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Still looking for deals on Betting exchange ? Find our amazing Betting exchange offers at our top source site today where we have compared Betting exchange for you. ask.com About Betting ExchangeA betting exchange is a [peer-to-peer] [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 has been a form of [Fixed-odds gambling]. History The concept was first brought to the public by the [United Kingdom] website Flutter.com in May 2000 in person-to-person betting form, followed closely by UK-based [Betfair] in June 2000. Betfair embraced a pure exchange model - one Flutter later adopted and, some say, even improved upon in places - but first-mover advantage proved decisive for Betfair. Though Flutter managed to climb to a reported 30% market share, Flutter's backers were content to broker a merger which left Betfair the dominant partner by a reported ratio of 84:16. Post merger, Flutter's customers were transferred to Betfair's system, which was later upgraded to embrace some of Flutter's functionality. Betfair went from strength to strength and controls a reported 90% of global exchange activity today. In late [2004], Betfair announced a rescue package which resulted in it absorbing the customers of [Sporting Options], which had gone into administration with debts in excess of £5 million. As with other types of exchanges, betting exchanges thrive on [liquidity] and customers tend to focus on the exchange where they are confident their bet can be paired up with a matching counterbet. Breaking with British tradition, Betfair uses [decimal] odds instead of [Fixed-odds gambling] because they are more popular globally. Some of its competitors allow customers to use fractional odds if they prefer. Most exchanges make their money by charging a commission which is calculated as a percentage of net winnings for each customer on each event, or market. Gamblers whose betting activities have traditionally been restricted by bookmakers (normally for winning too much money) have found these sites a boon since they are now able to place bets of a size unrestricted by the exchange - the only restriction is that one or more opposing customers need to be willing to match their bets. Moreover, the [odds] available on a betting exchange are usually better than those offered by bookmakers, in spite of the commission charged, because the middle man is eliminated. Exchanges currently have some limitations. Exchanges are not currently suited to unrestricted multiple parlay betting. Betfair does offer accumulators but these are limited in number and type: Users cannot determine the outcomes contained in accumulators themselves. Exchanges also tend to restrict the odds that can be offered to between 1.01 (100 to 1 on i.e. 1 to 100) and 1000 (999 to 1). Unsurprisingly, Betfair's success has attracted a number of rivals. Laying Exchanges also offer the opportunity to lay, which is to bet that a selection will lose. This is the position bookmakers have traditionally taken when offering a bet to somebody to back that the outcome 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 the winnings based on the odds agreed. As every bet transacted requires a backer and a layer, and the betting exchange is not a party to the bets transacted on it, any betting exchange requires both backers and layers. Of course, the distinction is moot: A layer is always simply backing the opposite outcome. Laying the home team is the same as backing the visiting team to win or draw. Laying one horse in a race is just the same as backing all of the other horses to win. "Trading" The advent of the betting exchange has given rise to a new type of gambler - the trader. Traders are generally not concerned with the final outcome of an event, but instead bet on both sides of a proposition prior to the start of the event. If he can back the proposition at longer odds than he lays he will make a profit. Almost all betting exchanges charge commission on net winnings only, which suits the trader's high turnover, low profit strategy. The profit or loss for a trader will typically be no more than 10% of the total amount of his combined back and lay stakes - so to make meaningful amounts of money a trader needs to commit a relatively large amount of capital. The trader therefore runs the risk of having a large unwanted bet on an event if he is unable to close his position before the event starts (e.g. if there are technical problems with the exchange). Controversy The fact gamblers can now lay outcomes on the exchanges has resulted in criticism from traditional bookmakers including the UK's "Big Three" - [Gala Group], [Ladbrokes] and [William_Hill_plc]. These firms argue that granting "anonymous" punters the ability to bet that an outcome will not happen is causing [corporate corruption] in [sports] such as [horse racing] since it is much easier to [race fixing]. Exchanges counter that, while corruption is possible on any gambling platform, the bookies' arguments are motivated not by concern for the [integrity] of sport but by [commerce] interests. Exchanges also assert they are well aware of who their customers are and some have signed agreements with [sport governing bodies] of sport including the [Jockey Club], with whom they insist they will co-operate with fully if the latter suspects corruption to have taken place. In the summer of [2004], Betfair provided data to investigators, including the [City of London Police] which on [September 1] lead to 16 arrests on charges related to [race fixing]. Among those arrested was champion [jockey] [Kieren Fallon], whose case remains before the courts. See also
