> For the complete documentation index, see [llms.txt](https://learn.betdex.com/betdex-exchange/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://learn.betdex.com/betdex-exchange/using-the-betdex-exchange/betting-on-the-betdex-exchange/exchange-betting-basics.md).

# Exchange betting basics

[How Exchange betting works](/betdex-exchange/using-the-betdex-exchange/betting-on-the-betdex-exchange/exchange-betting-basics/how-exchange-betting-works.md)

[Placing a back order](/betdex-exchange/using-the-betdex-exchange/betting-on-the-betdex-exchange/exchange-betting-basics/placing-a-back-order.md)

[Placing a lay order](/betdex-exchange/using-the-betdex-exchange/betting-on-the-betdex-exchange/exchange-betting-basics/placing-a-lay-order.md)

[Cancelling a bet](/betdex-exchange/using-the-betdex-exchange/betting-on-the-betdex-exchange/exchange-betting-basics/cancelling-a-bet.md)

[How does matching work?](/betdex-exchange/using-the-betdex-exchange/betting-on-the-betdex-exchange/exchange-betting-basics/how-does-matching-work.md)

[Why are six sets of odds shown?](/betdex-exchange/using-the-betdex-exchange/betting-on-the-betdex-exchange/exchange-betting-basics/why-are-multiple-sets-of-odds-shown.md)