Citibet Net operates as a betting exchange, which is fundamentally different from a traditional bookmaker. Understanding this model helps punters appreciate the key advantages of the platform.
What is a Betting Exchange?
A betting exchange is a marketplace where individual punters bet against each other rather than against a bookmaker. One user backs a horse to win, while another user lays that same horse (bets on it to lose). The exchange matches these opposing bets and takes a small commission on winning wagers.
How Citibet Net Differs from Bookmakers
Traditional bookmakers build a profit margin into every price they offer. On a betting exchange like Citibet Net, prices are set by the market itself, resulting in better odds for punters. The only cost is a small commission on net winnings, which is typically much lower than the built-in margin of a traditional bookmaker.
Laying Horses on Citibet Net
One unique feature of Citibet Net is the ability to bet on a horse to lose, known as laying. This is not available with traditional bookmakers but is a fundamental function of any betting exchange. Experienced punters use lay betting to hedge existing bets, trade markets or target horses they believe are overpriced.
Liquidity and Market Depth
Citibet Net is considered one of the largest racing betting exchanges in the world by turnover. High liquidity means bets are matched quickly and large stakes can be placed without significantly moving the market. Turnover on the exchange is estimated in the billions of dollars annually across all markets.
Exchange vs Traditional Bookmaker Summary
The key differences are: exchange odds are market-driven and typically higher; laying (backing a horse to lose) is available; commission is only charged on net winnings; and there is no bookmaker margin built into prices. For serious horse racing punters, the exchange model consistently delivers better long-term value.
Ready to get started? Read our step-by-step betting guide or explore available horse racing markets.
