What is Betfair Exchange?
Betfair Exchange is a **peer-to-peer betting platform** where you bet against other people, not against a bookmaker. This revolutionary approach offers better odds and the unique ability to **lay** (bet against) outcomes.
Backing vs Laying
Backing (Traditional Betting)
Laying (Exchange Betting)
Why Use Betfair Exchange?
1. Better Odds
No bookmaker margin means odds are typically 20% better than traditional bookmakers.
2. Lay Betting
Profit from teams losing, draws, or any outcome NOT happening.
3. Trading Opportunities
Back high and lay low (or vice versa) to guarantee profit regardless of outcome.
4. No Account Restrictions
Unlike traditional bookmakers, Betfair won't limit winning accounts.
Getting Started
1. Create account at Betfair.com
2. Verify identity
3. Deposit funds
4. Start with small stakes
5. Track on [Scorecast Exchange mode](/live?mode=exchange)
Conclusion
Betfair Exchange revolutionizes betting by offering better odds, lay betting, and trading opportunities. Monitor Exchange odds on [Scorecast](/live?mode=exchange).