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bet exchange

A betting exchange is a marketplace for customers to bet on the outcome of discrete events. Betting exchanges offer the same opportunities to bet as a bookmaker with a few differences. Gamblers can buy (also known as "back") and sell (also known as "lay") the outcome, and they can trade in real-time throughout the event, either to cut their losses or lock in profit. Bookmaker operators generate revenue by offering less efficient odds. Betting exchanges normally generate revenue by charging a small commission on winning bets.

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  1. M

    Do you see betting as market where trading is taking place?

    If you take a look at some betting sites, you will notice that they have start replacing bet with market. The change in terminology started with betfair and other bet exchange sites but now most bookmarkers have adopted it. In your opnion, do you see betting as a market? In my opinion, bet can...
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