Betting Exchange
On an exchange, users offer and accept odds among themselves and the platform takes a commission on net winnings instead of building a margin into the…
On an exchange, users offer and accept odds among themselves and the platform takes a commission on net winnings instead of building a margin into the price. This allows both backing and laying an outcome.
Exchanges need deep liquidity to work, which is why they concentrate on major sports and a handful of large markets rather than the long tail a traditional sportsbook covers.
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