![]() In order to facilitate a peer-to-peer marketplace, there needs to be a buyer and seller on each side of any bet. The perceived hurdle to exchanges working in the U.S. Sounds too good to be true, right? Is there a catch? Here's how a $100 moneyline bet looked for Dolphins-Bengals, with the commission included. You can get point spreads at even money, then you pay a 2% commission. Most other books had around -190/+160.īecause you pay 2%, the lines end up being a little worse - if your +176 winner cashes, it's really more like +173.5. On Thursday Night Football in Week 4 for example, moneylines on Prophet closed at Dolphins +176 and Bengals -180 - both the best in New Jersey. ![]() That will lead to massive savings for bettors. So what is a betting exchange? It's essentially peer-to-peer wagering, and the house takes a 2% cut on winnings, and nothing on losses. ![]()
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