The betting exchange revolution has brought about a sea change in the industry, offering freedom and competitive odds for punters to bet against each other. Choosing the best exchange is crucial for a risk-free, enjoyable, and successful experience.
This guide will discuss the top betting exchanges in 2024 for India, focusing on their features, benefits, and advantages.
Start your winning journey today!
Top Betting Exchange Sites
-
Pros and cons
- Offering a large selection of cricket markets, covering both domestic and international matches
- An intuitive user interface that is appropriate for novice and expert gamblers.
- Enhances the thrill of in-the-moment gambling by offering live betting options.
- No dedicated mobile app.
- Limited promotional offers.
-
Pros and cons
- Covers a variety of sports and events in addition to cricket.
- Mobile betting is easy with a mobile-friendly website and app.
- Offering one of the highest odds in the market with comparatively cheap commission rates, this provider has high odds and low commission.
- Limited customer support options.
- Fewer sports markets compared to top competitors.
-
Pros and cons
- Offers a large range of sports and betting markets.
- Known for providing excellent odds and an extensive selection of betting options.
- Allows people to watch and bet on sports events simultaneously by providing live streaming.
- Withdrawal process can be lengthy and complicated.
- Numerous country restrictions and licensing concerns.
-
Pros and cons
- Covers a wide range of sports, including events that are popular and unique.
- Betting is made simple with an easy-to-use interface.
- Known for providing competitive odds and a range of extra bonuses.
- Restricted access in several countries.
- Basic live betting features with limited options.
-
Pros and cons
- Focuses on sports that are popular in India, such as field hockey and cricket.
- Offers a variety of payment methods to suit Indian users.
- High odds and a variety of bonuses.
- Lacks a dedicated mobile app for betting.
- Limited promotional offers and bonuses.
Chapter 1
CRICKEX
In this section, you will learn:
• What kind of welcome bonus does CRICKEX offer?
• The main advantages and disadvantages of the bookmaker;
Let’s find out!
Rating: 4.5/5
CRICKEX is a leading betting exchange that specializes in cricket and caters particularly to Indian gamblers. The site is well-known for its user-friendly layout, attractive odds, and extensive cricket betting options.
Advantages:
- Offering a large selection of cricket markets, covering both domestic and international matches
- An intuitive user interface that is appropriate for novice and expert gamblers.
- Enhances the thrill of in-the-moment gambling by offering live betting options.
Disadvantages:
- No dedicated mobile app.
- Limited promotional offers.
Welcome Bonus: 35% sports reload deposit bonus up to ₹5,000.
| Feature | Details |
|---|---|
| Feature | Details |
| License | Curacao |
| Platforms | Web, Android, iOS |
| Commission | 2% on winning bets |
| Payment Methods | Net Banking (IMPS/NEFT), Google Pay, Paytm, ATM or cash deposit, UPI, Skrill, Neteller, Bank Transfer |
Chapter 2
1WIN
In this section, you will learn:
• What kind of welcome bonus does 1WIN offer?
• The main advantages and disadvantages of the bookmaker;
Let’s find out!
Rating: 4.0/5
1Win is a new betting exchange that has quickly gained popularity in India. Known for its generous welcome bonus and user-friendly website, 1Win provides a wide selection of sports and betting markets.
Advantages:
- Covers a variety of sports and events in addition to cricket.
- Mobile betting is easy with a mobile-friendly website and app.
- Offering one of the highest odds in the market with comparatively cheap commission rates, this provider has high odds and low commission.
Disadvantages:
- Limited customer support options.
- Fewer sports markets compared to top competitors.
Welcome Bonus: New users can benefit from a generous welcome bonus, which include a 500% match on the first deposit, along with free bets and promotions.
| Feature | Details |
|---|---|
| License | Curacao |
| Platforms | Web, Android, iOS |
| Commission | 3% on winning bets |
| Payment Methods | UPI, Google Pay, Visa, Mastercard, PhonePe, Bank Transfer, BHIM, Skrill, Neteller, RuPay, Cryptocurrency |
Chapter 3
1XBET
In this section, you will learn:
• What kind of welcome bonus does 1XBet offer?
• The main advantages and disadvantages of the bookmaker;
Let’s find out!
Rating: 4.5/5
1xBet is a well-known name in the betting sector, offering a reliable exchange platform with a diverse selection of sports and markets. The platform has been praised for its excellent user experience and significant benefits.
