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LatteLazy | 5 months ago

https://www.betfair.com/

Does exactly this.

Odds are just set by supply and demand and you pay a small fee per bet.

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devilbunny|5 months 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|5 months 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.