Cricket is a very popular sport in the world of sports betting, as it tends to attract fans all over India thanks to its popularity in the country. Among the various options available for cricket betting, cricket betting exchange apps have become increasingly popular of late.
The cricket betting exchanges offer a distinct and exciting betting experience, allowing you not only to place bets on match outcomes but also to participate in Live Betting, Lay bets, and even act as a bookmaker.
Unlike traditional sports bookmakers, cricket betting exchange websites bring together bettors from all over the country and allow you to place bets against each other. This type of betting allows you to have control over your bets, gives you flexibility, and even helps you get better odds as compared to the traditional bookmakers. Cricket betting exchanges have also introduced the concept of lay betting, where you can bet against a particular outcome.
As already mentioned, Cricket betting exchanges operate on a peer-to-peer principle, providing bettors like you with equal opportunities to succeed and the ability to create your own online cricket satta bazar.
This unique feature makes the betting process more transparent and fair, offering improved chances of winning without any limits, unlike the conventional approach taken by traditional bookmakers.
Best cricket betting exchanges in India
In this section, we will highlight a few cricket betting exchange websites that truly stand out in the Indian market. We will explore the features, advantages, and unique offerings of each exchange, providing you with valuable insights before you choose a particular platform for your betting experience.
Now, let's explore the leading cricket betting exchanges in India and the exciting opportunities they offer to cricket betting enthusiasts.
If you are looking for a cricket betting exchange site, Crickex should be right up there for you. You can get started with Crickex with a minimum deposit of just INR 200. The Crickex exchange provides you with an extensive range of cricket markets, enabling you to place bets across different formats, including Test matches and T20 leagues.
You can easily find odds for all major cricket tournaments such as Indian Premier League, ODI World Cup, Asia Cup, BBL, and plenty more. Although the betting exchange doesn't give out a welcome bonus on their platform, be rest assured there are multiple promotional offers that you can enjoy.
From weekly lucky draw to Daily 8.88% Bonus, from Daily Sports Rebate to Birthday Bonus, you can enjoy multiple offers on their website and cricket betting exchange app.
Fun88 is one of the finest betting exchange sites in India. The platform offers an array of thrilling sports betting options, including cricket. The minimum deposit amount on the Fun88 betting exchange is INR 100 to get things started. The betting site delights you with a welcome bonus along with other offers while you play on the betting exchange.
Additionally, you will be delighted to know that odds for every cricket format and major tournaments such as IPL, World Cup, Pakistan Super League, etc are available with them. Fun88's live betting feature is also one of the finest in the industry.
EKbet Betting Exchange offers a range of distinctive features that set it apart as an exceptional platform. EKbet's betting exchange covers a wide range of sports and cricket is the most popular of the lot. The minimum deposit you need to make to register your account with EKbet is INR 300.
You can also claim the EKbet bonus as a welcome offer of 100% up to INR 5,000 that you can use while betting on the exchange. When it comes to the tournaments, EKbet India has got you covered there as well. You can find all major tournaments along with all formats when it comes to betting on cricket.
How to bet on a cricket betting exchange?
Betting on a cricket betting exchange may seem to be a bit tricky for beginners, but once you get a total understanding of it, betting on an exchange can be a rewarding and amazing experience.
Placing bets on an exchange involves a different approach compared to traditional bookmakers. On a cricket betting exchange, you have the opportunity to bet against other users rather than placing bets with a bookmaker.
The two main terms to understand in a betting exchange are “backing” and “laying.” When you “back” a selection, you are betting on it to win. On the other hand, when you “lay” a selection, you are betting against that outcome.
For a better understanding of the same, we will give you in-depth knowledge along with examples that will help you with every nitty-gritty involved while you bet on a cricket betting exchange.
Back and Lay cricket betting
Back-and-lay betting is a fundamental concept in cricket betting exchanges that allows you to take on the role of either a bettor or a bookmaker. Understanding how back and lay betting works can help you to make strategic decisions that can help you make more money. Here are some examples for your better understanding.
Back betting involves placing a bet on a particular outcome, essentially backing it to occur. When you back a selection, you are betting that it will happen. If your backed selection is successful, you receive a payout based on the odds and your stake.
