Daanish Kaul
I’ve loved watching sporting events with the whole family since I was a kid, I’m a particular cricket fanatic and I even played as a student myself, so I know all the ins and outs of sporting events very well.
TOP 10 of the best Online betting exchange sites
In preparing our material, we have studied all exchange betting sites and analyzed in detail all their important aspects. Below you can find those that will offer you a full range of necessary options and allow you to win easily. In addition to the standard sportsbook, you will find a separate section with exchange betting where you will be able to determine the odds with other players. These sites are completely legal, internationally licensed, and have a wide popularity and reputation in India.
Sign up on any of them and start getting a great experience in exchange betting!
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1
 Batery
Welcome bonus 200% for sports 150% for casino + 200 FS |
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2
 Parimatch
Welcome bonus 450% up to ₹50,000 |
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3
 4raBet
Welcome bonus 600% welcome bonus up to ₹60,000 |
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4
 Melbet
Welcome bonus 100% up to ₹20,000 |
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5
 Satbet
Welcome bonus 100% up to ₹10,000 |
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6
 Paripesa
Welcome bonus 100% up to ₹8,000 on the first deposit |
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7
 M88
Welcome bonus 150%up to INR ₹10,000 |
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8
 Leon Bet
Welcome bonus Welcome bonus up to ₹20,000 |
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9
 Dafabet
Welcome bonus 160% up to ₹16,000 for new players |
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10
 Mostbet
Welcome bonus 125% up to ₹25,000 +250 FS on first deposit |
Review of exchange betting sites
To form a better understanding of exchange betting, we have prepared for you small reviews with basic information about them. Each of them is good in its own way and definitely will not be a bad choice, so choose the right one for you and start playing!
Parimatch
Parimatch is one of the leaders in the field of exchange bets. In a separate section players can place their bets on certain events and place Back or Lay bets. At the same time bookie has a pleasant and user-friendly interface and a lot of nice features for using INR. Speaking of Parimatch license, the platform is regulated by Curacao eGaming 1668/JAZ.
- Year of establishment – 1994;
- Legal and licensed in India – Yes;
- Payment Options – Paytm, UPI, Credit/Debit Cards, Skrill, ecoPayz, etc.;
- Welcome Bonus – 150% up to Rs 20,000;
- Minimum Deposit – Rs 200.
| Pros | Cons |
|---|---|
| Wide sports line | The exchange is not active in some sports disciplines |
| Good choice of exchange odds | |
| Bonuses for new and regular players | |
| Free for users broadcasts | |
| Fast money withdrawal | |
| Good selection of payment systems for INR |
1xbet
1xBet site, created in 2007 and quickly occupied a niche not only as a sportsbook site, but also as a platform for exchange bets with an excellent set of matches and outcomes. The exchange here is very live, so you’ll find a lot of interesting opportunities!
- Year of establishment – 2007;
- Legal and licensed in India – Yes;
- Payment Options – UPI, Paytm, Google Pay, Debit/Credit Cards, Neteller, etc.;
- Welcome Bonus – 100% up to Rs 20,000;
- Minimum Deposit – Rs 500.
| Pros | Cons |
|---|---|
| Very user-friendly interface | The minimum deposit amount is high enough |
| A lot of bonus programs | Withdrawals by some methods can take up to three days |
| A lot of active bettors on the exchange, a wide range of disciplines and matches | |
| Good environment to use INR | |
| Wide popularity and good reputation | |
| Broadcast sports matches are free |
Fairplay
Since its founding in 2020, FairPlay has positioned itself as a great bookie with its own betting exchange available to users. Here you will also be satisfied with the markets, because Fairplay have many active players on the exchange. At the same time all your bets are legal and the bookmaker’s license is Curacao 8048/JAZ.
- Year of establishment – 2020;
- Legal and licensed in India – Yes;
- Payment Options – Paytm, PhonePe, Crypto, Credit/Debit Cards, UPI, etc.;
- Welcome Bonus – 100% up to Rs 100,000;
- Minimum Deposit – Rs 500.
| Pros | Cons |
|---|---|
| Great customer service | High minimum deposit |
| All popular payment systems for INR are added | No LIVE broadcasts of matches |
| Low commissions, high liquidity | The exchange has only recently opened and some disciplines are not popular among FairPlay bettors |
| Possibility of crypto betting exchange | |
| Animated broadcasts do not consume internet speed | |
| Comfortable navigation |
Fun88
In June 2008 came Fun88, which at the moment is relevant and brings together millions of bettors, including those who prefer the exchanges. The relevant section will always be filled with good choices and a full set of features for winning will always be at your fingertips.
