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Betting exchange
The process of exchange betting means that the punters not only place bets but also set them; the difference with the common practice is that usually the punters place bets against the bookmakers. The exchange betting is done by special firms which secure the whole process of making the bets, their settling and the transfer of the punters' funds. The fundamental principles of exchange betting are described in this section, as well as some leading companies which offer such betting.