Best Betting Exchange Sites
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What is a Betting Exchange?
The concept of Betting Exchange eliminates the need for bookmakers. It enables punters to create their own odds and markets and thus increases the chances of winning.
Betting exchange puts the users in focus. It is a market where users can decide their bets and act as bookmakers themselves. This means that punters have the freedom to raise the stakes and also offer odds to someone else, with room for discussion. In simple words, the punters can set odds and bet against each other.
Betting Exchange also allows punters to bet on the outcome of discrete or specific events. Punters also sometimes trade their bets in real-time during an event, to lock in their profits or cut losses. There are, however, very few sportsbooks that offer to trade bets.
Features of a Betting Exchange
Back betting
Back Betting refers to being in favour of a certain and specific outcome only. For example, if a person bets on India winning a cricket match against England, they will win the bet only if India beats England. They will stand nothing to lose should England beat India.
Lay betting
Lay Betting is the exact opposite of Back Betting. When the punter places a bet for the outcome to not occur or the opposite outcome, it is known as Lay betting. For example, if a punter bets that India will not defeat England, they will only win the bet if England wins or the match ends in a draw. In simple words, Lay Betting means betting on something/someone to lose.
In-play betting
As the name suggests, In-play betting refers to bets made in real-time or in-play. These bets can happen when a match or event is in progress. In-play betting takes place in popular sports like cricket, football, basketball, tennis, and others, that are televised worldwide.
Advantages of a Betting Exchange
Reasonable odds
The odds offered in a Betting Exchange are relatively better than odds given by bookmakers. This happens frequently with longshot bets, which are given better odds. For example: In a UCL Final between Bayern Munich against Arsenal, the odds for Arsenal will be higher and lower for Bayern. On the contrary, sportsbooks provide odds that reduce the risk of losing money. Hence, it is better to place odds at betting exchanges as they offer good deals. However, a small commission is taken from the winning bet.
Guaranteed profits
In a betting exchange, one can book profits before an event begins. For example, one bets on Manchester United to beat Liverpool at 2.5 odds. However, before the start of the match, if they find out that the top three players are ruled out of the game, the odds could rise significantly and you can lay off the bet at 5. This way, you can turn your losses into a win.
No penalty for winning
In sports betting, it is very common for bookmakers to ban successful bettors. There are many occasions where punters have been banned due to betting on multiple or all possible outcomes frequently. However, in a betting exchange, there are no such restrictions and punters can be on any or all outcomes of a certain event without the fear of getting banned.
Betting Exchanges FAQs
Betting exchanges that accept Indian Rupees and which are based outside of India are legalfor Indian players.
The main source for betting exchanges to make money is by taking a small commission on winnings. The exact amount varies between exchanges, but it is generally between two and five per cent.
A bookmaker is traditionally the first place a potential punter seeks to bet. Often a person or an organisation, a bookmaker accepts and pays off bets - from their own money - on sporting and other events based on the odds they provide.
On the other hand, a betting exchange is a free market where users can decide their bets and act as bookmakers themselves.
If you are unwilling to take the available odds for a selection in a Betting Exchange market, you can request better odds. You may feel that the odds for a selection will drift and so offer longer odds in anticipation of the price movement. If you are realistic about the odds that you request, your bet may stand a very good chance of being matched.
Betting Sites Review
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Supports Hindi language
Live streaming function of sports matches
Large sportsbook for cricket, football, tennis, basketball, and baseball
24-hour customer support
High returns for bettors
Great reputation
Vast crypto variety with more than 130 cryptocurrencies accepted
Large array of games in the Stake casino section like slots and live dealer games
Instant registration
Safe and secure with Two Factor Authentication (2FA)
No Welcome Bonus for new bettors
Large minimum deposit amounts
No separate mobile app for Stake on Android and iOS
Owned by Medium Rare N.V. and established in 2017, stake.com is one of the most popular crypto sportsbooks in India and across the globe.
A one-of-a-kind Sportsbook, Stake allows you to place various bets on multiple sports like eSports, Virtual Sports, Slots, Live Casino and is considered a leader in the world of sports betting.
