• Bookmakers

    Posted on January 13th, 2010

    Written by admin


    Have you ever wanted to be a bookmaker yourself? Do you trade bets with friends and colleagues? It is now time for you to step up your game and join the betting exchange at some of the best online bookmakers available today. Just like trading bets with your close friends, betting exchange allows you to trade bets with people from all around the world.

    Before you start the exchange, you would have to set the odds at better level than the bookies. Since you are the bookmaker for your own bet, you can simply set the odds yourself. Keep them acceptable though, since you need to have other bettor responding your betting exchange offer.

    The concept of betting exchange is based on two main principles: laying and backing. Laying means you are betting against the outcome of the sporting event; you are assuming the role of a bookmaker, setting odds and accepting bets. Backing means you are the one placing bets, just like placing bets with online bookies. Betting exchange can happen when both parties see the odds that they like and agreed to exchange bets.

    Betting exchange will automatically and anonymously match up bets from members with the exchange. The betting exchange system is designed so that each party is enjoying the right level of profitability and safety at the same time. The system also creates conducive bet exchanging environment, allowing you to maximize your profits as well as set the right odds by betting against other bettors’ opinions.

    This entry was posted on Wednesday, January 13th, 2010 at 9:47 am and is filed under Bookmakers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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