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
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.
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.