Gambling & Casinos - , ,
Rambet is a team of young and diverse professionals inspired by Betfair's unique exchange model. We use cutting edge technology to enable customers to come together and bet against each other, rather than against a bookmaker.Rambet makes money by taking a small commission on each winning transaction. Because this business model does not involve any financial risk, the odds displayed have no built-in profit margin and typically deliver better value than a fixed odds bookmaker. Winning customers are always welcomed, rather than having their bookmaker accounts closed.Several other elements of the exchange work to provide more betting choice to customers. All Rambet markets are closed at the end of an event, enabling customers to continue trading their position while an event is in ‘in-play". Using this trading functionality, Rambet customers have the ability to lock in a profit, or mitigate a potential loss.Our vision is to expand the ‘Fair' betting model and educate the betting community on the benefits of using an exchange betting product instead of a bookmaker.