WBX stands for World Bet Exchange – the most technically advanced exchange betting platform based in the U.K and owned by World Bet Exchange Limited. Unlike traditional online bookmakers, WBX is a person-to-person bet exchange, where members bet with each other on the world’s leading sporting, political and entertainment events. WBX acts like a broker by taking a small commission from the winner of each bet placed. WBX acts solely as a facilitator, as all the prices have been set exclusively by their members with money they have already deposited. WBX guarantees the settlement of all bets and ensures that all money is successfully transferred in each individual transaction. WBX have spent millions on development and believe that their site is now the most reliable, secure and progressive betting platform in person-to-person betting as well as of the entire gaming industry. Their betting technology is constantly monitored and managed by world-renowned IT specialists Ultima Business Solutions.
WBX have no physical stores and are accessed only online or via mobile phone or tablet devices. They have specially adapted versions of their platforms for both mobile phones and tablet devices with no required downloads. Users can experience all the same features including opening and accessing accounts, withdrawals and deposits, place bets, check funds and all payments are made secure by Colt; a secure unit that many major national and international banks use to safeguard their services. Other software used by WBX include PaySafe Card, Skrill and Skrill 1-Tap.
Players can bet on horse racing, politics, motor racing, basketball, boxing, combat sports, tennis, soccer, rugby, ice hockey, golf, darts, hurling, snooker, athletics, greyhound racing, cricket and entertainment events such as The Oscars. Members benefit from no premium charges, better odds and low commission. There is an extensive list of bet types to choose from including American odds, Asian handicap, fractional odds, stake, void bet, hedge, odds against, open market, dead heat, each way and live betting to name a few.
All payments through WBX are made secure by Colt. Deposits can be made via credit or debit cards, E-wallets, instant banking or manual banking. Withdrawals can be made via credit or debit cards, E-wallets or manual banking. Some accepted credit and debit cards are Visa, Visa Electron, Master Card, Switch/Maestro, Diners Club, Laser, PostePay and Cartasi. Bank transfers and cheques are also accepted. The processing time for the majority of transactions is instant. Minimum amounts for deposits range between 5, 10 and 15 U.S Dollars or Great British Pounds. Minimum amounts for withdrawals range between 5-10 U.S Dollars or Great British Pounds. Euros, Australian Dollars and Canadian Dollars are also accepted.
The new WBX Member Free Bet Promotion is available to all members who register between 4 February 2013 and 31 December 2015. Members earn free bets for a period of 30 days after registration. When a new member wins or loses $100, they receive a free back bet worth $10. When a new member wins or loses $140, they receive a free back bet worth $14, $5 for a $500 bet, $7 for a $700 bet etc.