Advantages:
- Offers a large range of sports and betting markets.
- Known for providing excellent odds and an extensive selection of betting options.
- Allows people to watch and bet on sports events simultaneously by providing live streaming.
Disadvantages:
- Withdrawal process can be lengthy and complicated.
- Numerous country restrictions and licensing concerns.
Welcome Bonus: A 120% match bonus up to $392 is offered by 1XBET on the initial deposit. For regular customers, there are also ongoing promos and encouragement offers.
| Feature | Details |
|---|---|
| License | Curacao |
| Platforms | Web, Android, iOS |
| Commission | 2% on winning bets |
| Payment Methods | UPI, Google Pay, Jeton Wallet, Netbanking, Neteller, Paytm, PhonePe, Skrill. |
Chapter 4
MOSTBET
In this section, you will learn:
• What kind of welcome bonus does Mostbet offer?
• The main advantages and disadvantages of the bookmaker;
Let’s find out!
Rating: 4.2/5
Advantages:
- Covers a wide range of sports, including events that are popular and unique.
- Betting is made simple with an easy-to-use interface.
- Known for providing competitive odds and a range of extra bonuses.
Disadvantages:
- Restricted access in several countries.
- Basic live betting features with limited options.
Welcome Bonus: On their initial deposit, new members at MOSTBET may take advantage of a 125% up to 34,000 + 250 Free Spins bonus in addition to extra promotional offers and free bet opportunities.
| Feature | Details |
|---|---|
| Feature | Details |
| License | Curacao |
| Platforms | Web, Android, iOS |
| Commission | – |
| Payment Methods | Net Banking (IMPS/NEFT), Google Pay, Paytm, ATM or cash deposit, UPI, Skrill, Neteller, Bank Transfer |
Chapter 5
INDIBET
In this section, you will learn:
• What kind of welcome bonus does INDIBET offer?
• The main advantages and disadvantages of the bookmaker;
Let’s find out!
Rating: 4.1/5
Advantages:
- Focuses on sports that are popular in India, such as field hockey and cricket.
- Offers a variety of payment methods to suit Indian users.
- High odds and a variety of bonuses
Disadvantages:
- Lacks a dedicated mobile app for betting.
- Limited promotional offers and bonuses.
Welcome Bonus: INDIBET offers new players a 200% welcome bonus of up to ₹10,000. There are also bonuses for referrals and current promotions.
| Feature | Details |
|---|---|
| License | Curacao |
| Platforms | Web, Android, iOS |
| Commission | – |
| Payment Methods | Net Banking (IMPS/NEFT), Google Pay, Paytm, ATM or cash deposit, UPI, Skrill, Neteller, Bank Transfer |
Chapter 1
Comparison of Exchanges
In this section, you will learn:
• Comparison of exchanges by rating, license, platform, commission, welcome bonus and payment methods.
Let’s find out!
The following table compares the essential elements of each exchange, offering a clear and comprehensive overview:
| Feature | CRICKEX | 1Win | 1xBet | 1xBet | Indibet |
|---|---|---|---|---|---|
| Rating | 4.5/5 | 4.0/5 | 4.5/5 | 4.25/5 | 4.0/5 |
| License | Curacao | Curacao | Curacao | Curacao | Curacao |
| Platforms | Web, Android, iOS | Web, Android, iOS | Web, Android, iOS | Web, Android, iOS | Web, Android, iOS |
| Commission | 2% | 3% | 2% | 3% | 2% |
| Welcome Bonus | 35% bonus up ₹5,000 | 500% match on the first deposit | 120% bonus up to $392 | 125% up to 34,000 + 250 Free Spins | 200% up to ₹10,000 |
| Payment Methods | Net Banking (IMPS/NEFT), Google Pay, Paytm, ATM or cash deposit, UPI, Skrill, Neteller, Bank Transfer | UPI, Google Pay, Visa, Mastercard, PhonePe, Bank Transfer, BHIM, Skrill, Neteller, RuPay, Cryptocurrency | UPI, Google Pay, Jeton Wallet, Netbanking, Neteller, Paytm, PhonePe, Skrill. | Net Banking (IMPS/NEFT), Google Pay, Paytm, ATM or cash deposit, UPI, Skrill, Neteller, Bank Transfer | Net Banking (IMPS/NEFT), Google Pay, Paytm, ATM or cash deposit, UPI, Skrill, Neteller, Bank Transfer |
Chapter 2
How to Choose a Betting Exchange App?
