Betting exchange vs bookmaker : Betting Exchange vs Bookmaker – What's the difference?

by E Franck · 2010 · Cited by 128 — Whereas the bookmaker defines the odds ex ante, the prices in the bet exchange are determined by a multitude of individuals trading the bets among themselves.. Betting exchanges were first launched as “peer-to-peer betting”, the idea being that rather than use a middle man – the bookmaker – who takes a cut, .... Betting Exchange Disadvantages. However, there are also some disadvantages to using a betting exchange.

Firstly, the commission charged by the .... Betting with a bookmaker pits the punter against the bookie/agency, whereas betting exchanges allow punters to bet against one another in a competitive .... Betting exchanges represent a relatively new development in the sports betting industry.

Rather than taking bets and setting odds like a traditional bookmaker, ....