How Do I Bet on a Cricket Exchange App?

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Online bookies are fast gaining popularity in India, especially in countries like India, where there are no brick-and-mortar betting shops. Another popular way of online betting is via betting exchanges. So, How do I bet on a cricket exchange app?

Read on to understand how.

How do I bet on a cricket exchange app?

Betting on a cricket exchange app is pretty easy. Just like you would create an account on an online sportsbook, you can make an account on a betting exchange, deposit some money in your gaming account, and start betting. However, there arenโ€™t very many betting exchanges available in India. One of the most popular cricket exchanges in India is the 1xbet betting exchange.

Why bet on a cricket exchange

Betting exchanges often represent the `trueยด odds of an event. The reason being, in a betting exchange, the punters are betting against each other, rather than with a bookie. The exchange is just a platform that brings the bookies together and charges a commission on the winnings, which is about 1% for 1xbet.

A sportsbook pays out of its pocket and often gives out conservative odds to limit its losses. Also, the markets for 1.01 bets are pretty less, as they have a high chance of losing the bets.

On the contrary, on an exchange, you can find a huge range of bets and a wide variety of odds for these bets.

Another advantage of using a cricket exchange is for placing an each-way bet. Sportsbooks only allow you to play `backยด bets. You can place an opposite `layยด bet on an exchange for the same event and score a win no matter what the outcome is.

How do I bet on a cricket exchange app? Now that you know, you should be aware of one of its shortcomings as well. A drawback of using an exchange is that you lose out on features like cash out, and the sports like esports and virtual sports are usually missing.

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