In running and peer to peer betting (Betfair style) are indeed different. You can place in run (live) bets on Betfair. Interesting anecdote, apparently Betfair

In running and peer to peer betting (Betfair style) are indeed different. You can place in run (live) bets on Betfair. Interesting anecdote, apparently Betfair had one of the busiest Oracle installs on the planet. They were (are?) creating some pretty neat infrastructure to get away from it: http://www.infoq.com/presentations/matt-youill-betfair-flywheel-tradefair http://www.infoq.com/presentations/matt-youill-betfair-flywh...