how betting works

2 articles tagged with "how betting works"

Jul 22, 2026

What is a bookmaker? How betting companies set odds and make money

A bookmaker sets the odds, takes your bet and pays out if you win, but the real story sits in the margin built into every price. Here is how bookmaker...

Jun 29, 2026

What is a betting exchange? Back and lay betting explained

Back, lay, liability, commission, liquidity: a plain-English guide to how betting exchanges work, and how betting against other people differs from a...