Wagering
"Laying" an outcome PDF Print E-mail
Written by Administrator   
Saturday, 30 January 2010 16:13

Exchanges also offer the opportunity to lay outcomes, which is to bet that a particular participant in an event will lose. This is the position bookmakers take when offering a bet for somebody to back that the participant will win.

For example, if someone thinks Team A will win a competition, he may wish to back that selection. A bookmaker offering the punter that bet would be laying that selection. The two parties will agree the backer's stake and the odds. If the team loses, the layer/bookmaker keeps the backer's stake. If the team wins, the layer will pay the backer winnings based on the odds agreed.

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History of betting exchange PDF Print E-mail
Written by Administrator   
Saturday, 17 October 2009 20:55

Deauville-Clairefontaine obstacle

The concept was first brought to the public by the UK website Flutter.com in May 2000 in person-to-person betting form, followed closely by UK-based Betfair in June 2000.

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Betting exchange PDF Print E-mail
Written by Administrator   
Monday, 17 August 2009 10:24

A betting exchange is a p2p 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.

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