A Betting Exchange is an online platform where you can bet against other users instead of the bookmaker. You get to engage in a peer-to-peer betting experience, where you can both back (bet for) and lay (bet against) outcomes.
You have the freedom to set your own odds and accept bets from other users, making it a highly interactive and potentially profitable form of online sports betting. These exchanges offer a wide range of sports and events for you to wager on, providing an alternative to traditional betting sites in India.
Best betting exchanges in India
We will now highlight a few of the best betting exchanges in India that stand out for their features. These exchanges have gained popularity in the country and offer a range of betting options, competitive odds, and user-friendly platforms.
By exploring these platforms, you can discover the ideal betting exchange that aligns with your preferences and provides a seamless betting experience.
Let's delve into the details of these notable exchanges and find the one that suits you best.
Dafabet is one of the finest betting exchange sites in India that stands out for you due to its impressive features. You'll have access to a diverse range of sports to bet on, including popular options like cricket betting, football, basketball, tennis, and more.
What makes Dafabet special for you is its focus on the Indian and Asian markets, offering an extensive selection of Asian sports and leagues. You'll also enjoy the unique advantage of live streaming, allowing you to watch matches in real time while doing back and lay betting.
With competitive odds, attractive bonuses, and a user-friendly interface, the Dafabet Exchange is an excellent choice for you if you want to wager on a Betting exchange.
Crickex is a cutting-edge betting exchange that revolutionizes your cricket betting experience. This innovative platform is tailored specifically for cricket enthusiasts, offering a seamless and interactive environment for cricket betting.
With Crickex, you gain access to a wide array of cricket markets, allowing you to place bets on various formats, from Test matches to T20 leagues. What sets Crickex apart is its advanced trading features, empowering you to trade your bets in real time, seize profitable opportunities, and maximize your winnings.
Experience the thrill of cricket betting like never before with the Crickex exchange, where innovation meets your passion for the sport. Without a shadow of a doubt, the cricket betting exchange is the coolest feature of this platform.
Fun88 is yet another captivating betting exchange that injects excitement into the betting world. This dynamic platform is one of the finest betting exchange sites that offer an array of thrilling sports betting options, including cricket, football, basketball, and more.
What makes Fun88 stand out is its vibrant interface and user-friendly navigation, ensuring a seamless betting experience. Additionally, the Fun88 exchange delights you with exclusive bonuses and interactive features that enhance the overall enjoyment of your betting activities.
EKbet is a renowned bookmaker that excels in offering a remarkable betting exchange experience. With EKbet's betting exchange, you'll have the opportunity to engage in peer-to-peer betting, setting your own odds and trading bets with other bettors.
This unique feature allows you to play the role of a bookmaker yourself, giving you greater control and potential for higher profits. EKbet's betting exchange covers a wide range of sports and events, ensuring there is always something to bet on.
Whether you're a seasoned bettor or just starting out, EKbet's betting exchange provides a thrilling and interactive platform for you to maximize your betting experience.
If you're searching for the best betting exchange in India, look no further than Indibet. Indibet has earned its reputation as the ultimate betting exchange that caters specifically to your needs.
You'll have access to a wide range of sports betting options, including cricket, football, tennis, and more. The Indibet Exchange excels in providing you with a user-friendly platform, ensuring seamless navigation and a secure betting environment.
You can experience the thrill of competitive odds, lucrative promotions, and dedicated customer support that is tailored to meet your requirements.
What is a betting exchange?
In a betting exchange, you have the power to set your own odds and take control of your betting experience. Imagine there's an upcoming cricket match between India and New Zealand. In a traditional bookmaker, you might see odds like India: 2.00, New Zealand: 1.80.
However, on a betting exchange, you can be the one to set the odds. For instance, you believe India has a strong chance of winning and offer odds of 2.20. On the other hand, someone else thinks New Zealand will come out on top and offers odds of 1.70.
Now, let's say you want to back India with a stake of INR 500. You accept the odds offered by the other user, and your bet is matched. If India wins the match, you will receive a payout of INR 1,100. Which means you earn a profit of INR 600.
On the other hand, another user wants to place a lay bet on India, meaning they are betting against them. They accept your bet. If India loses the match, that user will receive a payout of INR 1,110.
The betting exchange also allows you to trade positions during the match. For example, let's say India gets off to a strong start, but you start having doubts about their chances of winning after some time. Then you can lay India at shorter odds and cut your losses or even make a profit.
Back betting is a popular form of betting on a betting exchange where you place a bet on a particular outcome to happen. You can engage in back betting by placing a wager on a specific outcome you believe will occur. For example, let's consider a football match between Manchester United and Chelsea. On your betting exchange, the odds for Manchester United to win the match is 2.50.
If you decide to back Man Utd with a wager of INR 1,000 at these odds and if they actually win, then you will receive a payout based on the odds you placed your bet at. In this case, you would receive INR 2,500. And if they lose or draw, then you lose your bet.
In a betting exchange, if you want to back at higher odds than what is currently available, you can request those odds by adjusting them to your liking. By doing so, you are essentially placing a bet at your desired odds and waiting for another user on the exchange to “lay” those odds.
If another user is willing to accept and lay your requested odds, your bet will be matched. However, if no user is willing to accept and lay your requested odds, your bet remains unmatched, and will be cancelled.
You should also note that Back Betting is not limited to betting exchanges only. Traditional sports bookmakers also offer back betting options. In this scenario, the bookmaker sets the odds for various outcomes, and you choose which outcome to back.
