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Knowing how the world works and how bookies work I would be shocked if they didn’t have some other methods at play. Ie algorithmic boosting of whatever is likely to get them more $$$.
Standard bookies have been running AI for years to identify, limit and close accounts of anyone who looks like they might win money.
Nope.
On BF exchange it is literally punters laying bet offers for other punters to back.
No intermediary, algorithmic or otherwise. Just a rake for the service provider.
Contrast this with when a bookie is looking to find an arbitrage they take a risk of not completing it.