Can you explain the concept of "betting exchanges" and their potential role in Baccarat gameplay?

[Datweirdo]

I think betting exchanges allow users to bet against each other on Baccarat, setting their own odds and potentially offering better value than traditional casinos. This format provides flexibility, hedging opportunities, and arbitrage possibilities, but also comes with counterparty and liquidity risks. By understanding these factors, players can navigate betting exchanges to enhance their Baccarat gameplay.