Understanding the Betting Exchange
A betting exchange works differently from a traditional sportsbook. Instead of betting against the house, you bet against other players, while the platform acts as the middleman.
Two main ways to bet:
- Backing A standard bet on an outcome you believe will happen, such as backing India to win a match.
- Laying Betting against an outcome by acting as the bookmaker and accepting another player's back bet.
- Commission A small commission, generally between 2% and 5%, may be charged on net exchange winnings.