The Satbet Exchange is home to numerous online sports betting options that range from cricket to football, and baseball, to name a few, and where new as well as experienced gamers can come together for enjoyment.
In just a couple of years of existence, the online betting site has managed to establish a secure environment for different forms of betting, including back betting and lay betting on the exchange. If you are new to the site and skeptical about its trustworthiness, be rest assured that its services are 100% legitimate.
This page will give you all the details that you may need before exploring the Satbet Exchange. So, read on and make the decision for yourself.
Satbet Betting Exchange
Satbet is a fairly new bookmaker, having been established only in 2020. Regardless, as a bettor on the site, you can wager on numerous sports and events.
While under Cricket, you can find choices such as ICC Cricket World Cup, Marsh One-Day Cup, Women’s International T20 Matches, etc. Football gives you betting options like UEFA Champions League, Serie A, Bundesliga, English Premier League, and FA Cup, among others.
You can find the schedule of different sporting events on the exchange Satbet page, ensuring that you do not miss out on unique gambling opportunities, be it back betting or lay betting.
As compared to a regular bookmaker, you will come across more betting options on the Satbet exchange. The odds here are generated by bettors like you. While you can go with their odds, you also have the option to set your own odds, allowing other members to take them into account while placing their own bets on Satbet Exchange.
Betting on the exchange is also possible by downloading the Satbet app. While there is no Satbet Exchange app, you can find a dedicated section for it in the regular mobile application.
How to Back a Bet on Satbet?
A back bet is the traditional form of betting wherein you bet on a team to win or a player to excel. Let us take an India versus Pakistan cricket match as an example.
If you place a bet on Jasprit Bumrah to claim five wickets in an innings, it is considered a back bet, and if Bumrah gets a ‘fifer’, you win the bet and earn money.
This is the same way as you would usually place a bet on a regular online bookmaker.
How to Lay Bets on Satbet Exchange?
A lay bet is the opposite of a back bet, wherein you bet against an event from occurring. We can use the same Jasprit Bumrah example, but instead of betting on him to get a 5-fer, you bet on him to get less than five wickets. This is known as a lay bet. And if Bumrah gets anywhere between 0-4 wickets, you get paid.
While a back bet is a common feature with most bookmakers, a lay bet is an interesting addition that you will only find with a betting exchange.
Learn more about this bet type in our back and lay betting guide.
You can lay a bet by following the steps below:
- Register at Satbet or create your account
- Navigate to the betting exchange section
- Decide which match you want to lay a bet on and determine the odds
- Make sure to set the odds to a realistic amount
- Wait for other players to accept your bet and hope you win their stake
Is the Satbet Exchange Legal?
You will be pleased to know that the Satbet Exchange is 100% legal in India. They are licensed by the industry’s most prominent authorities in Curacao, who constantly monitor their operations for fair play.
You can rest assured that they are trustworthy when it comes to paying their customers in full and on time. You can confidently sign up with them without any concerns.
Deposits & Withdrawals
Satbet provides a decent assortment of payment methods ensuring that you find one that you are comfortable using. You can choose from options such as UPI, Phonepe, cryptocurrencies and general bank transfers.
The betting site employs an SSL security protocol, enabling members to carry out safe deposits and withdrawals.
Deposits at Satbet
The minimum deposit limit for each payment method is set to just INR 500, whereas the maximum limit is set to INR 10,00,000 across all payment methods.
Below is a full list of payment methods available at Satbet India.
- Bank Transfer
- Visa and Mastercard
- Google Pay
You will find that the transactions are usually instant after which you can get to explore different casino gaming options on the Satbet website.
Satbet offers a wide range of withdrawal methods as well, with the minimum withdrawal set to a decent INR 500. What stands out is that there is no maximum withdrawal imposed by the bookmaker, but be advised that the payment provider may have set a maximum amount themselves.
Check out the withdrawal methods and the time for the money to reflect in your account in the table below:
|Payment Method||Withdrawal Time|
|Bank Transfer||2 to 7 business days|
|Visa and Mastercard||2 to 7 business days|
|Netbanking||2 to 7 business days|
In order to be able to process a withdrawal request, it is imperative to verify your account after registration by completing the KYC process. Y
ou will be required to submit an identity proof from the following – ID card, Driving License, Passport, or Aadhaar Card, while also uploading a photo of yourself on the Satbet website. The professionals will review your details and intimate you about your verification status, after which you can make withdrawals.
The maximum winning amount that you can cash out in a 30-day period is INR 4,40,307.
Can I Cancel a Payout?
Satbet allows you to cancel your payout within the first 3 days of initially processing it. Upon cancellation, your funds will be securely re-allocated to your online wallet. However, after three days, you cannot cancel the withdrawal request.
This is very generous, as most bookmakers do not allow you to cancel a withdrawal once it has been requested. Make sure to explore this option if you requested a withdrawal by accident.
Satbet Exchange Bonus
As soon as you register with Satbet, you can collect a welcome bonus of 100% up to INR 10,000 by making a minimum first deposit of INR 1,000.
It is an excellent opportunity to get your sports betting journey started with the operator. The bonus, however, comes with an expiration date of 10 days from the day of claiming it. You must also wager the bonus amount 5x times to make your earnings withdrawable.
Although there is no separate exchange bonus, you can also use the Satbet welcome bonus for placing bets on the exchange part of the site.
Satbet is completely legal in India, and it holds a license from the Curacao Gaming Commission, allowing it to set up operations in different countries. They are constantly monitored by the gaming authorities in Europe to ensure that they follow fair practices.
Yes, you can trust Satbet Exchange completely. In its few years of existence in the gambling industry, the bookmaker has paid all the winners in full and on time. You can be assured of getting your rewards in time, too.
Satbet has a dedicated ‘Exchange’ section where you can view all the live and upcoming listings of matches. After selecting the one on which you want to bet, you must wager on the outcome rather than the obvious result, and it will count as a lay bet.
You can pick one of the live or upcoming matches from the Exchange section on the official Satbet website. The next step is to place a wager on the outcome that has the strongest possibility of transpiring. Back bet is a more traditional form of betting and the opposite of a lay bet.
On Satbet Exchange, you can get up to 10 different sports to bet on. These comprise Cricket, Football, Tennis, Ice Hockey, Basketball, Rugby Union, Rugby League, Horse Racing, Baseball, and Boxing.
While there is no Satbet Exchange app, you can access the betting exchange feature in the standard Satbet app.
No. While there is no exclusive exchange bonus on Satbet, you can surely take advantage of the sports welcome bonus that gives you 100% up to INR 10,000. The bonus amount of the welcome bonus can also be used on the exchange.