- Year of establishment – 2008;
- Legal and licensed in India – Yes;
- Payment Options – Paytm, UPI, AstroPay, ecoPayz, SticPay, Visa, MasterCard, etc.;
- Welcome Bonus – 300% up to Rs 3,000;
- Minimum Deposit – Rs 200.
| Pros | Cons |
|---|---|
| Unique bonus programs for new and active players | The welcome bonus is quite small |
| Active exchange with high liquidity | The interface looks a little old-fashioned |
| Wide sports line | |
| Convenient banking for deposits and withdrawals | |
| Several types of bets | |
| Highly skilled support service |
Betwinner
Betwinner is also a popular and sought-after legal betting exchange among Indian bettors. Bookie is legal and licensed by Curacao No. 8048/JAZ. The navigation here is very nice and the choice of markets on the exchange is large and will be able to satisfy you.
- Year of establishment – 2018;
- Legal and licensed in India – Yes;
- Payment Options – Google Pay, PhonePe, Paytm, SticPay, Crypto, Bank Transfer, etc.;
- Welcome Bonus – 100% up to Rs 8,000;
- Minimum Deposit – Rs 100.
| Pros | Cons |
|---|---|
| A large selection of tournaments is available for bettors in different sports disciplines | Navigation can be difficult for new players |
| Good choice of odds on the exchange due to the high activity of users | |
| Fast withdrawals | |
| Easy registration and verification process | |
| Low minimum deposit |
Dafabet
Dafabet is a reliable bookie, which also offers its users the services of an intermediary in the exchange section. The commissions are small, while the section is very easy to use and you can win comfortably. Bookie adheres to the rules of fair play (license No. 8048/JAZ) and makes sure that players are satisfied.
- Year of establishment – 2004;
- Legal and licensed in India – Yes;
- Payment Options – Skrill, Neteller, UPI, ecoPayz, Bank Transfer, etc.;
- Welcome Bonus – 60% up to Rs 30,000;
- Minimum Deposit – Rs 500.
| Pros | Cons |
|---|---|
| Supports Hindi | There may be slight delays in Live Betting |
| Legal and licensed | Support sometimes slows down on weekends |
| Great welcome bonus as well as other cricket bonuses | |
| Advanced exchange section with low commissions | |
| Highest security level | |
| UI looks modern |
Crickex
Crickex will also offer you everything you need for exchange bets on dozens of sports disciplines. At the same time, the bookie has a pleasant and user-friendly interface, which will allow new players to get used to it quickly. If you want to place a few bets in a standard sportsbook, you’ll also have plenty of options to do so.
- Year of establishment – 2020;
- Legal and licensed in India – Yes;
- Payment Options – Paytm, UPI, Rupee-O, iPay, PhonePe, etc.;
- Welcome Bonus Offer – No;
- Minimum Deposit – Rs 200.
| Pros | Cons |
|---|---|
| Huge focus on cricket betting | No welcome bonus for new users |
| Exchange section filled with cricket betting odds | |
| Quick withdrawals without commissions | |
| Streaming of sports matches | |
| Easy registration | |
| Wide range of banking options, low minimum deposit |
Is online betting exchange legal in India?
Yes, Betting Exchange sites are legal for bettors from India. There are laws in Indian law that prohibit the establishment of gambling houses in India as well as betting in them. Nevertheless, while betting online you are not breaking the law as the head office of the company is located in another country. In addition, you are betting on skill, which is also not prohibited. Cricket betting exchange sites from our list have international licenses from recognized gambling authorities (Curacao, MGA, UKGC, etc.).
On this basis, choosing a bookie from our list and betting on it, users from India have nothing to worry about!
