• Trading in betting exchange

    Wednesday, August 25th, 2010

    The advent of the betting exchange has given rise to new types of gamblers – the trader and arbitrageur. Arbitrageurs (colloquially “arbers”) attempt to simultaneously bet on all possible outcomes to make a guaranteed profit. A trader operates similarly to an arbitrageur, but is willing to take on extra risk and bet on events where [...]

  • Betting exchange – In-play betting

    Monday, June 14th, 2010

    A further advantage to the exchange model is the ability to allow bets to be made in-running or in-play (i.e. to make bets while a race or match is in progress) without undue risk to the operator. This feature is generally restricted to the most popular events for which widespread, live television coverage is available. [...]

  • Laying in betting exchange

    Wednesday, April 28th, 2010

    Contrary to bookmaker and totalisation systems, betting exchanges offer the opportunity to lay, which is to bet that a selection will not occur. This is the position bookmakers have traditionally taken when offering a bet to somebody to back that the outcome will win. For example, if someone thinks Team A will win a competition, [...]

  • 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 – [...]

  • 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 exchange – [...]