betting exchangesBacking is exactly what you would do at the bookmaker, you find your selection and simply bet on it. You can however "ask"for a better price than is currently available on
betting exchanges. You do this by clicking on the "back" button, andchanging the price to what you would like. Once you have submitted the bet, it will then move to the "lay" section, whereyou hope it will be matched by someone willing to lay it. If it is not, you will need to lower your asking price or takewhat is on offer, depending on how you see it.
online betting exchange Laying is the opposite side of the coin. You may have a strong opinion that a certain football team will not win that day.So, you go to the match on the
betting exchange, and "lay" that team. You click on lay and basically give the punter whowants to back that team, the price which is shown, for the amount you wish, you don't have to lay it all, just part ortake the lot if you wish. As above, you can click on "lay" then change the price that you are prepared to lay at, butagain, it is not guaranteed to be matched, unless you lay what is currently on offer.
Betting exchanges are the future of betting, and are already the scourge of all bookmakers, simply because they run at100% overround, effectively no profit, whereas bookmakers prices have an "in built" profit in their prices
online betting exchange .
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