Back in 2000, Betfair decided to create a new way of placing bets, allowing players to take on the role of the bookmaker by offering their own odds on sporting events.
Thus was born the Betting Exchange.
If the term is new to you, don't worry: in this Betting Exchange guide you will find everything you need to start betting in back-to-back mode in Italy on the best sport betting website.
What is Punta e Banca
Betting Exchange bets were born in 2000 at the hands of Betfair. The extraordinary idea เกมคาสิโนออนไลน์ ปอยเปต their birth was that the odds were not to be decided by bookmakers alone.
For Betfair, bettors needed to have more freedom, including the ability to offer odds on a sporting event. In this way the players can take on the function of bookmaker and the odds are generated by the meeting of supply and demand, therefore by the law of the market, just like in a financial stock exchange instead of being determined by professional bookmakers.
Since the beginning, the Betting Exchange is also known by the name of Back and Lay bets, which in Italian take the name of Punta e Banca. To fully understand the back-and-forth betting method, let's start with the glossary of the few fundamental terms:
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