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BETTTING EXCHANGES
Betting exchanges have become popular as they allow bettors to bet against
other punters. You can either place bets on an event where others have offered
odds, known as ‘backing’ or you can offer odds on an event known
as ‘laying.’ Laying is what bookmakers do. A betting exchange
is where the backers and layers are put in touch with each other online.
In exchange betting you can often find better odds. Betfair is the world’s
number one betting exchange and offer odds that are on average 20% better
than traditional bookmakers, who usually offer fixed odds. Betfair does
not offer odds itself, it just provides a system where existing backs
and lays are compared and matches the orders, so there is no profit margin
calculated into the odds presented.
Join now:
betfair.com
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