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Most popular crypto-focused sports betting platform
Sportsbet.io has a wide range of sports and sports betting markets
It offers exceptional odds, especially for sports such as cricket
Regular promotions for sports betting and online casino games, including an unique loyalty programme that rewards every activity on the platform
Casino section boasts a vast collection of games, ranging from classic table games to an extensive selection of slots. The online betting platform also has several popular games in India, including various versions of Andar Bahar and Teen Patti
Fast deposit and withdrawals with direct conversion of crypto
The site is user-friendly and customer support is also very helpful
Sportsbet.io has an impressive and intuitive user interface for sports betting and casino section
Has a mobile application that allows users to bet on the go
Has no welcome bonus for new players
Lacks betting options for India-based competitions
Indian Rupees is not accepted anymore
Sportsbet.io is a leading crypto-oriented online sports betting and casino sportsbook available to users in India. It is available in many languages like Chinese (Mandarin), English, German, Japanese, Portuguese, Russian, Turkish, Thai, Spanish and Vietnamese.
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Language customization makes it easy to switch the platform's language to Hindi or any other language you prefer, thereby making it more convenient and accessible for users who are more comfortable betting in their mother tongue.
Parimatch not only accepts traditional payment methods but also supports cryptocurrency transactions, offering a modern and secure way to manage your funds.
It provides a wide range of betting choices specifically for the Indian T20 League and other high profile cricket tournaments to ensure that cricket enthusiasts have plenty of options to engage with their favourite sport.
Generous welcome bonuses mean new users are greeted with a substantial welcome bonus that gives a significant boost to start their betting experience.
Round-the-Clock customer support that offers 24/7 availability, ensuring that help is always there whenever you need assistance, regardless of the time.
Trustworthy and reliable platform having built a strong reputation as a highly secure and dependable betting platform that gives users peace of mind while they enjoy their betting experience.
No statistics for past events are available, meaning that bettors need to do their own research elsewhere before punting on Parimatch.
Parimatch is a leading global platform for sports betting and online gambling, including in India. It offers numerous advantages like a wide range of payment methods popular in India, a low minimum deposit of 200 INR and extensive live betting options on sports like cricket, football and more.
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Enjoy live betting options enhanced with real-time match tracking on a virtual field that gives you an immersive betting experience.
Generous welcome bonuses that reward your first three deposits, giving you extra value as you start your betting journey.
Seamlessly make payments and place bets in Indian rupees, offering a convenient and localised experience for Indian users.
VIP customers receive special bonuses and tailored financial terms, making their experience even more rewarding.
Benefit from advanced firewall protection, comprehensive client identity security and rigorous verification protocols to ensure your account's safety.
The platform enforces a rigorous and stringent KYC policy that demands extensive personal information from users.
When addressing issues with customer support, the complaints process must adhere to a specifically structured format, which can be restrictive for some users.
10CRIC was established in 2012 following the acquisition of its Curacao e-Gaming licence, marking the start of its expansion in the Indian sports betting market. Since then, 10CRIC has continuously introduced innovative features to offer customers a diverse array of tools for betting on events like the Indian T20 League, UEFA competitions in football, WTA for tennis and other major leagues across sports.
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A relatively new bookmaker, Megapari was established in 2019 and it comes with a Eastern European background and a Curacao license. The players can register easily via email, phone verification or social media. Megapari is known to provide competitive odds alongwith 300+ extra bets on top events, live streaming and near-instant withdrawals. Megapari has a mobile app for Android and iOS.
The site offers bets on cricket, football, ice hockey, biathlon, baseball, boxing, table tennis, snooker, cycling, water polo and many other sports encompassing all major events.
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Versatile sports betting markets - BC.Game’s large variety of sports to choose from to bet on and betting options is a big plus. You can opt for simple bets on any sport or even go for more detailed live bets, making it a platform for all types of betting fans.
Various promotional offers - Newcomers can get welcome bonuses while regulars have the option to use cashback deals, reload bonuses, and more.
Withdrawals via crypto only - BC.Game provides users top crypto options like Ethereum, Bitcoin, and Litecoin to choose from, making it perfect for crypto enthusiasts to use.
