A betting exchange is a platform or website where players can stake against other players instead of the bookmaker. This makes it more enjoyable for the players and offers them an immersive betting market experience. However, exchange betting sites are not as simple as standard betting.
And if you are new to the betting exchange, you might struggle to get against other users. Here, we have created a detailed guide on the top betting sites in India that features a betting exchange. You can find a detailed guide to the best betting exchanges and make your choice.
➤ Bookmakers Ranking
| Bookmaker | Pros | Cons |
| 1xBet | ✅High odds; | ❌Slow site loading times. |
| ✅Multiple payment methods; | ||
| ✅Extensive gaming options; | ||
| ✅Android and iOS mobile apps available. | ||
| Megapari | ✅Numerous simple and withdrawal methods; | ❌Slow customer support service. |
| ✅Straightforward and user-friendly platform; | ||
| ✅Accepts crypto payments; | ||
| ✅15% Deposit Bonus on UPI/Jeton. | ||
| Dafabet | ✅Licensed gaming platform; | ❌Few payment methods. |
| ✅Extensive sports and casino games; | ||
| ✅Innovative trading site with multiple features; | ||
| 4rabet | ✅Live dealer games; | ❌High Withdrawal minimum amounts. |
| ✅User-friendly website. | ||
| BC.game | ✅In-play betting; | ❌Few payment methods. |
| ✅Cash Out options. | ||
| Parimatch | ✅Feature-packed website; | ❌No email support. |
| ✅Multi-lingual website. | ||
| Betwinner | ✅Exceptional customer support; | ❌Capped maximum stake, INR 12000. |
| ✅Easy and Flexible payment methods; | ||
| ✅Specialized Bets in Individual Sports. | ||
| Fun88 | ✅More than 10,000 games to play from; | ❌High minimum deposit amounts. |
| ✅Personalized bonuses and promotions; | ||
| ✅Offers Pre-match betting, live-match-betting and outcome betting. | ||
| MarvelBet | ✅Many ongoing promotions; | ❌Limited Deposit options; |
| ✅Live streaming options; | ❌No welcome bonus. | |
| ✅App download bonus. | ||
| Mostbet | ✅Many ongoing tournaments; | ❌No Indian banking methods; |
| ✅Multiple registration options. | ❌Cluttered website. |
➤ What Is a Betting Exchange?
With India embracing the digital era, sports betting has developed to provide fans with a more engaged and calculated method of placing bets. We now join the world of betting exchanges, a revolutionary development from conventional bookmakers that has gained popularity in India's gambling industry since it enables players to trade and strategize in real-time and place bets on results.
What is a Sports Betting Exchange, then? Many curious gamers will ask. A betting exchange is a dynamic gaming platform that allows bettors to wager on events and markets against each other rather than against a sportsbook with set odds. In a standard betting setup, a bookie determines the odds for an event, and bets are placed against this bookie. Nevertheless, in a betting exchange, users can do both backing or betting for and laying, also referred to as betting against the outcomes. The exchange does charge a small commission for this innovative service on all winnings.
- Lay betting strategy available;
- High betting odds;
- More straightforward to place massive wagers;
- High-value gaming markets;
- Guaranteed winnings - Arbitrage Bets;
- Very flexible odds;
- In-Play Betting;
- Peer-peer Interactions;
- Cash Out Features;
- No account limitations.
- Complicated than traditional bookies;
- Has rapidly changing odds;
- Restricted accumulator bets gaming;
- Charges a commission on all winnings, decrease on profits;
- Market Liquidity;
- Limited matched bets;
- Few sports and bonuses.
➤ Betting Exchange Guide
Below is a step-by-step outline of how to get started with betting exchange sites;
Step 1: Choose and sign up on a betting exchange site or app
Find your ideal sports betting exchange site or go exchange betting app and create a gaming account.
Step 2: Make a Deposit
Use various payment options, such as online bank transfers and UPI, to send money into the exchange account. Once the account has been funded, see if the website offers any welcome benefits and take advantage of them.
