Hi All,
Hope you guys can help me.
Can tou tell me the difference between the exchange, ARB betting and a simple bet?
I am still new at this and I'm a little bit confuse.
Thanks
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09-19-08 12:15 AM #1
Anyone??
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09-19-08 11:20 AM #2
An exchange is like a broker. ARB wagering is making money without risking anything. A simple wager is betting on an event and hoping you win.
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09-19-08 11:36 AM #3
Dan pretty much summed it up but just a few more details for ya...
Exchanges you are offering bets to, and taking bets from other players. There is usually a percentage taken out from your winnings.
An arb like dan said is two bets placed on opposite sides of a game and the outcome doesnt matter. Example
you see over 45 +105 at betjam and under 45 +105 at the greek...you bet both sides and win a small amount no matter the outcome.
Straight bets are self exlanitory. Pick a team to win.
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