Fast withdrawals and deposits - Making money on BC.Game can be rapid primarily because there’s hardly any lag time between withdrawals and deposits when starting to play a game or while receiving your money after a win.
Stunning UI and graphics - The website’s neat and classy look draws in users. It has a sharp and contemporary look that makes navigating through the site an effortless task for users,
24/7 customer support - Assistance and customer support is provided all day, every day, and throughout the year on BC.Game. You can choose to use their live chat feature or email them, both of which come with prompt and quick responses to enable fast resolutions to issues or queries.
Limited traditional payment methods with only crypto options - While this site is a dream for crypto lovers, it might not be the same for others who prefer regular cash. Hence if digital cash isn’t to your liking, it’s worth noting that withdrawals or deposits aren’t possible with regular money.
No live streaming - While some websites allow you to live stream the sport you are betting on, BC.Game doesn’t have this option yet. That said, news and live stats on the game you are watching are up to date to keep you abreast with the action.
High wagering requirements - Even though you get exciting bonuses, BC.Game’s high wagering needs may not be for everyone. The site could at times ask you to place high bets before you get the opportunity to win big and take home winnings you get with bonus money.
One of the most prominent and well-known crypto casinos and sportsbooks today, BC.Game was founded in 2017 and got its Curacao Interactive License in 2021.
Among the more popular and favourite sportsbooks for the Indian audience, it offers users several great bonuses while coming with unique features as well as an easy to navigate interface.
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4Rabet has a wide range of odds in the sportsbook for betting enthusiasts to scrutinize before betting
It is great for live betting options thanks to the large variety it has on display
It is one of the best sports bonuses in India and has a minimum deposit of INR 350
Available in numerous Indian languages, including Hindi, Bengali, Telugu, Tamil, Marathi, Kanada, Urdu
The live chat support is not the best and can be improved for better customer satisfaction
The wagering requirements are a little strict and needed to be adhered too
Comfortably one of the most famous and well optimized betting sites for Indian users, 4Rabet is a top quality sportsbook that comes with a wide array of online casino games. The 4Rabet app features a full section completely dedicated to its superior live betting options, ranging from cashouts to live stats and live streaming, more.
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1win offers customers not only betting on cricket and dozens of other sports, but also playing slots, table games and other popular entertainment in the online casino section.
While making the first deposit, 1win offers one of the biggest bonuses in the industry
1win has an impressive sportsbook layout, including different versions for mobile and desktop site
It has a low minimum deposit amount of INR 300
The 1win mobile app is available on both Android and iOS devices
1win has a Curacao licence, which means it is a safe and trustworthy betting platform for the Indian players
The site can be viewed in more than 15 languages
1win offers Indian-friendly payment methods including UPI, IMPS, PaytM, Google Pay
It also accepts cryptocurrency
The website is very user-friendly and customer support is also very helpful
Sports like kabaddi and horse racing events are not listed
Withdrawals can take up to 12 hours
1win is one of India’s most reputable bookmakers for sports betting and online casino games.
Founded in 2016, 1win was launched under the name, FirstBet, but was later restructured and rebranded to the current name in 2018.
The relatively young betting platform has gained huge popularity and good reputation in a very short period of time.
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Simple interface, clear navigation, fast loading
The line represents the main sports
Deep painting and good odds
Bets on Esports events are accepted
First deposit bonus up to $300
Promotions by personal promo code
Prompt technical support: online chat, hotline, email
Mobile applications for iOS and Android
Delays in transferring funds
A small selection of online broadcasts are Live
Lack of sports statistics
Established in 2009 with its headquarters in Cyprus, Mostbet is a highly reputed betting company that allows you to make all kinds of bets in various different types of sports, including esports.
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Abundant sports betting options
Multilingual 24x7 chat assistance
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New to the crypto-betting market
Vave is an emerging cryptocurrency-based sports betting and casino website. Despite it being a new platform, the bookmaker offers a seamless experience to the modern bettor.
Vave offers a comprehensive sportsbook, a substantial selection of slots and live dealer games, and exclusive casino titles.
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