Top 5 cricket betting exchange sites
If you have familiarized yourself with what exchange betting is and understand that this format is right for you, here are a few representatives, each of which will provide you with the best choice of services:
- 1xbet
- Parimatch
- Fairplay
- Fun88
- Betwinner
Sports Betting Exchange Explained
Exchange betting is a special kind of betting, which is different in that the odds are directly dependent on bettors and their bets. It is formed on the basis of all the money placed on a particular outcome and the bookmaker has no influence on its size.
Thus, the players are not playing against the bookie but against each other. Bookie website acts as an intermediary and earns money from the internal commissions on such bets.
What is an exchange betting id?
Each bet is unique and has its own personal number – ID. To see the ID of your bet, you can go to the menu of bets in your personal cabinet. It is used so that the bookie can track the order of payments and even help you to understand this or that bet, if there are any problems.
Differences between a regular sportsbook and a betting exchange
There are a number of differences between betting exchanges and standard sportsbooks. For a better understanding, check out the table below:
| Betting Exchange | Regular Sportsbook |
|---|---|
| The size of the odds is formed solely on the basis of supply and demand bettors exchanges | Odds are formed by analysts taking into account the bookmaker’s internal margin |
| The platform charges a small commission and is an intermediary | A margin is imposed on each coefficient |
| You can take the role of a bookie and bet “against” a particular outcome | You bet only on this or that outcome |
| You bet according to or against the opinion of other bettors | You are bet against the bookie |
| You can get a good profit before the start of the match at the expense of CashOut, if the odds change in your direction | The odds are usually rarely changed by the bookmaker after they are published in the public domain |
How to use an online betting exchange?
Once you’ve decided which exchange betting platform is right for you, you can start playing. We’ve prepared a step-by-step guide for you on how to get started quickly:
1
Register
Choose a bookie from our list and go through the registration process by clicking on the appropriate button and filling out the form.
2
Make a deposit
Go to the menu in your personal cabinet and click on the deposit button. Choose one of the payment systems you want to use for the transaction, enter the amount and confirm it.
3
Proceed to the exchange betting
Move to the “Exchange” section of the bookie website and select a sports discipline. A sheet with all available matches and exchange odds will open in front of you. Choose the one that suits you, the amount and confirm the bet. Now you need to wait for the event to end and when it happens, the bookie will credit your winnings to your balance.
Best exchange betting apps in India
India’s exchange betting application allows you to get the best odds formed from the bets of other bettors and win at any time and at any place. They have full functionality, while putting them in a high-tech shell. You can register, make a deposit and start winning by selecting an event from a wide sports line.
Here’s a great set of legal and free for indie users apps that will provide you with everything you need:
- Parimatch. An app from a bookmaker that has been offering services for more than 25 years;
- 1xbet. The app has the widest sportsbook and odds selection and a Curacao license;
- Fairplay. The app offers clear animated LIVE broadcasts that do not require high internet speeds;
- Fun88. The bookie app has more than 30 current bonus programs;
- Betwinner. In the 4 years since the founding of the bookmaker application has become widely popular.
- Dafabet. There are no deposit fees in the app.
- Crickex. More than 40 sports and sporting disciplines are available for bettors.
How to download the cricket exchange betting app?
Downloading the exchange betting app is a very simple process and will take any Indian user a couple of minutes.
It is done in 3 simple steps:
- Go to Exchange Betting Site from any browser of your mobile device;
- Go to the apps section and download the right version for your gadget (Android/iOS);
- Install the app!
An icon with the bookmaker’s logo will appear in your smartphone’s menu and you can start betting and winning at any time.
Deposit & Withdrawal options for betting exchange
The betting exchange sites on our list have a great environment to use INR. On them you will find all popular payment methods that involve fast transactions, with bookie actively adding new ones.
Among the most popular among Indian bettors we can highlight:
- Paytm;
- PhonePe;
- UPI;
- Skrill;
- Neteller;
- VISA;
- NetBanking;
- ecoPayz;
- MasterCard;
- Jeton Wallet;
- Piastrix;
- PayPal;
- Bank Transfer and many others!
Deposits by each of these methods will be instant, and withdrawal terms are unique for each bookie. You can see these limits on the banking page in your account menu. It should be said that only official pages of payment systems are used for transactions, so your data is protected.
Overview of Bet types At a Betting Exchange
There are two main types of exchange bets available to users: back and lay bets.
