What is the Best Online Betting Exchange?


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How we define the betting exchange and how do they work? How can you make money by buying and selling bets? Thank you

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Betting Genc 12 months 1 Answer 6829 views 0

Answer ( 1 )

  1. GoodBet

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    A betting exchange is not actually a bookie, it is a match making service that matches bets from backers and layers.  This is great for punters because there is no conflict of interest between you and the company.  Traditional bookmakers want you to lose.  Betting exchanges take a commission on bets so it actually works in their favor if you win as you bet more.

    When you are placing a bet you will be doing it against another individual or a market maker, which means that your odds when you place a bet on a betting exchange will be better than with a normal bookie.  They basically operate like a stock exchange showing orders (or bets) of gamblers that are either positive or negative about an event.

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