Set your own odds against the punters!
Betfair was launched in June 2000 and has since gone on to become the largest online betting company in the UK. Not only that, it is also the largest betting exchange in the world. But who cares? Let’s go straight to the point.
What is Betting Exchange?
Betting exchange is an online marketplace for punters to bet against themselves on sporting and cultural events around the world. Betting against other people means you can choose whether to back (bet for something to happen) or lay (bet against something to happen) by offering odds to other bettors. This gives you lots of different possibilities, such as choosing the odds at which you bet at and making multiple bets on the same selection to try and guarantee a profit.
As an exchange, if you place a bet on a some team before the start of a match, by using a sports exchange, you will be able to change your position during the game. A key benefit of online betting exchanges is that they typically offer better odds than a traditional bookmaker, which is vital for a football trader who needs to find the best possible odds for a bet. In fact, research has shown that betting exchanges can offer up to 20% more value overall.
The Cash Out option is user-friendly configured and allows you to lock in a profit or loss before waiting for the event to finish.