Betting exchanges are a fascinating new development in risk markets, a development which has turned the traditional bookmaking and gambling industry on its head. Betfair, Betdaq and similar exchanges are transforming the way people view risk and the pastime formerly known as gambling.

Betting exchanges are "just" another risk market; similar to pork bellies, DOW jones futures or foreign exchange markets. However, there are many significant advantages to these exchanges as well that outperform traditional risk markets.

In "Profitable Exchange Trading", Peter Webb uses his financial background to provide a detailed analysis of the betting exchange phenomenon and introduce techniques and strategies to trade these markets profitably.