An Introduction to Exchange Betting. When exchange betting was first introduced, at around the turn of the century, many believed it would revolutionize sports betting and lead to the demise of the bookmaker. It has certainly had a major impact on the sports betting industry, and it’s proved to be very popular with bettors, but it hasn’t yet. A betting exchange allows members to bet against each other rather than a bookmaker. Customers can offer odds to, or request odds from, fellow bettors. Check out our guide to the Betfair Exchange.
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