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Betting Exchange

Definition: A betting exchange is a form of betting available on the Internet in which two parties wanting to bet opposites of a game are brought together to bet against each other. The winner pays a commission to the betting exchange, but that amount is usually less than the juice charged by a conventional sportsbook.
 
Example: With a betting exchange, Joe was able to play the Bulls at the same line but with less juice than any of his five sportsbooks.

Related Terms: Juice, Sportsbook

Pregame.com offers the Sports Gambling Glossary to give you a better understanding of sports betting terms and definitions so you can bet with confidence.

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