• Internet gambling

    Tuesday, July 20th, 2010

    With the arrival of the World Wide Web, many bookmakers have an online brand, although independently owned bookmakers often still maintain a “bricks and mortar” only operation and others operate a “skin” or “white label” operation which they purchase from one of the large firms as is the case with BetDirect and Betterbet . The [...]

  • 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 able to place [...]

  • 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”, in June 2000 – [...]