How a peer-to-peer betting exchange prices a market: order books, liquidity, and where the vig actually goes
Betting exchanges use order books to discover odds, not set them—and that changes who wins.
Renata Kowalczyk
Contributing Editor
Renata Kowalczyk covers features for The Event Contract.
1 story
Betting exchanges use order books to discover odds, not set them—and that changes who wins.