Top Betting Exchange Sites and Apps in India
Betting exchange sites are not like conventional sportsbooks. They allow punters to bet against each other and not instead of the bookmaker itself. Considering the increasing popularity of cricket betting in India, many global platforms have made themselves available to Indian punters, letting them bet on various cricket matches and tournaments and win big.
What is a Betting Exchange Site?
A cricket betting exchange site allows you to ‘lay’ a bet. It means you can bet on the outcome not to happen. With new exchange sites for cricket betting in the country, one punter backs a bet, while the other lays. The former refers to the conventional wager where you bet on an outcome to happen, while the latter is the situation where you bet against a result. To have their bet to be valid, the punters must agree on stake, betting market, and odds. Therefore, a betting exchange site offers everything you need to proceed with this arrangement.
Unlike a traditional betting site, betting exchanges do not benefit you from losing. On the contrary, they charge a nominal commission on your winnings. Hence, the more you bet and win, the more profit they make.
What are the Different Types of Bets at Betting Exchange Sites?
Here are the different types of bets you can place at betting exchange sites.
Win is the most straightforward type of bet offered by all sports betting sites. The science is straightforward. If you are betting on the top cricket tournaments of the world, a win bet is simply when you back a team to win the match. You put your money on a specific outcome and hope the match results to be in your favor. There is always a possibility of landing higher odds with this bet.
Lay is what differentiates a regular bookmaker from a betting exchange. While the former only allows you to place a win wager, lay bets are an option in the latter. You can bet on a particular outcome of a match not to happen. Here, you take on the bookmaker’s role. This type of bet falls on a riskier side as it requires you to wager against the interest of fellow punters. But if you win, you win.
That said, there is much to lose if you do not get the right lay bets. It is always advised to use a lay bet calculator before placing one of these with a betting exchange.
What are the Best Betting Exchange Platforms in India?
Indian punters will have the time of their lives playing bets on these betting exchange platforms. We have reviewed the top six in the business. Here’s everything about them.
Matchbook is one of the best Betfair alternatives in India, available for Indian bettors and suitable specifically for casual bettors. The market coverage of this platform is decent, and it also offers an app for Android and iOS devices so that you can navigate it anywhere on the go.
Licensed by Alderney Gambling Control Commission, Matchbook is an impressive betting platform with numerous sports. It offers good liquidity to the bettors and has availability in multiple languages. However, there are drawbacks too. This platform doesn’t entertain transactions in Indian currency. Thus, expect some conversion charges to be involved. Nevertheless, the straightforward UI of this site makes it a go-to for beginners and veterans.
Crickex is licensed by Curacao. It is a new betting platform in the industry but has built a good reputation for itself. Cricket betting here is designed primarily for Indian and Bangladeshi punters. Thus, you can enjoy lucrative returns and winnings. All you need is a good knowledge of how cricket betting works.
Crickex offers a comprehensive sportsbook with a focus on cricket, tennis, and football – cricket being the most popular of all. It also has an interactive live betting platform and cricket live-streaming so that you can live-stream the match while placing your bet. The prompt customer support helps you with queries – big or small. Everything about this platform is impressive, but the quality of bonuses and promotions. There is a scope for improvement on this front.
Fun88 accepts Indian punters. All you need to do is to register with this platform. Licensed by the Philippine Amusement and Gaming Corporation, Fun88 offers a safe cricket betting platform for all. It was first introduced in India in 2021, and within a short span, it created a huge client base in the country. The betting exchange entertains a robust back-end infrastructure and has enough to serve the regular betting exchange requirements.
That said, the platform needs to work on its UI and features to retain experienced bettors. Overall, Fun88 offers a decent range of sports betting options, lucrative cricket betting promotions, and offers. It also accepts multiple payment options, including GPay, UPI, and Netbanking, but has high wagering requirements, restricting many from signing up.
Dafabet is one of the well-known betting exchange platforms in India. It is licensed by Curacao and has done a great job in making itself a site that meets the requirements of regular and occasional bettors. Dafabet has many offerings for the players, making the platform a rewarding experience when a bettor places back and lay bets. The app is accessible from Android and iOS devices with a straightforward layout, making it easy to navigate.
Dafabet offers good liquidity to all. It also has a live-streaming and stats section and accepts multiple India-specific payment options. The prompt customer support is happy to help with any query – you name it. The only challenging aspect of this platform is its shortage of India-specific withdrawal methods.
Parimatch is one of the recent entrants in the betting exchange world. It takes a middle-ground, neither disappointing the bettors nor pleasing them beyond their expectations, hence a decent platform to try your hands on. Licensed by the Kahnawake Gaming Commission, Parimatch entertains sports betting of football, tennis, and cricket – cricket being the most popular.
You can live stream select cricket matches under the ‘Live TV’ feature and make the most of the quick banking options when transferring your money into the exchange account. This new-age betting exchange site is worth checking out if others don’t fulfill your requirements. It offers decent liquidity, prompt customer support, easy payment options commonly used in India, and competitive odds on the exchange. The limitations include limited scope that might not suit advanced bettors, unavailability of betting exchange on the app, and limited variety of cricket betting exchange markets.
Indibet is another Curacao-based betting exchange site that has hit the bullseye when offering an extensive range of sporting events on its betting exchange. Besides cricket, it covers basketball, football, kabaddi, and even e-sports, offering an added advantage to the bettors. The most impressive feature of this betting exchange site is its diverse payment options. The platform also has good liquidity on offer with a low minimum deposit. It hosts betting exchanges in multiple languages.
While there are many plus points of this betting exchange, there are drawbacks too. The shortage of sports betting promotions and offers is one of them. Indibet also lacks India-specific withdrawal options and has a high minimum withdrawal limit. That said, it is a good betting exchange platform to get your hands on – regardless of your betting experience.
How to Use Betting Exchange Sites?
We have described the best betting exchange sites in India. But how do you use these betting exchange platforms? Fret not if you are a beginner, we have got you covered. Follow the instructions listed below.
- Start by signing up on the betting exchange platform of your choice. Register an account by submitting your necessary information, such as name, address, identity proof, date of birth, and more.
- Once you are done providing the relevant information, fund your betting account by choosing any betting payment methods the site has to offer.
- Some sites will give you a welcome bonus upon joining. You can use it to your benefit. Some platforms offer the most high-value welcome bonuses and free bets. They are made available only when you make your first deposit.
What are the Different Payment Options Available at Betting Exchange Sites?
While the exact range of deposit options may vary from one site to another, here are some sought-after payment methods that many betting exchange sites have for the players.
- Google Pay
- Visa/Mastercard, etc.
When it comes to payment options for withdrawals, the same method as deposits is used. But if you cannot see the deposit method as an option in the withdrawal list, we recommend using NetBanking. Even though it is slow in processing time, NetBanking is available across all betting sites in India, making it the most dependable payment method for all.
Tips to Derive Benefits from Betting Exchange Sites
- Do not expect lucrative bonuses and promos as regular betting sites.
- Check the commission percentage charged by betting exchange sites before selecting.
- Bet on the most straightforward markets.
- Always play your bets on a licensed betting exchange platform.