2.1 Market Liquidity
3.1 Smarkets
3.2 Exchmarket
3.3 Fun88
3.4 Dafabet
3.5 12Bet
3.6 Indibet
3.7 Betdaq
19. Conclusion
After mastering traditional betting, betting exchange is the next big thing.
As you are here, it seems that you are ready to step up your betting game.
Well, we are with you! Here, we will share the top betting exchange sites in India that you can use to start a new excitement without any fear.
We have crafted this guide for everyone new to betting exchange, so here you will get to know everything about betting exchange right from the beginning.
Now, before we start, here is a quick glimpse at top betting exchanges:
2.1 Market Liquidity
3.1 Smarkets
3.2 Exchmarket
3.3 Fun88
3.4 Dafabet
3.5 12Bet
3.6 Indibet
3.7 Betdaq
19. Conclusion
You can consider a betting exchange as an online marketplace where you can bet against other people like you. They might be beginners or pros, but it is for sure they are not bookmakers.
In other words, you are directly taking odds from fellow bettors who want to bet just the opposite of your wager.
This unique setup not just allows you to
“back” (bet for something to happen, like a team to win)
but also,
“lay” (act like a small bookie and bet against something happening).
This peer-to-peer system generally offers better odds in comparison to traditional betting. Moreover, there is ample room to test your strategies without any limits.
Without understanding backing and laying you can’t move forward in a betting exchange journey.
These two actions give you a chance to bet against other players who are placing their bet just like you.
Here nothing is new, you need to place your bet just like you do with a traditional bookie.
When you “back” an outcome, you are placing a bet that it will happen. If your chosen selection wins, you will get your winnings.
You bet that something will happen.
Example: You bet, “CSK will win the match.” If they do, you win.
Now, coming to the feature, why you want to try betting exchange.
When you “lay” an outcome, you are betting that it will not happen.
Here, you would act like a small bookmaker who accepts bets from another user who is doing exactly the opposite, which is backing that outcome.
If the outcome you laid does not happen (i.e., another outcome wins or it’s a draw), you win their stake.
However, if the outcome you laid does happen, you are liable to pay out to the person who backed it.
You bet that something will not happen, taking the opposite side of someone else’s bet.
Example: You bet, “CSK will not win the match.” If they lose or draw, you win; if they win, you pay.
Registering with a betting exchange account in India is a quick and simple process.
Once you register your account with your preferred betting exchange here is how you can login:
All the listed betting exchange sites in India ask for a KYC verification process to verify your identity.
It is an important and mandatory process followed by legitimate betting exchange sites
Documents Required:
The KYC Process:
Your betting exchange account might get rejected because of incomplete KYC. Here are some common fixes:
Our prime goal is to provide you with the most trusted Indian betting exchange sites.
Here we are mentioning some important factors that help us to figure out the best online betting sites:
Commission refers to a certain percentage that an exchange or bookmaker charges on a winning bet. Thus a lower commission rate means bigger net winnings for you.
We examine the starting commission and any tiered deals or offers which could mean less for active members.
Market liquidity refers to the sum of money available to be matched to a betting market. It’s the most important thing for an exchange, since:
The range of markets, particularly betting exchanges, has decided its strength. It includes:
Indian users want payments that are easy and safe, so we highlight platforms offering:
Your safety and the betting exchange’s integrity are non-negotiable. So, we verify:
A great betting experience should feel smooth and simple. Here’s what counts:
Here is a quick list of top rated betting exchanges on which you can trust. Most choices will be perfect for your need if you are looking for how to do lay betting on a cricket match in India.
Smarkets stands out for its ultra-low commission, clean interface, and financial-style trading dashboard. It is quite famous among bettors who are looking for a professional, no-frills betting experience.
Cons
Very low commission rates
Limited market depth
Quick and easy-to-use platform
Not many bonus deals
Clear and honest pricing
Not the best for big bets
The Exchmarket is the most user-friendly betting exchange for beginners in India. It lets you bet directly with others, keeping odds fair and interference low. Great for those who want a straightforward, decentralized platform with transparent pricing and a simple, user-friendly design.
Cons
Clean and simple UI
Low liquidity in some markets
No middleman in transactions
Fewer sports options
Competitive odds
Lack of brand recognition
Fun88 mixes together casino, sportsbook, and exchange into one platform, delivering all sorts of localised payment options, regional odds formats, and multi-language support. It is among the betting exchange sites with a welcome bonus in Indian Rupees.
Cons
Asian market focus
Customer support delays
Wide sports selection
Complicated navigation
Multiple payment options
Exchange features are limited
Dafabet blends a betting exchange with a packed sportsbook, tailored for Asian users with great odds, deals, and personalized support. It’s known as the safest betting exchange for Indian players.
Cons
Focused on Asian audience
Interface feels outdated
Variety of betting formats
High commission on exchange
Strong customer loyalty programs
Not ideal for beginners
12Bet is the fastest betting exchange for withdrawals in India. It offers quick live updates and smooth in-play betting for mobile users. It combines an exchange with a sportsbook. This gives users flexible choices for many sports.
