If you are looking for a reputable Betting Exchange website that you are on the right place. All betting exchanges described below in the article are selected according to the most important criteria of safety, reliability, favorable and convenient use.

The top Indian betting Exchange sites have their unshakable advantages, ease of use and great prize opportunities. Read the review to know about the top 10 best betting exchanges in India.

How to find the best Betting Exchange site

Similar to any bookmaker, it is essential for a sports bettor to search for a betting exchange that meets their needs and expectations. Be it the biggest markets, the most fluid, low commission or the best special offers and promotions, the focus is on matching the right exchange, since they all come with different advantages and disadvantages.

Best betting exchange sites in India (2024)

India’s best betting sites are a perfect way to explore online sports betting in this country. The top betting exchange sites are very popular for their opportunities to win large sums of money. Betting exchanges at betting sites offer more interesting options than just sports betting. The following are the top 10 options as of May 2024.

№	Bookmaker	Bonus	Official website
1	Parimatch	150% up to 30,000 INR	Link
2	4rabet	200% up to 20,000 INR	Link
3	Melbet	100% up to 20,000 INR	Link
4	Mostbet	100% up to 25,000 INR	Link
5	1Win	5000% up to 75,000 INR	Link
6	Betway	Up to 4,000 INR	Link
7	Purewin	100% Up to Rs 10,000	Link
8	Helabet	100% up to 8,000 INR	Link
9	Leonbet	100% up to 20,000 INR	Link
10	1xbet	100% up to 20,000 INR	Link

Advantages of the sites

Betting exchanges do not limit users in the number of bets placed. It is only important to have a positively sufficient bankroll on the gambling account. A betting exchange assumes that the player forms a bet based on his vast experience.

Before placing a bet, it is important to develop an eco-friendly strategy that will lead to success. The selected sites that have made it to our ranking of top betting exchange sites have a lot of advantages, and they are due to the following reasons:

• Incredibly favorable odds;
• You are offered to choose any odds;
• Wide selection of available predictions and markets;
• Betting can be done during current sporting events.

What Are Betting Exchange Sites?

Indian betting exchanges have become widespread due to the fact that they offer alternative conditions to regular sports betting. Betting exchange sites are an opportunity to place bets against each other, and not against the bookmaker company. Here you can choose and set any odds, and they can also change during the game.

It offers better odds than standard betting sites and a wide range of markets and sports. The betting exchange does not have such strict regulations to follow the rules and restrictions that exist in traditional betting. This is why many choose a betting exchange – because of the possibility of increased and unlimited odds, and great ways to gain an edge in their betting strategies.

Advantages of a betting exchange

Apart from the well-known fact that top Indian betting exchanges offer lucrative high odds, there are some other features that every authorized user can take advantage of. Betting on the exchange has a number of benefits that differentiate it from conventional sports betting:

• Better odds;
• Control and flexibility;
• Transparency;
• Enhanced Interaction;
• Higher Returns.

You can trade your positions on the market on a betting exchange. This allows you to increase your overall profit and add variety to the usual form of traditional betting. Often in traditional betting, the odds are set by the bookmaker to serve its own interests.

But the betting exchange is a little different. Here you set the odds personally, so there is no question that it could be somehow manipulated by someone. A betting exchange is also about freedom from traditional methods of setting and forming odds.

A round-up of the top 5 best betting exchange sites in India

Below are the top betting exchange sites that are legal in India.

Fun88

Fun88 Exchange Betting ensures the integrity and security of all transactions. At the heart of this quality approach is advanced technology that makes betting fast and secure.

Explore a wide range of sports markets and plunge into the thrill of exchange betting, taking the time to wager on the odds and make informed decisions in real time. This online betting exchange allows you to bet on a wide variety of sports and games. The strengths are considered to be good odds, quick selection of markets and an innovative approach.

Pros	Fast options for depositing and withdrawing funds; Several languages; Large selection of payment methods; Regular bonuses; Convenient platform; Large selection of markets and high odds.
Cons	Minimal access to technical support; Absence of live broadcasts viewing option

Parimatch

Parimatch betting exchange is undoubtedly one of the best in the business. If you want to get a variety of sporting events with high odds, then feel free to register an account, get a welcome bonus and start exploring events at the betting exchange. Working tools for account management and free navigation on the site serve as a nice bonus for users who participate in the betting exchange on a regular basis.

Pros	Great coverage of sporting events in the betting exchange category; Competitive odds; Large selection of bonuses; High reputation; 24/7 customer support in Hindi; Multiple sports markets.
Cons	Not all sports leagues are available for betting.

Indibet

Indibet is an Indian betting and exchange bookmaker with great betting and exchange offers. The online betting exchange is designed to offer a large selection of betting services on sports and other events. Highlights a large selection of markets and features including live streaming.

