Betconnect Review 2019 – Definitive Betconnect Betting Exchange Review

Betconnect review 2019

Betconnect review 2019 – Betconnect is one of the newest and most innovative betting exchanges in the industry, but should you use their platform in 2019 and what advantages do they have over other exchanges?

Read our definitive review below to find out more.

What’s in this Betconnect review?

First things first, what are you going to find in this Betconnect review?

Choosing a betting company can be a tricky process and with so many options available to new punters, your task is made even more difficult.

Whether you’re picking a new bookmaker or opening an account with a betting exchange, there are plenty of decisions you need to make along the way. Our aim is to help you make the right decision from the get-go, so you can get started as soon as possible.

In this review, we’ll cover all the most important factors that you should consider before opening a new Betconnect account and whether they are a good option in 2019.

Before we get into the Betconnect review, let’s clear a few things up.

What is a betting exchange?

For those of you that are new to the world of betting, you may not know what a betting exchange is and how they work.

In simple terms, an exchange is an online betting platform that matches punters looking to place opposite bets. A betting exchange doesn’t take on any bets like a traditional bookmaker and they make money in a different way.

They charge a commission on players’ net winnings rather than building a profit margin into the odds they offer their customers. This means the punter usually has access to better value odds compared to a traditional bookmaker like Coral or Ladbrokes.

There are a number of key players in the exchange industry including:

Betfair were the ones who developed the betting exchange model back in 1999 and they’ve done incredibly well since. They’re still the largest and most popular exchange in 2019. However, they’ve faced increased competition over the last few years as more companies have evolved.

If you’d like some more information, I’ve written a more in-depth article on betting exchanges and their place in the online betting world.

What is Betconnect?

Right then, let’s get into the Betconnect review! To kick things off, let’s look at what Betconnect is and where they fit in.

Betconnect differs from other betting exchanges in that they are a social betting platform. As a punter, you can follow and copy the exact bets of professional tipsters with just a few clicks of your mouse.

No more guessing who you think will win or lose, you can look at actuals stats and follow the most profitable gamblers. This is a sure fire way to increase the profitability of your betting in 2019 and beyond.

What is Betconnect?

Betconnect background

Founded in just 2018, Betconnect is relatively new in the betting scene.

However, in their short history, they’ve gained a lot of attention in the industry by creating an innovative social betting model.

As we know, Betconnect is a betting exchange with a difference. Like other exchanges, they simply act as the go-between for punters looking to place bets. However, Betconnect match professionals in the knowledge with amateur punters with less experience.

The team behind Betconnect has developed a very clever model that meets the high demand for betting tips in 2019.

Social betting and tipsters

Social betting platforms are relatively new in the betting world. However, there’s a high demand from amateur punters looking to follows tips and advice from more experienced and professional gamblers.

Tipster sites have been around for a while now, however, they’ve seen massive growth over the last few years as individuals place more bets on their mobile devices and interact with betting in a more sociable way.

Amateur punters want to share their latest bets with their friends and family, increasing the overall entertainment of betting. This demand has paved the way for social betting sites and tipster sites where individuals can follow the most profitable bettors.

Betconnect have taken this one step further allowing punters to place bets directly within their betting platform. They’re essentially the eToro for betting.

Professionals and punters at betconnect

When you first get started with Betconnect, you can sign up for one of two accounts. You can either register a professional account or a punter account.

Betconnect accepts any type of gambler on their platform. You’ve got serious gamblers on the professional level that may have been banned by a number of bookmakers and complete newbies at the other end.

Professional accounts

The first type of account you can register is a professional account.

Professional accounts at Betconnect

Using this account, you can create Bet Requests (more on these later in the review) for punters to match and effectively share your betting knowledge with amateurs.

As I mentioned earlier, professional punters at Betconnect are typically gamblers that have been banned by bookmakers as they were so successful. What’s more, you can easily follow the most profitable pros by checking their account stats.

For those of you getting started with pro accounts, Betconnect is unlikely to ban or gub your account as other bookmakers do.

