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Betwinner Exchange

Betfair and Matchbook, two well-known providers, both have betting exchange services. Betwinner provides an effective substitute. You can fulfill every bettor’s craziest fantasy by using this service to become a bookmaker and bank, providing odds to other participants! This implies that they cannot just stake money on a particular choice and hope that the other bettors will succeed, as is normally done by online bookies.

The exchange charge, which is equal to 1% of market profit, is kept after wins are distributed to users.

There are two different wager kinds available on the betting exchange: “Pro” bets on the blue field and “Against” bets on the green field.

In a sense, the so-called “pro” bets are the same as the bets made at the bookies, and the players’ commitments to these bets are equal to their stakes. If you correctly predict the outcome on which they were bet, you win. The results of the so-called “Against” bets are guaranteed to match the bookmaker’s pledges. If the outcome cannot be predicted, they win. Commitments for “Against” bets are determined using the following formula:

• Commitments = (Odds-1) bet amount

If the result is not predicted in this scenario, the player wins money equal to the amount of the opposite wager. The owners of bets that haven’t been tied may alter or cancel them. In the event of a tie, the adjusted bets are placed at the end of the row.

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