Betting Exchange Sites in India 2021
One of the more interesting aspects of sports betting is that of sports betting exchanges. They allow the bettor to set the odds for a given market, rather than having to rely on a bookmaker.
While these are nowhere near as popular in India or elsewhere in the world as the likes of fixed-odds sportsbooks, they do have a place in the space. This guide looks at the ins and outs of betting exchange sites in India today.
What is a sports betting exchange?
The idea of a sports betting exchange may initially sound a bit confusing to a lot of people, but once you dig a bit deeper you will quickly learn of the many benefits associated with using this type of offering.
It gives extra tools to bettors to profit through their betting, which can only be a good thing. This does not mean that you need to use betting exchanges yourself, but at least you have knowledge of the pros and cons associated with these offerings.
A betting exchange effectively allows anyone to be the bookmaker. You can set the odds for a certain cricket match for example and other users on the platform can accept the bet and place a wager on it. This is an easy way to bet against an event happening.
For example, if you think that Manchester United is not going to beat Liverpool in a match, you will create a match winner betting market for Manchester United. If someone places a wager on this market and Manchester United fail to win, you will profit as a result. Therefore, you are betting against Manchester United winning.
On the flip side, a sports betting exchange often gives bettors the opportunity to find better odds than they would at a normal sportsbook. This is because those setting the markets on the exchange will often offer better odds to get people to place bets on these markets.
Aspects of using a sports betting exchange
There are different types of bettors who use sports betting exchanges. There can be arbitrage opportunities in some cases, while others simply want to lay (bet against) a certain team or athlete. Value seekers will often trawl exchanges to find better odds for a given market than they would at a fixed-odds site.
The most complex part of using a betting exchange is trading the various prices. This involves you quickly entering and exiting markets before or during an event to scalp profits along the way.
- Arbitrage opportunities
- Lay bets
- Value seekers
Your chosen use of an exchange will be completely up to your needs and preferences. Whatever the case may be, it could be a potentially strong tool for you to incorporate in your overall betting strategy. The signup process only takes a few minutes and you will usually be able to get your hands on a nice welcome free bet offer at the same time.
Best Strategies for Exchange Betting
If you are interested in one or more of the ways to use a sports betting exchange, then you may be interested in learning a few of the best strategies and trying to apply them for yourself. Here are some popular strategies for sports betting exchanges in India today:
The main difference between traditional sports betting sites and an exchange is that you can ‘lay’ a bet through an exchange. This means betting against a certain outcome, which is the opposite of what you do when betting on a normal sports betting site.
This means that you have an extra choice when betting, to bet for or against a certain event, providing you with more opportunities to potentially profit. Therefore, if you think a certain cricket team will not win a game, you can lay this team.
You can get your bet matched on an exchange by other users who believe that your bet will not be successful. Therefore, they will be laying what you think is set to happen. You are able to set the odds, with no middle man being in place.
If your bet is a winner, you will normally have won at odds that are more than you would get with a normal sportsbook. Therefore, in the long run, an exchange can greatly boost your overall returns on winning bets.
The odds on the various exchanges will tend to move around a lot more than what you would see with normal bookmakers. This is something you can take advantage of if you know what to look for.
If the price for a cricket team winning a game starts to drift out and come back to the original price, you are able to take advantage when these odds are at their greatest. This is something that will gradually boost your bottom line from winning bets over time.
No cautious bookmakers
With traditional sports betting sites, you will be dealing with operators that are looking to minimize their downside as much as possible across their entire offering. With sports betting exchanges, you are able to take advantage of everyday people who may be offering generous odds due to them not having great knowledge of a given market or they are ultra-confident of a certain outcome happening.
This means that if you are patient and keep a close eye on new odds, you can take advantage of these types of people who are offering lucrative odds.
Back to Lay Wagering
If you are more of a conservative type of bettor and you want to minimize your potential losses as much as possible, you can achieve a nice hedging strategy thanks to sports betting exchange sites. You are able to bet on both outcomes of a given event thanks to exchanges. This means that you can minimize your downside for a certain outcome.
How to find the best sports betting exchange sites?
There is not a whole pile of different sports betting exchanges out there today. There tends to be a handful of leading options that attract the bulk of bettors. This is important because liquidity in an exchange is very important this means that there are enough players and money that there will be sufficient betting markets and that your bets are going to get matched.
As well as liquidity, another important factor to consider before signing up to a sports betting exchange is that there will normally be a commission charged by the platform on certain bets. You should be fully aware of these types of costs and take them into consideration when it comes time to make your decision.
- Strong liquidity
- Commission charge
- Welcome bonus
Finally, there are often some great welcome bonus offers that you are able to get your hands on with these sports betting exchanges. This can be a great boost when starting off, allowing you to learn the ropes without having to risk too many of your own funds. These types of welcome bonuses are usually in the form of a free bet of some shape or size.
A sportsbook or sports betting exchange?
Some people may be wondering if it is better to go with a sportsbook or a sports betting exchange. The answer is that you can use both of these platforms to equally strong results. You don’t have to choose between one or the other.
It is likely you will use one of the options a lot more, but you don't have to confine yourself too much. If you are a bettor who is looking to maximize your return as much as possible, it makes sense having as many tools in your armory as possible.