In theory, a Betting Exchange refers to a sports betting site that permits gamblers to make their own bets regardless of what the site may propose. In a way, this form of betting lets gamblers assume the role of bookmaker. There are two distinct betting categories: the Lay and the Back. Naturally, bookmakers are not involved in this kind of market. Those who which to play must connect to a Betting Exchange site in order to take advantage of other new forms of betting.
Exchange betting is an online marketplace where sports fans can trade wagers anonymously. The exchange platform merely acts as an intermediary because it’s the traders themselves who bet against each other on worldwide sporting events. Unlike traditional bets, exchange betting provides sports enthusiasts with even greater benefits.
Everyone knows how to buy odds by taking a bet with a traditional bookmaker. However, not as many are aware that it’s also possible to do the complete opposite. It involves selling odds based on the practice of sports trading or more simply, Betting Exchange. By betting this way, bettors can eliminate the need for bookmaker altogether. For that reason, it will be important to understand a few basic concepts about this kind of betting.
