The eHorse Exchange
Many of you reading this may be fully aware of the concept of a betting exchange, however for many of you it may be a whole new ball game. Let's first take a look at the main differences between a betting exchange and a more traditional type of bookmaker, then take a look at the specifics of the eHorse Exchange, and how it could be financially beneficial for you to give it a try. A betting exchange differs from a bookmaker in that if you don't see the odds you think are correct for any given horse race, sports event etc, you get to lay your own. It works a little bit like a stock markets where you get to sell your odds at your price and simply wait for another player on the exchange to take you up on the offer. Also, if you don't fancy then a particular horse to win then you can bet it to lose. The concept of backing or laying a horse may be alien to a lot of people out there but once you get used to it, it does become a lot of fun and the facts are that you do get better odds by using this system. The exchange earns its money by taking a small percentage of net winnings of between 2 & 6%. Also, its all fixed odds, so the odds you take are the odds that you will get paid out on, meaning that there is no panic as they go into the gates waiting for the prices to change!