Betting Exchange Explained

Recently, a new way to bet on sports has emerged, and it is gaining much popularity among Indian bettors and whole world players lately.

This has made many online betting sites in India to offer the betting exchange option.

Betting Exchange Sites Explained

In betting exchanges, players bet against other players and not against the house, so odds are driven by the demand for the result.

Online Sports Betting vs Betting Exchange Sites

Online sports betting is a process where wagers are placed on sports events with fixed odds. On the other hand, betting exchange sites are online platforms where gamblers bet on events against other bettors, and it gives the possibility of finding better odds.

Betting Exchange Sites in India offer:

Betting on popular sports like cricket and football.

A lot of betting markets.

The possibility of earning real money.

A competitive environment immersed in an enjoyable atmosphere.

Advantages

• Most of them offer welcome bonuses.
• They provide more betting exchange options, as well as in case of changing bets or odds.
• Thousands of people bet at the same time, which means that betting exchange sites usually provide higher odds than traditional betting sites.

Disadvantages

• Inexperienced players may have difficulties in understanding betting odds.
• Most betting exchange sites do not offer less popular sports.
• Difficulty in matching bets.
• Some of them are charging a commission.

Available Bets

Back Bet: A back bet is a traditional wager in which a bettor predicts that a certain outcome will occur. The bettor will “back” the selection, hoping that it will win.

Lay Bet: A lay bet is the opposite of a back bet. In a lay bet, the bettor predicts that a certain outcome will not occur. The bettor “lays” the selection, hoping that it will lose.

Match Betting: Match betting is a simple form of betting in which two selections are paired against each other. The bettor can back one selection or lay the other, depending on their prediction.

Over/Under Betting: Over/under betting involves predicting the total number of points, goals, or runs that will be scored in a particular event. The bettor can back the over or under, depending on their prediction.

Handicap Betting: Handicap betting involves giving one selection a virtual advantage (handicap) or disadvantage, with the aim of making the betting market more balanced. The bettor can back the selection with the handicap or lay the selection without the handicap, depending on their prediction.

Correct Score Betting: Correct score betting involves predicting the exact score of a particular event. This type of betting can offer large payouts, but it is also more difficult to predict accurately.

Half-Time/Full-Time Betting: Half-time/full-time betting involves predicting the score at half-time and full-time in a particular event. The bettor can back the selection for either half-time or full-time, or both, depending on their prediction.

Betting Exchange Site Features

Bonuses

Some betting exchange sites in India offer a good bonus for all new players, while others do not have any bonuses. We suggest checking whether there is a welcome bonus.

Betting Odds

Thousands of people place different bets on betting exchange sites in India at the same time so better odds are higher than on traditional sites.

Mobile Access

Sports and any other events can be accessed via mobile devices. Exchange betting apps are also available. For instance, cricket exchange betting apps. They are convenient, and usually have fast performance.

Payment Methods

Betting exchange sites in India offer different payment methods:

• Debit cards
• Credit cards
• Bank transfer
• E-wallets
• PayPal
• Skrill
• Neteller
• Trustly
• Bitcoin
• Google Pay
• Apple Pay
• Paysafecard

Using Betting Exchange Sites

Register

Fill in the registration form for a betting exchange account:

Personal data: gender, full name, date of birth, phone number, address, postal code, country

Account information: e-mail address and password

Security question and answer

Account currency

Deposit limit

Deposit Money

The first step in order to be able to place bets on a betting exchange site is to deposit money into your account.

The steps of the process are the following:

• Register for an account:  It is necessary to sign up for an account with the betting exchange that you choose. Personal information, as described above, is required.
• Choose a deposit method: Most betting exchanges in India offer several deposit options, including credit or debit cards, bank transfers, and e-wallet services such as the already mentioned ones. You are free to choose the deposit method suitable for you.
• Enter deposit details: Enter the necessary details, such as the amount you wish to deposit and your payment method information.
• Confirm the deposit: Review the details you have entered and confirm the deposit. The funds should be credited to your betting exchange account shortly after.

Not all betting exchange sites have the same deposit limits and processing times. Besides, some of them may also charge fees for deposits. It is advisable to review the terms and conditions before depositing money and making sure that is available in your country of residence.

Pick a Bonus

Below, there is a selection of the most popular betting exchange sites in India:

24Betting exchange

Dafabet

Parimatch

Sky247

FairPlay

Indibet

Betting Markets

Betting markets allow players to trade on the outcome of different events, and they have become very popular.

The following list includes the most famous exchange betting markets:

• Asian Handicap
• Over/Under
• Fixed Odds
• Accumulator betting
• Sure betting
• Full Time/Half Time
• Draw No Bet
• Double Chance
• Correct Score

Betting on Betting Exchange Sites

Among the many ways to make money, here are the most common ones:

Back Betting: Back betting is the kind of betting where you place a bet on something which you think is going to happen/win. Back betting is a normal bet, and you can place this at a normal bookmaker or shop.

Lay Betting: Lay betting is when you place a bet on something that you believe will not happen or win. Lay bets can be placed using betting exchanges.

In-Play Betting: In-Play Betting is when you bet while the event is taking place.

FAQs