Exchange Cricket Betting – Betting exchange sites do away with traditional sports betting, allowing punters to set their own odds and markets against each other rather than against a bookie. This article will focus on the best of these platforms available to Indian bookmakers, reliable Betfair alternatives in India and the best exchange betting apps.
Suppose you place a bet on a bookie belonging to one of the best cricket betting sites in India. Here, regardless of the market, you can only bet on one outcome. For example, you can bet on Ireland to win against England.
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This is because traditional sports betting does not have this option. Of course, you can bet on England to win against Ireland, but this will drastically reduce the odds, as England are the best team across all formats (at the time of writing).
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This is where cricket betting exchange sites come in. They allow you to place bets, which means you can bet that no result will happen. Using the example above, you can essentially bet on Ireland to lose against England.
Matchbook is a top Betfair alternative in India, particularly suited to casual bettors. Market coverage is decent, but the feather in the cap is their betting exchange app, which is available on iOS and Android devices.
Overall, we were quite impressed and have no regrets about ranking Matchbook as one of the most reputable and user-friendly betting exchange sites in India. Minor downsides include the commission, which is 4% – higher than what most exchanges in India charge. Furthermore, the site does not accept a lot of India-specific betting payment methods. However, what Matchbook has more than makes up for these shortcomings.
Although Crickex is new to the world of online betting, we believe that they have serious potential to become the best betting exchange in India. Yes, there are limitations, including his almost tunnel vision on cricket.
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However, this cricket betting exchange is primarily designed for Indian as well as bookies from Bangladesh trying to place online bets. Considering that the subcontinent does not have many betting exchanges available to bookies in the region, this in itself is a remarkable achievement.
The launch of its sports betting exchange in India in 2021 was a real boost for the bookmaker which already had a strong following. The betting exchange has a robust back-end infrastructure, thanks to which the odds for back and lay bets change rapidly in real time.
While the exchange is sufficient to meet the regular requirements of the betting exchange, Fun88 needs to work on its user interface and functionality to keep up with experienced bettors looking for a fully loaded betting exchange site.
As one of the leading cricket bookies in India, Dafabet has also done a great job of building a betting exchange site that caters to the needs of both casual and regular bettors. Dafa Sports Exchange comes with a host of features that make it a rewarding experience while you place bets. Above all, it is available on Android and iOS.
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Parimatch, a recent entrant as a betting exchange site, neither surprises nor disappoints. Sports betting on the exchange is currently limited to football, cricket and tennis, but we expect horse racing and greyhound racing to be introduced soon. To compensate for the reach of the betting exchange, the operator does offer live streaming of some cricket matches under the “Live TV” feature (top left of the screen), but we must tell you that it’s not exactly uninterrupted coverage.
Plus, the fact that you have quick and easy banking options to transfer money to your Exchange account definitely helps.
Overall, we definitely recommend the Parimatch betting exchange site, but only if others don’t cut it for you.
The Curacao-based betting exchange hits the bullseye in terms of the range of sporting events it covers on its betting exchange. Apart from cricket, football, basketball and kabaddi, it also covers e-sports, giving bettors an added edge.
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While we are big fans of the variety and payment options that Indibet offers, we are not as thrilled with the design of the website, which currently looks extremely bland and unattractive.
Now that we have listed and described the best betting exchange sites in India, we will show you how to access one. For this, we have compiled three simple steps below:
The betting exchange sites we recommend offer all kinds of welcome bonuses and free bets. The best welcome bonuses are usually available when registering with the bookmaker, while others require you to make your first deposit. We highly recommend using the free bets as they also give you extra money to play with.
While the exact range of options varies from exchange to exchange in India, here are some of the main payment methods offered by most of them:
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Withdrawals are generally processed using the same payment method as deposits. However, if you do not see the deposit method as a withdrawal option, then go ahead and use netbanking. Even though it is the slowest in terms of processing time, it is available across all betting exchange sites in India, making it the most reliable payment method overall.
This is the simplest type of bet, and is the bet offered by all sports betting sites. Let’s say you bet on The Ashes, one of the best cricket tournaments in the world. Here, there is a “win” condition to return Australia to lift the trophy (or England, your choice).
Essentially, you place your money on a specific outcome and hope that the match/event will go that way. Furthermore, there is a possibility of getting higher odds with this type of bet.
It is this type of wager that primarily differentiates a bookmaker from a betting exchange. While the former will only allow you to place winning bets, with the latter, a “Late” bet is also an option. These allow you to bet on a specific outcome of a no match. When you do this, you are essentially playing the role of bookmaker.
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A “secular” bet is generally more risky, as it forces you to bet against the interests of other bettors. Therefore, you have a lot to lose if you don’t get it right (ie the outcome you’re betting against happens). This is why you should use a bet calculator before placing with a betting exchange.
Before we explore some Betfair alternatives in India, let’s understand the problem here that prompts us to look for alternatives in the first place. Betfair is undoubtedly the most popular and largest betting exchange in the world, but there are two points to remember.
Firstly, Betfair charges a high commission (ranging from 5-7% of your winnings), which can reduce profits in the long run. And secondly, and more importantly, Betfair does not operate in India, and you will get this message if you try to access it.
Some forums will suggest that you use a VPN to register with Betfair. However, this will only go so far. Of course, you will be able to access and register, but you will also need to verify your betting account with a valid ID, residential address and possibly proof of payment.
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You may be asked to provide copies of these documents immediately after registration or at the time of withdrawal. If you fail the verification, your account will be frozen and your winnings will be forfeited.
Alternatives to Betfair would be any betting exchange site that accepts Indian bettors: Fun88, Crickex and Matchbook.
That said, we want to focus specifically on matchbooks for this section because of the new betting products they offer. And with its coverage of sports markets and competitive odds that are as good as any, it has never let Indians regret the absence of a giant betting exchange like Betfair.
In India, Matchbook takes a 4% commission on your net winnings, compared to 2% in the UK and Ireland. So yes, the speculators of the country are at a slight loss here. That said, Matchbook outperforms other betting exchange sites in departments such as live chat, mobile betting apps for Android and iOS and valuable promotions such as 0% commission for 30 days.
Which App Is Best For Ipl 2022 Betting In India? Crickex App Review, Download Link, Exchange And Bonus
As we do for cricket betting apps, here are mini reviews of the top three betting exchange apps in India:
The Matchbook Betting Exchange site is a bit odd, in the sense that it has strong selling points but some obvious drawbacks. For example, on the one hand, it has a newbie-friendly layout, good market coverage, live chat support and great-value promotions like 0% commission on all sports for 30 days. Reading these you will feel that the matchbook is a draw. And it really is.
But then there are two downsides to the Cricket Exchange betting app – the lack of two India-specific banking methods and the relatively hefty 4% commission on winnings (the standard is usually 2%). INR is also not accepted as a viable currency.
With a diverse mix of pre-match and in-play markets, the Crickex betting exchange app stands out for offering India-specific sports like Kabaddi.
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