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WebSep 8, 2024 · Here’s how it works. The book takes $11,000 to win $10,000 on team A and $11,000 to win $10,000 on team B. If team A wins the book gives the winners back their 11,000 and 10,000 from the losers. This … WebJan 26, 2024 · How do betting exchanges make money? The main way that betting exchanges make money is by taking a small commission on winnings. The exact amount varies between exchanges, but it is generally between 2% and 5%. This is much the same business model as a poker room taking a rake in exchange for providing a safe and … WebSep 8, 2024 · Placing bets on sports is a way for some people to make money and a way for many to enjoy watching a contest more than if they didn’t have money riding on the outcome. Only a few people are able to … porgy house folly beach sc