"Best Sports Betting Websites" – Is The Sportsbooks’ Or Sports Betting Exchanges Better?

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When people initially get into betting online, they tend to overlook the big online betting exchanges since they don’t understand how they work or how they could possible function and fund the amount of people using them. The more common answer is usually that they have no idea what a Betting Exchange is

As they are becoming part of ordinary internet life now, more and more people are becoming interested as they are seeing some of the ridiculous claims that people make and prove continuously with regards to Sports Betting.

Betting exchanges aren’t as greedy as betting firms as they only take a small commission of winnings, since exchanges function more like the financial markets. People place money down at the odds they want and someone else will have to match those odds at such a price for the money to go in. Buying and selling is the equivalent to backing and laying on the races and events.

The odds in betting exchanges also are dependent on the money placed by the punters. So when your looking at odds on Betfair, they are not at all related to the bookies odds, or Sports’ book odds. They are usually just influenced by them. They are a numerical conversion of the amount of money put on at that price. So if a market rapidly drops that usually because a ton of money has just been put on at very low odds, it’s not because the racing post says so, or best odds says so, it’s because of the people using it.

Now betting exchanges are expanding, they are trying there best to be accepted in other countries outside the UK and some of Europe. Not to long ago now, a massive case was raised to legalize Betfair in Australia, and now it’s available to the Aussies as well. So I wouldn’t be surprised if it hits the US soon. You will always walk away at the end of the day with a larger profit using an exchange instead of a sports book.

Source by Christopher Antony

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