Betting exchanges enable sports fans to bet against each other on the outcome of a football match, horse race, cricket match and so on.
By eliminating the bookmaker's profit margin, they can provide a better value bet.
Launched in 2000, Betfair is the dominant betting exchange. The UK-based company pioneered the betting exchange concept where customers bet against each other,...
BETDAQ is the second largest betting exchange in the world. An advantage that BETDAQ has over Betfair is the lower commission it charges.