Who actually wins in betting exchanges?
The real goal in a betting exchange should be the fun and excitement, rather than trying to ‘beat’ a bookmaker. Since betting exchanges are operated through legitimate and licensed gambling and betting websites, the sites take a commission from any winnings, which is usually around 5%. So, just as it is the case in the majority of bookmakers, the sites gain money when they encourage people to use the betting exchange. As a backer, if you win, you’ll make more money than if you’d placed your bet with a conventional bookmaker. Another popular form of betting in direct betting exchanges is betting together with an outsider who is backing the bet. Of course, if they win the bet, big dividends are paid, but the converse is true too: if they lose the bet, they also lose more money. As a layer, although you’re acting as a bookmaker you’re going ‘head-to-head’ with one other person, using your judgment against theirs. You’ll probably be an experienced gambler and able to use your knowledge to
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