Best Betting Exchange Sites in India 2024

A betting exchange site is a way of enjoying sports betting where players do not play against the betting site but they bet against players. It is an enjoyable experience where the odds change often. However, betting exchange are not as easy as standard betting.

Unlike a conventional sportsbook, betting sites don’t make much money upon your losing bets. Instead, they earn commissions by facilitating bets between players. This model offers a fair and transparent winning opportunity to all players with no limits.

Finding a top-rated bet in exchange site is not a rigorous task anymore. This page covers a plethora of betting exchange sites that offer all that you may need for an exciting experience. Playing at one of the best cricket exchange sites can guarantee lucrative promotions, low wagering requirements, and rewarding cricket betting markets. 

Before you begin playing at any betting exchange, it would be best to understand more about the Betting exchange.

Best Betting Exchange Sites 2024

Top 5 Betting Exchange Sites Reviewed and Recommended by Our Expert

Fun88

Fun88 is one of the oldest exchange betting sites in the country and it continues to be one of the most popular. The betting exchange available on Fun88 is operated by Betfair, which means that it offers the original Betfair betting exchange experience.

Fun88 has a fantastic mobile website and app, which means that players can access the betting exchange services directly from their mobile devices.

Pros of Fun88

• Popular betting site for sports
• User-friendly interface
• Betting exchange app is also available
• Huge welcome bonus for all players

Dafabet

The Dafabet betting exchange is one of the most popular betting exchange websites in the country. It has a beautiful interface and many other features to draw users in.

Dafabet offers a good betting exchange with live statistics and live streaming features. The Dafabet website is optimized for mobile devices, and the app is available for both Android and iOS devices.

Pros of Dafabet

• Mobile-friendly betting exchange experience
• Live stats and live streaming options are available
• Has easy wagering requirement

Crickex

Like Fun88, Crickex also has a Betfair-powered betting exchange. Crickex offers a wide range of betting options, from traditional sportsbooks to casino sections with a variety of games.

As one of India’s newest betting exchange sites, it’s no surprise that Crickex remains one of the top recommendations for users looking for a betting exchange.

Pros of Crickex

• Features a great betting exchange powered by Betfair
• Free live streaming options on the exchange
• Multimarket betting, parlay betting, etc available

Indibet

This operator is licensed by Curacao and its layout is very attractive. It is mainly focused on cricket betting. Live streaming is available, but it is only for cricket. One of the best things about this operator is its promotions for both new and old players. There is a welcome bonus, deposit bonus, and casino bonus.

In addition to lay bets, this operator has a good betting platform which includes accumulators, parlays, etc. Also, Indibet’s commissions are dynamic. For some trades, the operator doesn’t charge any commission. The exchange has good odds and high payout rate. It has a simple registration process and offers many UPI payment modes among others.

Pros of Indibet

• Focused on sports betting
• Crypto-friendly casino
• Plenty ongoing promotional offers

Ekbet

EKbet is one of the most renowned bookmakers in the world, and it’s easy to see why. With EKbet’s betting exchange feature, you’ll be able to play as a bookmaker and set your own odds.

You’ll also be able to trade your bets with fellow bettors, giving you more control over your betting experience and potentially higher profits. There’s no limit to what you can bet on with EKbet. Whether you’re a beginner or an experienced bettor, there’s always something new and exciting to try!

Pros of Ekbet

• One of the leading sports betting sites.
• Has great range of cricket betting events.
• Indian specific betting platform.

How Does a Betting Exchange Work?

A betting exchange is an online betting site where the exchange of bets takes place. Unlike traditional bookmakers, gamblers do not bet against a bookmaker but rather bet against each other.

In a betting exchange, gamblers set their own odds, which is known as ‘back betting’ or ‘lay betting’. Types of Betting Exchange include:

• Backing a bet: This means you bet on the event to occur.
• Laying a bet: This means that you bet on the event not to occur.

Why to Use an Online Betting Exchange?

In this section we will look into the advantages of using a online betting exchange, and we will also discuss about the disadvantages of the same:

Advantages

Better Odds: Online betting exchanges offer better odds to punters than sportsbooks. That’s because betting exchanges don’t need to include a profit margin in their odds.

More Flexibility: Online betting exchanges offer more options to punters, as they have the freedom to set their own odds and choose against whom to place their bets.

