Traditional bookmakers have long been considered an integral part of sports betting. However, the internet has given rise to a host of other online betting options. There is a diverse range of betting markets to choose from as well. The ease of use and accessibility makes online betting quite popular among experienced punters and novices. Cricket exchange betting has emerged as one of the most popular options for bettors to place bets on. For Indians, there are a few trusted betting cricket exchange platform accepting Indian punters and INR.
Best Indian betting cricket exchange platform
The overwhelming popularity of betting exchange sites has given rise to a number of platforms. However, due to certain restrictions, most of these are not available to the average Indian player. For instance, the pioneer of bet exchanges, Betfair does not take Indian players into consideration. Thus, there is a lack of betting exchanges for the average Indian punters. However, here is a list of cricket betting platform in India for all the betting fans in India.
A common complaint that has been made against betting exchanges is the fact that they do not dole out ample bonuses. 1xBet stands as an exception to this general assumption. For starters, the site offers a welcome exchange of up to 8000 INR depending upon your first deposit. Subsequently, there are also a lot of ancillary bonuses that the punter can avail. These offers are updated almost on a daily basis, and therefore the payment from promotions keeps flowing. On the payment front, the site offers a diverse variety of options to choose from, including Paytm, Skrill, PhonePe, Neteller and even Bitcoins. Apart from all the conventional sports like cricket and football, there are also a wide variety of casino games to choose from.
Dafabet has over the years steadily gained momentum in the Indian betting exchange scene owing to its domestic approach. Apart from crowd favourites like cricket and football, they also offer indigenous sports like kabaddi. When it comes to cricket promotions; however, the exchange remains unmatched. The first deposit bonus includes bonuses up to 30,000 INR. Combine that with weekly cashback offers of up to 15,000 INR, local bank transfer, and a wide variety of e-wallets to choose from, and you have quite the rewarding betting exchange on your hand.
Crickex is India’s favourite Sports betting Exchange platform and offers a truly unique in Cricket betting and Casino. It has a quite range of promotions offering 100% Sports and Slots Welcome Bonus with a wagering requirement of 25 times, 10% Reload Bonus up to INR 5,000, Weekly Lucky Draw, and Birthday Bonus.
In addition, Crickex is mainly focused entirely on the Indian market with a wide range of payment methods including UPI, Debit cards, and Indian Bank transfer. The minimum deposit amount is ₹ 200.
Skyexchange is a very Indian-friendly sports exchange website. Since it is localized, their customer support is available in Hindi. They offer exchange betting and virtual sports betting with 24/7 live customer support. On top of that, they have a wide range of methods for deposits and withdrawals.
Skyexchange also offers Andar Bahar which is one of the most famous and favorite card games in India. Above all, you can watch live sports streaming of any live events.
The Matchbook exchange experience is unique. They have meager commission rates. Matchbook offers substantial betting odds. Similarly, You’ll find an excellent range of Asian handicaps. Sports you can wager on include Matchbook cricket, football, and more. The minimum bet amount is €2 (₹ 176 approx.). New customers are entitled to a €10 (₹ 882 approx.) risk-free bet. Matchbook boasts of robust customer support and a variety of payment options. However, it does not accept INR.
How to Choose the Best Indian Betting Exchange platform?
Choosing the best Indian betting exchange platform that suits your needs can be confusing. We have collated some factors that you should consider while selecting the best betting exchange site. Our guide should make your search easier!
- Security: It’s the most crucial factor that you should consider while choosing a betting site. Make sure that the betting website is SSL certified.
- Best cricket betting odds: Want to increase your chances of winning? Choose a cricket exchange platform betting that offers high odds.
- Welcome offers: The best cricket betting platform offers lucrative welcome bonuses. These will help you get started and place bets on the go.
- Commissions: Choose a betting marketplace that charges the lowest possible commission. It will ensure that you take home the most of your winnings.
- User interface: A slow and cluttered betting website can be a real eyesore. Therefore, it’s recommended that you opt for a well-designed betting platform. It should allow easy navigation and load quickly. Mobile applications make for better online betting experience.
- Live betting: Live cricket bets provide an enriching gambling experience. It helps you make most of the fluctuating odds. Ensure that your chosen betting website supports live betting. Make sure it’s fast enough for the timely locking of bets.
- Customer support: You may face account glitches and payment issues. So you’ll need efficient customer support. Ensure that your betting platform has excellent customer service.
- Transparency: Each betting site has a set of terms and conditions they swear by. But make sure that their policies, wagering requirements, and other payment information are transparent.
How to Bet Online In India?
Not sure how to start online betting? Here’s a step-by-step guide to help you with the process:
1. Choose a reputed and reliable betting site. Base your choice on different parameters. These include:
- acceptance of Indian currency
- payment options
- maximum/minimum betting amount
- mobile compatibility
- rewards and bonuses
- availability of high odds
- live betting options
- range of betting options
2. Once you have settled on the betting site(s), open an account. You will be required to provide some personal details.
3. The next step involves making a deposit. The amount may differ with each website. Usually, several payment options are provided. Select the one you prefer. Remember to check if they are offering any welcome bonus. In that case, you may have to enter a bonus code. Follow the instructions accordingly.
4. Now you have a funded account. You can start your betting game from here. With most sites, you will see a display of the different sports. Clicking on them will bring up the list of odds, the available betting markets, and their selections.
FAQ of Betting Cricket Exchange Platform
1. How does a betting exchange platform differ from a betting platform?
– Betting exchange platforms usually allows bettors to place bets against each other. The acceptance of a bet is subject to the condition that someone else places bets on the opposite outcomes. In the event that such a bet is not placed, the bets made can be canceled. The popularity of exchange sites is that bettors can lay bets and hence, engage in match betting. Lay betting is not allowed by bookmakers. This feature helps the punter obtain better odds than at conventional betting sites.
2. Is there any sort of exchange commission involved on winnings?
– Yes, this commission amount varies depending on the betting exchange. For instance, Crickex charges an exchange commission of 2% upon the profit made by the user. This deduction is made when processing the winnings that the user wants to be paid.
3. What are back bets and lay bets found on betting exchange platform?
– Betting exchange sites offer two bets known as back bets and lay bets. Back bets pay when the event or outcome you are backing or betting for comes to pass. In such a scenario, the bet functions in the same way they would at a bookmaker with the overall liability being equal to the stake placed. Lay bets are quite the opposite. Such bets function when the punter acts as the bookmakers, that is, laying a bet against an outcome not happening. Thus, the bettor wins when the outcome doesn’t happen. Liabilities for such bets are calculated using a formula given by the exchange. If a lay bet wins, the bettor receives the winnings in the amount of the backers’ stake. Lay bets are essential for matched betting strategies.
Exchange betting differs from traditional gambling. However, cricket exchange betting is adventurous and exciting. No wonder, it’s becoming popular among Indian punters. Be mindful while you shop around for the best betting exchange sites since several rules operate the websites. Proceed if you understand their terms and details. Gambling is an easy way to make money online. However, one step in the wrong direction can cost you a fortune. Thus before you start betting, be informed about the intricacies of the betting world.