What is the Difference Between Bookmaker & Betting Exchange?

A Bookmaker market means betting with the bookmaker and betting on the odds they offer. When you bet on a traditional bookmaker, you are betting against Bagh rather than other Bagh customers. Therefore, it is Bagh who sets the prices and carries the risk.

A Betting Exchange, on the other hand, offers more competitive odds due to its nature as a peer-to-peer platform, where the market is driven by supply and demand. It matches bets from backers and layers, meaning you could be betting against one person or several. The odds are generally higher in a betting exchange compared to traditional bookmakers, but you must pay a commission on net winnings in each market.

For more information, check out the video below:

  • Bookmaker & Betting Exchange (Mobile Version)