Betfit Releases New Betting Exchange for Online Gambling

Silvas Global Entertainment, SA, a company settled in Costa Rica and
formed by European entrepreneurs with several years of experience
as punters, announces the launch of the new betting exchange
BetFit, available at betfit. Betfits present goal is to
attract clients of the traditional sportsbooks who understand the
way betting exchanges operate and are willing to benefit from those
advantages, as well as aim at the already installed betting
exchanges markets and online gamblers.

Executive Director of betfit, Ricardo Silva, explained, A betting
exchange is a facility where consumers place bets between each
other on the outcome of a certain event. Like real world bets about
the outcome of a certain game, one person bets on a certain outcome
and another bets against it. Consumers do not bet with the fixed
odds offered by a traditional sportsbook. On the contrary, they
negotiate the prices of their own bets, thus obtaining better odds.
With betting exchanges, consumers make more profits and have more
fun.

The betting industry was shaken with the
introduction of the betting exchange industry. Gamblers betting
patterns and habits rapidly changed when they received the ability
to bet against the outcomes of certain events, which is not
available with traditional sportsbooks. A new era began, changing
the betting industry forever and even changing the name of the
sportsbooks to traditional sportsbooks, in order to differentiate
from the new ones.

Changes are also being made in the new betting exchange industry as well. Being new, there is a
lot to expand and to develop. An increasing number of traditional
sportsbook clients are changing to the new betting system, and
traditional sportsbooks themselves are using the concept in order
to makeup from the bets accepted from their clients. The market is
growing on a daily basis, and demand increases
proportionally.