Exchange Betting

Exchange betting is a form of betting where you can both place bets to win (back) and bet against (lay) a particular outcome, like betting that a team will win or lose. Instead of a bookmaker setting the odds, the exchange acts as a marketplace where users bet against each other. If someone wants to back a team, others can lay it, effectively acting as the bookmaker. The platform matches these opposing bets, and you can trade positions during an event to lock in profits or minimize losses. It offers more flexibility, transparency, and often better odds than traditional betting with a bookmaker.