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What Is a netting exchange?
A betting exchange is a platform where users bet directly against each other instead of the house. The exchange facilitates transactions and charges a small commission on winnings, but takes no risk itself.
On an exchange, you can:
* Back a selection -- betting on something to happen (e.g., a team to win).
* Lay a selection -- betting against it (e.g., a team not to win).
This transforms every player into a potential bookmaker, offering odds, accepting bets, and trading positions live.
Why It matters
Traditional bookmakers set odds with built-in margins. Exchanges, however, rely on market demand, creating:
* Better odds through competitive pricing
* Full transparency with peer-to-peer betting
* Strategic flexibility to hedge or trade mid-event
For players ready to explore this new model, check out the dedicated BetExchange page on our website.
The Peer-to-Peer advantage
Exchanges attract players who value strategy and control. Whether you want to back favorites, lay risky bets, or trade outcomes mid-game, the exchange gives you tools bookmakers never could. It's a system that mirrors financial markets -- only in the world of sports.
* Contact us to learn how BetExchange powers this new model
Frequently Asked Questions (FAQ)
What's the difference between a bookmaker and a betting exchange?
A bookmaker sets fixed odds and profits from margins. A betting exchange lets users set odds and bet against each other.
What does it mean to "lay" a bet?
You're betting on something not to happen. Example: laying Team A to win means they must lose or draw.
Can I still place normal bets?
Yes. Backing works the same way as with bookmakers, but odds are set by users.
Why are odds better on exchanges?
No house margin. Prices are driven by demand, often making them more competitive.
Are there betting limits?
Only liquidity matters -- you can bet as long as someone matches it.
Is it safe?
Yes. Licensed exchanges handle settlements securely and fairly.
Source: Timeless Tech