What are betting exchanges?

[YoGah]

What are betting exchanges and how do they work? It is interesting to find out what is the main difference between betting exchanges and traditional bookmakers and what advantages they offer to players.

[AleksShamles]

Betting exchanges provide players with the opportunity to bet directly against each other, rather than through traditional bookmakers. What are betting exchanges? These are platforms where participants can place their bets and set odds that other players can accept. Such a system gives more flexibility and often provides more favorable conditions, since bets are formed on the basis of offers from users themselves, rather than fixed odds from bookmakers. It also creates a competitive environment, which can lead to better wins.