Unlike a bookmaker who sets and offers the odds or prices, a betting exchange allows bettors to select or offer their own prices and matches the bets accordingly. The site takes a proportion of all winning bets but the odds available are generally higher than standard bookmakers, even after the commission charged. See Back and Lay Calculator
a bookmaker that allows punters to bet at prices set by themselves rather than prices dictated to them by the traditional bookmaker
a facility where consumers place bets between each other on the outcome of a certain event
an online betting medium where punters bet against each other, and have the option of backing (to win) or laying (to lose) a horse
a person to person betting web site where you choose your own odds and back or lad the bet against other punters
a site where users can bet against each other, so there is no bookmaker margin (over-round) built into the prices
2 persons can bet on anything they wish at whatever odds they decide on. The winner pays a commission to the sports book
An online exchange where people deposit funds in order to make a bet. The exchange then matches people betting for and against, for example, a horse and they are paired off. Exchanges allow betting to take place up until the end of a sporting contest, providing people betting for and against an outcome can be found.
A place where people bet against each other. The exchange takes a commission from each winning trade.
A new betting medium where you make your bets not with a bookmaker but with other punters online. You can choose to either back an outcome as you would normally with the bookmakers, you can play the role of the bookmaker and 'lay' an outcome or you can simply 'trade' the betting market.
A betting exchange is a form of betting available on the internet. You and another person can bet on anything you wish at whatever odds you agree upon. The winner will pay a commission to the internet sportsbook.