In this section, you will learn:
• What to look for when choosing a betting exchange mobile app.
Let’s find out!
Betting exchanges provide a unique approach to placing bets, enabling users to both lay and back them. Mobile betting exchange applications make it easy to place bets at any time and from any location. When choosing a betting exchange app in India, consider the user interface, available markets, customer support, and payment methods.
Chapter 3
Best Betting Exchange Apps in India
In this section, you will learn about best betting apps.
- CRICKEX App: Provides a specialized app for Android and iOS that provides a streamlined betting experience based on cricket.
- BETFAIR App: Known for its dependability and comprehensive sports markets, it is available on both Android and iOS.
- 1Win App: Known for its appealing welcome bonus and user-friendly layout, it is accessible on Android and iOS.
- 1xBet App: Provides a powerful platform with a wide range of sports markets, available on both Android and iOS.
- Mostbet App: Available on Android and iOS, this app offers a wide range of betting options and has an easy-to-use layout.
- Indibet App: Available on Android and iOS, this app focuses on cricket and other sports and provides exceptional customer assistance.
Differences between Betting through Mobile Apps and Web Versions
| Feature | Mobile App | Web Version |
|---|---|---|
| Accessibility | Available anytime, anywhere | Requires desktop or laptop |
| User Interface | Optimized for touch screens | Detailed interface with more features |
| Notifications | Push notifications for updates and bets | Email or web notifications |
| Performance | Faster and more streamlined | Depends on internet speed and browser |
| Convenience | High, due to portability | Moderate, requires stationary setup |
Chapter 4
Best Back Lay Betting Apps
In this section, you will learn:
• What are the best Back and Lay Betting apps to choose?
• What exactly are the advantages of these apps?
Let’s find out!
Some apps provide great back and lay betting capabilities and user experience. Here are our top picks for the best back and lay betting applications in India.
- BETFAIR: Known for its broad market reach and low-cost commission fees.
- 1xBet: Offers an extensive range of sports markets with competitive odds.
- CRICKEX: Specializes in cricket and offers customized service for cricket bettors.
- 1Win: With generous benefits and an easy-to-use platform, it’s emerging as a serious challenger.
- Indibet: Cricket is the primary focus, with good customer care and competitive odds.
Chapter 5
Top Back and Lay Betting Sites in India
In this section, you will learn:
• What are the best Back and Lay Betting sites to choose?
• What exactly are the advantages of these sites?
Let’s find out!
Betting exchanges have transformed the betting scene by allowing punters to compete against each other, providing greater freedom and typically better odds than conventional bookies. Here are the best websites for back and lay betting in India:
CRICKEX
Specializes in cricket betting, offering competitive odds and a user-friendly interface.
BETFAIR
Globally renowned for its huge sports markets and inexpensive commission rates.
1xBet
Provides a sophisticated platform with a diverse selection of sports markets and competitive odds.
1Win
Known for its generous welcome bonus and diverse betting possibilities.
Indibet
Offers exceptional customer service and a specific cricket betting platform.
Chapter 6
Best Cricket Betting Exchanges in India
In this section, you will learn:
• What are the most popular cricket championships in India?
• What is one of the most profitable strategies for IP betting?
Let’s find out!
Cricket is the most followed sport in India, and betting markets offer niche options for cricket punters. The best approach is to research the market, keep an eye on the teams, and take advantage of live betting when the opportunity arises. For example, you might back a team before the game starts and lay the same team when the odds fall—this can result in a risk-free profit regardless of the outcome.
The most popular cricket championships in India are the Indian Premier League (IPL), Ranji Trophy, and Syed Mushtaq Ali Trophy.
- IPL is the best Twenty20 league in the country, featuring the world’s top cricket players, and boasts massive viewership. This championship is among the best in cricket.
- The Ranji Trophy is a first-class cricket competition held in India, comprising teams representing states and regional groups.
- The Syed Mushtaq Ali Trophy is now a domestic show that primes voyaging talent and is very important for players trying to land an IPL contract.
Profitable Betting Strategy: In-Play Betting on IPL
One of the most profitable strategies for betting on the IPL is in-play betting. By watching the match, a punter can gauge the momentum or form of a team or player. For instance, if the chasing team has a strong batting lineup and the target is within reach, this could be a great opportunity to make money, as T20 dynamics often favor the batting team in the latter stages.
