Online Betting Exchange Sites In India
Gone are the days when old-school bookmakers ruled. Now, we have something called betting exchanges, and they’re really shaking things up in the world of online betting. Betting exchanges were created with a cool idea — to put you, the bettor, in the driver’s seat. Instead of just taking whatever odds the bookies give out, you now get to call the shots.
You might be thinking, «What are betting exchanges, and why should I use them?» Good questions. And we’ve got the answers. Here at Casinoasia88, we’re going to break down everything you need to know about betting exchanges. Plus, we’re going to show you the top betting exchanges you can find in India.
So, are you ready to get started? Let’s jump right in!
Best Betting Exchange Sites In India
123 users
100 INR
Rs. 50000 per transaction
0-45 MIN
PAYMENT OPTIONS FOR INDIA
BANK DEPOSITS, UPI, IMPS, PHONEPE, PAYTM, GPAY, RUPEE-O, IPAY, USDT
LANGUAGES: ENGLISH, HINDI, BENGALI
- Brand Ambassador Robin Uthappa & Srabanti Chatterjee
- Birthday Bonus
- Interesting bonuses and promotions
- Upto 5% Slot Cashback
- Lots of live table games from top providers
- Simple and clean website design
74 users
FUN88 INDIA
₹1000 Free Bets on Fun88 Sports with 1st Deposit!
100 INR
NO LIMIT
0-20 MIN
PAYMENT OPTIONS FOR INDIA
BANK DEPOSITS, UPI, PHONEPE, PAYTM, IMPS, GPAY, AIRTEL PAYMENT BANKS, QUICK TRANSFER, USDT
LANGUAGES: ENGLISH
- Official shirt sponsor of Newcastle United
- Rewarding monthly lottery draws
- Lots of welcome bonuses
- Interesting bonuses and promotions
- Simple and clean website design
- Very high withdrawal limits
- Players from Thailand can claim bonuses at Fun88
- Legit gambling license
43 users
100 INR
NO LIMIT
0-20 MIN
PAYMENT OPTIONS FOR INDIA
BANK DEPOSITS, UPI, PHONEPE, PAYTM, IMPS, GPAY, AIRTEL PAYMENT BANKS, QUICK TRANSFER, USDT
LANGUAGES: ENGLISH
- Professional Support
- Rewarding monthly lottery draws
- Lots of welcome bonuses
- Interesting bonuses and promotions
- Simple and clean website design
- Very high withdrawal limits
- Players from India can claim bonuses
- Legit gambling license
36 users
100 INR
NO LIMIT
0-20 MIN
PAYMENT OPTIONS FOR INDIA
BANK TRANSFER, UPI, PAYTM, PHONEPE, BITCOIN (BTC),TETHER (USDT), ETHER (ETH)
LANGUAGES: ENGLISH, HINDI, BENGALI CHINESE, THAI, MALAY, VIENTMAESE, BHASA INDO, KHMER
- JOE COLE NOVA88 Brand Ambassador 2022/23
- Reload bonus available with every deposit
- Exclusive VIP gifts and rewards
- Top selection of Live Casino
- Online Keno and Thai Lottery
- Accepts players from Thailand
- Huge selection of games
35 users
100 INR
NO LIMIT
0-20 MIN
PAYMENT OPTIONS FOR INDIA
LOCAL BANK TRANSFERS, UPI, PAYTM, PHONEPE, ASTROPAY, STICPAY, USDT
LANGUAGES: ENGLISH, THAI, MALAY, CHINESE, VIENTMAESE, BHASA INDO, JAPANESE, KOREAN
- AC Milan Official Casino Partner
- Variety of Sports Betting and Online Casino
- Dedicated VIP concierge
- Instant Rebate on Live Casino
- Weekly Rebates
- Accepts players from Thailand
- E-sports Betting available
28 users
250 INR
50000 INR per transcation
0-45 MIN
PAYMENT OPTIONS FOR INDIA
BANK TRANSFERS, ONLINE BANKING, UPI, PAYTM, GPAY, PHONEPE, BHIM, AMAZONPAY, MOBIKWIK, JIO UPI, WHATSAPP PAY, FREECHARGE, JIO MONEY, OLA MONEY, RELIANCE JIO, AIRTEL WALLET, NEFT, NETELLER, USDT, BTC, ETH, SOL, BNB +20
LANGUAGES: ENGLISH,HINDI, BENGALI, TAMIL, URDU, TAGALOG CHINESE, THAI, MALAY, VIENTMAESE, BHASA INDO, KHMER, , JAPANESE, KOREAN, +20
- Live sports streaming
- Over 1000 daily sports events
- Large collection of Slot games
- Exclusive VIP gifts and rewards
- Thai and 30+ other languages
- Cashier supports many currencies
- Downloadable app for iOS & Android
- The most popular betting websites in the world
26 users
250 INR
50000 INR per transcation
0-45 MIN
PAYMENT OPTIONS FOR INDIA
BANK TRANSFER, AIRTELPAY, PAYTM, PHONEPE, UPI, GOOGLE PAY, BHIM UPI, WHATSAPP PAY, AMAZON PAY, MOBIKWIK, BHARATPE, JIO, FREECHARGE, BAJAJ FINSERV WALLET, ICICI POCKETS, BHIM AXIS PAY, CRED PAY, LIME, JETSON WALLET, WEBMONEY, PERFECT MONEY, STICPAY, AIRTM, SKRILL, ECOPAYZ, NETELLER, USDT, BTC, ETH, LTC +20
LANGUAGES: ENGLISH, URDU, TAGALOG, CHINESE, THAI, MALAY, VIENTMAESE, BHASA INDO, KHMER, JAPANESE, KOREAN, HINDI, BENGALI, TAMIL +20
- Live sports streaming
- Huge range of sports
- Great market coverage
- Regular Weekly Free Spins
- Multiple withdrawal methods payment modes are available.
