Betfair Review: The Difference Between An Exchange And A Sportsbook
By davidg3907 in Strategy
27 September 2016 00:04
Betfair Exchange and Sportsbook - The Difference.
The simplest analogy is to say that the Betfair Sportsbook is the equivalent of a traditional bookmaker, and the Betfair Exchange is similar to a couple of friends having a bet between themselves on the outcome of a race, a match, or whatever.
Everyone is likely to be familiar with how a bookmaker operates, so I shall just endeavour to outline the concept of an Exchange.
Betfair - the original concept.... more