Cons
Good live betting interface
Limited exchange features
Mobile-friendly experience
High withdrawal fees
Fast odds refresh
Few global sports events
Indibet has been designed for the Indian player, presenting cricket-centric betting, along with local payment options like UPI, and an interface. It is one of the best cricket betting exchange sites in India with live streaming.
Cons
Cricket-first approach
Exchange depth is shallow
UPI and Paytm supported
Lack of international reach
Fast sign-up and onboarding
Limited customer support
Betdaq is an established exchange that has a low 2% commission; it’s reliable and offers advanced trading tools (like API support). In terms of customer service, it has 24/7 support and is the betting exchange for India.
Cons
Low commission rate
Smaller user base than Betfair
Stable and reliable platform
Limited market liquidity
Good API support for traders
Basic interface design
When you access “in-play” markets on a betting exchange it allows you to bet on events as they happen.
It means odds are changing continuously according to particular game events like goals, wickets, or red cards, etc. Here you can find multiple trading opportunities.
Live odds are highly dynamic, fluctuating with every significant event in the match. This volatility creates unique trading chances.
Understand that there are built-in time delays (usually from 1 to 10 seconds) when making in-play bets. These delays exist in order to maintain market integrity and mean that the odds you’re seeing could change (in your favor or not) by the time your bet is processed, right after you’ve placed it.
If you want to make as much cash as possible from an online betting exchange then you must know commission and liquidity.
Now those break even and win rates obviously have an impact on your net winnings and the effectiveness of your betting rate.
Whether you are an Indian player who wants to be involved in a cricket betting exchange or any other sport, it is essential to make the most out of all these aspects.
We’ve given an example of Smarkets like platform which is a well known cricket betting exchange and having no amount limit of withdrawal in India.
Commission refers to the amount of fee you are charged by the betting exchange on your net market winnings.
Unlike traditional sportsbooks, which bake their margin into their odds, exchanges charge a small percentage of whatever money you make.
The lower the commission rate, the higher the profit in your pocket, so the value of being allowed to trade in a low commission platform is invaluable.
Example: Imagine you make a gross profit of ₹1000 on a cricket betting exchange market:
As this example clearly shows, picking an online betting exchange in Indian Rupees (INR) with low commission significantly increases your profit over time.
Liquidity in a pool of bets relates to the total amount of money able to be matched on a given market. It’s liquidity, and it’s the lifeblood of an exchange; without it, your bets just won’t get matched or you’ll have to take less advantageous odds.
High liquidity provides several significant advantages:
The legality of online betting in India, particularly for betting exchange sites, is a “grey area.”
We have picked a few names that consistently stand out because of their robust features especially for Indian players who are looking to experience the best betting exchange,
From offering both backing and laying bets to giving highest odds cricket betting exchanges in India.
Features | Smarkets | Fun88 | Indibet | |
---|---|---|---|---|
Odds Competitiveness | Very Competitive | Very Competitive | Competitive | CLAIM |
Fees (Commission) | Very Low (0-2%) | Variable (Competitive) | Low (often 2% or 5%) | CLAIM |
Cricket Market Depth | Good (Major Events) | Excellent, High Liquidity | Excellent, India-Focused | CLAIM |
Live Streaming | Limited/No | Yes | Yes (for many events) | CLAIM |
Mobile App (Android/iOS) | Yes (Highly Rated) | Yes (Good) | Yes (Android, iOS via web) | CLAIM |
Indian Payment Methods | Skrill, Neteller, Cards | UPI, NetBanking, PayTM, PhonePe | UPI, PayTM, PhonePe, NetBanking, Crypto | CLAIM |
Welcome Bonus (INR) | Varies (e.g., 0% commission offer) | Yes (Generous, e.g., 200% up to ₹12,500) | Yes (Generous, e.g., 250% up to ₹25,000) | CLAIM |
Our Rating | 4.6/5 | 4.7/5 | 4.5/5 | CLAIM |
Cricket betting exchange sites offer various ways to earn profits. Here you just need to leverage live cricket betting exchange rates and odds.
Back a team at higher odds and then Lay them at lower odds (or vice-versa) as the match progresses. Lock your profit before waiting for the final result. This is one of the most common IPL betting exchange tips for beginners.
Bet against the “Draw” outcome in Test matches. There is a high chance that the draw odds increase. It allows you to back the draw at higher prices. Here is a chance to secure your profit.
Make small, frequent profits by leveraging minor odds movements. To use this back an outcome quickly and lay it at a slightly better price. Make sure you are very quick with your betting exchange app and high liquidity.
Bet on the result of the match for specific segments of the game (eg runs in an over, wickets in a session). It requires a detailed knowledge of the form of the players going into the match and the current conditions of the match.
Place wagers on specific player statistics such as the number of runs scored or wickets taken.
If you are an experienced bettor then you can maximize your profits on an online betting exchange by using various advanced trading methods and techniques.
