HDMI splitter vs switch

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27 Sep 2011
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Currently I have my TV setup next to my Xbox which I play on a dedicated 22" monitor. However, when it comes to watching Netflix I have to manually swap the HDMI cable from the back of the monitor (coming from the Xbox) to the TV. What's the cheapest, easiest way to make this so I don't have to keep swapping cables about?

Would a 2 to 1 splitter plugged into my Xbox simply mean it will display on both my monitor and TV simultaneously? Any disadvantages to this setup?
 
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