What does betting exchange mean?
Definitions for betting exchange
bet·ting ex·change
This dictionary definitions page includes all the possible meanings, example usage and translations of the word betting exchange.
Wikipedia
Betting exchange
A betting exchange is a marketplace for customers to bet on the outcome of discrete events. Betting exchanges offer the same opportunities to bet as a bookmaker with a few differences. Gamblers can buy (also known as "back") and sell (also known as "lay") the outcome, and they can trade in real-time throughout the event, either to cut their losses or lock in profit. Bookmaker operators generate revenue by offering less efficient odds. Betting exchanges normally generate revenue by charging a small commission on winning bets.
Wikidata
Betting exchange
A betting exchange is an entity which provides trading facilities for retail or bookmaker customers to buy and sell contracts. These contracts are structured as binary options where the payoff is either some fixed amount of money or nothing at all, dependent on the outcome of a future event. Betting exchanges trade heavily on horse racing and sports events, but also offer markets on elections and other current events.
Numerology
Chaldean Numerology
The numerical value of betting exchange in Chaldean Numerology is: 2
Pythagorean Numerology
The numerical value of betting exchange in Pythagorean Numerology is: 9
Translations for betting exchange
From our Multilingual Translation Dictionary
- బెట్టింగ్ మార్పిడిTelugu
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"betting exchange." Definitions.net. STANDS4 LLC, 2024. Web. 1 May 2024. <https://www.definitions.net/definition/betting+exchange>.
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