For example, In an intense match between India and Pakistan during the ICC Cricket World Cup, you may decide to back India to win. If you place an INR 1,000 bet on India at odds of 2.50 and they emerge victorious, you will receive a payout of INR 2,500, resulting in a profit of INR 1,500.
Lay betting involves taking on the role of the bookmaker, betting against a specific outcome. When you lay a selection, you are essentially betting that a certain event will not happen. If the selection you lay loses, you collect the stake from the bettor who backed it.
Let's explain to you with an example, in a highly anticipated T20 match between Australia and New Zealand, you choose to lay New Zealand. If you lay New Zealand for INR 500 at odds of 3.00, and Australia emerges as the winner, you collect INR 1,500. However, if New Zealand wins, you 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.
One of the key advantages of back and lay betting is the ability to trade bets during a match. This allows you to lock in profits or cut losses by adjusting your positions based on the changing circumstances of the game.
Let's assume during a Test match between Pakistan and South Africa, you initially back Pakistan at odds of 2.00. However, as Pakistan starts performing exceptionally well, their odds decrease to 1.50. You can lay Pakistan at 1.50, essentially creating a trade. By doing so, you secure a profit regardless of the final result. By understanding the concepts of back and lay betting in cricket, you can make lots of money and enjoy nail-biting betting at the same time.
The process of backing or laying bets is relatively straightforward. However, comprehending the reasons behind back and lay betting and knowing when to apply each strategy is a skill that comes with experience.
Live cricket betting
One of the thrilling features offered by betting exchanges is the ability to actively participate in live betting, allowing you to place bets while an event is in progress. For this, you need to be on top of the game and back your instincts in seconds and place bets as the odds keep on fluctuating every second.
Let's explain how live betting works on an exchange using an example of the cricket match between India and England. Imagine you want to bet on the total runs scored in the match. The current odds for India scoring over 300 runs are 2.00, and you decide to place a bet of INR 500 on this outcome.
As the match progresses, if India starts scoring runs rapidly, the odds for over 300 runs may decrease to 1.30. On the other hand, if India loses early wickets, the odds may increase to 3.00. However, rest assured that your bet will be locked at the odds when you have placed a bet.
During the match, you may also have the opportunity to cash out your bet. The cash-out feature allows you to secure a profit or cut down your losses before the bet reaches its conclusion.
Furthermore, in-play betting also allows you the flexibility to place new bets based on the match situation. Remember to stay attentive and take advantage of every ball being bowled during a cricket encounter.
Otto Nino Gamez
Football betting expert
Did you know that most of these exchanges also have odds for football betting? You will be able to place your bets on the most important matches from the English Premier League, La Liga and many more football leagues.
Why use a cricket betting exchange?
Cricket betting exchanges offer a range of advantages in comparison to traditional bookmakers. Cricket betting exchange apps and websites give an amazing experience that allows you to bet against other bettors.
The key benefits of using an exchange include better odds, peer-to-peer betting, the ability to lay bets, live betting options, and plenty more. As a bettor, you'll benefit from better and fair odds, a lower commission, and diverse online cricket satta bazar.
More betting options
Cricket exchange platforms offer a huge range of betting options beyond traditional match outcomes. You can wager on various aspects of the game, such as the highest run scorer, the number of boundaries, player performance, and much more. This wide range of betting options allows you to explore different markets and find value in areas that might be available with traditional bookmakers.
Even if the traditional bookmakers have these online cricket satta bazar, you can expect better odds with cricket exchanges rather than bookmakers. Instead of solely betting on the outcome of a match, you could place a bet on a specific player to score a century or predict the number of sixes hit in an innings as it will help you in maximizing your profit.
In addition, the opportunity of lay bets is something that is unique to exchanges. On a traditional bookmaker you can place bets on events to occur, but with lay-betting you can also bet on events not to occur.
Betting exchanges often provide better odds compared to traditional bookmakers. This is because the odds on a betting exchange are determined by the market demand, with users setting their odds. As a result, you may find more competitive odds and potentially higher returns for your winning bets.
Let's assume, if you want to back India to win a match, you may find odds of 1.50 on a betting exchange compared to odds of 1.30 offered by a traditional bookmaker for the same outcome. By taking advantage of these improved odds, you can increase your potential returns.