India Betting Exchange Sites

Nowadays, the competition among online betting sites in India is led by Exchanges, and it does not look like it will change in the near future. Truthfully, many old boys in the sector deem Exchange Betting as the Renaissance of the online gambling market.

In this comprehensive review regarding the concept of betting Exchange in India, we will turn our spots to the Indian Gambling market and try our best to locate promising betting Exchange sites. Moreover, our readers will also uncover the essentials of betting exchange sites and how they actually function.

Betting Exchange Overview

Undoubtedly, betting Exchange in India is not a surprise for those of you monitoring every single trend in the gambling market worldwide. But if you are a few steps behind or have no time to inspect the latest news, this article will introduce this fantastic game-changer path to bet on sports.

To illustrate what Exchange betting is, we better start with how odds perform first-hand. Only then can we comprehend the standpoint behind it.

In the traditional way of sports betting that we used to wager on, the odds are determined by the platform considering a myriad of metrics. But the question is hidden under the name of “determined”. Who creates the sports betting odds? Why do odds differ from one sportsbook to another? And most of all, why do we need a higher authority to point out the percentages to us?

A sport odd is the possibility of a game result, whilst a compiler (aka odds trader) is the one in sportsbook engineering the percentages for sporting outcomes for bettors to wager on. For instance, if there is a 50% chance for one of the teams in the match, the odds are listed as 1.50 (or 3/2 in fractional terms).

Here, in any online betting site, you place this bet against the site. In other words, the platforms decide all; however, betting exchange sites in India change the game rules. Now you are the captain at the helm!

Online Sportsbooks vs Betting Exchanges

This mindset twist freeing the bettor from being limited with a bunch of pre-decided odds is not only avant-garde but also pretty attractive for punters looking for a new path instead of the old humpy system.

You may think the options will be few since we learned that even the live betting sections are already tightened compared to the main pre-play games. But no worries! Indeed, most famous Exchange betting platforms such as Indibet Exchange and 24 Betting Exchange index almost all sports events identical with other units.

Furthermore, these playgrounds are not confined by pre-play games. Exchange betting users can shape the odds or bet against another bettor in ongoing games as well. This is a remarkable plus which will enhance the excitement incredibly.

What Does Betting Exchange Offer?

In contrast to known sports betting approaches dominated by bookies, the Exchange section will deliver you the chance to decide on the odds. Being the principal odd trader to decide on margins is a life savior for bettors who believe the sportsbook odds are dull. Since you are the one deciding now, you can elevate them to win more.

Although many Sports Exchange sites may regulate the scale amid limits, in most cases, Exchange betting odds bring sharper odds than any bookmaker-based ones. The answer to “What does Exchange Betting offer?” can simply be “decentralization”. Owing to shaping the odds and adjusting them accordingly, these grounds give power to the punters to place braver bets.

Betting Exchange Site Pros

Better odds as opposed to standard online betting sites

Chance to lay bets to wager on an outcome that will not occur

Opportunity to win more after the recent changes in Live Games

No bans for successful bettors

Betting Exchange Site Cons

Excluding some of the sports like Darts, Winter Sports, or Greyhound Races

Few bonuses for Exchange section

Limited betting exchange sites

Slippery ground for game fixing

Betting Exchange Sites Betting Possibilities

You may wonder which sports branches you can place a bet in an Exchange betting. The good news is it is possible to locate every single sport here; however, due to the liquidity principles of the online betting market, some titles are missing on certain sites.

Moreover, the betting options are not lined only by pre-play games. The bettors can create odds for Live Betting when they desire to double up the fun for themselves and other bettors who enjoy more competitive rates.

What Makes a Betting Exchange Site?

It is a small mistake to assume that betting exchanges are separate from sportsbooks. Actually, they are generally a section of an online gambling site. At least for now!

On the other hand, it is also possible to discover some venues emphasize betting exchange more than others. They not only host a massive selection for Exchange lovers but also design their mobile versions to function as an Exchange betting app. We will talk about them later on.

Now, the big question is how to choose a Betting Exchange in India because there are many alternatives in one of the world’s most populated countries. It may get pretty challenging to find a suitable platform meeting your needs. One which will not disappoint you!

For this reason, we have indexed some of the essential criteria you need to consider before stepping into an Exchange Betting as well as choosing any online betting site.

Betting Bonuses

Undoubtedly, we all love bonuses, whether a welcome bonus or a reload bonus. Who can say no to some extra cash at the end of the day? Right? It is also the same for Exchange bets.

Most Exchange betting enthusiasts prefer to take a quick look at the promotions. Just like on multiple playgrounds, Sports Exchange bonuses vary from signup offers to cashbacks.

Yes! In order to gather new bettors, many online gambling sites utilize promotions. Thus, it is common to see 1st deposit bonuses, Free Bets, No-Deposit bonuses, or reload bonuses in sportsbooks with the Exchange option.

The key here is to choose the offer that is easily eligible for. Why commit to a reward with 50X turnover when it is almost impossible to get it? Or is it wise to claim a welcome bonus excluding Exchange, although all the reason you register is betting on Exchange?

Betting Variety

To be in a venue focusing on your favourite sports has always been a blessing. As aforementioned, you can shape or participate in hundreds of pre-play and ongoing games in Exchange Betting. Most of the platforms that we list as “best Betting Exchange in India” on our website provide a pass to these sports below:

Furthermore, some platforms may also let you arrange odds in Blackjack, HI/LO, Texas Hold ’em Poker, Card Derby Racing, Baccarat, and Omaha HI in “Play Turbo” and “Play Standard” if they also possess an online casino in their structure.

