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Betfair Exchange is a betting platform where users can bet against each other rather than a traditional bookmaker. It offers opportunities for beginners to trade and bet on various sports and events. Users can set their own odds and either back or lay bets, providing flexibility and potential profit. Despite some concerns that winners may be disliked, Betfair tolerates successful traders. Learning how to use Betfair Exchange effectively can be rewarding for those new to betting exchanges.

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