3 ms·

https://www.betfair.com/ https://www.betfair.com/ Does exactly this. Odds are just set by supply and demand and you pay a small fee per bet.

• devilbunny 1y ago
  Functionally more like parimutuel bets, then? I don’t gamble (on sports or anything else), so I haven’t paid these much attention (though the nonstop betting ads have made watching pro sports much less pleasant).
  • Buttons840 1y ago
    It's a bit of a conspiracy, but ultimately there is more money in sports betting than in the sport itself, and thus eventually the money will win and sports will just be a mechanism for gambling. The leagues will ultimately be controlled by those who run the gambling and have more money and power than the league itself.
    • devilbunny 1y ago
      One of the underappreciated concepts behind vice laws is that they function to prevent large-scale coopting of entire industries this way. In theory, at least.