What are horse racing betting exchanges
A betting exchange is a person to person gambling website acting as a broker between parties for the placement of bets. The concept is similar to that of a stock exchange or a futures exchange, where in this case the commodity being traded is a bet, rather than a stock or futures contract. Most betting on a betting exchange is a form of fixed odds gambling. betfair.com is the UK's largest betting exchange. Thanks for 82ASKing!
Updated on Friday, February 03 2012 at 07:11AM GMT
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