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Yahoo Betting

, 2005-02-01, by TwoGun

Yahoo has created a joint venture with Betfair, an online betting exchange. A betting exchange is similar to a sportsbook but has one key difference. Instead of simply taking odds set by the house, bettors place wagers against each other, with the house charging a transaction fee.

The new joint venture will be known as Yahoo Betting. It is planned for a March launch, and it will be featured on various financial and sports pages throughout the Yahoo UK/Ireland network. For more information, check out this ZDNet Article.

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