What is a Betting Exchange?

A Betting Exchange allows registered members to place bets against each other on any sporting or special event covered by the exchange. Rather than betting against a bookmaker and taking the odds they dictate, members bet against each other and agree to their own fixed-odds price.

The Betting Exchange acts as a facilitator for this transaction and retains a commission (collected from the winning bet) for this service.

Due to the nature of the system, Betting Exchange’s offer the following advantages over traditional bookmakers:

• Better odds for the punter due to the low commission structure.
• Fluid market movements – as the odds are set by each individual member, there is no need to adjust markets due to external factors such as injuries etc. This happens constantly as individual members manage their own bet offers.
• No betting risk to the exchange.