In-Running betting

[philcski]

Originally Posted by GBBob

Phil..help..Is he playing against the house or asking for wagers like the market? Break this down for me please.

Asking for wagers, like the market. There is no "house", just a location to match buyers and sellers. If you like a horse at 4-1 and I think that's too low of odds, I can sell you the wager. Let's say you want $200 on and I only want to book $100 (so risking losing $500), you can find someone else for the remaining $100 at 4-1 or try and lower your price to 3.8-1 (like you would buy a stock at $5 then $5.05.) in the UK they are matching over a million pounds per race on mediocre Wednesday cards. The US needs this.