Simple system of payment transactions, safe and timely withdrawals of winnings and 24/7 online support make the site the right choice. The betting exchange is available around the clock with great sports coverage. 

Pros	Generous first deposit bonus; Huge variety of cricket markets; Safe betting Exchange platform; Many Convenient payment options.
Cons	Few bonuses and special offers.

Dafabet

Dafabet is an online betting exchange that is very popular and in demand among Indian bettors. The sportsbook is impressive and allows you to place bets and watch them live. Various exciting discounts and bonuses and frequent user loyalty programs are offered to registered Indian users. For mobile betting, we offer a convenient application available for Android and iOS users.

Pros	Big sports book; 5 available odds formats; Local payment options; Welcome bonus for newcomers.
Cons	Website usability; Website look.

Fairplay

FairPlay is a responsible online betting exchange site that allows you to bet on sports and other events in a safe and fair way. By creating an account you will be able to bet easily and effortlessly, create your own betting markets, set your own odds independent of the bookmaker and accept bets from other users.

The betting exchange does not charge commissions and fees for placing bets. This is another one of the main differences that sets the betting exchange betting terms and conditions apart from other bookmakers.

Pros	Betting exchange app; Live betting; Accessibility and security in India; Easy to use interface; Multiple betting options.
Cons	Fewer sports; Not all payment methods are available for deposits.

How does the betting exchange work?

The betting exchanges presented in this review use advanced technology and an innovative approach to the exchange betting system. It is different from traditional bookmakers. In order to understand how to start placing bets on a betting exchange, you need to understand the main points that are included in the system:

• “Back” and “Lay” bets. When exchanging bets, you have the option of either backing the outcome to win or betting against it;
• Setting odds. Each user has the right to set their own coefficients without being tied to anything;
• Betting Matching: A betting exchange uses a complex mechanism to operate. For example, if a user wants to back a bet with certain odds, the exchange automatically searches for a suitable user who is willing to place that bet with those odds;
• Commission: The commission is a small percentage subtracted from the winnings of a successful bet. It is charged on net winnings. Before placing bets, you should familiarize yourself with the odds in order to understand what percentage will be charged after a net win.

Betting exchange on Indian sites is a fun activity where players can bet against each other, acting as a bookmaker and at the same time forming their own odds. Thus, the odds rules are set on the players’ shoulders, and the platform searches for the closest odds from other users and displays them. Some people fully prefer betting exchanges instead of traditional bookmakers.

Operation of betting exchanges

The concept of a betting exchange has been known since 1999. Having become so popular, betting exchanges offer many alternative solutions to traditional betting. This will be especially interesting for those users who want to set their own odds instead of the already offered ones.

The game is played against each other, and the bookmaker acts only as a platform for providing conditions for exchange bets. An interesting twist is that you can buy the best odds available on the market and allow you to fix the amount of money you are willing to use when betting.

Difference between cricket betting exchange sites and regular bookmakers

Traditional bets are bets on a team/player to win. Betting exchanges allow their users to both “back” and “pledge” an outcome. India is a country where betting on cricket has reached incredible popularity. For cricket betting, there are both brick-and-mortar betting options, where the bookmaker provides estimated odds, and betting exchange platforms.

By participating in both betting options, you can find different kinds of advantages for yourself. Some points that influence the difference in choosing the type of cricket betting are presented below:

• Betting exchanges are less convenient than regular bookmakers;
• If we take pre-match lines, bookmakers offer already established odds in each market;
• Bookmakers also offer a wide range of additional markets beyond match winners and scorers, including special offers such as ‘most sixes’, ‘best start partnership’ or even ‘man of the match’;
• The betting exchange does not set odds on the platform. This area is left to the players;
• There are fewer restrictions on how much you can win on a betting exchange.

Why use a betting exchange?

Many players use a betting exchange and find many advantages in it compared to traditional betting on bookmaker platforms. The betting exchange provides players with more choice and freedom in choosing odds. For example, if a bet is supposed to be made and the user is not confident and is not ready to take risks, then the bet is not made.

In a betting exchange, you just need to set your odds and find a participant who will start playing against you. Considering the fact that there are such a huge number of players connected to the top sites with betting exchanges, you will certainly be able to find yourself a “match”. Betting exchanges allow users to find the odds and markets they need.

Value of Betting Exchange sites in India

The value to bettors on the exchange will tend to be higher. To make a profit, betting bookmakers often do not offer actual odds on the outcome, but rather underestimate the probability of an event occurring in order to make money;

On an exchange, the market is not evaluated by one person, but by hundreds or thousands of bets placed by others;

Exchanges also give punters more flexibility to trade their positions in the markets than traditional bookmakers.

