In simple terms, it\u2019s a platform where bettors are able to place bets against each other. A Betting Exchange allows customers to buy (known as a back bet) and sell (known as a lay bet) on the outcome of sporting events. It\u2019s the stock exchange of sports betting and is vital to betting strategies like Matched Betting. A betting exchange is a marketplace that allows people to exchange bets with each other. This approach results in high but also accurate odds because, after a certain level, users get to a point where both the back and lay odds are close to the real probability of the outcome.<\/p>\n