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The bookmaker market is about betting with a bookmaker and betting on the odds they offer. When you bet with a traditional bookmaker you are betting for the bookmaker rather than against other bookmakers. So betting is about setting a price and taking a risk.

On the other hand, a betting exchange offers more competitive odds due to its nature as a peer-to-peer platform and the market is driven by supply and demand. It matches bets from backers and lays, you can bet against one person or many on a betting exchange. The odds for a betting exchange are usually higher than for similar selections at traditional bookmakers, but unlike a traditional bookmaker, when you bet on a betting exchange you are required to pay a commission on your net winnings on each market.

 For more information, watch the video below!