What Is a Betting Exchange?

A betting exchange allows you to exchange bets with other players, just like yourself.

So instead of betting against the bookmaker, you are actually betting against other players when using a betting exchange.

Unlike a conventional sportsbook, the betting site does not make any money when you lose. They just make money on commissions by facilitating bets between players.

There are 3 overarching reasons why you should use a betting exchange:

1. Betting exchanges offer better odds
2. You get higher profits
3. You have more fun!

On a betting exchange, the odds are determined by the market. So if there are a lot of players who believe that Mumbai Indians will win against Chennai Super Kings, then the odds will swing in favor of a win for Mumbai.

This is good news for players who believe Chennai will win because this will make odds on a Chennai win very lucrative.

The higher odds that you get when using a betting exchange then result in bigger profits, which I’m sure we can all agree is a good thing!

Using a betting exchange is often way more profitable than using a conventional betting site!

And lastly, using a betting exchange is just way more fun than using a conventional betting site.

There’s something exciting about betting against other players, instead of always betting against a bookmaker who has miles and miles of statistics and data on their side.

Keep in mind: you should only do exchange betting with money that you are comfortable losing!

So now that you know more about betting exchanges, the next question is, which exchange should you use?

We compare the 3 best betting exchanges in India below. Pick the exchange which appeals to you!

How to Use a Betting Exchange

Now that you know which betting exchanges are the best in India, you may be wondering how to actually use a betting exchange.

If that’s the case, then the following guide is for you.

Follow the steps below to get started exchange betting in no time!

If you haven’t used a betting exchange before, you are probably wondering how it works. You may even be slightly confused by what all the different buttons mean.

But don’t worry - in this guide, we will show you all that you need to know about how to bet on a betting exchange, so you can start placing bets today!

Exchange Betting Explained:

When using a betting exchange, you have the option to either back or lay a bet.

• Backing a bet means you believe the outcome will occur.
• Laying a bet means you believe it will not occur.

So unlike a regular sportsbook, a betting exchange actually gives you the option to bet that a team will not win their match. This means you get rewarded if the opposite team wins, or if the match ends in a tie.

Arbitrage betting on an exchange

When using a betting exchange, it is possible to place arbitrage bets.

This means you are essentially betting on both sides of an outcome. Example: Mumbai Indians will win their match AND Mumbai Indians will lose their match.

This type of arbitrage betting is not allowed when using a regular sportsbook, however, it’s perfectly possible to do arbitrage betting on a betting exchange.

Essentially, this means that you have the opportunity to place a bet that only has positive/profitable outcomes for you (also known as a surebet).

Finding a good arbitrage betting opportunity, and learning how to place arbitrage bets on a betting exchange may take you some time.

Also, the profits are often gonna be quite limited before you really learn the ropes. But if you want to give it a try, then arbitrage betting via a bet exchange is perfectly legal and possible!

Now that you know how to use a betting exchange, it’s time to join an exchange and start placing your bets!

Which betting exchange should you join?

Although the few betting exchanges in India offer very similar products, we believe that one exchange is superior to the rest, and that is Parimatch.