Types of Bets at a Betting Exchange

Getting into sports betting, first and foremost it is important to gain an understanding of the types of bets that exist. Bet types, often referred to as “markets”, are crucial to understand. A wide range of betting options are available for bettors in India to choose from at betting exchanges. Single bets, multiple bets and system bets are the most spread bets.

• Single bets are the simplest betting option and are popular with beginners. By selecting this type of bet, the user makes a prediction on which of the teams or a particular player will win;
• Multiple bets – a bet on multiple events, where a win is only considered if all the specified events are won; otherwise the bet is burned;
• System Betting (accumulator) – involves more than one multi-event bet within a single bet, and in order for a bet to be considered a winning bet in a system, at least two of the selections must win.

The process of placing a bet on betting exchange sites

If you want to know what the process of placing a bet on a betting exchange looks like, you can use the guide below:

1. Register an account. Registration is compulsory on any site whether it is a traditional betting site or a betting exchange platform. It is a process where you need to fill in the fields with personal information; the procedure takes up to a couple of minutes. Some of the betting sites offer a bonus offer right after registration;
2. Select the appropriate market. When you are in your personal account, you are given a wide range of options, in particular the selection of available markets, which can be sorted by type. (e.g. match winner, scorer, etc.).
3. Check the odds. There are no usual boxes with already set coefficients. Each user can set the odds they want.  It is possible to bet on either side of the market. Analyze all the available odds options to make your prediction;
4. Make a bet. In order to make a bet on the exchange’s website, all you have to do is simply select the outcome you want to wager and enter the desired bet amount in the box provided.
5. Access to opportunities during the game. It is possible to trade on a betting exchange during the game. This gives more flexibility than traditional bookmakers, where bets are taken before the match starts on a specific outcome and at specific odds.

Payment options on betting exchange sites

Top Indian Betting Exchange sites offer a safe and convenient betting option. In order to make a deposit a wide range of payment methods popular in India is offered. All methods are legalized on the official sites.

For withdrawing winnings, there is also a large selection of methods and all payments are made in a timely manner. The most popular and frequently used methods are credit and debit cards such as Visa and Mastercard. E-wallets and cryptocurrency are also great for depositing.

Deposit system

In order to make a deposit, it is enough to have an active gaming account, go to the Deposit tab and make a deposit. Each company sets minimum deposit amounts below which it is impossible to make a deposit.

Withdrawal system

Often, a large number of bookmakers offer the same payment options for withdrawing winnings that were used in the deposit. It may take from several minutes to several days to withdraw your winnings. It all depends greatly on the chosen method. Carefully analyze the proposed conditions, as well as the amounts for minimum withdrawals, since the betting exchange sets its own limits on amounts.

Betting exchange apps review

Mobile betting is a great option to bet on Indian betting exchanges at any convenient time. For this purpose, betting platforms have actively started to promote their mobile developments available for users of Android and iOS devices. Having a mobile app for betting on the exchange expands the possibilities and gives even more flexibility.

In order to be confident with the downloadable mobile application, it is important to choose a safe site with an officially issued license, and from the official site download the Betting Exchange app. Advantages of having a betting exchange app:

• User-friendly design;
• Compatibility with all modern devices;
• Minimum system requirements;
• Security of user and financial transactions;
• Large range of payment methods available;
• Cash-out options;
• Live streaming;
• Available updated data statistics;
• Availability of a large selection of sports betting;
• Round-the-clock technical support service.

Top 5 betting apps with the best betting exchange

Betting exchange apps are numerous and all of them are actively promoted by betting companies. Taking into account all the most important criteria that a mobile application should meet, the following top 5 applications have been selected:

№	Bookmaker	Bonus	Claim
1	Parimatch	150% up to 30,000 INR	Link
2	Dafabet	200% up to 20,000 INR	Link
3	Indibet	200% bonus	Link
4	1xbet	100% up to 20,000 INR	Link
5	Fairplay	300% first bonus	Link

Betting exchange sites: Advantages and disadvantages

The most important thing to think about is to analyze how suitable such a betting format as a betting exchange is. The comparison table carries information about the differences between traditional betting on a bookmaker’s website and a betting exchange:

Advantages

Disadvantages

Funds can be cashed out immediately after winning without waiting for the end of the match; The ability to set any desired odds; It is possible to bet on outcomes, which means betting on them to lose; Exchange betting can offer odds for backing selections; Lots of different ways to bet and traditional known bet types are available; If desired, there is an available option to use statistics. Players constantly use this option in order to make reliable predictions.

It may be impossible to get your bets to match all the time;Available bonuses and rewards are not that high;Betting limits are lower, which means that you need to control your bankroll;Some markets may not be available on certain betting sites.