Punter accounts

Most of you reading this Betconnect review are probably after a punter account.

Betconnect punter account

With this account, you can follow the exact bets professional’s place and benefit from their experience and knowledge.

However, you’re not limited to following their advice. If you disagree, you can follow your own gut instinct and bet against their suggestions.

Once you’ve created a punter account with Betconnect, you can check out account profiles from professional gamblers.

You can see their average ROI which is shown in a percentage, as well as the number of Bet Requests they’ve generated and their weekly profit/loss stats. This effectively shows how profitable a pro is and whether they’re worth following.

Betconnect pros

If you like the look of a professional, you can press the Connect button. This saves the account so you can easily come back to it in the future. You can find your connected accounts by visiting the corresponding tab.

All in all, you’re likely to pick more winners when you follow experienced bettors, making the punter account very effective for betting newbies.

Note: You can sign up for a pro or punter account or both. However, for this, you’ll need to use different email addresses and effectively create two separate accounts.

Betconnect review – How does the platform work?

As you’ve probably gathered, Betconnect is not like your normal betting exchange. You can’t log in and place a bet on any market you like, you’re restricted to bets that professionals create.

However, that doesn’t mean you should ignore Betconnect. You can still make a great profit using their platform.

If you register a punter account, you’ll have access to professional bets via something called a Bet Request. More on these in the next section.

What is a Bet Request?

I’m assuming you’ve probably not heard of Bet Requests before, so in this part of the Betconnect review, we’ll look at what they are and how they work.

As I mentioned in the last section, you can only place bets via the Bet Request method if you are a punter. If you have a pro account, you’ll be creating Bet Requests.

When you first log in to your Betconnect account, you’ll see the Bet Request button. If you push the button you’ll receive a number of suggested bets. In simple terms, this is a bet that the system thinks you should place.

Betconnect - What is a Bet Request?

Note: You can customise the type of bets you receive and from whom you receive your bets in your account profile.

Depending on your contact preferences, Betconnect may also send you Bet Requests via email or WhatsApp. If you’re serious about making money with betting, I suggest you leave all these settings turned on. You don’t want to miss out on any profitable bets.

Before you go any further with a Bet Request, you’ll first need to deposit the required liability. More on this and different payment methods later in the review.

If you like the look of a Bet Request, you can go ahead and match it. From there you have a number of options. You can either Copy, Follow or Lay the bet.

This is what each of the options means.

Copy – Where you place the same stake as the Bet Request, at a bookmaker of your choice offering the same odds or better.

Follow – Where you place a higher stake than the Bet Request, at a bookmaker of your choice offering the same odds or better.

Lay – Where you choose to bet against the Pro, lay their Bet Request and take no further action.

Once you receive a Bet Request, you’ll have a maximum of 15 minutes to act on it. After that time has passed, you’ll have to look for another Bet Request. You can see the countdown timer within the Bet Request.

Betconnect Bet Request timer

Betconnect review- Key considerations

As Betconnect is different from other betting exchanges, we need to consider slightly different aspects in this Betconnect review. Here’s a list of the things we’re going to look at.

  • Markets
  • Commission rate
  • Promotions
  • Payments

Betconnect markets

Markets are the backbone of any betting company so that’s what we’ll look at next in this Betconnect review.

Considering Betconnect is still relatively young, they have a great range of markets available to punters. Here’s a list of markets you can find at Betconnect:

  • American Football
  • Baseball
  • Basketball
  • Boxing
  • Cricket
  • Darts
  • Football
  • Golf
  • Motorsport
  • Rugby League
  • Rugby Union
  • Snooker
  • Tennis

Commission at Betconnect

Similar to other betting exchanges in the industry, Betconnect charges a commission on players’ net winnings. However, this charge is only for professional accounts. This commission is charged on all bets regardless of the outcome of the event and is calculated at a maximum of 3%.

Bettors who sign up with a punter account will never pay any commission at Betconnect. This is one of the most appealing aspects of using the Betconnect betting platform.

