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looks like exchange wagering is coming to the sportsbooks

Discussion in 'The Sports Book' started by IxAccDnf, Oct 31, 2014.

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  1. IxAccDnf

    IxAccDnf VIP Whale

    Feb 21, 2010
    Trips to Las Vegas:
    Pete Korner, owner of Nevada’s largest oddsmaking firm The Sports Club, has just received the U.S. patent for exchange wagering and is working on the necessary procedures to get things live in the sportsbooks.

    “The project will most likely start after football in accordance to suggestions made by the Gaming Control Board,” Korner told Covers. “We have a sportsbook who has volunteered to be the bank for deposits and withdrawals. We can't say who just yet but it will be here in Las Vegas.”

    Exchange wagering is currently available online through shops like BetFair, where bettors can offer lines on an open market to other players and those bettors choose whether or not to accept them. The principle is essentially the same with Korner’s exchange wagering, only the sportsbooks will be the only ones who can accept offers.
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