Betting Exchange Sites in India
As the Indian online sportsbook industry keeps rising in popularity, punters are looking forward to finding new ways to experience sports wagering, which is why they started resorting to betting exchange sites in India. That is what we are going to explain in this article. We’ll be taking a look at what a betting exchange represents, how can you find the best bet exchange, tips and tricks, and so on. Let’s start diving into the details.
Best Betting Exchange Sites for Indian Bettors
We are going to start off by listing the best betting exchanges in India. We are well aware of the fact that finding the best online betting exchange can take a lot of your time as you are required to do massive research.
Personal preferences are always taken into consideration, and in many cases, it can take a while before you are able to find your perfect match. We decided to help you in that quest by listing the top-ranked sports betting exchanges below.
If you are wondering how we rank betting exchanges, the answer is that we see what the betting exchanges offer and then take these features into consideration. First off, we check the reliability and security of the online sports betting exchange to see whether it is safe for you to register there.
Then, we check what are the available online betting options in terms of odds, betting markets, etc. Since some of the most popular sports in India are cricket, football and horse racing, the betting site will gain a lot of points.
Promotions are also a massive bonus, and if the exchange betting platform features them, we definitely rank it higher. Next up, it is vital for these types of online betting platforms to be easily reached by players, which is why we always see what are the available options of contacting the customer support team.
Not only that, but we see how responsive the representatives are and whether their answers provide us with decent solutions to our problems.
Other Extra Features
Apart from the general features that we mentioned above, we check how easy it is for players to register and place bets on the featured sports. All top betting exchanges should provide players with easy access, and that brings a lot of extra points.
Considering the fact that the main goal of all betting exchanges is to place bets, we put a major emphasis on the bets and odds. Apart from checking how easy players are placing bets, we also see what are the available betting options, meaning whether players can place lay bets, straight bets, whether they can participate in live betting activities, etc.
Odds also play a big role. Higher odds lead to better rewards on winning bets, which is something that is always welcomed by players.
The last two features that we always check are mobile optimization and featured payment methods. Mobile betting is one of the most recent trends in the betting industry, and every traditional bookmaker and betting exchange should be able to provide you with the best betting experience on your mobile phone.
Most exchanges these days utilize the latest HTMl5 technology, but a few betting exchanges have gone a step further and have developed special online betting apps better the mobile betting experience.
Finally, every Indian betting exchange should feature convenient deposit methods so that punters will be able to transfer funds to their accounts and place real money bets. The more methods are featured, the better.
Apart from checking the available methods, we also see how fast the transactions are and whether fees are charged or not.
Betting Exchange Explained
Now that you know what are the best online betting sites in india, it is time to go back to basics and explain what a betting exchange is and how it differs from a traditional betting site. Let’s start by expanding on traditional bookmakers.
Traditional bookmakers are a type of betting site where you participate in online gambling activities, in this case wagering on sports, against the sportsbook itself. Let’s say that you are into cricket betting and want to place bets on the Mumbai Indians. When you wager on the Mumbai Indians to win, you are wagering against the traditional sportsbooks and here’s why.
If you lose the bet, the sportsbook keeps the money that you wagered, but if you are winning real money from the bet, the sportsbook pays them off. On the flip side, a betting exchange is essentially betting against other players.
Unlike traditional bookies, the betting exchange does not make a profit from your wagers. The only profit that they make is from the commissions, which they make from Indian punters who are facilitating bets.
Do Betting Exchanges Accept Indian Rupees?
Apart from featuring numerous payment methods such as credit and debit cards, e-wallets, Google Pay and bank transfers, betting exchanges offer a certain amount of currencies. The big question here is whether they deal with Indian rupees.
The answer really depends on the exchange betting platform. Sports betting exchanges that have a major focus on India and its most demanded betting markets feature the country’s native currency. However, many of the top-ranked betting exchanges operate globally, meaning that they need to cater to the global population. Hence, they might not accept the rupee. Instead, they deal with currencies such as:
- US dollar
- NZ dollar
- CA dollar
But it is worth noting that even if the best betting exchanges do not accept sports betting with Indian rupees, that won’t be a problem as Indian punters can easily convert the winnings.
How to Start With Betting Exchange?