Betting exchanges
External links
Information Reference: Wikipedia.org Betting exchangeQuestions and AnswersWe would like to set up a betting exchange. Do you know where to find the software?How much will cost?A) I think you will discover that the current "operators" of such systems would not be too happy with your idea (nor would HM Government). Medically ? = I would say 'an arm and a leg' (or maybe both legs) Legally ? = about 5 to 10 years ..We would like to set up a betting exchange. Do you know where to find the software?How much will cost?A) I am afraid you are too late. Even the newer exchanges are struggling behind Betfair insofaras they have insufficient support to be able to challenge the prices which are available on Betfair. It seems to me that the train has left the station. Betfair is now a huge operation - your task is like setting up a supermarket to challenge Tesco.Betting on the exchange rates? Is it worthwhile? Can it be a get rich quick scheme?A) If it were a get rich quick scheme many people would do it. The market would adjust so that it would no longer be a get rich quick scheme. Two ways to answer your question: one is to try it, the other is to open a spreadsheet and do a dry run. If anyone has a get rich quick scheme they'd keep it to themselves. Sorry, but someone's gain is someone else's loss. The majority who bet on exchange rates will not be making a significant profit although some will be betting for "insurance" and money-laundering purposes.Does anyone have a link?Q) Does anyone have a link to good betting exchange sites please.A) http://www.gamebookers.com/cgi-bin/intro.cgi?pid=4553037 there you go :)A police officer pulls a guy over for speeding and has the following exchange:?Q) Officer: May I see your driver’s license? Driver: I don’t have one. I had it suspended when I got my 5th DUI. Officer: May I see the owner’s card for this vehicle? Driver: It’s not my car. I stole it. Officer: The car is stolen? Driver: That’s right. But come to think of it, I think I saw the owner’s card in the glove box when I was putting my gun in there. Officer: There’s a gun in the glove box? Driver: Yes sir. That’s where I put it after I shot and killed the woman who owns this car and stuffed her in the trunk. Officer: There’s a BODY in the TRUNK?!?!? Driver: Yes, sir. Hearing this, the officer immediately called his captain. The car was quickly surrounded by police, and the captain approached the driver to handle the tense situation: Captain: Sir, can I see your license? Driver: Sure. Here it is. It was valid. Captain: Who’s car is this? Driver: It’s mine, officer. Here’s the registration. Captain: Could you slowly open your glove box so I can see if there’s a gun in it? Driver: Yes, sir, but there’s no gun in it. Sure enough, there was nothing in the glove box. Captain: Would you mind opening your trunk? I was told you said there’s a body in it. Driver: No problem. Trunk is opened; no body. Captain: I don’t understand it. The officer who stopped you said you told him you didn’t have a license, stole the car, had a gun in the glovebox, and that there was a dead body in the trunk. Driver: Yeah, I’ll bet he told you I was speeding, too.A) again top marks lol 10/10serious gamblers only?Q) just how good are the exchange bots ? such as betangel pro , bet- ie, and x-bot ???? what sort of monthly return could you expect with a 500 float ? also can you explain as much as possible about dutching , and trading , ? which is most dangerous , and which returns more profits ? can you recommend any other systems which can outdo the bots ???????????? thanks I SAID SERIOUS GAMBLERS ONLY....... THE FIST 4 ANSWERS PROVE THEY ARE TOTAL IDIOTS............AND KNOW NOTHING... DO NOT ANSWER THIS QUESTION UNLESS YOU KNOW ALOT MORE THAN ME ANSWER TO BUFFY , MY SYSTEM INVENTED MYSELF IS TURNING 8OK PER YEAR BUT ITS A FULL TIME JOB JUST WANTED TO KNOW IF THE BOT CAN DO THIS FOR ME WITHOUT LOSING MY CAPITOL , SO AS THAT I CAN PARTY ALL DAY EVERY DAY INSTEAD OF JUST WEEKENDSA) Dutching would be going halfway financially - or either party pays equal shares. Trading is upping the odds towards the roof of the bet and is not a good thing as you might lose it all. Having a floater means you need to flush it again old boy! good luck with your pullin'USA horse racing?Q) Are there any UK bookies or UK exchanges that take US racing bets on line ? Also where can I get info on runners in US horse races ?A) Sorry can't help you with bookies over there, but you can visit the sites