There's a new player in town in the sports betting world, the sports betting exchange. You might already know of them, online soccer online you may be wondering what they're and just how they're different to the traditional sportsbook. You may be wondering which one is much better.

Sportsbook

Those are the traditional bookmakers. An institution that accepts all of the bets and pays out the winners. They set the odds and you get to take it or leave it.

Sports Betting Exchange

Sports betting exchange acts as a way for individuals who gamble to wager directly between themselves, they make their money by charging a small commission from whoever wins. Consequently a bettor may make their very own book, or they can look for someone who could possibly be prepared to offer better odds than the sports book.