BETTING EXCHANGE
The exchange of bets

In the last years thanks to new technologies we are facing the increase of website concerning bets, but also the increase of websites connecting different betters and giving them the possibility to choose to be a better or a bookmaker.

The better has got higher quotations as regards to traditional bookmakers, and he can bet on an always greater number of events, this happens because the website which is responsible for bets has got limited costs, and it does not have to pay for the better, moreover it don't follow the progress of the bet.

If we consider that being a bookmaker is the dream of many betters, it is easy to understand why this kind of website is becoming more popular around the world.

If we'd like to start following this road in our run as better we have to pay attention to the way in which bet link each other, we need to read carefully website administration rules, in particular we have to pay attention to the following two points:

1. Probable winnings are gross, you need to pay attention to website charges, usually they are decreasing in inverse relation to effetced bets.

2. It can happen that some bet does not link to an opposite better,It often happens that noone accept the bet, or that there are different amounts on two different events. In this case it's better to aqvoid arbitrages or sure bet these website propose, because if an event does not link to another you won't recover the loss.

Let's explain better how it works:

Our bet as player is called "tip", if we decide to become a bookmaker the bet will become "bank". Our bet will cover the probable win of one or more players and at the same time pur bet will catch their amounts in case of loss.

Let's analyze some example to understand the game:

If I "BANK" an event
I WIN if the vent DOES NOT TAKE PLACE, my WIN is equal to the total capital I used to "bank".
Example1. JUVENTUS - LECCE
I bank LECCE quotation 9 per 10 euro, LECCE DOES NOT WIN, I win 10 euro
Example2. JUVENTUS - LECCE
I bank JUVENTUS quotation 1.10 per 100 euro, JUVENTUS DOES NOT WIN, I win 100 euro.

If I "TIP" an event
I WIN if the event do TAKE PLACE , my WIN is equal to the capital I used to TIP multiplied by the quotation of the event, nto, il tutto al post-bet.
Esxample JUVENTUS - LECCE
I tip JUVENTUS quotation 1.25 per 10 euro, JUVENTUS WINS, I wino 2.5 euro [(10 euro * 1.25) -10 euro]

If I "BANK" an event
I DON'T WIN if the event TAKE PLACE, my LOSS is equal to the capital I used to "bank" multiplied by the quotation of the event, post-capital.
Example JUVENTUS - LECCE
I bank LECCE quotation 9 per 10 euro, LECCE WINS, I lose 80 euro [(10 euro * 9) -10 euro)]
Example2. JUVENTUS - LECCE I bank JUVENTUS quotation 1.10 per 100 euro, JUVENTUS WINS, I lose 10 euro [(100 euro * 1.10) - 100 euro)]

I I TIP an event
I DO NOT WIN if the event DOES NOT TAKE PLACE, my LOSS is equal to the capital I used to tip.
Example JUVENTUS - LECCE
I tip JUVENTUS quotation 1.25 per 10 euro, JUVENTUS DOES NOT WIN, I lose 10 euro.