Step 3: Start gaming
Ready to get started? With a funded account, betting exchange is at your fingertips! Begin by doing a betting exchange login conveniently available on your chosen bet in exchange app or site landing page. Take a look at the exciting sports betting markets on offer and browse through the sports offered. Once you've found a match that catches your eye, click on it to discover the various betting options available. You can either back or lay, select your preferred odds, and add them to your bet slip. Finally, enter your desired stake and confirm your all exchange bet.
▶️ How do betting exchange sites in India work?
The working of a betting exchange is based on two different types of bets. Here we will review how the online betting exchanges work and how you should play on them.
Selecting the type of bet
The most exciting feature of the betting exchange sites is the type of the bet. There are generally two different types of bets. There is a back bet and a lay bet. Lay bet means the event is not possible to occur. And a back bet means you are supporting an event to occur. For example, instead of choosing a team to win, you can place a bet for a team to lose;
Enter the funds
Once you select the type of bet, you need to enter the amount you wish to bet against your opponent on the betting exchange app. For example, you can stake 1000 Rs for Mumbai Indians to lose. In this case, you would require another player who will have to stake Rs 1000 for Mumbai Indians to win. You can access Indibet's betting exchange for a comprehensive matchbook. If Mumbai Indians lose the game, you can win 1000 Rs;
The best part of an exchange betting app is the freedom it offers to the players. There is no one to restrict you from placing your bets. Be it on Dafabet or any other betting exchange, you can easily wager your funds. But, you must have a player against you who likes to bet on the games.
✔️ Primesport exchange betting app vs. regular online sportsbooks
Whether to use a betting exchange or a traditional online sportsbook is made individually. It depends on personal preferences, strategies, risk tolerance, and desired platform features.
Betting exchange sites and average online sportsbooks signify two separate approaches to sports betting, each showcasing their particular characteristics.
The betting exchanges encourage a peer-to-peer platform where users can simultaneously bet on and against the outcome. Thus, players can suggest the gaming odds, and by that, they enable trading features and offer opportunities for winning irrespective of the event outcome. In-play betting and cash-out functionality contribute to the perceived interactivity of these platforms, with no set upper limits on staking amounts, adding to user flexibility.
In contrast, traditional online sportsbooks have fixed odds set by the bookmaker, and their customers place bets against the bookie. In many cases, the said platforms attract users through rewards of promotional bonuses such as free bets or deposit bonuses. Moreover, these standard betting platforms have both stake and maximum winning limits or restrictions.
It is thus evident that betting exchanges are more interactive and customizable, whereas standard online sportsbooks provide convenience, fixed odds, and user-friendliness.
Best betting exchange sites compared
| Betting exchange | Welcome Bonus | Mobile Apps | Live Betting |
| 1xBet | 100% First Deposit Bonus up to INR 33000 | YES | YES |
| Megapari | 100% First Deposit Bonus up to INR 20000 | YES | YES |
| Dafabet | 160% welcome bonus up to INR 16000 | YES | YES |
| 4rabet | 700% Welcome bonus up to INR 20000 | YES | YES |
| BC.game | YES | YES | YES |
| Parimatch | 150% Sports Welcome Bonus up to INR 20000 | YES | YES |
| Betwinner | 100% First Deposit Bonus up to INR 8000 | YES | YES |
| Fun88 | 250% First Deposit Bonus up to INR 5000 | YES | YES |
| MarvelBet | NO | YES | YES |
| Mostbet | 125% First Deposit Bonus up to INR 34000 | YES | YES |
When do I use betting exchanges?
A player can select and use betting exchange platforms in different circumstances, each tailored to fit. Betting exchanges are lucrative to those looking for guaranteed winning opportunities because they allow a person to take advantage of the difference between backing and laying bets. In-play betting, which is interactive on a real-time basis, is another factor that attracts punters towards the choice of betting exchange, thus refining their positions during gaming sessions.
