What Is a Betting Exchange in Sports Betting?

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A betting exchange is a platform where bettors can bet against each other instead of betting against a bookmaker. Bettors can place bets on the outcome of sporting events and set their own odds, which other bettors can choose to accept. Betting exchanges charge a commission on winnings and offer a range of betting options, including lay bets, which allow bettors to bet against a particular outcome. Betting exchanges provide an alternative to traditional bookmakers and can offer better odds and more flexibility to bettors.

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Eamonn KeenanEamonn Keenan
Eamonn Keenan, with a Digital Arts Degree from the University of Tampa, brings over a decade of sports betting experience to his role as Creative Director at BettingHero.com. Starting with Betting Hero in the Fall of 2020, Eamonn has been deeply involved in the industry, assisting customers with major sportsbook and casino operators like BetMGM, Caesars, DraftKings, and others. A self-proclaimed sports fanatic, he has a keen interest in professional hockey, MMA, NFL, NCAAB, NCAAF, and MLB. Eamonn enjoys researching teams and players to predict game outcomes, highlighting his passion for sports betting.