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UK Bookmakers and Betting Exchanges - © Doc RaBe - Fotolia.com

Best Bookmakers or bookies can be recognized as a person or an organization that offer bets on various sports and events and distributes winnings as according to the results of the bets. The Bookmaker is, of course, the first port of call when looking to enter the world of online sports betting.

There are a plethora of options to get into, and it will often pay by signing up with more than just one, as odds will vary, and you will likely get the chance to reap the rewards of more special offers.

The area of operation for bookmakers varies from countries to countries.
In United States bookmakers are merely allowed to offer bets on college and professional sports whereas in United Kingdom a bookmaker can offer bets on a wide range of sports and other allied events. This can, surprisingly, lead to odds being laid on events like, whether or not it will snow on Christmas Day.


Betting Exchanges

Other related sites/pages

A bookmaker gets a result in its favour by adjusting the game at important junction. In case of large bets in order to protect his share otherwise would go awry, buys bets from other bookmakers or uses the means of betting exchanges.

When you gamble, you place your money against the Bookmaker, and it is in his best interest to protect his investments, i.e. the stakes which you place. The Bookmaker will be looking to collect from an actual event as a whole, and not on each individual bet.

However, when you switch to a Betting Exchange, you are more likely to find punters betting directly against each other. Winning bets pay small commissions to the Bookmaker.

Contrary to Bookmaking in Betting Exchanges an operator kicks his liability aside using technology, and there are great examples of these systems online.
In Betting Exchanges there a customer view other customer apparently betting against each other. Gambling sites where multiple or peer-to-peer players bet against each other are perfect example of Betting Exchanges.

This means that as long as there is someone willing to match you wager, by ‘laying’ odds that it will not occur, then you will have an active bet. There is much potential for higher odds, as, for all intents and purposes, the middle man has been cut out (although for legal reasons all bets will be handled by the Bookmaker). However, there is likely to not be as many specialist markets such as found with regular Bookies.

The belief that operators in a betting exchange merely act as broker is elusive as the bets though transferred between customers through technology, however, the legal contract for the bet is acted upon player and operator not among players. Hence, with the help of betting exchanges an operator turns can stop acting as the middle and collect their cut from successful wagers.

With a wide selection of Bookmakers online, it is possible to take advantage of the competition. Look for good services such live, in play betting, as well as deep specialist markets for events.

*Wagering and T&Cs Apply / T&C’s Apply on betting offers, 18+. Please Gamble Responsibly. 

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