In addition, transparent market shifts, the absence of strict wagering limits, and some player-player interaction all make betting exchanges attractive. Moreover, punters interested in particular markets or who want more exotic gambling choices may feel at home here. Bettors, therefore, enjoy the advantages of playing a variety of bets, both complex trading strategies and diverse betting opportunities through these platforms.
Author’s Opinion about the Best Exchange Site
In contrast to the traditional structure, in which a bookie sets the odds, betting exchange players can act as bookmakers and bettors. With this latest innovation, patrons can lay bets against the results of various events in addition to backing them and serving as bookmakers by providing odds against them. By allowing users to match their bets with those of others, this twin capability provides a dynamic avenue that fosters competition and a sense of connection among bettors. Due to varying player preferences, it would be challenging to pick the best of the sites discussed selectively. All of these betting exchanges have transformed the gaming industry by bringing ideas like in-play betting, trustworthy and secure platforms, and being able to trade positions before the end of a sporting event. These systems give customers a distinctive and systematic strategy for placing bets, observing a trend towards more engaging and adaptable betting alternatives.
➤ Best Betting Exchange Apps In India
| Exchange Apps | Pros | Cons |
| 1xBet | ✅High odds; | ❌Slow site loading times |
| ✅Multiple payment methods; | ||
| ✅Extensive gaming options; | ||
| ✅Android and iOS mobile apps available. | ||
| Megapari | ✅Numerous simple and withdrawal methods; | ❌Slow customer support service. |
| ✅Straightforward and user-friendly platform; | ||
| ✅Accepts crypto payments; | ||
| ✅15% Deposit Bonus on UPI/Jeton. | ||
| Dafabet | ✅Licensed gaming platform; | ❌Few payment methods. |
| ✅Extensive sports and casino games; | ||
| ✅Innovative trading site with multiple features. | ||
| Betwinner | ✅Exceptional customer support; | ❌Capped maximum stake, INR 12000. |
| ✅Easy and Flexible payment methods; | ||
| ✅Specialized Bets in Individual Sports. | ||
| MarvelBet | ✅Many ongoing promotions; | ❌Limited Deposit options; |
| ✅Live streaming options; | ❌No welcome bonus. | |
| ✅App download bonus;. |
Opinion author about the best bet exchange apps
One's preferences are significant in selecting the top Indian sports betting app. The user exchange betting experience is improved by a few aspects, though. The top betting apps in India are ranked based on these attributes. Many cricket exchange betting apps focus on cricket and are highly positioned in the gaming industry. The apps are persistently reliable since they use complex software algorithms, enabling a smooth and stable betting experience. These applications also have a user-friendly design, thus making them even more attractive to players who prefer engaging in exchange gambling. Their rankings can also be attributed to the availability of a broad range of markets and competitive odds. This has increased the versatility of these apps since gamblers can explore different bet types. Such apps cater to all preferences: live betting or advanced trading options. This environment allows one to experience an exciting moment while placing bets. Also, the variety of bets adds up as another element of attractiveness. Punters can choose among numerous selections, making their best custom-made and personalized. Besides sports coverage, these apps are comprehensive, providing multiple options that enhance user experience. This makes them the best choice for Indian cricket fans as it provides an integrated approach towards sports gambling, thus explaining why we rate them highly.
➤ How Do You Win on Betting Exchange Sites?
While there are no wrong ways to win on a site using your betting exchange id. But, there are certain things that you can follow to win on the sports of the betting exchange platforms. They are as follows.
- You need to learn how all betting sites having an exchange work. It is because the different types of bets and the changing odds can make a bet which you might not have expected;
- Another feature on the list is the cash-out option. Cash outs will help you take back some money even if you are losing a bet. Cashouts help you to cut your losses;
- You should also learn about arbitrage betting. Arbitrage bets are when a player places bets for both for and against the event. But you need to have a lot of knowledge about arbitrage bets before placing such bets on any cricket exchange betting app;
➤ What Are the Advantages of a Betting Exchange?
