A betting exchange is an online tool that allows gamblers to bet directly against each other, as opposed to betting against traditional bookmakers. As sports betting is essentially a game of opinions, betting exchanges allow their customers to set their own odds on the outcomes in any given sporting event.
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A betting exchange is marketplace that allows bettors to wager against each other at lower fees than those offered by a traditional sportsbook. Two customers agree on the odds and stake for a given game, and bet against one another. I may offer a $50 bet on Packers -3 against the Cowboys, and another user on the exchange can accept my offer and bet Cowboys +3.
Betting exchanges are online betting sites which match players together. They are essentially eBay for gambling. Instead of betting against the bookmaker, at an exchange you bet against other gamblers. The exchange simply provides the marketplace and technology to match punters looking to place opposite bets.
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Betfair’s Betting Exchange lets you bet against other people and get great odds on thousands of markets every day. Best Odds Bet In-Play Cash Out. Join Betfair Now »
Betdaq is far from a newcomer to the world of betting exchanges with 20 years of trading under their belts. It’s no surprise that they’ve built up a reasonable customer base over that time with their website easy to navigate and also mobile-friendly; their app is decent too.
The Smarkets betting exchange allows you to back and lay with the best betting odds and lowest commission on all major sports and politics.
The Betting Exchange. Join Jeff, Katie and our sports betting experts every Thursday at 5:30pm for the hottest takes, topics and games. 6 items.