Former champion jockey Kieren Fallon, two other riders and three other men have been acquitted of conspiracy to defraud. So what is Betfair?. We clarify how betting exchanges work using examples. After all, If you could do this on every transaction you would never lose. There are a few betting exchanges to choose from but Betfair Betting Exchange, for good reason, is the most. Cash Out is a product from Betfair that allows you to lock in a profit or loss before waiting for the event to finish. Betfair do the math to offer you a value in real time. Home Football Trading How Does Betfair Work? When backing it's simply the stake which you place. Jim's bet is accepted and matched with Steve's bet. Some traders use both bookmakers and betting exchanges to make their money, but it is perfectly possible to avoid merkur casino spiele altogether and concentrate solely on sports exchanges. For casual punters they are probably closer to A. It is never wrong to take a guaranteed profit.