Betfair was bought by the bookmaker Paddy Power. Betfair has both an exchange and sportsbook components. The former is where you bet against other punters and t

Betfair was bought by the bookmaker Paddy Power. Betfair has both an exchange and sportsbook components. The former is where you bet against other punters and the latter is where you bet against the company. The site seems to steer you by default towards the latter. If you show even minimal profitability on a sportsbook and you'll typically be restricted. Does the sportsbook get first pick on odds on the exchange to lay off liabilities? Do they monitor canny punters on the exchange and take positions accordingly? Are there even chinese walls between the two parts of Betfair and between that and Paddy Power bookmakers. Is this well regulated? Paddy Power are a pretty slick operation but I wouldn't trust them as far as I could throw them.