Since we figured out what exchange betting is and how do we help you find the best betting exchange, it is time to see how do you start laying bets on these platforms. With that being said, we’ve listed and explained all the steps that you need to take in order to gain access to all the betting options on these platforms.
Step 1 – Register at a Betting Exchange
Your betting journey starts with registering an account at the chosen betting exchange. The process of registering is extremely simple. You just access the exchange’s official website and click on the registration button.
Then, you fill out the required fields with the required information such as:
- First and last name
In the end, all you have to do is accept the terms and conditions and confirm that you are of legal age to participate in pre-game betting and live betting activities.
Step 2 – Verify Your Account and Deposit Funds
A majority of betting exchanges will ask you to verify your account after you’ve registered. This is an important step because the betting exchange will not let you deposit or withdraw funds until you’ve completed it.
The good news here is that verifying your account is very simple and will take a minute of your time. Most betting exchanges verify players via one of three ways:
- They require you to send photos of your ID and/or bills
Whatever the case may be, Indian punters will be provided with a guide on how to successfully verify your account. When the process is finished, you can proceed to selecting your chosen method and depositing money into your account.
Each deposit is instant, and most betting exchanges do not charge Indian punters with any fees.
Step 3 – Claim the Featured Welcome Bonus
One of the best features about every regular bookmaker and betting exchange is that usually offer a welcome bonus to newly registered players. Once you make your first deposit at betting exchanges, you will instantly be able to claim the welcome bonus.
However, you should be mindful of the terms and conditions of the bonus itself. Every bonus, including the welcome offer, at betting exchanges have T&Cs that you need to meet to reap its benefits. Some of the terms and conditions include:
- Minimum deposit
- Wagering requirements
- Bonus validity
- Eligible payment methods
- Available markets
Wagering requirements are especially important as they tell the amount that you need to wager before you can withdraw your winnings. If they are set at x35, that means that you need to multiply your deposit amount with the wagering requirements to see the amount that you need to roll over before you can withdraw winnings from that bonus. Moreover, that needs to be done within the bonus validity period.
Available markets also play a role. Some welcome bonuses may restrict Indian punters to football betting only. So, if you are a fan of cricket and want to participate in cricket betting, you will not be able to use the bonus in that category.
Step 4 – Bet Against Other Players
The final step of the process is betting against other players. At betting exchanges that accept Indian players, you have two options – a lay bet and a back bet. If you back your bet, that means that you are confident of the outcome of the event that you are wagering on. Back bets are also known as matched betting.
On the other hand, a lay bet means that you do not believe that a certain outcome of the event will occur. Arbitrage betting is also an option at betting exchanges. This bet type is essentially wagering on both outcomes. You are betting on the Mumbai Indians to win and to lose.
But it may take you some time to find an arbitrage opportunity and learn how to use it in the best way possible. Furthermore, lay bets and back bets have far better odds.
Is Betting Exchange More Popular in India
As you can see, betting exchanges are extremely entertaining, and they have the best odds. That is the reason why they managed to sky-rocket in popularity, but there is a major question to be answered here – are betting exchanges more popular in India?
The answer is yes. Indian punters are more than open to registering at a betting exchange to place bets against other players. Not only that, but thanks to the fact that these platforms have better odds than any regular bookie, they can provide players with extremely decent rewards.
The betting experience here is unlike anything else, and that is what makes them so intriguing. After all, you don’t get a chance to test your skills and knowledge of a certain sport and use them to outsmart other Indian punters or any other punter from around the world, for that matter.
Even though standard online sportsbooks remain the most popular choice of Indian punters, there’s no denying the fact that betting exchange platforms have made significant progress and have a decent share of the market.
Pros and Cons of Betting Exchange Sites
Of course, the goal of this piece on betting exchanges is to provide you with all the information on these platforms, and that includes listing their advantages and disadvantages. With that being said, let’s check out the pros and cons.
Pros of Betting Exchange Platforms
One of the biggest advantages of betting exchanges is the fact their odds are extremely high, meaning that you will be able to get decent rewards. Not only that, but the overall betting experience is quite unique.
Unlike standard online sportsbooks, betting exchanges allow you to test your knowledge against other Indian punters, and that makes the process entertaining and fun. Not only that, but their services are simple to use. As we mentioned earlier, you can bet on three possible outcomes:
They are super-easy to understand, and you’ll get the hang in no time. Arbitrage betting opportunities may be a bit more complicated to figure out, but that’s not a big deal.
