Betting exchanges

If you are new to the internet you might be wondering what all this talk is of "betting exchanges" is about.

The betting exchange started about 7-8 years ago, the original exchange was "flutter," here you could back your opinion against anybody who was willing to lay your bet.
There was,nt any bookmaker involved, it was all "peer to peer" and it still works the same way today, only on a far bigger scale.

The problems associated with trying to get your money on with your friendly bookmaker when you are a winning punter dissapeared relatively quickly overnight, there is always somebody willing to take your bet on the exchanges.

The beauty is you can stake large bets on the back side and also the lay side (just like a bookmaker taking your bets). You can act as bookmaker if you wish,

Also the exchanges have a pretty active "place only" market where you can just back the place part of a bet if you wish.

There are millions of pounds traded every week beetween punters offering different opinions on the outcome of virtually all the majour (and minor)racing/sporting/financial/reality tv shows, you name it and its probably there.

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