This is where the flexibility of a Betting Exchange shows itself.
We have a choice. We can BACK TO WIN or LAY TO LOSE. This power, as you will learn, allows us to become TRADERS, I.E. TRADERS IN BETTING ODDS.
The main areas of power given to us by Betting Exchanges, other than being able to use them to bet much like using a traditional Bookmaker are:· We are now able to ask for our own odds
· We can now LAY a horse to LOSE, effectively taking on the role of a Bookmaker.