While you are very aware of the live casino or the sportsbook section, the betting exchange option also provides multiple advantages. They are as follows.
⚫️ Offers More Choices
Betting exchange sites like Betfair, Ladbrokes, and others allow players to place more kinds of bets. This is because the players don’t have to rely on the bookmaker to provide odds. If a player wishes to place a type of bet that is not offered by a bookmaker, all they need is an opponent to place the bet. Thus, the players have more freedom to choose the type of bet they want.
⚫️ Betting Exchanges Have Better Odds
The bookmaker decides the odds for traditional betting. Thus, you might not get guaranteed odds or the highest odds at the bookmaker. However, the odds on the betting exchanges are decided by the thousands of players who are betting simultaneously. It means that the betting exchanges have higher odds than the traditional betting sites.
⚫️ Offers More Flexibility
Since the odds at the all exchange bet exchanges keep changing frequently, players have ample options for changing the bets or odds. It depends on how the match is proceeding. Thus, if you backed a team that seems to lose the match as it proceeds, you can easily cash out the fund instead of laying a bet against them. This flexibility is not available for the traditional bets.
➤ Exchange Betting Sites Features
The following are some of the attributes Indian punters should consider when choosing an exchange site or app:
✔️ Bonus Offer
The betting exchange platforms' bonus is a big draw for Indian gamblers. This includes sign-up bonuses, cash-back incentives, and ongoing promotions. To determine the worth and viability of these bonuses, bettors should review the terms and conditions attached to them. Since it draws new users to the website, a betting exchange site's welcome bonus offer is arguably the most significant feature. A favorable bonus offer can help you have a pleasant and profitable gaming experience.
✔️ Betting Variety
The exchange should offer a wide variety of exchange market betting possibilities. A solid betting exchange platform should provide a large selection of events and sports so that players may freely explore and place bets on the games they desire to participate in.
✔️ Mobile Experience
The mobile experience has become increasingly important with the growing usage of smartphones and other mobile devices. Bettors can experience effortless gaming with an intuitive and optimized mobile app or website. The mobile user experience is improved with real-time updates, intuitive navigation, and effective bet placing.
✔️ Payment Options
Indian gamblers must look for or consider the variety and practicality of available payment methods. A trustworthy betting exchange must accept various payment options, such as bank transfers, e-wallets, and credit/debit cards that allow flexible deposits and withdrawals. One should review the platform's deposits, withdrawals, and transaction fee policies to ensure they match your preferences for safe and quick transactions.
✔️ Betting Experience
Several components comprise the entire betting experience, such as live betting options, competitive odds, and simplicity of use. Additionally, an easy-to-use interface, a wide range of betting markets, prompt customer service, and reasonable odds add to a fun betting experience.
➤ Tips And Strategies For Betting-On-Betting Exchanges
Gaming on a betting exchange can be a profitable endeavor. Whether you prefer using an app or a website, betting within the realm of betting exchanges offers opportunities for financial gain. However, it's important to remember that successful exchanges require expertise and making well-informed decisions. To help you make strategic choices, here are some insights that can improve your chances of success when using betting exchange sites:
⚫️ Research on betting exchange sites
You should do your due diligence on the sites or apps because numerous betting exchanges are available, and they may or may not have fantastic features and benefits. Furthermore, we advise you to select well-known, licensed companies in the sports betting exchange industry that have a fair fee percentage on winnings.
⚫️ Bet responsibly
To prevent excessive gaming spending, set a limit on expenditure or budget for your gambling activities and adhere to it. Effective bankroll management is crucial for sustained success and aids in averting significant losses. Additionally, it is never a good idea to chase losses because, in most cases, placing more bets to make up a loss rapidly will only lead to more losses. Be disciplined, stick to your strategy, and always make informed gaming decisions.
