Archive for the ‘Betting exchanges’ Category

  • Exchanges and traditional bookmakers compared

    Wednesday, March 3rd, 2010

    Most exchanges make their money by charging a commission which is calculated as a percentage of net winnings for each customer on each event, or market. Gamblers whose betting activities have traditionally been restricted by bookmakers (normally for winning too much money) have found these sites a boon since they are now [...]

  • History of betting exchange

    Sunday, February 7th, 2010

    The concept of peer-to-peer betting – the precursor to a betting exchange – was first brought to the public by the UK website Flutter.com in May 2000. At the same time Irish-based betting exchange Betmart.com was launched into the UK. Soon after, UK-based Betfair launched what it originally called “open-market betting”, [...]

  • Betting exchange

    Wednesday, January 6th, 2010

    Horse racing at Arlington Park, 2007
    The term betting exchange is used to describe a form of bookmaking in which the operator offsets its risk perfectly through technology, such that the effect to the customer is that customers are seen to bet between themselves. Coined because of its apparent similarities to a stock [...]