to traditional sports betting. The Basics of Exchange Betting. The basic principle of exchange betting is relatively straightforward. A betting exchange essentially matches up people who wish to take opposite sides of a wager. For every wager agreed they are acting as the middleman between someone betting on a selection to win (the backer) and someone betting on that selection to lose (the layer).
When it comes to betting exchanges there is one that stands clear of the competition; that’s Smarkets. The big boys of the exchange world can be hard to separate when looking at factors such as the depth of sports and markets available because they all offer more than you’ll ever likely need.
The Smarkets betting exchange allows you to back and lay with the best betting odds and lowest commission on all major sports and politics.
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A betting exchange, also known as sports betting exchanges, is an online market for online customers to place bets on the result of specific events. Like a traditional bookmaker, exchanges offer similar opportunities to bet like a professional sportsbook but with some differences.
Betting exchanges are online betting sites which match players together. They are essentially eBay for gambling. Instead of betting against the bookmaker, at an exchange you bet against other gamblers. The exchange simply provides the marketplace and technology to match punters looking to place opposite bets.
OrbitX Exchange was established in April 2017, and quickly became one of the best well known betting exchanges. Powered by Betfair, OrbitX Exchange has made itself a name among betting exchanges, mostly for the Betfair-like characteristics which shares, those being: Identic odds. Same liquidity. NO Premium Charge.
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