In a sports betting exchange, a one person (a market maker) puts up a bet and an amount of money they are willing to take on at that price. Let’s explore what betting exchanges are where they are headed who they appeal to why it matters and how you can benefit from them even if they aren’t available in your state yet.Ī betting exchange is a way to bet on sports where the exchange will match two bettors on either side of a bet, rather than one sports bettor betting against a sportsbook. Already bettors are seeing why betting exchanges can become a valuable part of the betting ecosystem in the US.
The first two highly anticipated betting exchanges opened recently. For the first time, US residents have the ability to wager on sports via fully regulated betting exchanges. As sports betting evolves in the US, so do innovative ways to wager.