Disadvantages

Low Frequency of Bet Matching: Punters don’t always get their wagers matched, but it’s more likely to happen when they’re betting on smaller events, or on sports that aren’t as popular. It’s less likely to happen when you’re betting in a popular market.

Relative Absence of Bonuses: Most bonuses and rewards are offered on sportsbooks rather than betting exchanges. Some betting exchanges do offer bonuses, but they are usually not as lucrative as those offered on sportsbooks.

How to Place a Bet on a Betting Exchange Site?

You can check out the list featuring the best cricket exchange sites in India to make a comprehensive decision on which site to use. If you are new to a betting exchange, here’s how to go about it. 

Join a top-rated betting exchange

Once you have decided that a betting exchange suits your betting preferences, the next step would be to open an account with the site.

The registration process might differ from site to site but it generally asks for personal information which is followed by your contact details, username, and password.

Make sure to share authentic details as your identity will be confirmed at a later stage. 

Depositing money at a betting exchange site

Depositing money at a betting exchange is no longer challenging for Indian players; thanks to the myriad of safe and secure payment methods such as UPI, Bank Transfer, PhonePe, Paytm, and many other reliable transaction methods. 

If you are looking for convenient payment methods at an exchange betting site, you can be assured that all betting exchanges open to Indian players accept UPI payments that make the process of both deposit and withdrawal easy and swift. Some of the betting exchange sites accept cryptocurrency as well.

Claiming your Welcome Bonus at a betting exchange 

All betting exchanges listed on our site offer some other form of bonus. Every new player can collect his/her welcome bonus as it is awarded after the initial deposit is made at the betting exchange. Once you’ve made up your mind to stake on your favorite sport through a betting exchange, you can look forward to more lucrative betting opportunities.

What are the Types of Bets at a Betting Exchange?

You can choose from a variety of bets available at the betting exchange. From a straightforward bet to ones that call for slightly higher risks, you can select a bet that befits your preference. 

Back/Win Bet

A back bet is a traditional sports bet where you place a bet in exchange for an outcome to happen. Suppose you place a bet on Liverpool winning the match against Manchester United, you will win the bet only if Liverpool defeats Manchester United.

If you are looking for a simple and upfront bet type, the win bet can make a good choice. Also, offered by all sports betting sites, the win bet offers opportunities to land higher odds with this type of bet.

A straightforward bet type, it allows players to put money on a specific selection and expect a return from the bet. For instance, if you are betting on one of the top-rated cricket tournaments such as The Ashes through one of the best cricket betting exchanges, you are likely to back either Australia or England to win the trophy. 

Lay Bet 

Unlike a bookmaker that only allows you to place winning bets, an exchange betting niche opens lay bet options to its players.

With lay bets, you have the option to back a specific outcome of a certain match that is not likely to happen. This allows you to essentially take on the role of a bookmaker.

Riskier than a winning bet, a ley bet requires players to wager against the interest of their fellow bettors. Just in case, a player doesn’t get it right, the scope of losing is more, especially if the outcome that the player chooses to bet against works out.

A player is often advised to use a lay bet calculator to avoid such problems. This can help you calculate the risk and make relatively accurate bets when playing at a betting exchange. 

In-Play Betting

As the name implies, in-play bets are made in real-time after the game’s commencement. Also known as live betting, it is usually done in more popular sports which are televised all over the world such as horse racing, football, and cricket.

In-play betting allows you to assess the match situation before staking your money as the odds may change depending on the circumstances of the game. The nature of in-play betting is that it allows betting while taking advantage of its volatility.

Arbitrage Betting

This is a game tactic where players make simultaneous bets on all possible outcomes of an event which guarantees a profit no matter the outcome. For example, you can bet on Real Madrid winning and Real Madrid Losing.

Let’s say the Dodgers open +110 and you bet ₹1000 on them, then heavy action moves the Dodgers to -115 and the Angels to +105. You can now bet on the Angels at +105 and guarantee either a ₹50 or ₹100 profit no matter who wins.

Tips And Tricks for Placing a Bet at a Betting Exchange Site

Whether you are a beginner trying your hands at a betting site for the first time or you have played at the best cricket betting exchange before, it is best to have a strategy in place.

Here are a few tips that can come in handy when betting at exchange betting sites.

• Make sure that you compare the value of your bet with that of the back bet with a bookmaker before playing matched betting. This can prevent loss by minimizing discrepancies. 

