However, since the reasonable thing from traditional bookies is placing bets to back an event, how is there an opposite outcome? And when both of you do so, at the same odds, the stake is successful. So what do we mean by matched?įor that same event, another player must be willing to bet on the opposite outcome, which is against you. At that point, your bet is not successful until it is matched with another player. So when you spot an event, you set your odds and specify the amount you would love to stake. Whatever odds you wish to bet with is in your hands as a punter. A betting exchange offers you the platform to bet on events however, they don’t do the job of fixing the odds. The logistics may not still make sense to many, so let us break down how it works. In short, an exchange does the work of matching two bettors. Then another player who would like to stake at the same odds places a bet against you. Instead, they allow you to work with your preferred odds you place your bet. However, an exchange does not give you fixed odds.
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