[kompressaur]

found this. I'll read it later andmake up a newthread eventually or article on all the info contain here in thanbks

What is P2P Betting?

Person-To-Person (P2P) betting or sometimes called "exchange betting" allows bettors to bet against each other on the outcome of a sporting event. It gives punters the possibility to create their own betting events, set their own odds and become bookmakers themselves!

Bettors bet for or against any selection and have the option to accept an offer that has already been made, or make their own offer at their own requested odds. By allowing individuals to set their own odds and bet against other bettors, it brings about much better value as there is no bookmaker's margin.

In short, exchange betting is the best value betting available anywhere in the world today because you are betting against another person instead of the bookmaker. Exchange websites such as BetDAQ , MANSION or Gamebookers are already matching around GBP50m worth of bets each week

Back or Lay

When you "back" a selection (be it an individual, a team, horse, dog or other), you are betting that it will win. This is just like betting with conventional bookies.

When you "lay" it, you are betting against it winning. For example, if you're betting in a market on which team is going to win the Premiership and you lay Man Utd, you offer odds to other punters who wish to back Man Utd. If Man Utd don't win, then you pick up the backer's stake. If Man Utd win, then you pay out. This is what bookmakers traditionally do.

Take a look at the odds before a game and you will see them change as visitors back and lay their bets. The odds often improve nearer to the off, as there are more people in the market.

Number of Markets

A traditional bookie has to accept the risk himself when he puts up a price on a football game, so he just isn't able to offer odds on everything because he needs to make sure the price he's setting is the right one. The beauty of P2P sites is that because it.s punters who set the prices, there's no restriction on the number of markets they can host, so you should be able to find the league and the type of bet you're after.

Payout The way that P2P sites work is they wont let any punter have a bet with you unless he can cover it with the money in his P2P account. In that way you are guaranteed payout.

How do P2P Betting companies make money?

P2P Betting companies make money by taking a small margin or 'commission' from the profit which a bettor makes in any particular market (typically 2%-5%)

So, why bet with a betting exchange rather than with a fixed odds bookmaker?

When you bet with a bookmaker, you are betting with a business, a business which is in business to make money.

Every time you bet with a bookmaker, you are accepting odds with a built-in profit margin in them and, over time unless you are very, very good, that profit margin will grind you down, leaving you a loser overall.

And, even if you are very, very good, you will soon find that the bookmaker will restrict the size of your stake or even close your account altogether.

At a betting exchange, you are betting not with a business but with other punters, private individuals like yourself.

As private individuals, there is no reason why the layer should have a built-in advantage over the backer and competition between users in the exchange marketplace ensures that there is no built-in profit margin.

Ask a bookmaker to quote you odds on a spin of a coin coming down .head. or .tails. and the bookmaker will quote you 4/5 each of two.

On an exchange, you will be able to get matched at evens, the true price.

There is a charge . exchanges charge commission rates varying from 5% to 1%, depending on where you bet or how heavily you bet, but this charge still leaves you better off than betting with a bookmaker.

Indeed, it is estimated that odds at exchanges are on average 20% better than those offered by bookmakers . i.e. you.ll get 12/1 about a 10/1 chance, or 4.8/1 (5.8 ) about a 4/1 (5.0) chance.

It doesn't sound dramatic, but it makes a major impact on your long-term betting balance sheet.

So, a punters. paradise for backers, but what else?

Well, they are also places where you can bet on outcomes to lose . by laying . and where, if the odds offered do not appeal, you can ask for odds by leaving an .order..

For example, if you want 9/2 about a horse and it is only on offer at 4/1, you can leave a request to back at 9/2 and some, or all, of you bet might be matched up until the start of the race, at which time your bet, if not yet matched or cancelled by yourself, will be cancelled.

Betting Exchanges . places where you can back at on average 20% better odds than with a bookmaker, where you can .lay. and where you can ask for odds.