If you are looking for a great way to make some extra money, then you should consider betting exchanges. These platforms allow you to bet on a variety of different outcomes, and they offer some of the best odds in the business. In India, there are a number of different betting exchanges that you can choose from. In this article, we will take a look at the best options available to Indian residents.
What is a Betting Exchange?
A betting exchange is a marketplace where gamblers can place wagers against each other, instead of against the bookmaker. This allows punters to set their own odds and lay bets as well as backing them.
Differences between a Betting Exchange and a Sportsbook
You may ask what is the difference between a sportsbook and a betting exchange? Well, the major difference between a regular sportsbook and a betting exchange is that the latter does not take positions against its customers.
This means that a betting exchange makes its money from commission, which is usually around four to five percent of the net winnings on each market. This is in contrast to a regular sportsbook, which generates revenue by offering odds that are slightly worse than the actual probability of an event happening.
Theoretically, this should make betting exchanges more attractive to punters since they are able to get better odds. However, there are also few drawbacks such as lower number of betting exchanges, virtually no bonuses and high chance of match-fixing.
Now, let’s take a look at the best betting exchange sites in India:
Parimatch
Parimatch is one of the leading betting exchanges in India and offers a wide range of markets for its customers. The company has a strong focus on customer satisfaction and offers a number of features that make it a great choice for Indian bettors. Parimatch is licensed by the gaming commission in Malta and offers a safe and secure platform for its customers. The company offers a number of deposit and withdrawal options and also provides a live chat service for its customers. Parimatch is a great choice for Indian bettors who are looking for a reliable and safe betting exchange.
Bet365
According to Cricwall, another excellent betting exchange in India is Bet365. They have a huge variety of bets, and you can place bets on everything from football to tennis. The odds offered are excellent, and you can also download their mobile betting app. Bet365 also has a number of various promotions, offers and bonuses, which can certainly help you to earn money online.
Fun88
The Fun88 betting exchange is one of the best betting exchanges in India. They offer a wide variety of markets, including cricket, football, horse racing, and more. They also offer a number of bonuses and promotions to their customers. Fun88 betting exchange is licensed by the Malta Gaming Authority and the UK Gambling Commission. They are a member of the European Betting Association and the International Betting Integrity Association. Fun88 betting exchange is also a partner of the Asian Bookmakers Association.
Betfair
One of the finest betting exchanges in India is Betfair. This platform offers a wide range of different markets, and you can bet on everything from cricket to horse racing. The odds on offer are also very competitive, and you can often find some great value bets. Another great thing about Betfair is that they offer a number of different promotions and bonuses, which can help you to boost your profits.
How to Place a Bet with a Betting Exchange?
So, how do you place a bet with a betting exchange? Well, it’s actually quite simple.
- First, you’ll need to find a betting exchange that accepts bets from India. As mentioned earlier, you can choose any of the quality betting exchange.
- Once you’ve found a site, you’ll need to create an account and deposit some money. You can do this with a credit card, debit card, or e-wallet like Neteller or Skrill.
- Once you’ve deposited money into your account, you’re ready to start betting! To do this, simply find the event that you want to bet on and click on the odds that you want to take. Your bet will then be matched with another customer, and if it wins, you’ll receive your winnings minus a small commission fee.
Conclusion
Betting Exchanges are a unique way of making money. However, that being said, betting exchanges are not suitable for everyone. You should first learn about them properly and then try your hands on them. We have covered everything you need to know about betting exchanges in India. They are a godsend for anyone looking to take the sports betting world by storm. So, go ahead and have fun.
