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I Want To Bet. What Are Betting Exchanges?

Betting exchanges are sites that allow people to bet and lay bets based on the outcome of an event. It wasn’t until December 2000 that they emerged, changing the way the public could place bets. Betfair and Flutter were established first, with Flutter later merging with Betfair and then ceasing operation in 2002. Betfair is currently the largest betting exchange in the world today by market share. With BetDaq (also trading as Ladbrokes Exchange) coming a close second. Betting exchanges offer close to the same opportunities as regular high street bookmakers but with a few notable differences. For instance, you…

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