a harder time identifying matched bettors who use BetConnect because the prices taken on qualifying bets don’t have to align with traditional betting exchanges. Potentially, it’s another way to repeatedly slip under the trading team’s radar.
BetConnect commission is charged at a standard rate of 2%, although occasionally there are lower commission promotions available.
Betting Strategies for BetConnect:
There are many betting strategies that can be used with the platform although sports trading and automated betting strategies are not currently an option for the masses. There aren’t any maximum bet stakes set by BetConnect although getting thousands of pounds matched at the top price in anything other than football might be difficult. For this reason, the most popular betting strategies using BetConnect are likely to be matched betting or those sniping morning prices for value.
As you can see, BetConnect would have helped you beat the sportsbook prices here without account restriction (click the image to enlarge).
BetConnect Review: Our Verdict
In conclusion, BetConnect has changed considerably since its creation. There have been large improvements and their business model has evolved so it’s worth a second look if you’ve signed up in the past. The main concern is one that applies to all betting exchanges – liquidity growth. We’re quite happy to use their service ourselves and recommend it to others.
If BetConnect continues to develop and provide users with a low commission platform that doesn’t restrict and penalise successful sports bettors then we believe they could become a serious contender in the future.