If you are diving into sports betting, you may have heard the word betting exchange umpteen times. These are peer-to-peer betting platforms where you can bet on the outcome of your favourite sports. Here, we will delve into how sports betting exchanges work, how to choose the best ones and the list of best sports betting exchange sites in India.
What is a Sports Betting Exchange?
Simply put, a sports betting exchange allows bettors to bet against each other rather than the bookmaker. These exchanges do not have any middlemen, and you can bet straightforwardly to receive the best sports betting odds.
These betting exchange sites offer, and even allow, bettors to request the sports odds on diverse sports. You can use these exchanges for a small deposit instead of paying a middleman a handsome commission.
The bettors here bet against each other so the sports odds can be agreed upon. You can bet on national and international tournaments on Indian sports betting exchanges like SportsX9.
How does the Betting Exchange Work?
A sports betting exchange is slightly different from the traditional bookmakers, which is commission-based. On a betting exchange, you create your own ‘backing’ and ‘laying’ markets without depending on the bookie for the sports odds.
Let’s walk you quickly through the workings of a betting exchange.
- Sports betting sites take the bets and offer the odds on the outcome. Your bets will be facilitated by charging a small commission.
- You can set your odds by going head-on against the current sports odds set in the market. For example, if you think the Indian team will win an ODI match after going through market speculations, you can request to place a bigger price. Another bettor who thinks you are wrong can counter you over a loss.
- There are no side bets to be filled. One bet wager can also do well on a betting exchange.
- The ‘laying’ of sports bets makes it easier for customers to guarantee a return on the bets even if the odds have shortened.
Details on 10 Best Betting Exchange Sites to Bet in 2025
1. SportsX9
Pros
- 100% encrypted sports betting exchange offering live betting on national and international sports tournaments with bet slip options.
- Bet on popular sports like Cricket, tennis, soccer, etc., with a minimum deposit of INR 300. Get a 10% welcome bonus and 2% refill bonus.
- Offers competitive sports odds in the market with instant deposits and withdrawals.
- Join the betting exchange with easy steps to get your sports ID.
- Get 24*7 customer support with WhatsApp instant messaging.
Cons
- Do not accept cryptocurrency.
2. Parimatch
Pros
- Top parlay and in-play features make sports betting interesting.
- 150% welcome sports bonus of up to INR 20,000. Make deposits and withdrawals using USDT, cryptocurrencies, debit/credit cards, etc.
- Best sports odds market with a range of Cricket betting promotions available.
- Bet on live sports events and take away generous rewards.
Cons
- Limited customer service options.
- The sportsbook market is still developing.
3. Rajabets
Pros
- Bet using different types of wagers and predict scores using live betting options.
- Better security for mobile and desktop sports betting with an opportunity to place versatile bets on different tournaments.
- Live chat customer support along with WhatsApp chat and phone calls.
- Licensed and secured by the Curacao Gambling Authority.
Cons
- Withdrawals can take more than 12 hours even with modern payment methods.
4. 1xBet
Pros
- Bet on national and international sports tournaments including IPL, World Cup, etc. Get started by betting on your favourite sports.
- Cryptocurrency-enabled online betting exchange. You can make payments using e-wallets, net banking, and UPI.
- Get 24*7 customer support by calling the toll-free numbers or through live chat.
- Mobile sports betting is also available.
Cons
- Restrictions on many European and Western countries.
5. Megapari
Pros
- Live Cricket betting is available on this betting exchange along with other sports.
- Get the best sports odds for national and international tournaments and events.
- A licensed, secured, and cryptocurrency-enabled online betting exchange platform offering a 100% welcome bonus of up to INR 30,000.
- More than 50 payment options are available for the players including the benefits and bonuses.
Cons
- No iOS app for Apple users.
6. 10Cric
Pros
- Win lakhs of rupees playing cricket tournaments and other sports challenges. Get the highest sports betting odds on one platform.
- Bet on various sports such as Cricket, Soccer, Tennis, Badminton, Basketball, etc. The live betting option is available at this Indian betting exchange.
- Participate in Cricket challenges twice a week and earn boosters on this platform. VIP and loyal bonuses are major attractions.