for what tracks you are interested in and downlaod the days race card. you can even get selections for the races, if you desire. Here are some links for you:http://www.nyra.com/index_belmont.html ( Bemont, Saratoga, Aqueduct) http://www.hollywoodpark.com/ http://www.dmtc.com/ http://www.churchilldowns.com/ Del Mar and Saratoga are our premier tracks in the Summer. Hope this helps, and enjoy! PS. How about that LAVA MAN?What do you think? funny?Q) Last one as I have to get ready for work!!!!! If you ever get pulled over for speeding! A police officer pulls a bloke over for speeding and has the following exchange: Officer: May I see your driver's license? Driver: I don't have one. I had it suspended for speeding. Officer: May I see the registration for this vehicle? Driver: It's not my car. I stole it. Officer: The car is stolen? Driver: That's right. But come to think of it, I think I saw the registration in the glove box when I was putting my gun in there. Officer: There's a gun in the glove box? Driver: Yes mate. That's where I put it after I shot and killed the woman who owns this car and stuffed her in the boot. Officer: There's a BODY in the BOOT?!?!? Driver: Yes, mate. Hearing this, the officer immediately called his back up. The car was quickly surrounded by police, and the inspector approached the driver to handle the tense situation: Inspector: Sir, can I see your license? Driver: Sure. Here it is. It was valid. Captain: Who's car is this? Driver: It's mine, officer. Here's the registration papers. Captain: Could you slowly open your glove box so I can see if there's a gun in it? Driver: Yes, sir, but there's no gun in it. Sure enough, there was nothing in the glove box. Captain: Would you mind opening your boot? I was told you said there's a body in it. Driver: No problem. Boot is opened; no body. Captain: I don't understand it. The officer who stopped you said you told him you didn't have a license, stole the car, had a gun in the glove box, and that there was a dead body in the boot. Driver: Yeah, I'll bet the lying `B` told you I was speeding, as well.A) Hilarious That was the best so far this week. A star for you Tink x Enjoy your workHow to beat a speeding ticket?Q) A police officer pulls a guy over for speeding and has the following exchange: Officer: May I see your driver's license? Driver: I don't have one. It was revoked when I got my 5th DWI. Officer: May I see the registration for this vehicle? Driver: It's not my car. I stole it. Officer: The car is stolen? Driver: That's right. But come to think of it, I think I saw the registration in the glove box when I was putting my gun in there. Officer: There's a gun in the glove box? Driver: Yes sir. That's where I put it after I shot and killed the woman who owns this car and stuffed her in the trunk. Officer: There's a BODY in the TRUNK?!?!? Driver: Yes, sir. Hearing this, the officer immediately called his Captain. The car was quickly surrounded by police, and the Captain approached the driver to handle the tense situation: Captain: Sir, can I see your license? Driver: Sure. Here it is. It was valid. Captain: Whose car is this? Driver: It's mine, officer. Here's the registration. The driver owned the car. Captain: Could you slowly open your glove box so I can see if there's a gun in it? Driver: Yes, sir, but there's no gun in it. Sure enough, there was nothing in the glove box. Captain: Would you mind opening your trunk? I was told you said there's a body in it. Driver: No problem. Trunk is opened; no body. Captain: I don't understand it. The officer who stopped you said you told him you didn't have a license, stole the car, had a gun in the glovebox, and that there was a dead body in the trunk. Driver: Yeah, I'll bet the lying son of a b1tch. told you I was speeding, too!A) absolute quality really liked it 5* manfunny or not (speeding )?Q) A police officer pulls a guy over for speeding and has the following exchange: Officer: May I see your driver's license? Driver: I don't have one. I had it suspended when I got my 5th DUI. Officer: May I see the owner's card for this vehicle? Driver: It's not my car. I stole it. Officer: The car is stolen? Driver: That's right. But come to think of it, I think I saw the owner's card in the glove box when I was putting my gun in there. Officer: There's a gun in the glove box? Driver: Yes sir. That's where I put it after shot and killed the woman who owns this car and stuffed her in the trunk. Officer: There's a BODY in the TRUNK?!?!? Driver: Yes, sir. Hearing this, the officer immediately called his captain. The car was quickly surrounded by police, and the captain approached the driver to handle the tense situation: Captain: Sir, may I see your license? Driver: Sure. Here it is. It was valid. Captain: Whose car is this? Driver: It's mine, officer. Here's the owner's card. The driver owned the car. Captain: Could you slowly open your glove box so I can see if there's a gun in it? Driver: Yes, sir, but there's no gun in it. Sure enough, there was nothing in the glove box. Captain: Would you mind opening your trunk? I was