Ice Exchange Betting App – Betting exchanges do away with traditional sports betting, allowing bettors to bet against each other rather than the bookies themselves by setting up their own odds and markets. This article will highlight the best of these systems available to Indian bettors, reliable Betfair options in India and the best betting programs for exchanges.
Let’s say you want to bet on a sportsbook which is one of the best cricket betting sites in India. Here you can only bet on one outcome, regardless of the market. For example, you can bet on Ireland beating England.
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That’s because traditional sportsbooks don’t have this option. Of course, you could bet England to win against Ireland, but the odds would drop significantly as England would be the better team in every format (at the time of writing).
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This is where cricket betting exchange sites come in. They allow you to bet, which means you can bet on an outcome that won’t happen. Using the example above, you could essentially bet on Ireland losing to England.
Matchbook is the premier Betfair alternative in India, especially for casual bettors. It has decent market coverage, but what stands out the most is their betting exchange app, which is available on iOS and Android devices.
All in all, we are impressed and have no hesitation in rating Matchbook as one of the most respected and user-friendly betting sites in India. Some minor drawbacks are the commission, which is 4% – higher than what most exchanges in India charge. Also, the website does not accept too many payment methods specific to India for betting. However, everything else Matchbook has to offer more than makes up for these shortcomings.
Even though Crickex is new to online gambling, we believe they have a lot of potential to become one of the best gaming exchanges in India. Yes, there are limitations, including their almost narrow-minded view of cricket.
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However, on the bright side, this cricket betting is mainly designed for Indians as well as bettors trying to bet online in Bangladesh. This in itself is a remarkable achievement given that the subcontinent does not have many betting exchanges available to bettors in the region.
The opening of a sports betting exchange in India in 2021 is a shot in the arm for the bettor, who already has quite a loyal following. Betting exchanges have a strong backend infrastructure, so betting odds change quickly in real time.
While the exchange is good enough for regular betting exchanges, Fun88 needs to improve its user interface and functionality to retain experienced bettors looking for a fully loaded betting exchange website.
Being one of the leading cricket bookmakers in India, Dafabet has also done a good job of creating a betting site that caters to the needs of both casual and regular bettors. The Dafa Sports exchange has several features that provide a rewarding experience while placing your bets and bets. Importantly, it is available on both Android and iOS.
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Parimatch, a newcomer to the betting exchange site, does not surprise or disappoint. Sports betting on exchanges is currently limited to football, cricket and tennis, but we expect horse and greyhound racing to be introduced sooner or later. To make up for the betting deal, the operator offers live streaming of select cricket matches under the ‘Live TV’ feature (top left corner of the screen), but we should tell you that it’s not exactly non-stop coverage.
Also helping is the fact that you can transfer funds to your exchange account using easy and fast banking methods.
All in all, we would definitely recommend the Parimatch betting exchange site, but only if the other sites aren’t for you.
Curacao’s betting hall is notable for the number of sporting events it covers on its betting exchanges. Apart from cricket, football, basketball and kabaddi, it also covers e-sports, giving the contestants an added edge.
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While we are big fans of the variety and payment options offered by Indibet, we are not impressed with the website design which currently looks very dull and unattractive.
Now that we have listed and described the top betting exchange sites in India, we will tell you how to use them. To do this, we have compiled the following three simple steps:
Our recommended betting sites offer a variety of welcome bonuses and free bets. The best welcome bonuses are usually available when you sign up with the bookmaker, while others require you to make your first deposit. We highly recommend using free bets as they can also give you extra money.
While the exact range of options available at Indian cricket betting sites varies, here are some of the main payment methods that most sites offer:
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Withdrawals are usually processed using the same betting payment method as deposits. However, if you do not see a deposit method as a withdrawal option, please continue using online banking. Despite the slowest processing time, it is available across all betting sites in India, making it the most reliable payment method overall.
This is the simplest type of bet and is the one offered by all sports betting sites. Let’s say you are betting on The Ashes, one of the best cricket tournaments in the world. A ‘to win’ bet here means you are backing Australia to win the cup (or England, depending on your preference).
Essentially, you are placing your money on a certain outcome and hoping that the race/event will be successful that way. You can also get higher odds on this bet.
It is this type of betting that most distinguishes bookmakers from betting exchanges. The former only allows you to place win-win bets, while with the latter “bet” is also an option. This allows you to bet that a certain outcome of a game will not occur. When you do this, you effectively take on the role of the bookie.
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“Betting” is usually riskier because it requires you to play against the interests of other bettors. So if you get it wrong (ie if the outcome you object to happens), you have a lot to lose. That’s why you should use a betting calculator before putting one together at a betting exchange.
Before we look at some of the Betfair alternatives in India, let’s understand the issues that made us look for alternatives in the first place. Betfair is undoubtedly the most popular and largest bookmaker in the world, but there are two things worth remembering.
First, Betfair charges a high commission (between 5-7% of your winnings), which can lead to lower profits in the long run. Secondly, and more importantly, Betfair does not have operations in India and if you try to access it, you will get this message.
Some forums will advise you to use a VPN to register with Betfair. It only goes so far though. Of course you will be able to access and register but you will also need to verify your betting account with a valid ID, address and possibly proof of payment.
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You may be asked for a copy of these documents immediately after registration or when you start withdrawing funds. If you do not confirm, your account will be suspended and your winnings will be forfeited.
Alternatives to Betfair are all betting sites that accept Indian bettors: Fun88, Crickex and Matchbook.
That said, we wanted to focus exclusively on Matchbook in this section because of their innovative betting offerings. With coverage of the sports market and competitive odds, they have never made Indians regret not having a big betting exchange like Betfair.
In India, Matchbook charges a 4% commission on your net winnings, compared to 2% in the UK and Ireland. So yes, the country’s punters are at a slight disadvantage here. That said, Matchbook beats other betting sites in departments like live chat, mobile betting apps for Android and iOS, and valuable promotions like 0% rake for 30 days.
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Just like we did with cricket betting apps, here are our quick reviews of three leading betting apps in India:
The Matchbook betting exchange site is a bit special in that it has some solid selling points, but also some notable flaws. For example, on the one hand, it has a beginner-friendly layout, good market coverage, live chat support, and valuable promotions like 0% commission for all sports for 30 days. Through this you will find Matchbook most attractive. Exactly.
But cricket trading betting apps have two drawbacks – two being the lack of banking methods specific to India and the relatively high 4% commission on winnings (compared to the usual 2%). INR is also not accepted as viable currency.
With a diverse mix of pre- and in-play markets, the Crickex betting and trading app stands out for offering India-specific sports such as Kabaddi,
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