Best Exchange Betting Sites In India – Betting exchange sites do away with traditional bookmakers and allow you to bet against each other rather than against the bookmaker itself. This article focuses on the best of these platforms available for Indian betting, reliable Betfair alternatives in India and the best exchange betting apps.
Let’s say you are betting on a sportsbook belonging to one of the best cricket betting sites in India. Here, whatever the market, you can bet on only one outcome. For example, you can bet on Ireland to win against England.
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Because regular sportsbooks don’t have that option. Of course, you can bet England to beat Ireland, but that takes the odds down drastically because England are the better team in all formats (at the time of writing).
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Here comes the cricket betting exchange sites. They allow you to place a bet, meaning you can bet on the odds. Taking the above example, you can bet Ireland will lose to England.
Matchbook is the best Betfair alternative in India, especially suitable for casual players. Its market coverage is decent, but the feather in the cap is the betting exchange app available on iOS and Android devices.
Overall, we are very impressed and have no hesitation in rating Matchbook as one of the most reputable and friendly betting exchange sites in India. A minor drawback is the commission, which is 4%, which is higher than most exchanges in India. Also, the site does not accept most betting payment methods specific to India. However, everything else that Matchbook offers makes up for these shortcomings.
Although Crickex is new to the world of online betting, we believe they have great potential to become one of the best betting exchanges in India. Yes, there are limitations, including tunnel vision in cricket.
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But on the plus side, this cricket betting exchange is primarily designed for Indians as well as players from Bangladesh trying to bet online. Considering that the subcontinent does not have many betting exchanges for players in the region, this is a remarkable achievement in itself.
The launch of its sports betting exchange in India in 2021 is a real coup for the bookmaker, which already has a strong following. The stock betting exchange has a solid infrastructure, thanks to which betting odds change quickly in real time.
Although the exchange is sufficient to meet the requirements of a normal betting exchange, Fun88 needs to work on its user interface and features, prompting experienced players to look for a fully loaded betting exchange site.
As one of the leading cricket bookmakers in India, Dafabet has done a great job of creating a betting exchange site that caters to the needs of both casual and regular punters. Dafa Sports exchange comes with several features that will give you a rewarding experience while betting. Importantly, it is available on Android and iOS.
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Parimatch, a recent entry as a betting exchange site, neither surprises nor disappoints. The exchange’s sportsbooks are currently limited to football, cricket and tennis, but we expect horse and greyhound racing to be introduced soon. To compensate for the possibility of changing bets, the operator offers live streaming of some cricket matches under the Live TV feature (top left of the screen), but we have to tell you that it’s not exactly seamless. coverage
It also helps that there are easy and fast banking options to transfer money to your exchange account.
However, we recommend the Parimatch betting exchange site, but only if others don’t cut it for you.
The Curaçao-based betting exchange has taken the lead in terms of the range of sporting events it covers on its betting exchange. Apart from cricket, football, basketball and kabaddi, it also includes eSports, which gives the bettors an added advantage.
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While we’re big fans of the variety and payment options Indibet offers, we’re not too keen on the website design, which currently looks pretty weird and unappealing.
Now that we have listed and described the best betting exchange sites in India, we will tell you how to use them. To do this, we have created 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 you sign up with the bookmaker, while others require you to make your first deposit. We recommend you use free bets as they give you extra money to play with.
Although the exact range of options varies between cricket betting exchange sites in India, here are some of the main payment methods offered by most of them:
Best Sports Betting Websites In India
Withdrawals are usually processed using the same wagering method as deposits. However, if you cannot see the deposit method as a withdrawal option, then use Netbanking. Although it is the slowest in terms of processing time, it is available on all betting exchanges in India, making it generally the most reliable payment method.
This is the easiest type of bet and is offered by all sports betting sites. Let’s say you are betting on The Ashes, one of the best cricket tournaments in the world. The ‘win’ bet here is simply when Australia return to win the trophy (or England, depending on your choice).
Essentially, you are putting your money on a certain outcome and hoping that the match/event will turn out that way. In addition, with this type of bet there is a chance to get high odds.
This type of bet primarily distinguishes a bookmaker from a betting exchange. While the former only allows you to bet on winnings, with the latter, “straight” bets are also an option. These allow you to bet on a specific match outcome. When you do this, you essentially take on the role of a bookie.
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A “slow” bet is usually more risky because it requires you to bet against the interests of your colleagues. So you have a lot to lose if you don’t get it right (ie, if your bet pays off). It is for this reason that you should use a betting calculator before placing one of them on a betting exchange.
Before exploring some Betfair alternatives in India, let’s understand the problem that drives us to look for alternatives here. 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 high commission (5% to 7% of your winnings), which can reduce long-term profits. Secondly, and more importantly, Betfair does not work in India and you will get this message if you try to access it.
Some forums recommend using a VPN to sign up to Betfair. However, this only goes so far. You can of course log in 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 to receive funds. If you fail the verification, your account will be frozen and your earnings will be confiscated.
Alternatives to Betfair are all betting exchange sites that accept Indian bets: Fun88, Crickex and Matchbook.
Having said that, we would like to focus exclusively on Matchbook for this section as they offer innovative betting products. And with their sports market coverage and competitiveness, they have never disappointed Indians for not having a major betting exchange like Betfair.
In India, Matchbook charges 4% commission on your net income, and 2% in the UK and Ireland. So, yes, the country players are at a bit of a disadvantage here. That said, Matchbook offers other betting exchange sites in categories such as live chat, mobile betting apps for Android and iOS and valuable promotions such as 0% commission for 30 days.
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As we do with cricket betting apps, here are our mini reviews of three of the best betting exchange apps in India:
Betting exchange site Matchbook is a bit of an oddity as it has some strong selling points but also some downsides. For example, on the one hand, it has high-value promotions such as a beginner-friendly design, good market coverage, live chat support, and 0% commission on all sports for 30 days. Focusing on these, you will feel that Matchbook is the main attraction. And that’s it, really.
But then there are two downsides to this cricket exchange betting app: two are the lack of banking options specific to India and the relatively high commission of 4% on winnings (the standard is usually 2%). INR is also not considered a viable currency.
Featuring a diverse mix of pre-match and in-play markets, Crickex betting exchange app excels in offering Indian-specific sports such as Kabaddi.
Best Online Cricket Betting Sites In India
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