Betting exchange in sports is a category that is a bit less famous than traditional sports betting.
It is more of a marketplace for people to bet on specific sports but within closely regulated markets. Not any newbie can go out and about to set up an account on the sports betting exchange site and start playing.
In this article, we will explore the exchange sports betting genre and where players from India can experience it.
What is a Sports Betting Exchange?
The idea behind sports betting exchange is identical to traditional sports betting. However, only high rollers get invited to participate and play on these sites.
Sports betting exchange sites make their profit by accumulating a commission from each bet they offer to gamblers. The first site to offer this option started operating in 2001; since then many other sites have also been offering sports exchanges.
Pros of Sports Betting Exchange
Players who are restricted by the mainstream Bookmakers online due to winning too much money, tend to access those sites to bet freely. On sports betting exchange sites, these Players are allowed to bet unrestricted sums of money, as long as there is someone to match their bets.
Another great benefit of a betting exchange is that they tend to offer better odds than the mainstream sports betting sites.
Cons of Sports Betting Exchange
On the other hand, sports exchanges do not offer many markets, limiting Players’ options. So, this could be a great side hobby for a one-time big bet for those who generally enjoy betting on many games on well-known sites.
Another major disadvantage of betting exchange sites is that they don’t offer accumulators or multiples in most instances.
Backing & Laying
There are, however, two aspects that are only applicable to this sports betting category.
Backing is the action that is performed when a player bets on a particular outcome to happen for a sports match. Laying is the action that the player bets on a sporting event, for the outcome to not happen.
Betting exchanges allow their users to perform both of these actions; in other words, this system is more of a free-market approach to sports betting, with the regulator accumulating some fees for the accommodation of the Players.
In-play betting is also available here, but in some cases, it might be restricted by the site operator.
Which is the Best Sports Betting Exchange Site?
The answer to this question is pretty straightforward, Betfair offers the best exchange experience. This site offers the biggest variety of markets in the globe, as well as sports options.
The commission that this particular site charges bettors is one of the lowest; for UK customers it is only 5%, and this can even be reduced further if you have accumulated enough Betfair points by betting on the site for some time.
Betfair also offers Players a live-streaming option of the matches, as well as live betting options. The updated odds during the match highlight how other Players act in terms of Backing and Laying. The markets offered by Betfair to Players include:
- Premier League
- Bundesliga
- La Liga
Unfortunately, there is one huge drawback with this, Betting exchange with Betfair is not available in India.
So players end up going to Diamond exchange, Satsport exchange, and Satfair exchange which offer exchange betting but these are only accessible through invite and have a strict verification process.
In case you want to experience the exchange betting on sports right away, there is Dafabet. No need for an invitation on this one, proceed to the Dafabet website from our site, and all you need to do is open an account with your basic details.
Last Thoughts on Sports Betting Exchanges
Normally, high rollers from India would be into sports betting exchange. Unfortunately, the biggest betting sites don’t offer this option just yet. However, with alternatives like Dafabet and 10CRIC, the bets and the markets available are as satisfying as the betting exchange is.
