Betting exchange companies offer a service that allows individuals or organisations to become the bookmaker and ‘buy’ or ‘sell’ bets. In simple terms, a betting exchange account allows you to bet on a horse to lose, or on a football team to not win.

Betting exchanges match up bets between people who back a team to win and people who lay a team to lose. The betting exchange takes a small % commission from your winnings for providing the service…everyone wins.

There are a few Betting exchange sites in the market but the leader is the originator Betfair. We strongly recommend that any gambler who has the desire to ‘hedge’ a bet open an account with Betfair.