- Welcome Bonus Free Spins
- Downloadable app for iOS & Android
23 users
250 INR
50000 INR per transcation
0-45 MIN
PAYMENT OPTIONS FOR INDIA
BANK TRANSFER, NETWALLET, ASTROPAY, CASH ON DELIVERY, JETSON WALLET, WEBMONEY, PERFECT MONEY, STICPAY, AIRTM, SKRILL, ECOPAYZ, NETELLER, USDT, BTC, ETH, LTC +20
LANGUAGES: ENGLISH, URDU, TAGALOG, CHINESE, THAI, MALAY, VIENTMAESE, BHASA INDO, KHMER, JAPANESE, KOREAN, HINDI, BENGALI, TAMIL +20
- Play games by over 120 providers
- Lottery is available
- Multiple currencies in one account
- Supports many payment methods
- Thai and 30+ other languages
- Supports lots of cryptocurrencies
- Downloadable app for iOS & Android
Understanding Betting Exchange
Are you wondering what a betting exchange is? Let’s clear it to you. Picture a place where bettors can meet to place bets on different results. The cool part? They set their own odds. The people running the betting exchange, like Satbet India, provide the space for this to happen. They make sure everything goes smoothly between the bettor who placed a bet (backed a bet) and the one who took that bet (laid the bet).
So, what’s in it for them? They take a small cut, around 2% to 5%, but only when you win a bet. If you lose, they don’t take anything.
Here’s an example to make it clear. Let’s say you want to bet on a cricket match between Afghanistan and Zimbabwe. You’re sure that Afghanistan will win, so you back them. But for your bet to be accepted, someone else on the platform has to disagree with you and lay Zimbabwe. In simple words, they bet that Afghanistan will lose.
That’s how betting exchanges work. It’s like a marketplace for bets, where you get to set your own odds.
How Betting Exchange Works
Let’s break down how exchange betting actually works, using our previous example. If you’re convinced that Afghanistan will beat Zimbabwe in a cricket match, you’re the one ‘backing’ the bet. Someone else, who believes that Zimbabwe will win, is ‘laying’ the bet. The neat part? You get to pick the odds you want to bet at, within reasonable limits, of course.
But how does this all come together? The credit goes to software used by betting exchange sites like Satbet and Fun88. This software quickly pairs up bets.
Here’s how it works. Once you’ve backed a bet, it pops up as an option in the match markets. Another bettor can then decide to ‘lay’ your bet if they believe that Afghanistan will lose. They accept the odds you set and match your bet.
Keep in mind that odds on betting exchanges are usually shown as decimals. So, instead of seeing fractional odds like 2/1, you’d see decimal odds like 3.00. If you bet ₹100 at these odds, you could get ₹300 back, including your original bet.
One more important thing: if you’re laying bets, you need to make sure you have enough money in your account to cover them. For example, let’s say you’re offering odds of 1.67 for Afghanistan to beat Zimbabwe. If another bettor backs this result with a ₹1,000 bet, you need to have at least ₹1,670 in your account to cover their winnings if they win their bet.
Choosing The Right Betting Exchange Sites In India
Confused about how to choose the best betting exchange site? It’s all about knowing what to look for. Here are some key things we think every good betting exchange should have:
- Official License: It’s vital that your betting site is licensed. This ensures everything is fair and above board.
- Variety of Options: A good site will offer a wide variety of sports and markets to bet on.
- Low Commission: Watch out for the commission they charge on winnings. Anything above 3% is a bit steep.
