What is the difference between a bookmaker and a betting exchange?

A bookmaker market means betting with a bookmaker and betting on the odds they offer. When you bet with a traditional bookmaker you are betting against Mostplay and not against other Mostplay customers. Therefore, it is the MostPlay who set the price and bear the risk.

On the other hand, a betting exchange offers more competitive odds due to its nature as a peer-to-peer platform and driven by market supply and demand. It matches bets from supporters and tiers, you can bet against one or more people in one bet exchange

Although betting exchanges usually offer higher odds than traditional bookmakers for the same selection, it is important to remember that placing a bet on a betting exchange involves paying a commission on your net winnings for each market. This differentiates it from the traditional bookmaker model.