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What is Betfair betting exchange?

Betfair’s Betting Exchange lets you bet against other people and get great odds on thousands of markets every day. ✓Best Odds ✓Bet In-Play ✓Cash Out. Join Betfair Now »

What is a Bitcoin betting exchange?

A Bitcoin betting exchange operates as any other betting exchange. Users of the exchange place bets between one another. On a betting exchange, users can both back odds offered by other users, or offer odds for other users to back. This is known as ‘laying odds’ and allows the user of the exchange to essentially act as any bookmaker would.

Is it recommended to bet with Bitcoin?

If you’re considering betting with Bitcoin, we recommend using a Bitcoin betting exchange. The first step is to create a "Bitcoin wallet", which functions as your bank account in the world of cryptocurrency.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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