How does a betting exchange work? (Betfair Smarkets)

http://www.matchedbettingbible.co.uk/go/pa to learn more about matched betting

Learn how a betting exchange works.

Also check out matched betting for a risk free way to make money:

http://www.matchedbettingbible.co.uk/go/pa

My site with text wire up on exchanges.
http://www.matchedbettingbible.com

With a lay bet you stand to win your stake and you stand to lose your liability. You take the role of the bookmaker. 😉 i.e if you lay £100 you will win £100 max.

More info and tips: www.matchedbettingbible.co.uk

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