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Wagering exchanges for example Betfair as well as Betdaq have revolutionized the way in which many punters right now place their bets. The obvious benefit the exchanges provide within the traditional high-street bookmaker is the capability to lay bets on horses to lose their race, as well as the conventional practice of backing them to win.The pioneer in exchange pokerking is Betfair and today it operates the most popular pokerking exchange website. Essentially, Betfair brings together individual punters with opposing views, and cuts out the traditional bookmaker. All bets on Betfair have been placed there by users who either want to have a bet in the normal way (backing), or offer odds to other punters (laying). Bets are matched between people with opposite views.
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