There is a new player in town in the sports betting world, the sports betting exchange. You might have heard of them, you could be wondering what they can be and the way they may be different to the traditional sportsbook. You may also be wondering which one is much better.

Sportsbook

Those are the traditional bookmakers. An institution that accepts all the bets and sources 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 people who gamble to wager directly between themselves, they make their cash by charging a small commission from whoever wins. Consequently a bettor can make their own book, or they can look for somebody who could be prepared to offer better odds than the sports book.