Betting Exchange Explained & India Betting Exchange Sites

When we talk about online sports betting, the first thing we think about is the traditional style, where the bookmaker defines the terms and fees that are paid for hitting. However, there is an alternative that directly confronts the predictions of bettors. We talk about betting exchanges.

Sometimes we may think that we will be unable to beat the bookmaker in its analysis to set the odds, and thus we come to the conclusion that beating is not easy at all. As an alternative, there are betting exchanges.

What Is A Betting Exchange?

In recent years, the world of betting has been enriched by the arrival of betting exchanges. While in a traditional bookmaker, the bettor crosses his bet directly against the house, in a betting exchange, the bettor crosses his bet against other bettors. The betting exchange plays a passive role in choosing the odds and the amounts to bet, being the bettors themselves who decide them by mutual agreement.

Due to its role as an intermediary, the exchange charges a commission to the winner of the bet, which oscillates around 5% of the net winnings. The bettor who loses his bet does not pay any commission. The traditional betting sites and the exchanges offer the bettor two differentiated alternatives, but by no means exclusive.

Online Sports Betting And Betting Exchange Sites

The difference between exchange betting and traditional bets is in the role that the bookmaker has in them. In exchange bets (or crossed bets, or betting exchange) the bookmaker acts as a mere intermediary between the different bettors in exchange for a commission.

Meanwhile, traditional online sports betting sites set odds for sporting events, and the various bettors place a bet against the chosen odds of the house in question.

The biggest advantage of exchange betting are the odds. Since we are facing another user and not the bookmaker, it is easy to get high odds.

For this reason, in the case of winning, the profits can be higher than when competing against the house. They are also attractive to experienced players who can create their own games.

Exchange Betting Sites

• Dafabet
• Crickex
• Fun88
• Sky Exchange

How Does Betting Exchange Work?

One bettor places a bet, and another accepts it. Step by step, it would be like this:

A user of the bookmaker creates a counter bet with certain odds, which he considers appropriate.

This user, who is the one who launches the bet, is called “Layer”

The Layer chooses the maximum amount that can be bet and waits for someone to accept the betting fee.

Another user accepted the opposite with the fee that had been specified and the amount that he considered. This is called “Backer”.

In these cases, it is the Layer who takes on the role of the traditional bookmakers, and it is he who has to calculate the possibilities of each opponent to offer an attractive betting odd so that it is attractive to the rest of the bettors. as long as it does not pose much risk to him.

Advantages Of Betting Exchange Sites

• Odds: The commissions of a betting exchange in India are lower than those corresponding to a traditional house, which translates into odds that are usually higher than those offered by traditional bookmakers.
• Limits: The exchanges do not restrict in any way the amounts to bet or the amounts that can be won in each bet. On the contrary, the higher the amounts bet, the higher the commission that the exchange will take.

Disadvantages Of Betting Exchange Sites

• The greater risk assumed by the layers: It requires more expertise.
• Commissions for the layers by the bookmaker (around 5% of the profits)
• Types of bets: The variety of bets available to the bettor is less in an exchange house than in a traditional house. For example, it is not possible to make combined or system bets.
• Liquidity: Although the exchange does not directly limit the amount to bet, it depends on the offers of the users.

Possible Betting Odds on Betting Exchange Sites

Any sports bet implies an agreement between two parties. One of the bets in favour (back) and the other against (lay) a certain result. The back and the lay, although they are terms popularized since the advent of exchange houses, have always existed. In a traditional house, the bettor always bets “in favour” of a certain.

Betting Exchange Offers

Betting exchanges are a very fun and creative way to bet online as they give you the opportunity to propose your own bet or accept another bettor’s without any limitations. Below you can see the details of the exchange offers.

Betting Bonuses

If you are planning to enter the world of online betting, you should know the advantages that you can take advantage of. The different bonuses offered by these platforms give you the opportunity to start on the right foot in this betting exchange industry.

The most popular betting bonus is the welcome bonus. Before you choose the best betting exchange in India, you can compare their bonus offers.

Diverse Betting Options

Betting exchanges offer such a variety of events to carry out betting exchanges that, in many cases, bettors do not have time to create their own bets and continue having fun.

Gambling has to be something fun, and if a bookmaker offers many gambling possibilities, the chances of getting bored and falling into a routine will be minimal.

Mobile Access

It is very important that the betting exchange system works correctly on mobile phones, even better if it has a betting exchange app since cricket exchange betting app is currently the preferred device for a good number of bettors.

Security must also be taken into account and it is something that betting exchanges do not skimp on since user data is protected with the highest level of technological security.

Various Payment Methods

Betting exchanges offer a variety of payment methods, fast and easy to deposit and withdraw money. The duration of the transfers depends on the payment method, but best of all is the security they offer their users.

The options are quite varied, now, all you have to do is do your own research, analyze your personal situation and decide which betting exchange is the best for you to trade bets.

How To Use Betting Exchange Sites

Placing a bet in a betting exchange is similar to betting on a betting site, with the difference that the user can bet both for and against a result. In addition, there is the possibility of both matching the bets that other bettors have offered and of proposing your own bets and waiting for other users to match them. You can follow the next steps to bet on a betting exchange sites.

Sign Up

First, you need to create an account on a betting exchange. You can find the best betting exchange sites in India by comparing their offers. After finding the right one for you, you can simply create an account.

Deposit Money

After completing the account opening, it is necessary to place funds to bet. That is, making a deposit on the platform to have money to finance your bets. You should choose one of the betting exchange sites which offers your favorite payment method.

In order to know all the payment methods and their processing times, in addition to the minimum and maximum limits per transaction, consult the website.

Claim Bonus

If it is necessary to enter a promotional code to claim a bonus, do not hesitate to do so to take advantage of the welcome promotions. You can claim your bonus during the registration or after the registration. It depends on the website.

Place Bets

The next point on how to bet on the exchange is to select your bet. You can bet on the victory of a team or player “Back”. You can also bet on the tie or the defeat “Lay”.

How To Bet On Betting Exchange Sites

The key to betting on the exchange site is that users can bet for or against something happening, while on the sportsbook, they can only contribute in favour. The famous exchange betting options the next ones.

Back Betting

Back is a term used in exchange bets to express the action of betting in favour of something. «Back» comes from the possibility of betting in those bookmakers for or against something happening. It is the opposite term of Lay. Back indicates to bet in favour and Lay against.

Lay Betting

Lay is a common term in exchange betting that is used to define the act of betting against an outcome. Making a Lay to a football team, for example, means betting against them going to win. You can lay both teams or tie.

In-Play Betting

In-Play betting is a betting type that allows us to get the most out of our money. There is no need to wait for the game to start to bet, we can make our exchange bets during the course of a game.

FAQs