Finally, Indian punters can rest assured knowing that they can access them at any time and place since betting exchanges are fully optimized for mobile use.
Cons of Betting Exchange Platforms
On the other hand, one of the advantages of betting exchanges in India is also connected to the only con of these platforms. Many Indian punters like to be flexible with their choices by having numerous bet types at their disposal.
That includes having various in play betting options as well as other bet types on pre-game bets. Not only that, but sportsbooks have come up with the so-called hybrid approach in the recent period. Going hybrid means that apart from providing players with betting services, sportsbooks also offer standard casino games and live casino games.
Research shows that Indian players are very open to playing these games online. Considering the fact that the Public Gambling Act of 1867 does not have any specific regulations on this industry, foreign sites are more than welcome to provide Indian players with their services. The Indian government hasn’t even formed a gambling commission that will oversee the online casino market.
Popular Tricks and Tips for Betting Exchange Bettors
Before we close things off, let’s take a look at some popular tips that are definitely worth knowing if you are thinking of registering at a betting exchange. The tips will help you have the most entertaining and unique betting experience, so let’s check them out.
|Bet Rationally, Not Emotionally||This is a general rule when placing any bet, not just at a betting exchange. You should never let emotions take over the quest of winning real cash. It is scientifically proven that emotional decisions lead to mistakes, and that is something that Indian punters do not want to experience.|
|Use Bonuses and Promotions to Your Advantage||As we mentioned earlier, different exchanges offer different types of bonuses and promotions as part of their matchmaking service. Make sure you use these bonuses and promotions to boost your rewards when placing a bet. There are countless betting offers at your disposal, including free bets and no deposit bonuses. One thing that you should keep in mind here is that bonuses and promotions at every betting exchange come with terms and conditions that you need to meet.|
|Register and Bet at Secure Betting Exchanges Only||Since every online betting activity is not regulated in India, there are a lot of scam sites operating in the region. These fake wagering exchange platforms in India offer services that are just too good to be true. Make sure you pay attention to the details and register at an exchange site that is licensed and secure.|
Betting Exchange Sites vs Sportsbooks in India
As with normal sportsbooks, betting exchanges sites in India are a great choice for any punter. But you might be wondering what makes any of the two types of betting platforms worthwhile. Well, your choice will mostly be influenced by the kind of experience you want. The main feature of a betting exchange is the option to lay bets besides placing normal bets. However, there are other important things you should known before you decide to join one. Find out more in the following comparison.
|Placing Bets||Betting exchange sites in India make it possible for sports punters to bet against each other while online sportsbooks allow punters to bet against the bookie.|
|Commissions||Punters are required to pay commission on their winnings when placing bets at Indian betting exchanges. Sportsbooks, however, don’t charge a commission, so all the winnings are yours to keep if your prediction is correct.|
|Dynamic Odds||The odds at betting exchanges are set by users, so bettors can influence them. On the other hand, sportsbooks set their betting odds, so bettors have no say over the odds.|
|Competitive Odds||Indian betting exchange sites tend to offer more competitive odds than traditional bookmakers. However, the betting odds offered by online bookies are generally lower than the odds offered by betting exchanges.|
|Different Roles||Betting exchanges allow you to lay a bet, meaning that you can act as the bookmaker. Normal sports betting sites will allow you to back the winner.|
Apart from being in love with online casino gaming, Indian players are also fans of placing bets on sports and most recently, they proved to love betting exchange platforms. These sites offer a rather unique betting experience, and thanks to the fact that their odds are fantastic, Indian punters can expect decent winnings.
Our team was able to do the hard work for you, so if you are planning on registering at a certain betting exchange site, you can always take a look at our list to see the top-ranked operators in India. These betting sites are known for providing the best odds on the market, they accept local payment methods such as Google Pay and UPI and have tons of bonuses and promotions in store.
Betting exchange platforms are always good to try out as they have a pretty unique system where you bet against other Indian punters.
We are going to close things off with a good-old FAQ section where we will list some of the most commonly asked questions concerning betting exchanges and answer them in the tiniest detail to make sure that Indian punters are well-informed on this topic. Let’s check the questions below.