Are you an advanced cricket punter from India? Register at the best cricket betting exchange in India today. Although betting exchanges is a less famous method of betting on sports, they are more commonly used by the highly experienced gamblers in India.
They provide a wide variety of betting markets for Indian punters. The leading is cricket betting, followed by soccer, kabaddi, tennis, and much more.
Few sports aficionados also agree that they provide excellent betting terms and accept Indians, unlike classic bookies. It depends on you which platform is the ideal for your betting style and personality. In our post, we will discuss how betting exchanges work and list the best betting exchanges in India.
Indian Betting Exchange
Placing bets on sports betting exchanges allows users to have incredible experience online. There are also other perks that punters enjoy. With it, punters have a higher chance of winning than with other forms of online gambling. It is because users are using their earned sports knowledge to place wager.
Betting exchange India sites do not limit customers on what type of bet they would make. But punters who lay the bets need to ensure that they deposit sufficient funds to cover their bets. Moreover, it is also essential to create a solid strategy before wagering because this ensures risk-free betting.
Smart reason to choose India’s best exchange site:
- Best odds available
- You can pick the odds as you want
- A wide range of markets and selections
- You can bet while a sports event is in progress
Best Betting Exchange in India
Although there are numerous betting exchanges across the globe, most of them are unavailable to Indian punters. Below are the best cricket betting exchange platforms for Indians:
Betfair is the most famous betting exchange platform. They were the first ones who introduced the concept of bet exchanges. They have gained an immense reputation among bettors due to the wide range of in-play and pre-game betting events and markets.
Welcome Bonus: 100% up to ₹8000
1XBET India is an old gambling site that started offering gambling services in 2007. It has got a license from the Curaçao government. This international platform offers special perks to the Indians. Their betting exchange renders plenty of sports and games for betting.
This site charges a small amount from your every winning bet – 1% of the winning amount. It also offers higher odds on the sports exchange, unlike other online bookie websites. This helps punters to win much more for one bet.
Welcome Bonus: ₹2100
888Sport is an international gambling site established since 1997 that boasts a wide range of gambling products. This ranges from casino games to sports to online poker.
Headquartered in Gibraltar, it holds a license in the United Kingdom, Denmark, Malta, and other European jurisdictions. This trustworthy site is also one of the most innovative online betting exchanges worldwide.
There are 40 different sports for betting, including hockey, cricket, football, tennis, etc. The only downside is that the 888Sport platform does not accept INR. 888Sport also offers premium betting promotions to the users.
How Betting Exchanges Work?
Since its inception in 1999, betting exchanges have had a significant effect on the betting industry. They provide punters excellent flexibility in comparison to conventional bookmakers.
A betting exchange is an online site that matches gamblers that want to place opposite bets and allows them to wager on the result of individual events using backing and laying. In the simplest words, we can say that it enables players to back a gambler or team to win, and the other players play the same gambler or team to lose.
Punters can bet on a negative or positive outcome. Unlike sports betting, betting exchanges let users set their odds on the results. You can even shop around the best available odds and set the money you are ready to accept when wagering.
The number of users backing and laying determines the odds on offer for a specific bet. Remember, the better the liquidity is for a betting market, the more competitive the odds will become.
Below are the basics of betting exchange that you need to know:
Backing means wagering on something likely to happen. For example, a sports team, a horse, or a punter to win.
Laying means wagering on something likely not to happen. For example, if you lay a cricket team to triumph, your bet will be settled as a winner if the team becomes lost or the game draws.
Matched betting is the process of placing multiple bets to include all the results of a match.
Betting Exchange Working
The major difference between a traditional bookie and betting exchange is how they mint money. The exchange fee on the bets can be 2 to 5%, depending on the betting exchange platform. On the other hand, convention bookies get earnings from the odds.
Placing your bets at the Indian betting exchange platform is also straightforward. Just head to the site and hit on the lay marketplace. If you are happy about the odds, input your stake.
If you need to create your personal odds, look forward to other players to suit your selection. Once you are glad together along with the bet, hit verify, and you’re all done. When the match ends, money is transferred from the to the winner’s account from the loser’s account.
How Do We Choose the Best Betting Exchanges?
There are several betting exchange platforms available to users today. It’s best to research deeply before wagering for a flawless betting experience online. Here are the key factors to look before you pick the betting exchange site:
- Range of Bets. Today, online sports bookie offers a massive variety of markets on all sports events. Cricket betting and kabaddi games are something that a good betting platform should provide. While searching unique betting exchange websites, find out what sports they provide to their customers. You need to pick an issuer that agrees on the sports activities and the way you desire to gamble.
- Licensing. Another essential thing to check is a legal license. Ensure that a reputed online gaming jurisdiction issues it. Of course, you cannot lay bets on an exchange site that is not regulated or financially backed.
- Reputation. With the increasing competition amongst online betting exchange sites and casino sites, disreputable gambling operators are also appearing. It’s worth choosing a betting exchange site that is professional, respected, fair, and gives the activities and sports markets that you want to bet on.
- Financial Security. Every player investing money on wagers in online betting exchanges want to feel safe and secure 24*7. You need to choose a site that deploys protective measures like the latest firewalls, SSL encryption, or other state-of-the-art protection.
- Technology. Technical capabilities are also a vital consideration when selecting the best betting exchange site for 2020 in India. Is the website easy and smooth to navigate? Do they provide 24*7 live chat? What security standards do you want to use?
- Odds and Multiple Stakes. The best betting exchanges in India offer great odds and liquidity on straight bets. However, if you want to place multiple bets, it is not possible.
- Payment System. A good betting exchange site offers a transparent, approved, and quick deposit and withdrawal options to the Indian users. The majority of these businesses occur using credit or debit cards. They also offer payment alternatives like Skrill, Paypal, and allow punters to make transactions using INR. Few online betting exchanges also support cryptocurrencies like Bitcoin.
- In-Play and Live Betting. Try to find the top-notch online betting exchanges that offer in-play and live betting so that you have plenty of betting options all the time. The odds change depending on what is happening in the underlying event. Punters can use betting exchanges to shield different stakes, close down a losing bet, and receive gambling profits early.
- Promotional Offers. Like sports bookies, Indian cricket betting exchange sites also lure new and existing punters by offering them attractive bonuses and promotions. The most common treats include free bets on cricket betting upon signing up. It allows punters to place wagers on some sports events without spending any dime.
- Mobile Support. India has millions of active mobile phone users. This signifies that most Indians are looking for cricket betting exchange sites that support mobile and tablet. Therefore, make sure you pick a site that offers a functional betting exchange application.
You do not need to feel concerned about the phone you are using because you can access every feature with Windows, iOS, or Android phone. Avid cricket lovers can head to their favorite betting exchange sites using the standard smartphone web browser and place bets regardless of where they are.
Betting exchanges have been around with us for over a decade. It is different from regular betting at online bookies. But tons of gambling websites have started offering this feature.
Cricket betting exchange sites in India allow users to place wagers with other cricket fans. Find the one that provides excellent features and is suitable for your betting style.