It's not a house, but you can be if you want.
Betfair
you to win. They have nothing to do with the markets, the public create and build them, usually to the point where you can bet ''for''
or ''against'' at the most ''reasonable'' price going on anywhere.
So basically you are betting against the public, which if it's a serious event could trade hundreds of millions.
The company itself would average trading several millions a day with the vast amount of options they have available.
Betfair get their cut by taking commission out of your winnings, usually in the 2-5% range with new members at 5% obv
Compare this to almost any other establishment who take anywhere between 10-15% before offering you their miserable quotes, and you'll soon
note that if you're betting seriously that's already a hell of a cut.
The platform is a betting marvel, you can trade on any possible outcomes as opposed to the usual ''backing of things'' just at the click of a button
with plenty of time in-between deliveries to make decisions.
Could dribble on and on about why it's the best platform but going to leave it there and just suggest it's a must for anyone serious about punting.