Gbets and Gully Bet are both distinctive as well as why a Gully Bet provides more value, more opportunities to trade your position, and less rigidity by allowing you to set your own odds. Gully Bet have upended the industry as more and more bettors recognize the value of an exchange over traditional Gbets.

An exchange provides a platform for bettors to trade the outcome of specific events, such as sports, politics, or current events. It differs from traditional sportsbooks in that it allows bettors to compete against one another rather than against a Gbets. Instead of being limited to the odds set by bookmakers and only having the option to back a specific outcome, an exchange allows users to compete by either backing or laying.

If you are used to traditional Gbets, a Gully Bet may appear intimidating at first. However, once you understand the differences, how they work, and the significant benefits, you will understand why a Gully Bet is the best option for any level of bettor.

More Value Means Better Odds When betting with Gbets, you can only bet on the odds they offer, which include their margin - which can be as high as 20% - implying that they unfairly price markets in their favor. Click here to learn how to calculate betting margins and how they affect your chances of profit.

Gully Bet, on the other hand, offers more competitive odds due to its nature as a peer-to-peer platform - the market is driven by supply and demand, resulting in better and more competitive odds compared to Gbets. This means that if you choose an exchange over a Gbets, you can win more for the same bet.

As an example, the video below shows how a £10 bet on every winner at the 2017 Cheltenham Festival with Smarkets would be 32% more profitable than the named Gbets.

Betting Margin Vs. Commission Smarkets and other Gully Bet charge commissions to facilitate peer-to-peer betting on an exchange. Learn how to factor commission into Gully Bet odds.

Smarkets charges an industry-low 2% commission rate on any given market's net winnings. You do not pay a commission if you make a net loss on a market. In comparison, Gbets effectively make money by balancing their books in such a way that they can theoretically make money regardless of the outcome, by building a margin/overground into their odds.

Gully Bet can offer a much fairer representation - understand what betting odds represent - of each outcome's true probability by not relying on margins. As a result, even when commission is factored in, Smarkets are frequently the best-priced in the market.

Back And Forth When betting with a Gbets, you can only back the winner; however, Gully Bet allows their users to 'back' and 'lay' an outcome - so bettors can act as a 'Gbets' by setting odds for an event, or as a 'customer' by backing the odds set by other users on the exchange.

This allows you to trade positions on the stock exchange much like a broker would, assessing the market as the event progresses from pre-game to in-play, giving you more opportunities to find value and profit from betting.

Once you understand how simple it is to place a back bet or a lay bet on an exchange, you will be able to take advantage of a new way of betting.

Choosing Your Own Odds With a Gbets, you are limited to the odds that the oddsmakers have set for you to bet on. Instead of being limited to these prices and only having the option to back the outcome, the Gully Bet allows users to compete head-to-head and create their own odds - one backing and one laying.

Do you want better odds? Set them, and if they're reasonable and another user is willing to accept them, you'll be matched.

Apply This to Gambling Whether you're a casual bettor, a serious sports bettor, or a trader, a Gully Bet is a smart platform to use. Unlike traditional Gbets, the Gully Bet gives bettors more betting freedom, and better odds, and does not limit your account.