Availability on Mobile Devices

We all know the importance of mobile applications in online gambling. Exchanges are no exception. Every single platform listing Exchange betting will give space to this trendy title in its application.

To bet on sports events with bettor-made odds is precisely like betting on any sport, whereas these state-of-art programs are often compatible with both Android and iOS operating systems.

Not all Exchange Betting apps come as an all-in-one box. Some companies choose to separate their application for particular sections. For instance, you need to download one for Sportsbook, one for Exchange, and one for Casino.

If you are only looking for a Cricket Exchange betting app, you can install the one that works for you. Plus, in this situation, it can be advantageous to have a particular application not to fulfil your device’s CPU for useless sections.

Diverse Payment Methods

A platform with various deposit and withdrawal methods eases your payments and elevates the betting experience. Today, most betting exchange sites provide Debit/Credit Cards, Bank Transfers, Digital Wallets, and Crypto Wallets. Rechecking your payment options before creating an account can be wise to determine if you will have issues with deposits and cashouts.

Another noteworthy criterion for choosing an Exchange betting site is its provided fiat currencies. The company should have Indian Rupees in its list; otherwise, you will pay extra fees for transfers and convert the money to load in and out. You can also utilise cryptocurrencies if you are a crypto holder. In this way, you will also shield your anonymity.

Utilising Betting Exchange Sites

In fundamentals, there is no difference between Exchange betting and other betting fields. The game-changer here are odds. The scenario takes a twist if you are the maker here, complying with the odds according to your interest. In this part of our article, we will focus on the steps to use an Exchange betting venue.

Registering to a Betting Exchange

1. First of all, go to the official website and tap on “Sign Up” or “Join,
2. Now” on the right-hand side,
3. A registration window will pop up.
4. In most cases, the registration mandates a Username, Password,
5. Confirm Password, Promotion Code, Email, Phone Number, Verification Code, and Currency,
6. Some platforms may ask for verification through OTP (One Time Password). When you enter the password into the Verification Code, your number will be approved.
7. Once you double-check that you have filled out the blanks correctly, you can click “Confirm” or “Register” to conclude the registration process.
8. Afterwards, a confirmation email will reach your registered email address. Clicking the link in the email will direct you to the official page to log in via your email address and password.
9. Now, you can navigate to start in the Exchange Betting section instantly.

Depositing Money at Betting Exchange Sites

Just like all sports betting options, you need to load real money into your account to earn some. Exchange betting deposit options may remarkably vary from one bookmaker to another. For the Indian gambling market, you may come across “Only Bank Transfer” in one while you can struggle to choose amid tens of alternatives in the other.

Here we have listed the most used loading methods for our readers:

Debit/Credit Cards (Visa, Mastercard)

E-wallets (Skrill, Jeton Wallet, AstroPay, Neteller, ecoPayz)

MuchBetter

Net Banking

CashtoCode eVoucher

UPI

Cryptocurrency (BTC, BCH, LTC, ETH ERC20, XRP, USDT ERC20, USDC ERC20, DAI)

Choosing a Betting Exchange Bonus

Exchanges require high liquidity, and these amounts can be a problem for companies. Thus, they generally prefer to exclude the betting exchange section when they deliver the Terms & Conditions for bonuses.

So, unfortunately, it is like facing a unicorn to locate an betting exchange bonus. Yet, some platforms announce No-Deposit Bonuses or occasional promotions to introduce themselves to the market.

On the flip side, if you are sports betting goer and already betting in traditional sportsbooks, you can choose a tasty signup offer or reload bonus to benefit from other sections rather than Exchange betting. Take the chance to grab a good promo when you see one!

Betting on Markets at a Betting Exchange Site

Betting exchange sites do not limit your betting markets either. You can bet on almost every possible market, including Winner Market, Coin Toss Winner, Anytime Goalscorer, Player of the match, Top team bowler, Most Sixes, Correct Score, Accumulators, Over/under total catches in innings, Over/under total runs in innings, Top team batter, and many more.

Always remember that this variety may differ from one to another. So, you better check the available markets for certain sports branches to be sure.

Placing Bets on Betting Exchange Sites

Since we know how Exchanges work, we understand the most significant difference between Exchange betting and traditional sports betting. Now it is time to add some extra information so you can list the best outcome or wager on the odds expected to lose.

In order to state it better, we can give an example. The subject is a Cricket match between India and Bangladesh. You feel in your heart that the Indian National Team will be the winner. Here you have two options; Back Betting or Lay Betting. In other words, instead of betting on the Indian team to win, you can lay a bet on Bangladesh to lose the game.

Do you need clarification? No worries! It is much easier than it rings. Let’s take a closer look at three main titles: Back Betting, Lay Betting, and Live Betting. We have described these most typically used Exchange terms briefly to clear the clouds:

Back Betting

Thoroughly, Back Betting refers to betting on the winner for the outcome of a game. Do you believe that the Indian National Cricket Team will grab the victory? Create or join a bet to back your favourite team to profit only if your team overthrows Bangladesh.

Lay Betting

In Lay Betting, the bettor places a bet on a result which will not happen and takes the role of the odd trader in a sportsbook. To assemble a Lay Betting, you wager on Bangladesh negatively, so when India defeats Bangladesh in the game, or the match ends in a draw, you will seize your money with some extra.

In-Play Betting

This is straightforward to comprehend. In a nutshell, this Exchange betting option allows you to bet on the outcomes of a match in progress. As we already know, Live Betting spices up the excitement and provides even sharper odds compared to pre-play. So, setting an Exchange betting on Live Betting with more attractive odds can hit the winnings to the roof.

FAQs