Best Betting Exchange in India (2025) Last Updated: October 16, 2023 Many of India’s best betting sites do not offer a betting exchange function for punters; however, to make things easier for you, we've done the heavy lifting ourselves and listed all the ones available in the country below! Read on to find out more. MOST IMPORTANT INFORMATION Top cricket betting exchange sites in India Betfair alternatives in India Top betting exchange apps Quick links What Are Betting Exchanges? How Do Sports Betting Exchange Sites Work? How to Get Started With Betting Exchange Sites Consider These Features Before Choosing An Exchange Betting Site Top Cricket Exchange Betting Sites: Reviewed Cricket Betting Exchange Sites in India vs Regular Bookmakers Exchange Betting Apps & Sites: Advantages & Disadvantages Tips To Use Betting Exchange Sites Betfair Alternatives in India Betfair Cricket Exchange Alternatives Top Betting Exchange Apps CricketBettingAdvice Final Say What Are Betting Exchanges? A sports exchange betting app or site is an online platform that facilitates peer-to-peer betting, allowing users to both “back” (bet on an outcome to happen) and “lay” (bet against an outcome) across various markets. Unlike traditional bookmakers, sports betting exchange sites enable you to set your own odds, creating a competitive marketplace. As a punter, you can match your bets with other users on the platform, with the platform earning revenue by charging a commission on your net winnings. Here are some basics of how betting exchanges work: Peer-to-peer betting: Betting exchanges operate on a peer-to-peer model. Instead of placing bets against the bookmaker, users bet against each other. You may act as a “backer” by betting on a particular outcome, while another user plays the role of a “layer” by accepting that bet. Laying and backing: Across any of the top betting exchange sites in India, you can either “back” an event, which means you bet in favour of a specific outcome (e.g., a team winning), or “lay” an event, which means you bet against that outcome (e.g., a team losing). Odds setting: On a betting exchange, you have the freedom to set your own odds when laying bets. This allows for competitive odds and often results in better value for players. Commission: Betting exchanges usually charge a commission on your net winnings, which is how they generate revenue. Check out the video below for further clarity: How Do Sports Betting Exchange Sites Work? Say you're interested in placing a bet during a cricket match between India and Australia. On betting exchange sites, like the ones similar to Betfair, you have two options: Backing: You can choose to “back” India to win the match. By doing so, you're betting on India's victory. Let's say you place a back bet of ₹50 on India to win at odds of 2.0. If India wins, you'll make a profit of ₹50. Laying: On the other side of the exchange, there's another user who believes that India won't win. They decide to “lay” India, which means they are betting against India's victory. This user might offer odds of 2.0 for “laying” India. Now, you have the opportunity to accept this bet. Possible Outcomes If India wins, you receive ₹50 from the user who placed a lay bet on India (since they bet against India's win). If Australia wins, you'll pay the user who placed a lay bet on India ₹50 (because you bet on India to win). This creates a direct peer-to-peer betting experience, where you are essentially betting against someone else's prediction. It's a dynamic and competitive way to engage in sports betting, as the odds can vary depending on what other users are offering. How to Get Started With Betting Exchange Sites To illustrate the below steps more clearly, we have gone with an example from Dafabet. That said, the procedure is more or less the same across other exchange sites. Step 1: Create an account on the chosen exchange bets site by providing your personal information, such as name, email, and phone number. (Source: Dafabet) Step 2: Once your account is set up, deposit funds into your bookie account. Step 3: Go to the “Menu” and tap on the “Exchange” option. Step 4: Browse through the available events and pick the one you wish to bet on. Step 5: Select the odds for either “lay” or “back” bet and decide how much money you wish to wager (stake). Step 6: Tap on the “Place Bets” to submit your wager. MAKE YOUR ACCOUNT TODAY VISIT SITE Consider These Features Before Choosing An Exchange Betting Site Before selecting a cricket exchange betting app or site, it's essential to consider several key features to ensure a rewarding and enjoyable wagering experience. Here are some features we took into consideration before recommending the best betting exchange in India: 1. Welcome Offer The best betting exchange in India should provide new users with an enticing welcome bonus. Additionally, look for free bets and cashback rewards. Such offers enhance your initial bankroll and provide extra value when you start betting. 2. Variety in Markets Look for a betting exchange app or site that offers a broad range of betting markets. Besides standard match-winner bets, you should have access to options like top run-scorer, player performance, and various other in-play markets. The more diverse the markets, the more strategies you can explore. 3. Competitive Odds One of the biggest advantages of placing exchange bets is that you get to unlock competitive odds. Ensure that the sports betting exchange sites you choose consistently offers tight spreads between back and lay odds, allowing you to maximise your potential profits. 4. Multiple Payment Methods A top exchange betting site, like the Dafabet exchange, should support a variety of payment methods, including credit and debit cards, e-wallets, bank transfers, UPI, and even cryptocurrency. This flexibility ensures convenient and secure transactions. 5. Mobile App Mobile compatibility is crucial. Check if the exchange offers a user-friendly mobile app or at least a well-optimised mobile website. Betting on cricket matches should be seamless, whether you're on a smartphone or tablet. 6. Commission Rates When evaluating a cricket exchange betting app or site, consider the commission rates they charge on winning bets. Most earn revenue by deducting a small percentage as commission. It's essential to choose an exchange with competitive commission rates to beef up your overall profitability.