What is sports betting exchange?

[Bubbles]

Can someone please explain to me how this worked?

 

[sprint]

A betting exchange is a marketplace for customers to bet on the outcome of matches. Betting exchanges offer gamblers to buy (also known as "back") and sell (also known as "lay") the outcome, and they can trade in real-time throughout the event, either to cut their losses or lock in profit. . Betting exchanges normally generate revenue by charging a small commission on winning bets.

 

[Bubbles]

So this is between two players?

 

[BMR_Brad]

So this is between two players?

Yes, like Betfair.

One bettor puts up an offer and other bettors can bet against them.

No bookmaker in the middle. Players set our own prices through market demand.

 

[Bubbles]

Yes, like Betfair.

One bettor puts up an offer and other bettors can bet against them.

No bookmaker in the middle. Players set our own prices through market demand.

So this happened whenever you first created your account with a specific Sportsbook?

Or you need to ask or request them to avail this after creating a regular account?

 

[BMR_Brad]

Sportsbooks do not offer it.

betfair.com
fairlay.com
matchbook.com
smarkets.com
betdaq.com

are all betting exchanges.

 

[Bubbles]

Sportsbooks do not offer it.

betfair.com
fairlay.com
matchbook.com
smarkets.com
betdaq.com

are all betting exchanges.

Thank you, Brad.