Betting exchanges are becoming more popular these days. With its easy-to-use system and more flexible terms, its no wonder how widespread it has become. For one, people could act as their own bookies, what a betting exchange does is it matches peoples bets automatically. Also, since there are no bookies, players are allowed to lay their bets instead of just being required to back a win. These benefits make betting exchanges an excellent option for the discerning player, and one that even a newbie could start with as quickly as possible.