With Betfair now operating in the Australian market, here's our introduction to betting exchanges to give you punters some insight into one of the fastest growing. Sign up to spikestop.info and redeem a £50 welcome bonus! Best odds and lowest commissions on all major sports and events. The Betfair Exchange allows you the opportunity to back and lay bets against punters from all BACK & LAY on the Exchange Australian Rules Matched, 1, 2. Betting Exchanges You are here: This script must be activated in order to be used on this site. Hedging Calculator A hedging opportunity to lock in a profit arises when you have made a wager and the odds have since shifted in your favour. If no one is willing to lay a bet against Aston Villa at 3. You back with the bookmaker eg. While the theory in setting your own prices is great in theory the reality is that you can only bet if there is someone willing to accept your wager. Yes I have withdrawn and the people behind are reputable. If you are a serious punter this is far better than Betfair. The back V The Lay bet The bookmakers are your standard betting companies that you go on to place a bet for a selection to win. Most companies offer a range of payment options from conventional debit and credit card transfers to online payment services like PayPal and Skrill , as well as allowing you to bet in different currencies. Where is the license held do you know?