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Essay

Betting Industry

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Issue:

Miscellaneous

 

Written by:

William N

 

Date added:

March 1, 2017

 

Level:

College

 

Grade:

B

 

No of pages / words:

1 / 237

 

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4713 times

 

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In addition, “in-play” bets are also available with betting exchanges. Bets can be placed as long as the betted event hasn’t been finished, and thus the odds will change accordingly to the real-life event. As opposed to traditional bookmakers, betting exchanges won’t lose any of their own money, instead they’ll charge a certain percentage on any bet won as a commission...
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This figure is usually 5% as in the case of Betfair, the top betting exchange available. No commission is charged for losing bets, though. You can find in the next page some of the most popular betting exchanges available in the internet. In the cope of this guide, we will however discuss in depth only the Betfair due to its status as the top exchange...
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