How It Works

For this process we use the biggest betting exchange as our corporate Trading exchange of choice, as it is the world leader in Trading transactions of this type. the exchange requires punters making lay bets to pay out their potential losses when making a bet.

The amount is then matched by another person on the Trading exchange, who is also required to pay out the potential loss, should the other persons selection wins, they get paid but if any other horses on the race wins we get paid.

The sporting exchange was created similar to the New York Stock Exchange. In order for a transaction to be completed there has to be a 'backer' and a 'lay' trader. Similar to the buying and selling of Derivatives, the odds are determined by the market. For instance, the more interest on a competitor the shorter the price will be. Unlike traditional bookmakers, the price of any competitor is purely determined by demand.