Betting exchange is a betting portal, where two parties bet against each other. Winner gets the desired amount and pays a part of it to the betting exchange. Betting exchanges have inspired many people, as they have options to choose back or lay on better odds.. You can bet on any event such as football match, finance, horse racing, baseball match, or golf tournament, and can bet in between the event with better odds. The betting price is decided at the start of the event, but if you wish to change the betting price, you can change it any time.

Betting exchanges do not charge commission from losers. They earn commissions from the winners. The amount is charged from the net value of the event. Commissions offered by betting exchanges differ from exchange to exchange.

On-line betting exchanges are much better than bookmakers. Bookies charge a higher amount of profit as their commission. In on-line betting exchanges, you have to decide for the event that you want to bet, whereas with bookmakers, punters select the bet and better odds.

Betting exchanges are similar to stock exchanges,, you can back or lay any time. When you bet in events where odds are already placed, it is called as backing. Whereas, if you bet in an event, where you place better odds, it is called as laying. You can decide your betting price accordingly.

Betting exchanges can act as bookies too. Betting price is always quoted in decimals. One of the good aspects of on-line betting exchanges is that, you can ask for better odds and can register it without a betting license.

Gambling or betting involves many risk factors. However, they have inspired a wide range of market. However, at present, people consider it as a sport and entertainment. People willingly invest a lot of money and bet in multiple events. On-line offer opportunities as well as threats.

It is by far much better than bookmakers, as they charge less as compared to bookmakers. Betting exchanges do not take commission from losers, whereas bookmakers take commissions from both winners and losers.

On an average, odds offered by betting exchanges are 20% higher than odds offered by conventional bookmakers. It also allows to bet in most of the horse racing events. Finally, in betting exchanges, you bet against other individuals, so there is no need to pay the bookies.