In this section you will get a quick overview. Keep in mind that these strategies often require a deep understanding of the market and may involve higher levels of risk.
Matched betting is a way to make money using free bets from betting apps, no luck needed.
You place two bets on the same event that cancels each other: one “back bet” with the app, betting on a win, and a “lay bet” on an exchange, betting against that win.
This way, you always make a small profit, whatever happens.
It’s perfect for people who avoid risks, but you need to be quick, careful, and use exchange sites you can trust.
Advanced bettors use Exchange APIs to sync their accounts to custom bots or third-party trading software. These tools let you automate betting, like placing back and lay bets as soon as market conditions hit your set rules.
With bots, you can:
But you’ve got to be careful. Bots need to follow exchange rules, or your account could get suspended. Plus, setting them up takes some tech skills and lots of testing. For serious bettors, though, automation makes betting more disciplined and driven by data.
While cricket is very big in India, you can still leverage betting exchanges to boost your winning by betting other popular sports.
Football:
Tennis:
Other Sports (like Kabaddi):
Kabaddi fans can bet on moments like fouls, big raids, or timeouts, which shake up the odds fast. Knowing the sport’s rules and pace makes your trades sharper.
Whether you use bots or go with your gut, in-play betting across sports needs sharp watching, good timing, and careful money management. If you really want to take advantage of betting exchanges then try to look above cricket.
Betting exchange platforms in India offer a diverse range of markets, primarily for peer-to-peer sports wagering. Some also integrate casino or virtual games.
Betting exchanges also list markets for:
Some betting exchange sites offer something extra with their offerings with standard gaming options:
Dedicated betting exchange apps are important for Indian players who are looking for fast, easy to access online betting exchange platforms:
Most leading betting exchange sites offer exclusive mobile apps. Android users often use an APK download from the website, while iOS apps are usually on the App Store.
Top apps popular in India include:
For Indian players, downloading a betting exchange app is downloading an APK file. Follow below mentioned steps to download APK safely:
Launch & Log In: Open the betting exchange app and use your credentials or register.
Always download from official sites to get the best mobile betting exchange app for Android in India.
When installing betting exchange apps on Android, specifically the APK download, safety is a prime concern for the majority of Indian players. Follow these tips:
Indian players must know payment methods, limits, and withdrawal process. Here are things to look for when you want an online betting exchange in Indian Rupees (INR).
Betting exchange websites support popular Indian payment methods for convenience:
Platforms set minimum and maximum limits for deposits and withdrawals:
Know how long transactions take and any costs:
A simple, easy-to-use platform is great, but ready to assist support is what really makes a betting exchange stand out. The best ones provide 24/7 live chat, email help, and detailed support pages to fix issues fast.
Leading betting exchange sites offer multiple ways to get help:
Betting exchange promotions are different from the traditional bookmakers. They are generally focusing on reducing costs and incentivizing activity on the betting exchange online sites.
Always read the fine print for any betting exchange bonus:
Betting exchanges are fun, but staying in control is key. Top betting sites have features like deposit limits, time alerts, self-exclusion options, and activity trackers etc.
Control your betting habits using platform tools:
Watch for these indicators of a potential gambling problem:
If you or someone you know needs help:
Knowing common mistakes helps Indian bettors protect their money. They can make better choices on online betting exchanges.
Choosing the best IPL betting site in India requires careful consideration to ensure a secure and enjoyable betting experience.
Online betting exchanges in India keep changing with new rules and tech advancements.
India’s online betting status is in a “grey area,” but reform is likely:
Technology is reshaping online betting:
Betting exchanges give Indian users a better way to bet, thanks to the back and lay system, improved odds, and more control over your bets. These platforms cover a wide range of markets like cricket, football, and even casino games, all through easy-to-use apps.
The legal side of online betting in India may not be clear, but many offshore exchanges accept Indian rupees and work with Indian payment options. UPI deposits, for example, are quick, safe, and simple to use.
If you’re new to exchanges, start with small bets. Get a feel for how liquidity, odds changes, and commissions work before going bigger. With new ideas shaping online betting, now’s a great time to jump in and bet smarter.
Betting exchanges allow you to bet directly against other players (peer-to-peer). This gives better odds and you can bet on both back and lay results.
Platforms like Fun88 and Indibet are highly rated as best cricket betting exchange sites in India due to their excellent market depth and localized features.
Yes, as per tax laws of India, all gambling winnings are taxable income and are subject to a 30% tax rate.
‘Liability’ means the maximum money you stand to lose when placing a lay bet if the outcome you bet against actually occurs.
Yes, when placing a lay bet on an online betting exchange, your loss (liability) can be greater than your stake if the odds are low.
To find a trusted betting exchange, go for sites that give good liquidity, competitive commission, 24/7 customer support, secure Indian payment methods, and good user reviews.
Betting exchange versus sportsbook preference for Indian players depends on their strategy. With exchanges you have better control in your hand while sportsbooks are ideal choice for traditional bets.