# Exchange betting basics

[How Exchange betting works](https://learn.betdex.com/betdex-exchange/using-the-betdex-exchange/trading-on-the-betdex-exchange/exchange-betting-basics/how-exchange-betting-works)

[Placing a back order](https://learn.betdex.com/betdex-exchange/using-the-betdex-exchange/trading-on-the-betdex-exchange/exchange-betting-basics/placing-a-back-order)

[Placing a lay order](https://learn.betdex.com/betdex-exchange/using-the-betdex-exchange/trading-on-the-betdex-exchange/exchange-betting-basics/placing-a-lay-order)

[Cancelling a bet](https://learn.betdex.com/betdex-exchange/using-the-betdex-exchange/trading-on-the-betdex-exchange/exchange-betting-basics/cancelling-a-bet)

[How does matching work?](https://learn.betdex.com/betdex-exchange/using-the-betdex-exchange/trading-on-the-betdex-exchange/exchange-betting-basics/how-does-matching-work)

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