This article does a fantasic job explaining the differences between the traditional sports book and the exchange, but it fails to mention which one Bookie will be. From my understanding, Bookie will be a combination, where the odds/spread is predetermined by bookie, but bettors are going against one another and not the house. Is that correct?
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Hi @suit5,
Sorry about missing this comment from a couple weeks ago! Bookie will be a betting exchange, which is peer-to-peer. So, no house, like you said.