Back Bet
In this type of bet, you place a bet on a particular outcome. Thus, the mechanics are not much different from a regular sports betting line. In this case, the odds are set based on the bets of other exchange bettors, respectively, it may be higher than the bookmaker offers from his side.
Lay Bet
In this type of bets, bettors take on the role of the bookie. This is a bet “Against”, that is, you draw it on the fact that a particular outcome will not happen. Lay Bet are considered more risky because here you formally do not agree with the opinion of most bettors.
Try both types of bets and you’re sure to have a new and unique experience!
Online Betting Exchange Tips
We talked to experts and major exchange bettors to share their tips in such bets and tell us what to consider.
Here are some basic exchange betting tips you need to know before you start playing:
- Study the opinions of analysts. Read the predictions on the relevant sites to better understand the probability of the outcome;
- Study the statistics. This will give you an idea of the team’s recent form;
- Read the odds. Exchange bets and their odds are dictated by bettors. The odds will tell you what outcome most bettors are leaning towards;
- Make sure you’re getting the best possible offer for your bet, because odds change all the time;
- Read the basic betting exchange strategies and pick the right one for you or develop it yourself;
- Find out what commission the site charges for exchange bets and decide if it’s right for you;
- Use a betting calculator so you know how much you will win;
- Find out if it’s possible to cash out and make real-time exchange bets.
Pros & Cons of betting exchange sites
Exchange betting is generally a great addition that gets you a new experience and feel the competitive spirit of betting against the opinions of other players. That said, there are some minor downsides.
For all the information on the strengths and weaknesses of exchange betting, check out the table.
Pros
- Large selection of very low odds available for betting (have a high probability);
- Odds are formed based on supply and demand, so they can be higher than those offered by the bookmaker;
- Different betting exchange sites have their bettors and their odds, which actually allows you to make a win-win bet;
- Since the odds are set by the players, the bookmaker imposes minimal commissions on exchange bets;
- Possibility to hedge your bets and fix your profit if the odds go up;
- Better understanding of the probability of a particular outcome, constructed from the opinions of other bettors;
- Increased betting variability.
Cons
- In case such an event does not play, you will lose a large sum of money, and if you win, you will gain some;
- Higher odds are usually found in secondary and not popular markets;
- The difference in odds between the exchanges does not differ significantly, because the odds for major events is usually determined by big bettors;
- The choice of odds and markets is always lower than those offered by the bookmaker itself.
How to choose website for online exchange betting?
The sites that offer Exchange rates from our list will offer you a really complete set of tools. In preparing this material, we paid attention to all the important aspects in order to highlight those representatives of India, with which all the functionality will always be at your fingertips.
Here are the main factors based on which we have placed betting sites on this page and which you should definitely pay attention to:
- Licensing and legality. In order for users to get a guarantee of cash payouts, they should choose a bookie that complies with local laws as well as has an international license.
- Interface and functionality. Exchange bets should be designed as clearly as possible and provide comfortable navigation. Millions of players are ready to compete with you for one outcome or another, so everything should be easy to use.
- Payments. It’s much more convenient to use a bookmaker if it uses INR as one of the main currencies and provides a quick and convenient set of banking options (UPI, Paytm, PhonePe, etc.)
- Cashout. In exchange bets the odds change every second, so the cashout feature is important in case you change your mind and decide the risk is not worth it.
- Security. Users should have maximum protection from any leaks as they send their data to the exchange betting site. That’s why it is important that the site has SSL encryption, a firewall and antivirus protection.
If these factors are also the most important for you, just choose any exchange betting site from our list and you will definitely be satisfied with your winnings!
FAQ
What is a betting exchange account?
This is an account with which you can participate in online betting exchanges on bookie sites, playing not against the bookmaker and his odds, but against other bettors.
Is Bet365 a betting exchange?
Bet365 is a bookmaker site where the odds are put up strictly by the bookmaker, and players bet on those odds. At the moment it does not implement the exchange function.
What are the types of betting exchange?
There are several types of exchange betting on sporting events. The most basic types are Lay Bet and Back Bet. The odds are formed on the basis of bets made by players.
How do you cash out a lay bet?
On the best betting exchange in India sites users can easily CashOut their bets. To do this, go to the menu of your bets and click on the appropriate button to get the amount based on the current odds.
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