Betting exchange is the most powerful factor that has drastically changed the face of the online gambling industry. A punter can easily and conveniently place a bet on various sports betting markets or events with another person instead of a bookmaker. In simpler terms, you bet against other players instead of an online bookmaker. This feature can be claimed simply with any individual, who is ready to accept your wager through betting exchange. A betting exchange is applicable on an assorted range of sports including horse racing.