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I think betfair is a betting exchange, where players bet against other players and betfair takes a commision fee from the winning bets. Not like a normal sportsbook, where players are betting against the house.
This way betfair has no advance in voiding all bets and returning the money to their customers, they even lost a nice amount on fees, wich they can collect from the winners.
Please correct me if im totaly wrong.
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