IT Become a Bookmaker will be possible for anyone desiring it, thanks to Betfair and betting exchange. Become a bookmaker does not mean playing the " institutional " rule of the bank delivering the odds to every player, but being able to sell a stake (Laying) going to cross electronically and anonymously bet of another player. Laying an odd is the peculiarity offered by Betfair; it means going to bet that the chosen event will not occur. You bet against the laid This concept of primary importance and uniqueness will be used not to sell the odds to other punters, who instead want to point the odds, but only to do to sporting trade! In fact, in the traditional meaning of the word, to become a bookmaker means selling odds to the bettors and to do this it is necessary both to have special software that calculate the risk of the various operations and a significant start-up capital. On the other hand with Betfair you will use the bank only to trade and then exit a position previously opened with a bet. Laying is, in fact, the exact opposite of betting and allows us to close the operation at any time by giving us the exceptional opportunity to trade on live events. Now with a traditional bookmaker we can only point to an event before the match and hope that this will occur, or in some cases make a bet in a lice event but only by betting the event which, anyhow, remains in the portfolio until the conclusion of the chosen event . With Betfair you can instead back and lay the odds for each operation continuously making small profits that are added up to get at the end a great profit in relation to employed capital. Laying offers us the immeasurable advantage of being able to trade !
- Written by: DevelopUser
- Category: Trading betfair