- Easy to Use: The site should be user-friendly with simple navigation.
- Favorable Banking Options: A range of banking methods that cater to Indian users is a big plus.
- Quick Cash-Outs: You should be able to withdraw your winnings quickly.
- Mobile Access: A mobile app that lets you access the betting exchange is super convenient.
Even if a site falls a little short on one or two of these points, it could still be a solid choice. But of course, we always prefer sites that tick all these boxes.
Let’s Join Us For The Best Betting Exchange
So, you’ve seen the top betting exchange sites in India, and now you’re ready to take action. But how exactly do you use these sites? Don’t worry, we’ve got you covered. Here’s a simple step-by-step guide:
Sign Up
The first thing you need to do is register an account with the betting exchange site you have chosen from our list of top betting exchange in India. You'll have to fill in some details to get started.
Add Funds
Next, you need to put some money in your betting account. Just pick one of the convenient payment methods offered by the site.
Grab Your Bonus
Now comes the fun part! The betting exchange sites we’ve recommended often offer great welcome bonuses or free bets. You can usually grab these bonuses when you sign up and make your first deposit. Thus, don’t forget to claim yours!
CRICKEX
Rated by
187 users
35% Daily Sports Reload ₹4,000 Bonus
SATBET
Rated by
187 users
Sports BONUS up to INR 10,000!
NOVA88
Rated by
187 users
10% Daily Sports
Reload Bonus
How To Use Betting Exchange Sites
You might be asking, «How do I use a betting exchange?» or «What’s the process for logging in and placing a bet?» Don’t worry if it all seems a bit confusing at first. The good news is that it’s not much different from using a regular sportsbook. Crickex betting exchange app is here to break down the process.
How to Log In to a Betting Exchange
Let’s suppose you’ve downloaded the Crickex Betting Exchange app and set up an account. Here’s what you do next:
- Open the app and tap on «Login.»
- Key in your username and password.
- Tap «Login» once more.
Placing a Bet: Step by Step
Now, getting into the fun part which is placing a bet. Here’s a simple guide on how to ‘back’ a bet on the exchange:
- Open the app or site and log in, then tap on «Exchange.»
- Tap on «Cricket» to pick an event you like (say, the IPL).
- Let’s say you want to bet on the overall IPL winner.
- You’ll see all the teams in the «Winner» category (teams that are out won’t be available to bet on).
- Choose your favorite to win and tap on the odds in the blue field.
- If you want, you can adjust the odds.
- Choose how much you want to bet and tap on «Place Bet» when you’re ready.
- Wait for another player to take your bet.
- Once that happens, all you need to do is wait for the IPL results to see if your team wins.
And what about ‘laying’ a bet? It’s almost the same as backing a bet until you get to the list of teams in the «Winner» category:
- This list shows all the backed bets.
- If you’re pretty sure a team (like Gujarat Titans, for instance) won’t win, you can ‘lay’ against them if someone else has backed them.
- To do this, tap on the odds in the red field and decide your stake.
- You’ll see how much you could lose if you’re wrong — this is how much money you need in your account.
- Once you’re happy with your choice, tap «Place Bet».
- If you don’t have enough money in your account, you’ll need to make a deposit.
- Then, all you have to do is wait for the IPL to finish.
Though the steps for backing or laying bets aren’t too tricky, understanding why you’re making these choices comes with time. If you’re new to betting exchanges, it’s a good idea to start with small. Keep your bets simple and stakes low while you’re learning it all. With enough time and experience, you can become a pro!
Benefits Of Using Betting Exchange Sites
Real Odds
One of the main perks of betting exchange sites like Satbet is the opportunity to play with real odds. These sites operate as free markets where the betting site itself doesn’t set the odds. This will free you from the tension of traditional betting sites where you have to keep hopping from one site to another to find the best odds.
What you’ll discover is that prices on betting exchanges often beat the highest odds offered by regular betting sites. This is because betting exchanges don’t have a ‘bookmaker margin.’
Wondering what a bookmaker margin is? It’s the adjustment of true odds into odds that ensure the betting site always turns a profit on a given bet. For instance, if Afghanistan is playing Zimbabwe, and the probability of an Afghanistan win is 60% (1.67 odds), and a Zimbabwe win is 40% (2.50 odds), these add up to the expected 100%.
However, a betting site would adjust the odds to always total more than 100%. For example, they might price an Afghanistan win at 70% (1.43 odds) and a Zimbabwe win at 50% (2.00 odds), leading to lower odds. The comparison below shows the difference between your real winnings with betting exchanges and your adjusted odds winnings with a bookmaker.