• Fixed odds may not be rewarding. Hence, it would be wise to ensure that you take your time to ensure that you get the optimum value from the odds when placing your bets on exchange betting sites.

• For players who want to place lay bets, it would be best to use a bet calculator before placing bets as this will prevent the player from losing more money in the future. 

• As experts advise, you can check different betting exchanges to compare the commission rates charged by them or find out the bonus and promo offers for more profitable play. The rate of commission is inversely proportional to the profit you make. So, the more the commission the lesser your profit margin, and vice versa. Some betting exchanges also employ skilled tipsters for additional convenience. 

• Betting at the best cricket betting exchange providers can give you more options including in-play and live-to-bet. Live betting opens opportunities where you can wager on updated odds. These odds are vulnerable and the changes depend much on the action of the particular chosen event. However, it’s not just exciting but also brings more opportunities with real-time action in play as it works as an authentic indicator of the actual action unfolding in the market. 

An advantage of playing at the best in-play betting sites is that you can both hedge a stake as well as withdraw your profits early to close a bet if you think that things aren’t working out in your favor. 

Deposit Methods at Betting Exchanges In India 

Shortlisting one of the best international cricket betting sites in India comes with advantages. Most sites accept payments via all popular payment methods.

From paying with your Visa and MasterCard to making a deposit with e-wallets such as Google Pay or choosing Online Bank Transfer, top betting exchange providers ensure a score of payment options for the player’s convenience.

You can even use Cryptocurrencies to start betting at many betting exchanges. Here are the steps involved in the deposit process:

• Head to the official website of the Betting Exchange.

• Sign up for a new account or log in to an existing one.

• Click on the Deposit button.

• Select your preferred payment method

• Enter the amount of the deposit.

• Fill in the payment details

• Complete the transaction.

• The amount will be reflected soon in your wallet.

Betting Exchange Sites vs. Regular Online Sportsbooks

What sets a sportsbook apart from a betting exchange is the way in which they work and where their odds come from.

Sportsbooks are the most traditional type of bookmaker setup. A sportsbook is a place where bets are placed with a betting company. The odds are set by the betting company based on the company’s forecasts and analysis of game results. If you place a bet with a sportsbook, the betting company will pay you out of their pocket if you win.

A betting exchange works in a similar way to a marketplace. It links gamblers directly to each other and allows them to wager against each other. Instead of betting on the house’s odds, gamblers can set their own odds or accept odds offered by other gamblers. This means gamblers can even act as bookmakers. The betting exchange earns a small commission on the winning bet.

More variety and promotions are available at sportsbooks, but the odds may not be as good as they are on a betting exchange, especially if you’re betting against popular opinion. On the other hand, you may find better odds on an exchange.

Conclusion

Betting exchanges provide an opportunity for anyone looking to make money by betting. However, that being said, betting exchanges are not suitable for everyone. A player should first learn about them properly and then try their hands at them.

We have covered everything you need to know about betting exchanges in India. They are a godsend for anyone looking to take the sports betting world by storm. So, go ahead and have fun!

FAQs

Q1. What are the best betting exchanges in India?

Ans- There are several betting exchanges where Indian players can enjoy sports betting. Among some of the top-notch betting exchanges listed are 24betting, Mostbet, Fun88, and 1xBet. 

Q2. Are betting exchanges accessible on mobile phones?

Ans- Indian betting exchanges offer a range of sports that you can bet on. Cricket is one of the most popular sports in India and is available at most sports betting exchanges. From football betting to kabaddi, tennis and betting in hockey, there are myriad sports to choose from. 

Q3. How often can I win real money at betting exchanges in India?

Ans- Playing at betting exchanges with real money can bring you real cash wins. The better odds offer higher winning opportunities, making betting exchanges a better place to bet and winning sizeable returns compared to traditional online bookies. 

Q4. Do I need to pay taxes on my winnings from betting at an exchange betting site?

Ans- Yes, you will have to pay taxes on your winnings from betting at an exchange betting site. In India, the winnings from betting are treated as income from other sources which is taxable. Note, that there is no minimum limit of exemption in this category. 

Q5. Which sports are available for betting in India?

Ans- Indian betting exchanges offer a range of sports that you can bet on. Cricket is one of the most popular sports in India and is available at most sports betting exchanges. From football betting to kabaddi, tennis, and betting in hockey, there are myriad sports to choose from.