Chapter 7
Best Football Betting Exchanges in India
In this section, you will learn:
• What are the most popular football championships in India?
• What is the most profitable betting strategy?
Let’s find out!
With the right approach, football betting can offer great value on betting exchanges. This involves researching teams, tracking in-game indicators, and placing strategic back and lay bets. For example, you might bet on a draw and then lay it as soon as a goal is scored to secure a profit.
The most popular football championships in India are the Indian Super League, I-League, and Durand Cup.
- The Indian Super League is considered as the top professional league in India that involves the best players locally and internationally, with stiff competition and a high following.
- The other important national league is the I-League, which has traditionally been acclaimed as the league that provides the backbone and focuses more on the development of local talent.
- The Durand Cup is the oldest football tournament in Asia. It carries a very rich heritage according to the participation of teams from both the ISL and I-League.
Profitable Betting Strategy: Over/Under Goals in ISL
Over/Under goals betting is one of the best ways to profit from betting in the ISL. Most ISL matches feature varying goal totals due to the tactical diversity of the teams. For example, betting on “Over 2.5 Goals” in matches involving high-scoring teams like FC Goa or Mumbai City FC can be profitable, while “Under 2.5 Goals” might be a better option for more defensively oriented teams. Assessing team form, head-to-head statistics, and player availability can provide valuable insights and reduce guesswork.
Chapter 8
Best Horse Racing Betting Exchanges in India
In this section, you will learn:
• What are the most popular racing championships in India?
• What is the most profitable betting strategy?
Let’s find out!
Horse racing betting markets offer unique opportunities for strategic betting. A common strategy is to back a horse when its early odds are high and then lay off when the odds drop, securing a profit regardless of the race’s outcome.
The important horse racing championships in India are the Indian Derby, Indian Oaks, and Indian St. Leger.
- The Indian Derby is the country’s most prestigious horse race held every year in Mumbai at the Mahalaxmi Racecourse. It attracts the best thoroughbreds and offers significant prize money.
- The Indian Oaks is Mahalaxmi’s big classic race for the fillies, and it is often referred to as the “ladies’ Derby.”
- The other major race is the Indian St. Leger, run at the Pune Racecourse, which is adjudged along with the other two as the Indian Triple Crown.
Profitable Betting Strategy: Form and Class Analysis
A profitable strategy for horse race betting, particularly for the Indian Derby, involves analyzing form and class. This includes evaluating horses’ recent performances over similar distances, tracks, and against comparable competition. Horses that consistently perform well in top-class races are likely to do so in major championships like the Indian Derby. Additionally, reviewing jockey and trainer statistics can help identify potential winners.
Chapter 9
Best Kabaddi Betting Sites in India
In this section, you will learn:
• What are the most popular kabaddi championships in India?
• What is the most profitable betting strategy?
Let’s find out!
Kabaddi is one of the most popular sports in India, and betting on it has grown significantly. Maximizing winnings involves understanding team dynamics, reviewing past results, and taking advantage of live betting options. For example, backing a strong team early and then laying them when they take the lead can lead to success.
The most followed kabaddi championships in India include the Pro Kabaddi League (PKL) and the Senior National Kabaddi Championship.
- The PKL is the marquee league of kabaddi in India, with geo-specific franchising of teams across various cities. It turned kabaddi into a commercially run sport with huge viewership and participation from the cream of national and international players.
- The Senior National Kabaddi Championship represents the cream of talent in the country against this prestigious tournament between the state teams.
Profitable Betting Strategy: Team and Player Form Analysis in PKL
Analyzing team and player form is a profitable strategy in PKL betting. Kabaddi relies heavily on speed and contact, making individual and team performances crucial. Evaluating the form of key raiders and defenders, along with recent team performances, can provide valuable insights. Betting on teams with consistently high-performing players, especially those who regularly score points or make successful tackles, is a sound approach. Additionally, considering head-to-head records and the impact of home and away conditions can further enhance this strategy.
Chapter 10
Introduction to Betting Exchanges
Read this section attentively to find out:
• What is a Betting Exchange?
• How Does a Betting Exchange Work?
