Betfair Cricket – Betting exchanges eliminate traditional sportsbooks, allowing punters to set their own odds and markets against each other, rather than the bookmaker. This article will focus on the best of these platforms available to Indian bettors, the most secure Betfair solutions in India, and the best betting applications for the exchange.
Let’s say you are betting on a sportsbook owned by one of the best Indian cricket betting sites. Here, whatever the market, you can only bet on one outcome. For example, you can bet on Ireland to win against England.
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This is because traditional sportsbooks do not have this option. Of course, you can bet on England to win against Ireland, but this will reduce the odds, as England are the best team in the standings (at the time of writing).
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This is where cricket exchanges come in. They allow you to place bets, which means you can bet on outcomes that are not going to happen. Taking the example above, you can actually bet on Ireland losing to England.
Matchbook is a great alternative to Betfair in India, which is especially suitable for bookmakers. It’s a cool market feature, but the feather in the cap is their betting exchange app, which is available on both iOS and Android devices.
Overall, we are very happy and have no hesitation in rating Matchbook as one of the most popular Indian friendly betting sites. A minor drawback is the commission, which is 4% more than what most exchanges in India charge. Additionally, the site does not accept many India-specific payment methods. However, what Matchbook offers more than makes up for these shortcomings.
Although Crickex is new to the world of online betting, we believe that they have huge potential to become one of the best betting exchanges in India. Yes, there are limits, including his approach to cricket.
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On the other hand, however, this cricket betting exchange is primarily designed for punters trying to place online bets from Indians and Bangladesh. This in itself is an important observation, given that there are not many betting exchanges available to punters in the sub-continent.
The launch of a sports betting exchange in India in 2021 is a major milestone for the bookmaker, which already has a solid following of loyalists. The betting exchange has an advanced back-end infrastructure, thanks to which betting odds change quickly in real time.
While the exchange is sufficient to meet the needs of a regular betting exchange, Fun88 has worked on its UI and features to cater to professionals looking for the perfect betting exchange.
As one of the leading cricket bookies in India, Dafabet has also done a great job in creating a betting exchange that caters to the needs of casual and regular punters. Dafa Sports Exchange comes with a host of features that make it a rewarding experience when you back and bet. The special thing is that it is available on both Android and iOS.
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Parimatch, a recent entrant as a betting exchange, neither surprises nor disappoints. The sports book on the exchange is currently limited to football, cricket and tennis, but we hope to introduce horse and greyhound racing soon. As for the limitations of the betting exchange, the operator provides live streaming of selected cricket matches under the ‘Live TV’ feature (top left of the screen), but we have to tell you that this is incorrect. It’s not like that . taking a photo.
Additionally, the fact that you have easy and fast banking options to transfer money to your Exchange account definitely helps.
Overall, we definitely recommend the Parimatch betting exchange site, but only if others don’t cut it for you.
The Curaçao-based betting exchange has hit the bullseye in terms of the range of sporting events covered on the betting exchange. Apart from cricket, football, basketball and kabaddi, it also includes shipping, giving more profit to the professionals.
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While we are big fans of the variety and payment options that Indibet offers, we are not happy with the design of the website, which looks very clunky at the moment.
Now that we have listed and explained the top gambling sites in India, we will show you how to access one. For this, we have listed three simple steps below:
The betting exchange sites we recommend offer all kinds of welcome bonuses and free bets. The best welcome gifts are usually available upon signing up with the bookie, while in others, you will make the first deposit. We recommend that you use the free bets, as they also give you more money to play with.
While the exact range of options varies between such exchange sites in India, here are some of the major payment methods that most of them offer:
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Withdrawals are usually processed using the same payment method as deposits. However, if you cannot see the deposit method as a withdrawal option, then continue to use netbanking. Although it has slow processing times, it is available on all betting exchanges in India, making it the most reliable payment method overall.
This is the simplest type of bet, and is offered by all sports betting sites. Let’s say you are betting on The Ashes, one of the biggest cricket tournaments in the world. Here, a ‘win’ bet only occurs if you back Australia (or England, depending on your preference) to win the cup.
Basically, you place your money on a specific outcome, and hope that the match/event will end that way. In addition, there are higher odds of landing with this type of bet.
It is this type of wager that initially separated the bookmaker from the betting exchange. While the former will only allow you to bet, with the latter, a ‘Late’ bet is also an option. These allow you to bet on a certain outcome of a game that will not happen. When you do this, you are essentially playing the role of a bookmaker.
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Betting on the ‘line’ is usually risky, as it requires you to play with the interests of the players. Therefore, you have a lot to lose if you don’t get it right (that is, if the outcome you’re betting on happens). This is why you should use a betting calculator before placing a bet with one of these betting exchanges.
Before we explore some of the Betfair alternatives in India, let us understand the point here that attracted us to look for the alternative in the first place. Betfair is undoubtedly the most popular and largest betting exchange in the world, but there are two things to keep in mind.
Firstly, Betfair charges a high commission (which is anywhere between 5-7% of your winnings), which will result in loss of profits in the long run. Second, and more importantly, Betfair does not operate in India, and you will receive this message if you try to access it.
Some forums will recommend using a VPN to register with Betfair. However, it will only last. Of course, you can access and register, but you also need to verify your betting account with a valid ID document, residential address and possibly proof of payment.
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You may be asked to provide copies of these documents immediately after registration or when proceeding for withdrawal. If you fail to verify, your account will be frozen and your earnings will be forfeited.
Alternatives to Betfair would be all betting exchanges that accept Indian bettors: Fun88, Crickex and Matchbook.
That said, we want to focus on Matchbook for this section, as they offer new betting products. And with their sports business and their range of tournaments that are as good as any, they have never let Indians overlook the lack of a big betting exchange like Betfair.
Matchbooks in India charge a 4% commission on your winnings, compared to a 2% rate in the UK and Ireland. So yeah, the infielders here are kinda cheap. That said, Matchbook one-ups other betting sites in areas such as live chat, mobile betting applications for Android and iOS, and special promotions such as 0% commission for 30 days.
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As we turn to cricket betting apps, here is a short review of the top three betting exchange apps in India:
Matchbook’s betting exchange site is a bit odd, in the sense that it has some good sites but very few. For example, on the one hand, it has a friendly layout for beginners, good market coverage, live chat support and enhanced value, such as 0% commission on all games for 30 days. Through these, you will realize that Matchbook has a great design. And it really is.
But the Cricket Exchange app has two downsides – the lack of two exclusive Indian banking channels and a 4% commission on winnings (the standard is usually 2%). INR has also not been accepted as a possible currency.
With a wide variety of pre-match and in-match markets, the Crickex betting app stands out for offering exclusive Indian sports like Kabaddi.