Betting exchanges let buyers to equally back and lay at odds in their alternative. Identical in some strategies to a stock exchange, a bettor may want to back a horse (hoping it will gain) or lay a horse (hoping it's going to drop, successfully acting as bookmaker).
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An additional system is Dutching, a method wherever bets are distributed between a number of horses within a race, aiming to realize the same amount of financial gain irrespective of which from the preferred horses wins.
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