⚫️ Employ Cash-out and In-play betting. Features
Make use of the in-play betting opportunities. Punters can regularly place wagers on betting exchanges when a sporting event occurs, allowing them to respond to developing circumstances and shifting odds. For even more flexibility, utilize the cash-out tool. Before the end of an event, settle bets to maximize earnings or reduce losses in light of evolving circumstances.
⚫️ Place realistic wagers on best-known sports
Your wagers must be logical and enticing for another player to match them. It will be easier to draw in another player and prevent an unfair bet if the odds you offer on the wager are reasonable for both sides. Because of your understanding, for example of the cricket betting exchange, you can place good predictions with competitive odds and determine whether you are making the correct decision.
⚫️ Know the Basics
If you don't fully grasp the fundamentals of betting exchanges, then it's not even advisable to start betting on the platforms. To ensure success, learn about the fundamentals of laying and backing before you attempt exchange betting for the first time. Laying is placing a wager against a result, whereas backing is placing a wager for it to occur. When it comes to strategic betting, knowing when to lay and when to back or place matched bets is essential.
➤ Betting Exchange Sites' Liquidity Compared
Liquidity is the number of funds available to bet on a sporting event or the number of gamers willing to wager on either side of a given market, determined by the bets already placed on the markets and how much the exchange platform accepts as the staking amount.
The available liquidity is below the odds for a given market, which is dynamically updated in real-time as bets are placed and matched. If you risk more than the liquidity, you will not receive the most incredible odds for your stake on an exchange bet, so it is essential to monitor the liquidity levels, especially for popular markets where they can vary quickly.
The volume of liquidity available can significantly influence the user experience on a betting exchange. Increased liquidity translates into more bet chances, better odds, and a higher probability of matching another player's wager. Conversely, low liquidity can lead to increased odds, fewer options for wagering, and longer wait periods for a partner to match your wager.
Different back and lay betting sites in India register varying degrees of liquidity.
| Betting exchange | Welcome Bonus | Mobile Apps | Live Betting | Liquidity |
| 1xBet | 100% First Deposit Bonus up to INR 33000 | Yes | Yes | Most popular with the excellent liquidity |
| Megapari | 100% First Deposit Bonus up to INR 20000 | Yes | Yes | Highest |
| Dafabet | 160% welcome bonus up to INR 16000 | Yes | Yes | High |
| 4rabet | 700% Welcome bonus up to INR 20000 | Yes | Yes | Moderate |
| BC.game | YES | Yes | Yes | High |
| Parimatch | 150% Sports Welcome Bonus up to INR 20000 | Yes | Yes | High |
| Betwinner | 100% First Deposit Bonus up to INR 8000 | Yes | Yes | Highest |
| Fun88 | 250% First Deposit Bonus up to INR 5000 | Yes | Yes | Moderate |
| MarvelBet | NO | Yes | Yes | Relatively Low |
| Mostbet | 125% First Deposit Bonus up to INR 34000 | Yes | Yes | High |
➤ Conclusion
The scenery of online betting by Indians has radically changed with the introduction of the best betting exchange sites in india. Even the most prominent platforms, including 1xBet, Megapari, Betwinner, and Dafabet, not only improve the betting experience for Indian users but also introduce innovative features that change sports betting concepts. These fully customizable platforms also feature a wide array of in-play betting options and an innovative dual-functionality system between backing and laying bets, thus creating a highly dynamic and strategic arena for users to enjoy their favorite events and sports.
On the other hand, customers are reminded that success in the betting exchanges requires a well-balanced approach. Although all these platforms have technological advancements and user-friendly interfaces elevating the overall experience, strategic judgment, disciplined decision-making, and gambling responsibly remain essential to stay ahead. The unwavering success of these Indian betting exchange sites can be attributed to the fact that they offer bettors an engaging and uninterrupted betting space where they can enjoy the much-needed infusion of innovative and exciting prospects as they explore the dynamic landscape of internet sports betting.
❓ FAQs