Cons
- Limited customer support options are available.
7. FUN88
Pros
- Quick registration and sign-up lets you bet using the sports bonuses provided at this exchange.
- Carry out live betting on sports like Cricket, Football, Basketball, Ice Hockey, etc. In-play live betting option is also available where you can bet on ongoing matches.
- Get the best sports odds on SABA and FUN88 sports platforms.
- The wagering requirement is minimal at this cryptocurrency-supported online sports betting exchange.
Cons
- A few players faced problems with the withdrawal of their winnings.
8. 4RABET
Pros
- Choose from over 1000 teams to bet on every day. Live and line betting options are available for the players.
- Bet on your favourite sports such as Cricket, Soccer, Tennis, Table Tennis, etc. Many national and international tournaments are available for sports betting.
- Mobile sports betting is available for Indian players with a sports welcome bonus offer of up to 700%.
Cons
- Wagering requirements are quite strict on this platform.
9. MelBet
Pros
- Bet live on a variety of sports like Cricket, Table Tennis, Tennis, Badminton, etc. With one click check your bet slip options.
- You can play using various types of bets with special bonuses offered on Cricket and Football sports.
- A 150% sports welcome bonus of up to INR 40,000 is offered at this sports betting exchange. You have to wager it up to 7 times on the pre-live or accumulator bets.
Cons
- Fewer bonuses and promotional offers.
10. Dafabet
Pros
- Change your sports bets live by checking your favourite team into action. You can use any sports bet from over/under to total bets.
- Get a 160% sports welcome bonus up to INR 16,000 along with other bonanza, VIP, and cashback bonuses.
- Download and start betting live on your Android and iOS devices.
- Get 24*7 customer support through call and live chat options.
Cons
- Higher welcome deposit amount.
How to Choose a Betting Exchange?
You can choose the best betting exchange sites in India by checking out the following:
- Better Sports Odds
Bookies do not set the sports odds but the players at the sports betting exchanges. So, the bettors will receive the best prices on their bets because of the competition involved. The better the sports odds, the more players would register with an exchange.
- Check Out the Sports Bets
Before registering with the sports betting exchange, check the sports and the bet types offered by the betting exchange site. It can be moneyline, spreads betting, total accumulator, etc. If you are interested in any of these bet types, choose the particular sports bookmaker. Secondly, check the fees charged by the bookmaker’s site. It will give you a fair idea of how much you will pay as a fee when withdrawing your wins.
- Security and Licenses
You can choose to play at any of the betting exchange sites in India but do check for their licenses and security certificates. It is mandatory because you will be betting with your hard-earned money and providing financial information. A secured exchange will protect your personal and financial information from the hackers.
- Betting Limits
A betting exchange will not have any limit on the amount you can bet and win as compared to the traditional bookmakers. These exchanges are quite transparent and you can check out the pricing on the sports odds. This will help you make better decisions.
Play at a Reputed Sports Betting Exchange in India
A sports betting exchange is the future of sports betting in India providing the best sports odds and better chances to win. You can choose any of the betting exchanges according to your budget but SportsX9 stands out because of the benefits it offers. You can register with the platform easily and receive a 10% welcome bonus alongside refill bonuses.
Sports Betting Exchange Sites FAQs
Which are the most popular betting exchanges?
Well, there are numerous best betting exchange sites in India such as SportsX9, 1xBet, Rajabets, Megapari, etc. However, SportsX9 tops the list because it’s 100% safe, offers a wider sports betting market, provides innovative bet slip options, etc.
Are betting exchanges legal in India?
Until you are a licensed, trusted, and secured sports bookmaker there is no restriction on players to bet in India. However, you must check your state laws regarding the operations of betting exchanges.
Do betting exchanges charge fees?
Yes, a sports betting exchange charges a small fee when you want to withdraw your wins. It is lower as compared to the traditional bookmakers.
Can I use a betting exchange for live betting?
Yes, you can carry out live betting at the betting exchanges in India. It includes wagering on a sports event while the action is currently ongoing. In-play live betting is quite famous among sports betting sites.
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