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Citibet Exchange – How Peer-to-Peer Betting Works

Citibet Exchange – How Peer-to-Peer Betting Works

The Citibet exchange is fundamentally different from a traditional bookmaker. Instead of betting against the house, punters bet directly against each other. This peer-to-peer model delivers better odds and a fairer betting environment.

How the Exchange Model Works

When you login and place a back bet on a horse to win, another punter on the exchange is laying that horse – effectively taking the other side of your bet. The exchange matches back and lay orders automatically. Citibet charges a small commission on winning bets rather than building a margin into the odds, keeping the platform sustainable while offering punters better value.

Back Betting vs Lay Betting

Back betting is familiar to most punters – you bet on a horse to win or place. Lay betting is unique to exchanges – you bet against a horse, acting as the bookmaker. Laying a horse at 5/1 means you collect one unit if it loses but pay out five units if it wins. This advanced technique allows experienced bettors to profit from horses they believe will not win.

Liquidity on the Citibet Exchange

With operations since 2004 and a major market presence in Asia, the UK and Australia, Citibet enjoys substantial liquidity. Large bets can be matched quickly even on smaller races because the exchange's global user base ensures there is almost always someone willing to take the other side of your wager.

Commission Structure

Citibet charges commission only on net winnings, making it cost-effective for active punters. The exact commission rate varies by market and region; login to your account and check the current rates in the platform's fee schedule.

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