Finding a top-rated betting exchange site is not an arduous task anymore. This blog 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 betting 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 how they work? A place that allows players to exchange bets with other players is a betting exchange.
At such exchange betting sites, you don’t have to bet against the bookmaker like at a regular sports betting site, instead, you can also place your bets against other players.
Unlike a conventional sportsbook, the betting sites don’t make much money upon your losing bets. Instead, they earn from commissions by facilitating bets between players.
Betting Exchange Sites 2021
How Does Betting At A Betting Exchange Work?
Exchange betting involves betting against other players and not against the bookie. This means that your betting odds are likely to be more than those of any standard bookmaker.
Akin to how you stake money at a stock exchange, at a betting exchange, your bets are placed either on a positive or negative result against that of other punters.
Reasons To Use A Betting Exchange
If you are contemplating whether to choose a bookmaker or a betting exchange site for staking, here are reasons why choosing the latter could make a profitable option.
- First, you are likely to enjoy the benefits of better odds at a betting exchange
- Secondly, playing at the best cricket exchange is more rewarding as you can explore the opportunities to make more profits.
- And yes, you can’t deny the advantage of having more fun when exchange betting.
How To Use A Betting Exchange
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.
This refers to signing up at the site to create a new account with your details. The process can be completed within a few minutes and all you will need to do is simply enter all the required personal details while signing up.
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 safe and secure payment methods such as UPI, Bank Transfer, PhonePe, PayTM and many other reliable transaction methods.
If you are looking for smooth and 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.
Claiming your Welcome Bonus at a betting exchange
All betting exchanges listed on our site offer some or the other form of bonuses.
However, the welcome bonus is one of the most appealing at most betting sites as it comes as a generous greeting from the betting exchange to all new players joining the site.
Packaged in the form of a free bonus, the welcome bonus offers players the opportunity to play with more money.
You won’t be charged any extra money to enjoy a welcome bonus at a betting exchange as it is 100% free.
Every new player can collect his/her welcome bonus as it is awarded as soon as the initial deposit is made at the betting exchange.
Once you’ve made up your mind to stake on your favourite sport through a betting exchange, you can look forward to more lucrative betting opportunities.
A betting exchange allows players to enjoy odds determined by the market.
This means if many bettors have placed their bets on Mumbai Indians presuming that the team has a better chance of winning against Chennai Super Kings, the odds are likely to swing in favour of a win for the former.
And the best thing about this is that for the fans of the latter team who believe that Chennai Super Kings stand a winning chance, the odds on the win will be highly lucrative.
It is the higher odds that comes by playing through a betting exchange that can get you more profits.
Types Of Bet 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.
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 of landing 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.
Unlike a bookmaker that only allows you to place win 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 which the player chooses to bet against works out.
To avoid such problems, a player is often advised to use a lay bet calculator. This can help you calculate the risk and make relatively accurate bets when playing at a betting exchange.
Tips And Tricks For Staking 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 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 proportionate 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 the 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 favour.
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 GooglePay or choosing Online Bank Transfer, top betting exchange providers ensure a score of payment options for player’s convenience.
You can even use Cryptocurrencies to start betting at many betting exchanges.
Frequently Asked Questions: Betting Exchanges
What are the best betting exchanges in India?
There are several betting exchanges where Indian players can enjoy sports betting. Among some of the top-notch betting exchanges listed are Betwinner, Fun88 and 1xBet.
Which are the sports available for betting in India?
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.
Are betting exchanges accessible on mobile phones?
Yes, the most popular betting exchanges in India including the top cricket betting exchange is accessible on the go. Fun88, 1xBet, Betwinner are among some of the exchange betting providers that have their dedicated mobile apps. Other providers such as betwinner have mobile-optimized sites which can be easily opened from your mobile browser for betting from anywhere, anytime.
Do I need to pay taxes on my winnings from betting at an exchange betting site?
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.
How often can I win real money at betting exchanges in India?
Playing at betting exchanges with real money can bring you real cash wins. It is the better odds that offer higher winning opportunities making betting exchanges a better place to bet and win sizeable returns as compared to that at traditional online bookies.