The bookmaker determines the odds on individual events in the odds offer, which the player may bet on. The bookmakers for the recreational players are characterized especially by the lower limits (maximum limits) under unspecified circumstances. Descrease of the limits should not be granted by combined bets.
The bookmaker determines the odds on individual events in the odds offer, which the player may bet on. The bookmakers for the professional players are characterized by the careful operating with odds of events from the offer and therefore they do not lower the the limit as quickly as by the bookmakers for the recreational players.
Betting exchange is the market, where the players create odds and they bet among themselves. The advantage of the betting exchange is that the odds are higher than those of bookmakers. The disadvantage is the commission, which the player has to retain to the bookmaker in the case of the win. The commission is from 1% to 5% from the win. Betting exchange is not recommended for the starting players.
Spread betting is the form of betting, in which the player predicts the results of the sport events. The amount of win depends on the accuracy of the result prediction.