Real Odds (Betting Exchanges)
Afghanistan to win — ₹60 stakes at 1.67 odds — pays out ₹100
Zimbabwe to win — ₹40 stakes at 2.50 odds — pays out ₹100
Adjusted Odds (Bookmaker)
Afghanistan to win — ₹60 stakes at 1.43 odds — pays out ₹85
Zimbabwe to win — ₹40 stakes at 2.00 odds — pays out ₹80
On a betting exchange, you can back a bet for Afghanistan to win at 1.67 odds, and you’ll receive those exact odds as long as someone takes your bet.
You’ll only pay a small commission on your win as determined by the operator, which is still far lower than the bookmaker’s margin you’d deal with on a traditional sportsbook.
Trading: The Best Ever Advantage Of Betting Exchange
Trading in the world of betting exchanges resembles the role of an arbitrageur in traditional betting. That is, a punter who protects their bet by wagering on the opposite outcome to reduce losses or ensure a profit. Betting exchanges open up an opportunity for gamblers to trade on sporting events for a guaranteed profit.
Let’s illustrate this with an example. Suppose a trader places a bet of ₹100 on Royal Challengers Bangalore (RCB) to win the IPL at odds of 4.00. If the RCB’s chances of winning the IPL rise — say because the Sunrisers Hyderabad or the Mumbai Indians aren’t posing a serious challenge — their odds to win the IPL might drop to about 2.00.
In this scenario, a trader could switch from backing the RCB to win to laying a ₹200 bet against them at odds of 2.00. This way, the trader locks in a guaranteed profit of ₹100, no matter which team ends up winning the IPL.
Example of Trading
Let’s consider a situation where you back and then lay a bet on Royal Challengers Bangalore (RCB) in the IPL.
Step 1 — Backing RCB to Win the IPL
- Odds: 4.00
- Stake: ₹100
- Potential Win/Loss: ₹400
Step 2 — Laying RCB (i.e., Betting against RCB’s Win)
- Odds: 2.00
- Stake: ₹200
- Potential Win/Loss: -₹200
This strategy sets up a situation where you’re guaranteed a profit regardless of the IPL’s outcome:
Potential Outcome if RCB Wins the IPL
- Winnings from Backing RCB: ₹400
- Total Investment (Original Stake + Money Laid against RCB): ₹300
- Guaranteed Profit: ₹100
Potential Outcome if RCB Doesn’t Win the IPL
- Winnings from Laying RCB: ₹200
- Original Stake: ₹100
- Guaranteed Profit: ₹100
In conclusion, trading on betting exchanges requires experience and attentiveness. However, when done correctly, it can minimize your losses and ensure that you always walk away with a profit.
Smart Strategies For Betting Exchange
Want to boost your betting game? Here are some easy-to-follow tips straight from CasinoAsia88’s seasoned betting experts!
- Always Check the Odds: Even though betting exchanges usually have better odds than regular betting sites, it’s a good idea to look for the best ‘value odds.’ You can also watch how odds move on different sites to get a sense of the trend.
- Bet Smart: Spread your bet across different markets. This way, you could make a profit while keeping risks low. Yes, taking more risks could mean more returns, but if you’re in for the long haul, it’s important to manage your money wisely.
- Use the Cash Out Feature: Many exchanges, like Satbet, let you cash out your bet before the event is over. This option means you can pocket some earnings without risking too much.
- Give Matched Betting a Shot: A lot of online sportsbooks offer free bets as a way to attract users. You can use these free bets to your advantage with matched betting, a strategy to ensure a profit. Place a ‘back’ bet using the free bet on the sportsbook and a ‘lay’ bet on the same outcome on a betting exchange. With this strategy, you’ll make a profit, no matter the result.
CRICKEX
Rated by
187 users
35% Daily Sports Reload ₹4,000 Bonus
SATBET
Rated by
187 users
Sports BONUS up to INR 10,000!
NOVA88
Rated by
187 users
10% Daily Sports
Reload Bonus
FAQ.
A betting exchange is a marketplace for bets where users can set their own odds and trade bets with other users. The betting exchange provides the platform and takes a small commission on winnings.
On a betting exchange, users can ‘back’ a bet (bet on an outcome to happen) or ‘lay’ a bet (bet against an outcome to happen). The odds are set by the users, and the exchange pairs up matching ‘back’ and ‘lay’ bets.
Betting exchanges offer better odds because they don’t have a bookmaker margin. They also allow for trading strategies that can guarantee a profit and offer features like cash-out.
Trading on a betting exchange involves placing both ‘back’ and ‘lay’ bets on the same outcome at different odds to lock in a guaranteed profit, regardless of the result.
Matched betting is a strategy where you place a ‘back’ bet using a free bet from a sportsbook and a ‘lay’ bet on the same outcome on a betting exchange. This ensures a profit, no matter the result.
