Best Exchange Betting Sites In India – Betting exchange sites do away with traditional sportsbooks, allowing players to bet against each other rather than the bookie themselves by setting your own odds and markets. This article will focus on the best of these platforms available to Indian bettors, reliable alternatives to Betfair in India, and the best exchange betting apps.
Let’s say you place bets on a sportsbook belonging to one of the best cricket betting sites in India. Here, regardless of the market, you can only bet on one result. For example, you can bet on Ireland to win against England.
Best Exchange Betting Sites In India
That’s because conventional sportsbooks don’t have that option. Sure, you can bet on England to win against Ireland, but that would cause a huge drop in the odds as England are the better team in all formats (at the time of writing).
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This is where cricket betting exchange sites come in. It allows you to place a bet, which means you can bet on an outcome that won’t happen. Using the example above, you can bet on Ireland to lose to England.
In this section, we have reviewed the top six betting exchanges in India along with their pros and cons so that you can make an informed decision before choosing one. Let us begin.
Matchbook is an excellent alternative to Betfair in India, especially suitable for casual bettors. Its market coverage is decent, but the highlight is their betting app, which is available on both iOS and Android devices.
All in all, we are very impressed and have no hesitation in rating Matchbook as one of the most reliable and user-friendly betting sites. The minor downsides include the commission, which is 4% – higher than most exchanges in India charge. Additionally, the site does not accept too many betting payment methods specific to India. However, all other Matchbooks offer more than these shortcomings.
Betting Exchange Login
Although Crickex is new to the world of online betting, we believe they have serious potential to become one of the best betting exchanges in India. Yes, there are limitations, including their almost tunnel vision in cricket.
On the contrary, this cricket betting exchange is mainly designed for Indians as well as bettors who are trying to bet online from Bangladesh. Considering that the subcontinent does not have many betting scholarships available to players in the region, this in itself is a remarkable achievement.
Its launch on the sports betting exchange in India in 2021 is a real shot in the arm for this bookie, which already has its fair share of loyalists. The betting exchange has a stable back-end infrastructure, thanks to which the back and lay odds change quickly in real time.
Although the exchange is sufficient to meet regular bettor exchange requirements, Fun88 needs to work on its UI and features to keep experienced players looking for a fully loaded betting exchange website.
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As one of the leading cricket bookmakers in India, Dafabet has also done a great job of creating a betting exchange website that caters to the needs of occasional and regular players. The Dafa Sports exchange has several features that make for a rewarding experience while kicking back and betting. Importantly, it is available on both Android and iOS.
Parimatch, a recent entrant as a betting exchange site, neither shocked nor disappointed. The sports book on the exchange is currently limited to football, cricket and tennis, but we expect horse and greyhound racing to be introduced soon. To compensate for the coverage of the betting exchange, the operator offers live coverage of selected cricket matches under the ‘Live TV’ feature (top left of the screen), but we have to tell you that it’s not exactly uninterrupted coverage.
However, the fact that you get easy and fast banking options to transfer money to your exchange account definitely helps. All in all, we definitely recommend the Parimatch betting exchange site, but if others don’t cut it for you.
The Curaçao-based bookmaker catches the eye 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, which provides an added advantage to players.
Online Cricket Betting Site
While we are big fans of the variety and payment options that Indibet offers, we are not thrilled with the website design, which currently looks very dull and unattractive.
Betting sites differ from traditional betting sites in four areas: bet outcome, flexibility, betting odds and the commission charged. The infographic below should help you get clarity on the main points of difference between the two.
Now that we have listed and described the top betting exchange sites in India, we will tell you how to use one. To that end, we’ve put together these simple steps below:
While the exact range of options on such exchange sites in India will vary, here are some top payment methods that most of them offer:
Top 10 Betting Exchange Sites In India
Withdrawals are usually processed using the same bet payment method as deposits. However, if you don’t see the deposit method as an option for withdrawal, go ahead and use Net Banking. Although it is the slowest in terms of processing time, it is available on all betting exchange sites in India, making it the most reliable payment method overall.
This is the simplest type of bet, one that all sportsbooks offer. Suppose you bet on any of the leading cricket tournaments in the world. Here is a ‘win’ bet when you back a particular team to win the match. Essentially, you place your money on a certain outcome, and hope that the match/event will play out that way. There is also a possibility to get higher odds with this type of bet.
This is the type of bet that primarily distinguishes a regular bookmaker from a betting exchange. While the former will only allow you to place a ‘win’ bet, with the latter a ‘lay’ bet is also an option. It allows you to bet on a certain outcome of a match that will not happen. When you do this, you are essentially playing the role of the bookie.
An ’empty’ bet is usually more risky as you have to bet against the interests of fellow players. Therefore, there is a lot to lose if you don’t do it right (that is, if the outcome you choose happens). This is exactly why you should use a lay betting calculator before placing one of these at a betting exchange.
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Before we explore some alternatives to Betfair in India, let us understand the problem here that drives 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 issues to keep in mind.
First, Betfair charges a hefty commission (anywhere between 5-7% of your winnings), which can lead to income erosion in the long run. And secondly, and most importantly, Betfair does not work in India, and if you try to access it, you will get this message.
Some forums suggest using a VPN to log into Betfair. However, that only goes so far. Sure, you can access and register, but you’ll also need to verify your betting account with a valid ID document, residential address and possibly proof of payment as well.
You may be asked to provide copies of these documents immediately after registration or when you proceed to withdraw funds. If you fail the verification, your account will be frozen and your winnings will be confiscated.
Top Betting Sites In India
Alternatives to Betfair are all betting sites that accept Indian bettors: Fun88, Crickex, Indibet, Parimatch, Dafabet and Matchbook.
That said, we want to focus exclusively on Matchbook for this section as they offer innovative betting products. And with their sports market coverage and competitive odds as good as any, they never let Indians resent the absence of a giant betting exchange like Betfair.
In India, Matchbook charges a 4% commission on your net winnings, compared to a 2% rate in the UK and Ireland. So yes, local players are at a bit of a disadvantage here. That said, Matchbook stands out from 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.
In this section we discuss the best betting exchange programs in India. Some of the best cricket betting apps offer betting exchange services, and here are our top 3 picks:
Top Betting Exchange Sites In India
The Matchbook betting exchange app is a bit unique, in that it has some good selling points, but some glaring shortcomings. For example, on the one hand, it has a new layout, good market coverage, live chat support and high-value promotions, such as 0% commission on all sports for 30 days. With this you can feel that Matchbook is a top draw. And indeed it is.
But then there are these two downsides of the cricket stock betting app: a lack of India-specific banking methods and a rather hefty 4% commission levied on winnings (normally 2%) is the norm. INR is also not accepted as a viable currency.
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