Betconnect hands down beat other betting exchanges when it comes to commission rates. Here’s what other exchanges charge:

  • Smarkets – 2%
  • Betfair – 5%
  • Betdaq – 2%

Overall, the commission rate at Betconnect is great for punters and still competitive for professionals.

Customer support

As with anything these days, be it online or offline, customer support is a major priority for individuals. We’re looking for quick response times, knowledgable support staff that help answer questions and a range of contact methods for ease of use.

At the time of writing, Betconnect has a limited range of support methods offering just email and live chat during selected working hours. However, the support staff are top notch.

As the platform develops over time, I expect to see more support options being offered such as support tickets and maybe a phone service.

Betconnect promotions

Next up in our Betconnect review, we’re going to look at the promotions the company offer new customers.

Welcome offers and other bonuses play a huge role in online betting in 2019. You’ll find that most bookmakers offer some kind of promotion for new customers.

Betconnect promotions

You’ll be pleased to know, Betconnect is no different. They offer new customers up to £50 in free matched bets. This is an awesome promotion that is certainly worth signing up for.

Payments methods at Betconnect

Next up in our Betconnect review, we’re going to look at the payment method options you can use to deposit and withdraw from your account.

As I mentioned earlier, you won’t be able to Match a Bet Request unless you deposit the required liability.

You can deposit into your account using various credit and debit cards and you can use the same methods to withdraw your funds from your account.

The payment methods are somewhat limited at the time of writing, however, I expect this to change in the near future as Betconnect further develop their platform. I’d like to see various eWallet providers to better compete with other betting exchanges.

Betconnect reliability

Reliability plays a big role in any digital company which is why we’re going to look at that next in our Betconnect review.

Despite Betconnect being a new betting company, they still offer an incredibly reliable platform for customers.

Whilst there are relatively few customers when compared to other betting exchanges, we’ll start to hear more and more reports on the reliability of the Betconnect platform over the coming months.

Having said that, I’ve had no problems with the reliability and think it’s a very strong start for the Betconnect platform.

Using the Betconnect platform

Now you know a little more about the key aspects of Betconnect, let’s look at what’s it like to use the platform on a regular basis.

As Betconnect don’t need to show hundreds of markets to their users, their user experience is very simple. Their website and mobile app designs are very modern and user-friendly.

Like other betting companies, Betconnect allows you to check your profit and loss over certain time periods. You can view this in your punter profile section.

You can also see the number of Bet Requests you’ve matched and the number of rejected Bet Requests. Betconnect also gives each account a rating out of 1000.

Where is Betconnect available?

Currently, Betconnect only accepts accounts from those who live in the UK. This means you’ll need to have proof of a UK address as well as a UK payment method.

However, I think this will change in the near future as Betconnect looks towards different territories.

Betconnect and matched betting

For those of you interested in making a guaranteed profit online, you may want to check out matched betting. Whilst I won’t go into the details in this Betconnect review, no risk matched betting is a way of making a guaranteed profit from bookmakers free bets and other promotions.

By using Betconnect as your betting exchange and placing your lay bets, you can avoid losing any money as you typically do at other betting exchanges like Smarkets and Betfair.

This makes matched betting even more profitable, allowing you to keep more money in your bank account.

How does it work?

So your probably interested in how this process works for matched bettors. As there is quite a bit to this method, we’ll save it for another article.

All in all, Betconnect is certainly a betting platform you should consider using if you’re looking to take advantage of bookmakers promotions using matched betting. It’s certainly more profitable than using the likes of Smarkets or Betfair.

However, you will be limited in terms of what markets you can place your bets on.

Betconnect review – A good option in 2019?

Overall, are Betconnect a good option for your betting in 2019?

In a betting industry that has followed the same model for a long time, Betconnect offers a new model and a fresh approach that may put a serious challenge to competitors in the future.

  • They offer zero commission meaning there’s plenty of profit in it for punters.
  • You can follow some of the most profitable professionals that have been banned for winning too much
  • And much much more

You can get started with Betconnect by clicking the link below:

Let me know your thoughts of Betconnect and whether you’re going to open an account with them in 2019 by leaving a comment below right now.