Exchange betting theory

Exchange betting theory revolves around the idea of bettors acting as both predictors and risk managers by exchanging stakes directly with other participants, rather than betting against a bookmaker. This method allows users to set their own odds, accept bets from others, and often secure better value or reduced margins. It emphasizes market-driven prices, liquidity, and the collective wisdom of the crowd, enabling more transparent and flexible wagering. In essence, exchange betting leverages peer-to-peer transactions to create a more dynamic and efficient betting environment compared to traditional bookmaker models.