Again I am asking this, anyone

[Igeteven]

Please explain exchange wagering so everyone can understand it.

[Southieboy]

Exchange wagering is a form of pari-mutuel wagering in which bettors place opposing wagers in a given market. For example, bettors can place wagers on whether a horse will win or lose a race, and also have the ability to bet on a race in progress. The topic of this new bet style has become a major controversial talking point in America, specifically California.

[Andyc]

Exchange wagering is a form of pari-mutuel wagering in which bettors place opposing wagers in a given market. For example, bettors can place wagers on whether a horse will win or lose a race, and also have the ability to bet on a race in progress. The topic of this new bet style has become a major controversial talking point in America, specifically California.

Definitely not pari-mutuel. More like the stock market. I want to sell horse A at 2-1 and you want to buy it.