Lines Betting

Betting exchanges work in different way if you compare them to bookmakers, but the basics are the same. In betting exchanges usually the odds are better. People bet against other people, in this way there is no bookie margin, the site takes a commission from your winning bets, in the leading betting exchange- Betfair the commission is 5% from your winning bets. A lot of people are scared to use betting exchanges because of this, but even when you take off that percentage, the winnings are more than in a normal bookmaker.
The interface of the betting exchanges is almost the same as of bookmaker, but there is one function that is new- laying. By laying a bet you simply are the bookmaker, it's like you accept the bet of someone else and if he loses you take his money. You are the bookmaker!
A good example how laying works: Manchester vs Arsenal are playing. You have 3 options, 1x2. You layed Manchester, now your bet will win if Manchester draws or loses. Remember when you lay, you bet that Manchester will not win, laying is exactly the opposite of backing.
We recommend using Betfair , this is by far the best betting exchange and the others are just immitations. All major football and other events are live in play, you can bet from start to the end of the match. Betfair has millions of players.