We finally have some good news for all of our Spanish website visitors, who have been suffering recently due to a large number of online gambling companies pulling out of the Spanish market!
The Government of Spain have finally approved the issuing of a new set of online gambling licenses that will permit their citizens and residents to be able to legally utilize the services of any betting company obtaining one of their new Betting Exchange licenses.
Many online sports bettors in different countries of the world have taken to betting and wagering via Betting Exchanges as they allow punters to not only track down and even ask for their own preferred odds on absolutely any sporting event, but when a gambler is signed up to such a site they can also offer their own odds and then take wagers off other punters.
Betting Exchanges are basically a peer to peer type of betting site, and as such if you have ever fancied the idea of becoming a bookmaker taking bets off other people then you really should consider joining up to such as site, and if you live in Spain then the first batch of licenses are going to be issues in the early months of 2015.
There are several online Betting Exchanges currently available with the biggest one being BetFair, if you are interested in signing up then as soon as you have registered an account with them you will be able to place or lay odds on any type of sporting event.
To ensure complete openness and fair play once a customer places a bet the stake for that bet is removed from the account of that Betting Exchange user, and the person who is offering the odds on that chosen bet also has the potential winnings they will have to payout removed from their account.
Once the sporting event finishes and the result of the event is known the winning customer whether that be the person placing the bet or the person offering the odds on the bet gets paid out their winnings there is a small commission charged which is how BetFair make their money, but this is
quite small and nominal.
Checkout the BetFair Betting Exchange’s website for a more detailed explanation and step by step guide on how their betting exchange works and operates for it really will appeal to a wide number of sports bettors!
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