Naijabet is the largest betting exchange in the world, founded in 1999 in Great Britain. The innovative product in the form of the betting exchange caused a sensation on the gambling market 20 years ago. Today the company has millions of fans around the world.
In addition to the exchange itself, Naijabet offers other services, such as casino and poker. Naijabet has corresponding gaming licenses in Great Britain, Australia, Germany, Italy, Austria and Malta. In 2017 the company was taken over by the famous Irish bookmaker Melbet. The combined company, named Melbet Naijabet, successfully develops various areas of online and offline gaming and its shares are traded on the London Stock Exchange.
What is a Betting Exchange?
The main difference between exchange rates and betting shops is that they do not benefit from odds. Thus, in the probability of one or the other result does not put the margin, as the bookmaker. In this case, the exchange works only against the commission paid by the players. And if the account of the bookmakers today is in the dozen, you can count the exchange on your fingers.
Naijabet is the largest betting exchange in the world. With its help, the players themselves estimate the probability of a result in one event or another. You can set your own odds on the exchange, negotiate, buy and bet. The service is visited more than 14 million times a month; more than seven million transactions per day are carried out with its help. There is an excellent service for beginners, which describes all principles in detail.
How Does the Betting Exchange Work?
The player selects the result and places a bet, drawing attention to the overvalued price, which looks much more profitable than with the betting company. Then a bet is placed. If the result is played, the customer receives the money of the player who played (bet, argued) against him. If the result is not played, the customer pays the money for the lost bet.