When you choose to place a lay bet, you are essentially betting against a specific outcome and taking on the role of the bookmaker.
Similar to back betting, the current lay odds will be automatically selected for you. However, you have the option to adjust these odds according to your preference, in the hope that another user will back your offered odds.
For example: If there's a highly anticipated match between India and England, and you believe that England will not win the game.
In this case, you can place a lay bet on England. Let's say the current lay odds for England are 3.00. This means that if you place a lay bet with a stake of INR 100 on England, you will walk away with INR 200 if England doesn't win the game.
Lay betting allows you to be the bookmaker. Rather than backing a selection to win, lay betting enables you to bet on something not happening. Let's say you're unsure about which team will win the Premier League title, but you have a strong feeling about a particular team that you believe won't be the champion. In this scenario, lay betting would be a suitable option for you.
By placing a lay bet, you can wager on that specific team not winning the league. If any other team emerges as the winner of the Premier League, your bet is successful, and you win. However, if the team you laid your bet against ends up winning the league, then, naturally, you would lose your bet.
It's important to note that lay betting is specific to betting exchanges and differs from traditional bookmakers where you can only back an outcome.
On a betting exchange, you can actively participate in in-play betting. This means you can place bets on an event while it is happening. It allows you to react to the ongoing match and make appropriate decisions while placing your bets. For example, let's say you want to bet on the total runs scored in the match between India and England.
The current odds for India scoring over 300 runs are 2.50. You decide to place a bet of INR 500 on over 300 runs. However, do note that while live betting, the odds may change based on the events happening on the field.
If India starts scoring runs quickly, the odds for over 300 runs may decrease to 1.80. Conversely, if they lose early wickets, the odds may increase to 3.50. However, your bet will be locked on the odds when you have placed the bet.
During the match, you may also have the option to cash out your bet. Cash-out allows you to lock in a profit or minimize potential losses before your bet comes to an end. Additionally, you can also place new bets or adjust existing bets based on your assessment of the match situation.
Cricket Betting Expert
If you are looking for a betting exchange that especially stands out for cricket betting, I would recommend checking out or cricket betting exchange page. There, you can find the 7 best exchange sites for betting on cricket.
What are the advantages of a betting exchange?
Betting exchanges offer you several distinct advantages over traditional bookmakers. One notable benefit is that you can engage in direct peer-to-peer betting, meaning you bet against other individuals on the exchange, ensuring a fair and level playing field.
You'll find that the odds on a betting exchange are often more competitive and fairer since they are determined by the supply and demand of users like yourself.
This translates into better value and the potential for higher returns on your winning bets. Moreover, betting exchanges typically have a smaller house edge, as they earn their profits through commission on net winnings rather than setting their own odds. This means you can enjoy more favorable odds and increase your profitability.
Additionally, you'll discover a wider range of betting markets on betting exchanges, including niche sports and unique events, catering to your diverse interests. In summary, as a bettor, you'll benefit from fairer odds, direct peer-to-peer betting, a lower house edge, and diverse betting markets by choosing a betting exchange over a traditional bookmaker.
Bet on or against a certain outcome
One of the advantages of a betting exchange is the ability to bet on or against a specific outcome. Unlike traditional bookmakers where you can only back an outcome, a betting exchange allows you to both back and lay bets.
For instance, in a cricket match, if you believe that Pakistan will not win, you can lay a bet against Pakistan. This means you are essentially betting on Pakistan to lose the match.
Betting exchanges often offer improved odds compared to traditional bookmakers. The odds on a betting exchange are determined by the market and the interactions between two bettors. As a result, there is more room for competitive pricing and better value.
For example, let's say you want to back India to win a match. On a traditional bookmaker, the odds might be 2.00. However, on a betting exchange, you might find some other bettor willing to lay the bet at higher odds such as 2.20 or 2.50. By taking advantage of these improved odds, you can increase your potential returns if your bet is successful.
Commissions on a betting exchange are generally smaller compared to the margins applied by bookmakers. Instead of including a built-in margin on every bet, betting exchanges charge a commission on net winnings only. This means you only pay a fee on the profits you make, rather than on the total stake.
For instance, if a betting exchange charges a 2% commission, and you win a bet with a profit of INR 1,000, you would only pay INR 20 as a commission. On the other hand, bookmakers may have a higher margin built into their odds, resulting in lower net winnings for you.
Another option available on a betting exchange is arbitrage betting. You can actively take advantage of variations in odds across different exchanges. By placing bets on all possible outcomes of an event at different exchanges, you can ensure a profit regardless of the outcome.
This is easier on betting exchanges compared to bookmakers, as the odds on exchanges typically vary more.
Let's consider a live example involving a cricket match between India and Australia. On one betting exchange, the odds for India to win are 2.00, while on another exchange, the odds for Australia to win are 2.20. This creates a potential arbitrage opportunity.
Let's say you have INR 1,000 to invest. To create an arbitrage, you would place INR 500 on India to win at odds of 2.00 on the first exchange and at least INR 454.55 (approximately) on Australia to win at odds of 2.20 on the second exchange.
If India wins, you would receive INR 1,000 (INR 500 x 2.00) from the first exchange. However, you would lose INR 454.55 on the second exchange.
If Australia wins, you would receive INR 1,000 (₹454.55 x 2.20) from the second exchange. However, you would lose INR 500 on the first exchange.
In both scenarios, you would have invested ₹1,000 but received a return greater than your initial investment