These two bets have made betting exchanges quite common. There are only two kinds of bets that you can place when you are engaged with a betting exchange.

Bookmakers set the odds with a ‘vig’ which is, their commission. It is a percentage of the estimated wins. Commissionīetting exchange sites generally charge a small commission fee on every bet. Bookmakers on the other hand, set the odds themselves which includes their own commission. Since betting exchange sites work as a free market with the punters controlling the odds, you can get better value in the odds presented by the betting exchanges. One of the reasons why betting exchanges are so popular among experienced punters is that they set good odds. Plus, the odds placed are often restricted and so, you will be making less money in case of an accumulator. The outcome in the accumulators cannot be determined by the punter easily as they are not placing the bet against fixed odds put forward by bookies. However, when it comes to accumulators, betting exchanges can restrict you. You have a lot of flexibility regarding placing bets on the outcome of your choice when you are involved with a betting exchange. Hence, by pitting customers against each other, betting exchange sites do not limit customers on which kind of bet they would make. However, unlike a bookmarker, the lay bets or back bets are placed against other customers playing in the betting exchange. These are: Betting on Outcomeīetting exchange sites allow punters to place a bet on any outcome of a match.

There are a few differences between betting exchange sites and bookmakers. T&Cs apply, 21+ Difference between betting exchange and bookmakers Blackjack Rules – How To Play Blackjack?.

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