told you said there's a body in it. Driver: No problem. Trunk is opened; no body. Captain: I don't understand it. The officer who stopped you said you told him you didn't have a license, stole the car, had a gun in the glovebox, and that there was a dead body in the trunk. Driver: Really? Ain't that something? And I'll bet the lying sucker told you I was speeding, too ...A) That is f***ing hilariouspolitical betting exchange?Q) hi, I am looking for a betting exchange that specializes in politics or that offers a wide range of international political markets (e.g. the upcoming French parliamentary election). can anyone help?A) Hi, Betfair is offering political betting exchange. You can also register with code ANGMRGLHE It is for 50$ bonus which you can use for betting. http://www.betfair.comWhich are best UK betting exchange companies? I found a link www.myfreebet.info. Do they really give free bet?Q) I found a link www.myfreebet.info Do they really give free bets or cash back or the free bonus is just a trap? Any people tried that website before and registered for free bets, please give me your answer before i register. do you mean that the bonus is not for real? had tried betfair through that website and it seems that after my bet is settled - the match is over they will give me 25 Btitish pounds no matter what is the result. i will know in 90 minutes. anyone tried the rest?A) nop they dont they just want you to participate in their offer that they have for sell produts.what is aution exchange?Q) go to the world's first auction betting exchange for details. 100% books and 1% commissionA) Is this solicitation?Do you think it is possible to make a living out of Betting Exchanges?Q) e.g. like using Betfair to trade on sporting events?A) Yes, if and it's a big IF: (a) you have enough capital in order to make big enough punts that will earn you more than enough to live comfortably; (b) you have a trading system that makes more hits than misses; (c) you have the mental and psychological fortitude to cut losses short when your system tells you are wrong; (d) you have had many years (at least 5) of experience punting in equities and futures markets and know where you went wrong in your trades. I can add a lot more to this above list but if you can't give a positive answer to any of the above, then it's NOT POSSIBLE because the odds will be, like bets in the casino, stacked heavily against you.online horse race betting?Q) i'd like to know how online betting works as to the exchange of monies and how to set up an account?A) You go into the TAB or betting shop or whatever its called where you come from ,give them some money and they open an online account for you.Personally i think you are mad if you do,you can lose all your money without leaving your house,but anyway ,thats how you do it.Where can I find sportsbook links and sports betting resources?Q) By joining BetCRIS Affiliates, you’ll earn 25% of your players net losses, by all means, a first-class sales pitch. Earn money while taking advantage of the latest inbound links program…Three Way Affiliates! (3 way affiliates, links exchange program). Sportsbook Links, sports betting links, casino links, gambling resources, general sports links, sports handicappers.A) Great, I have found all the information I have needed for my sportbook bets, sportsbook links are useful, http://www.betcris-links.com there are only the best links and sportsbook links and gambling links and general sports informationDoes anyone bet in football? It would be useful to exchange info for our local championships?A) i have bet before, but i haven't lately.. and how would ths be useful?Do any online bookmakers allow "place only" bets for UK horse races?Q) Online bookmakers only seem to offer "each way" bets on UK horse races. I know betting exchanges like Betfair & Betdaq do "place only" bets but cant find any bookmakers that do them.A) try paddypower.comwhat i s abetx?Q) The world's first auction betting exchangeA) http://www.abetx.com The world's the first auction betting exchange, which serves 100% books and 1% commission to both backers and layers.Has anyone heard of BetBug?Q) I spent a bit of time searching the web for a bet exchange and it seems to me that the one that comes closest to it is this downloadable application called BetBug. It seems like a good idea to be able to set my own odds and not have to trust a sports book with my money. Has anyone here used it? What do you think of it?A) BetBug (www.BetBug.com) is a reliable service and this will be my third football season using it. Here is what is good: - there are always odds posted, - There is no bookie, I bet against other persons on the network - I can post my own odds (My odds get filled most of the time if my odds are fair) - I have always been paid out on time Here is what is bad: - It is a download. So it takes 5 to 10 minutes to get the app running. Sometimes, I am at a different computer and I have to download the app again. - no European soccer (although, I am told it is coming soon).Some content elements on this page provided by Yahoo |