Among the big winners in the internet scramble are betting exchanges, innovative sites allowing punters based anywhere in the world to bet directly against each other. It works like this: one punter thinks a team will win, another that they will lose - hey presto, the two punters bet against each other, with one taking money off the other based on the outcome.

It's that simple - no wonder betting exchanges are hugely successful and the scourge of traditional bookmakers, who are concerned about their turf being invaded at an alarming rate. We can all be bookies now - it's payback time!

Only the fittest exchanges survive online and one of the fittest, without doubt, is Betdaq, an Irish site set up by Celtic supremo Dermot Desmond to provide punters with an excellent service and competitive prices.

At Betdaq, all the usual components of betting exchanges are available - you can place your bets against other punters, the best prices are clearly listed and you can see the total volume of money matched.