Person-to-person betting exchanges have revolutionised the way people place their bets. They act as a brokerage allowing different customers to bet against each other. You can back a selection to win or lay it to lose.

On average odds are 20% higher than those offered by traditional bookmakers and successful punters don't suffer the problem of having the size of their bets restricted.

They also allow you to bet in-running on the majority of horse races and other sports events.