{"id":32359,"date":"2022-08-19T08:52:13","date_gmt":"2022-08-19T13:52:13","guid":{"rendered":"https:\/\/www.casino.org\/blog\/?p=32359"},"modified":"2023-02-17T04:23:13","modified_gmt":"2023-02-17T10:23:13","slug":"exchange-betting","status":"publish","type":"post","link":"https:\/\/www.casino.org\/blog\/exchange-betting\/","title":{"rendered":"Everything You Need To Know About Exchange Betting"},"content":{"rendered":"\n
While exchange betting is becoming increasingly popular, you may be wondering how this type of betting works. <\/p>\n\n\n\n
Well, you\u2019re in the right place. <\/p>\n\n\n\n
We\u2019ll cover everything you need to know about exchange betting, including how it gives bettors more control over their wagers and how it differs from standard betting, as well as the pros and cons.<\/p>\n\n\n\n
Exchange betting is when you bet against other gamblers<\/strong>, instead of the sportsbook, on a betting exchange (more on that next).<\/p>\n\n\n\n It\u2019s a popular and unique form of betting that\u2019s different to traditional wagering. <\/p>\n\n\n\n The odds are set by the bettors<\/strong> and are often more generous than what you\u2019d find offered by the bookies.<\/p>\n\n\n\n A betting exchange is an online platform where the exchange betting takes place. <\/p>\n\n\n\n As mentioned, on a betting exchange site, punters don\u2019t bet against a traditional bookmaker but instead take on each other, setting their own odds. <\/p>\n\n\n\n There are two types of bettors in a betting exchange: the ‘back’ bettor and the ‘lay’ bettor. <\/p>\n\n\n\nHow A Betting Exchange Works<\/h2>\n\n\n\n