A Beginner’s Guide To Betfair, Part Two – The Betting Exchange Vs The Stock Exchange

Many people who are new to online betting exchanges such as Betfair and Betdaq can struggle to understand exactly what a betting exchange is. A common misconception is that a betting exchange is the same as a bookmaker. This fundamental misunderstanding can lead to problems when learning how to use the exchanges profitably.To help understand exactly what a betting exchange is, it is helpful to compare it with the stock exchange rather than with a bookmaker.The stock exchange is a regulated marketplace in which registered users can buy and sell shares in listed companies. Prices on the stock exchange aren’t set by the exchange themselves, they are determined by what users are prepared to pay.Stock exchange users don’t know who they are buying and selling shares from, they simply see the current buy and sell prices for a share, and decide whether they want to accept them or not.Similarly, the betting exchange is simply a marketplace in which users can buy and sell bets on listed betting markets. Prices or odds are not set by the exchange, they are determined by whatever odds users are prepared to offer and accept.As a betting exchange user you won’t know who you are betting against, and the other person won’t know they are betting against you. All you would both know is that someone out there has a different opinion, the odds and stakes are agreed in advance, and the betting exchange will pay the winner once the result is confirmed.People and organisations use the stock exchange in different ways. Some look only to buy shares with a view to keeping them and banking any dividends that they are due. Others try to profit by trading – predicting the direction in which share prices will move, and buying and selling at different prices.Likewise, betting exchange users use the betting exchange in different ways. Some use the exchange simply to place outright bets, just as they would do with the bookmaker. The reason that they would do this at somewhere like Betfair rather than using a high street bookmaker is that they will be able to take advantage of better odds.Other users try to predict which way the odds will move, and profit by trading – i.e. buying and selling the same bet at different prices. Therefore, just like bookmakers, traders effectively make a profit at the gamblers’ expense.Furthermore, whereas a bookmaker will only allow a customer to place one sort of bet – a back bet that an outcome will happen – exchanges enable users to place lay bets as well. A lay bet is the opposing bet to a back bet, and is therefore a bet that an outcome will not happen. This is the equivalent to buying or selling a share.So whilst it is possible to use a betting exchange in the same way as you would use a bookmaker, there are many more possible ways to use it, many of which can be far more interesting and profitable.Certainly, gaining a full understanding of the fundamentals of the exchange is a key prerequisite for anybody looking to make a profit from it on a regular basis.

Things You Should Know About Online Gaming

Online Flash Games: Enjoy Those Old-Time Favorites Or Try Some Newer GamesThere are a number of different sites where you can find online games to play either for free or very a very low price. Some of the most fun online games to play are Flash games. Flash games offer many different games and you can either enjoy some of those old-time video games that have been around for ever or newer games. The choice is yours. Here are just a few of the different types of online Flash game you can enjoy.Pong The First Ever Video GameUnless you are over 40 you probably don’t remember that first ever video game. It was called pong and it came built into a black game box that hooked to your television and was a simple game of ping pong that you could play without ever leaving the couch. For those of you who want to relive those mindless hours of watching that little white ball go back and forth across the net then getting this online Flash game is a must. Even your grand kids may enjoy playing the video game as a sort of history lesson into video game playing.Those Old Atari And Nintendo Games That Never Seem To DieOf course when finding games online some of the most fun Flash games ever are those old Atari and Nintendo games that seem to never die. You don’t have to dust those old machines off to enjoy playing Frogger, Space Invaders, PAC-MAN, and Super Mario Brothers again. They are all available in Flash versions of online video games to be enjoyed over and over again. So enjoy a blast from the past and play all of your old favorites any time you want.Thousands of Newer Games Are Available Too!Of course there are literally thousand of newer online video games available too. You can be a Guitar Hero one moment and the next your play Defend Castle, Pillage Village, Ballroom Bomber, or Dolphin Olympics.Then of course there are motocross video games, car chases, and even big rig games you can enjoy as well as variety of war games and even games where you get to be the bad guy. For even more Flash game fun you can play bejeweled or even try a few of those slot games that are such online hits. The possibilities are endless.