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Betting exchange vs sportsbook12/5/2023 ![]() This means exchange bettors will benefit from better odds compared to those betting with the average sportsbook. One of the biggest positives of betting through an exchange is that, unlike a sportsbook, it doesn’t rely on betting margins to make profit. A bookmaker, however, ensures they make a profit by offering odds that don’t accurately reflect the true probability of an event - the adjustment they make to the odds is called a margin.Īn exchange is merely a platform for users to place (or take) bets and while it has various benefits, it also has some often overlooked downsides. In contrast, an exchange service pits bettors against one another and provides the option to both “lay” (post odds) and “back” (bet on) the outcome of a particular event.īetting exchanges make money by charging a commission on top of any profit you make as a customer (this typically ranges from 2-5%). The bookmaker determines the odds on offer and available limits and they make money if you lose or pay out if you win. ![]() With a traditional sportsbook, it is a company who operates as the bookmaker.
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