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A gambling change works by allowing profiles to bet facing per other on the a conference. Including, one to member you are going to bet one team A may defeat people B (named ‘backing’ a bet), whilst some other member usually choice you to definitely People A can not beat party B (titled ‘laying’ a wager). Having Betfair Exchange, consumers bet against one another unlike from the ‘bookmaker’, which in this example might possibly be Betfair. The odds is as an alternative determined by the customers themselves, that have Betfair getting a basic dos% payment.
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