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A Beginners Guide to Betting Exchanges
A betting exchange allows people from across the UK, Europe and often the World to bet against each other. In other words, there is no bookie. All bets placed on an exchange are either by users who want to bet in the normal way (back), or to offer odds to other users (lay).
The main benefit of using an exchange to place bets is better odds. By matching people's bets players are often taking advantage of the disparity in odds across different countries, giving themselves the best available odds anywhere on the net.
At an exchange, people use their own judgment to place their bets and because they don't have to make a bookmakers margin they are able to offer better odds.
Key Facts
- You can BACK or LAY any selection.
- Ask for your own odds.
- Act as the bookmaker, by creating a book on all selections.
- Sell your matched bet before the events completion.
- Sports covered include: - football, golf, cricket, motor racing, tennis, American football, rugby, chess and more.
- LIVE in play betting markets on all the big sporting events.
- Most exchanges take a small commission on winning bets
- No commission if you lose.
- Most exchanges hold a UK bookmakers licence
Visit the Betsson European Betting Exchange
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