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ARENT SPORTS TRADING EXCHANGES SPORTSBOOKS?

April 26, 2017exchanges Sports sportsbooks trading

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ARENT SPORTS TRADING EXCHANGES SPORTSBOOKS?

1 Answer

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Sportbooks are run by bookmakers and odds on offer for events are set by the bookmaker based on their own opinion. You can not post your own odds so you have to accept what is on offer to wager. A financial trading exchange is governed by market forces (i.e. supply and demand) by other traders whereby prices for stocks are exchanged by parties in agreement. Therefore, sports’ trading is completely different to a sports betting operation.