• Common Mistakes to Avoid
Betting exchanges offer a different approach to sports betting by allowing users to bet against each other rather than against a traditional bookmaker. You can either back (bet on an outcome) or lay (bet against an outcome) using this peer-to-peer system, which often provides better flexibility and odds compared to traditional sportsbooks. Unlike standard sportsbooks, betting exchanges allow you to set your own odds, which others can accept, creating more dynamic and competitive markets.
This system also supports in-play trading, allowing you to adjust your bets as events unfold, enabling you to lock in a profit or minimize losses before a match ends. Betting exchanges are ideal for bettors who want a more involved and strategic betting experience. They are transparent and user-driven, offering a distinct alternative to traditional sports betting methods.
What is a Betting Exchange?
A betting exchange is a platform that allows bettors to place bets against each other rather than against bookmakers. This peer-to-peer betting concept offers higher odds and greater flexibility when placing bets.
How Does a Betting Exchange Work?
In a betting exchange, one bettor offers a bet (laying), while another accepts it (backing). The exchange facilitates these bets and takes a commission on winning bets.
Common Mistakes to Avoid
- Not understanding the commission structure
- Failing to conduct thorough research
- Overbetting without a plan & strategy.
Chapter 11
Important Betting Exchange Terms to Understand
Learn the basic terms necessary for betting exchange players
… and much more.
| Back Bet | A bet that a specific outcome will happen. For example, betting on a team to win a match. |
| Lay Bet | A wager against a specific outcome happening. You are acting as the bookmaker here. |
| Commission | A small amount that is deducted from your net earnings by the betting exchange. |
| Liquidity | The amount of money available for backing and laying bets in a particular market. Greater liquidity means easier matching of bets. |
| Matched Bet | When a lay bet at the same odds as a back bet is matched with it.This guarantees the honoring of both bets. |
| Unmatched Bet | A wager for which there is currently no matching counterbet. Until it is canceled or matched, it stays open. |
| Betting Exchange | A website where users may wager against each other as opposed to bookmakers. Bet matching is made easier by the exchange. |
| Tick | The least amount of variance in odds. Odds on a betting market are frequently changed by ticks. |
Chapter 12
Why Use a Betting Exchange?
In this section, you will learn about the differences between betting exchanges and traditional bookmakers
… and much more.
Betting exchanges have several advantages over conventional bookies, including higher odds, more betting options, and greater control over your bets. These benefits make betting exchanges an invaluable resource for both new and expert gamblers.
Differences Between Betting Exchanges and Traditional Bookmakers
| Feature | Betting Exchanges | Traditional Bookies |
|---|---|---|
| Odds | Often better due to peer-to-peer model | Set by the bookmaker |
| Flexibility | Possibility to place back and lay bets | Back bets only |
| Control | Better control over bets and strategies | Limited control |
| Commission | Charged on winning bets | Built into odds |
| Liquidity | Can be an issue for less popular markets | Usually higher liquidity |
Chapter 13
The Best Sites for Betting on Crypto Casinos in India
In this section, you will learn about the best sites for betting on cryptocurrency
…and much more.
Betting with cryptocurrency is becoming increasingly popular. Here are some of the best sites for betting on cryptocurrency casinos in India:
- 1win
- 1xBet
- Mostbet
- Cricex
- Indibet
These platforms are renowned for their dependability, security, and diverse betting possibilities, making them perfect for bitcoin betting.
Chapter 14
Concluding Remarks
In this section, we will make a general conclusion…
Choosing a suitable betting exchange may improve your betting experience by providing better odds, greater flexibility, and more control over your bets. This article has offered a full analysis of the best betting exchange sites in India for 2024, including detailed information on their features, benefits, and welcome bonuses.
By choosing a platform that matches your needs, you may increase your chances of winning and have a better betting experience.
Chapter 15
FAQ
Can I bet on online betting sites in Indian Rupees?
Yes, most online betting sites in India accept Indian Rupees.
How to Choose the Best Betting Exchange?
Take into account the user interface, available marketplaces, customer support, payment methods, and commission rates.
What is the Best Betting Exchange in India?
The best betting exchange is up to your own preferences, however Betfair and CRICKEX are highly recommended.
Are Betting Exchanges Legal in India?
Betting exchanges are legal murky areas in India, however several sites allow Indian bets.
What is a Betting Exchange ID?
A Betting Exchange ID is a unique identity provided to users on a betting exchange platform that is used to track and manage bets.
