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Bet Exchange
A Bet exchange works on the principle of a sport bet between to football fans who quarrels about the result of a coming game. If the 2 wan to bet on a result against each other, the bet exchange take the function of a trustee. For his given service the bet exchange takes normally a small commission on reached profits. the losing bettor lose his stake.
In comparison of the odd-offer of classic bookies, at bet exchanges privat persons place their bets against each other and make the odds on which they accept a bet for themselve. Nearby it will be placed on a result (= back-bet) but also against a result (= lay-bet).
The most popular bet exchanges are:
Betfair - Mybet - Betsson
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