Matchbooks and Betfair:how does it work?

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  • SPECULATOR 13
    SBR Wise Guy
    • 08-12-07
    • 768

    #1
    Matchbooks and Betfair:how does it work?
    My cursory understanding of the betting exchange,is that they are a nebulous concept where one person place a bet and another one somewhere accept it.The loser pays the winner and the exchange takes a cut (i guess).
    I have never given this sort of thing a second thought up until i found this here incredible web site witch is literally the closest thing to a sports gambling university anywhere!!.Many of you including the very helpful Bill Dozer seem to be very high on that wagering option,especially matchbook.
    Can someone explain how the exchange works?like exactly.
    How can you be sure to collect your money?
    Do you have to open a account as in a online book?
    What are the advantage(s) a exchange as over a book(if any)?
    here is the stupid question:Is there a betting limit with the exchanges?
    Do they allow the right to win without putting you through all the bullsh*t of the british books?
    Are they a viable option to someone starting with $600?
    s13
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