Table of Content
If you want the best exchange betting app for betting, then we have curated a top list of exchange betting apps with in-depth research on them. This blog outlines some of the certified and people-choice applications that facilitate security, customizable odds, and back & lay betting options and much more.
Each exchange betting app is tested by industry professionals who are experts in betting on cricket, tennis, football, and other sports. However, always remember that gambling is a risk-oriented element, and we don’t encourage people to bet blindly. These apps are perfect places for exchange betting, but playing responsibly is only the part that you need to focus on.
Furthermore, it is highly advisable that no matter which apps you choose for exchange betting, always read their terms and use policies. This is an important aspect to consider. Now, let’s explore some of the best exchange betting platforms for fueling your betting needs.
Read More: Cricket API Provider In India
But wait! Do you even know what exchange betting is? Let’s put some light on this section first.
A betting exchange is slightly different from regular betting on sports. Exchange betting is a platform that allows users to place bets on events against other players. The platform provides users with odds to bet on, however, they can also customize them. So, basically, it allows bettors to bet against each other rather than a bookmaker. This enables bettors to act as bookmakers and set odds at different events or customers by backing the odds set by other players.
As the name suggests, players set odds, and other players back it by setting their own odds on the same event. For example, let’s suppose there is a match between Barcelona and Real Madrid. So, you bet on Barcelona winning, but other players disagree and place a bet on Real Madrid winning. Other players offer odds of 2.00 that Barcelona won’t win.
The bet amount you and other players place is $20. So, if Barcelona wins that game, you win that $20 bet amount, and other players lose as they place a bet on Real Madrid. This is how sports exchange betting works: players place bets on odds created by other players for the event. Exchange betting apps are places where you can play betting games. There are different types of software available, such as betting exchange arbitrage software, that works nearly the same as betting exchange platforms.
Read More: How To Make a Betting Website
Understanding exchange betting is simple, as there are no complex betting options. Now, let’s jump right into the list of best exchange betting apps in India.
Our aim is to give users all the information about the best betting exchange apps available in India. Therefore, we have made a list of the best exchange betting apps that have set their popularity level high in the market. They offer top features and exceptional betting experience on your smartphone.
The apps mentioned in this list get selected based on their market reputation, reliability, user interface, security, payment options, variety of sports markets, and competitive odds.
Whether you’re looking for a user-friendly interface, extensive sports event coverage, exceptional betting features, or several betting options, these exchange betting apps will provide you with your every betting need. So, let’s explore some of the best exchange betting apps.
Crickex is a top cricket exchange betting app if you like fewer complications in placing bets and all. In this app, you can find all the latest updates and news about sports, especially cricket stories. As the name suggests, you can place bets on different cricket events with a few clicks.
The app also supports all the core functionalities of the official website: depositing, withdrawing, live chat support, live streaming, and reading resources. You can choose a wide range of events to bet on while using this betting exchange, including sports, cockfighting, casinos, slots, tables, crashes, and lottery games.
The app is available on Android platforms, and you can download it from its official website. Also, there are many payment modes available, such as UPI, PhonePe, Paytm, IMPS, iPay, Bank Deposit, etc., making transactions more convenient for users.
Ratings & Reviews of Crickex
Bonus Offer 🢥 ☆☆☆ 3.0 / 5.0
Variety in Bonus 🢥 ☆☆☆ 3.0 / 5.0
Mobile Experience 🢥 ☆☆☆☆ 4.0 / 5.0
Payment Selections 🢥 ☆☆☆☆ 4.0 / 5.0
Betting Experience 🢥 ☆☆☆ 3.0 / 5.0
Overall Rating 🢥 ☆☆☆☆ 4.0 / 5.0
What’s Good & What’s Not
Pros
⮩ Wide range of Indian-based cricket betting events.
⮩ App is available for Android/iOS.
⮩ 24/7 customer support.
⮩ Fast and secured UPI payment methods.
Cons
⮩ Bonuses and promotions are not as great as compared to what others are offering.
In Fun88, you can find major sports events on which to place bets. With pre-match-betting, live-match-betting, and match outcome, Fun88 makes online cricket betting fun and engaging with special bet-type combinations.
This is one of the finest exchange betting apps that includes great exchange betting odds for players. The platform, regulated by the UK Gambling Commission, has been a reliable sports betting medium for over ten years.
The betting exchange on Fun88 runs smoothly and supports all standard payment options like Skrill and bank transfers in the local currency.
Read More: Sports Betting Software Development
The app also fosters a betting market where you can compete with other bettors, which gives you a competitive gaming experience depth. You can use other financial options like cryptocurrency, which has a friendly payment system like UPI.
Ratings & Reviews of Fun88
Bonus Offer 🢥 ☆☆ 2.0 / 5.0
Variety in Bonus 🢥 ☆☆ 2.0 / 5.0
Mobile Experience 🢥 ☆☆☆ 3.0 / 5.0
Payment Selections 🢥 ☆☆☆ 3.0 / 5.0
Overall Rating 🢥 ☆☆☆☆ & Half 4.5 / 5.0
⮩ One of the leading and most trusted betting sites.
⮩ Great range of cricket betting events.
⮩ Indian-specific platform.
⮩ Amazing bonus offers for new and old users.
⮩ Registration process is sometimes too slow.
Dafabet is a bet exchange app available on both iPhone and Android platforms. That app has a clean and attractive interface designed to be highly user-friendly. Downloading the app is not a hard task; the download options are available on their official website. The app also offers huge bonuses and other promotions for making your gaming experience more engaging.
Read More: Sports Betting App Development Cost
The Dafabet cricket betting app offers you a wide range of sports, such as cricket, tennis, football, basketball, table tennis, etc. The only drawback of Dafabet sports betting exchange software is that it doesn't have live streaming functionality in their mobile app. Although their in-play features are very popular in the betting industry, they make it one of the leading exchange betting companies.
Ratings & Reviews of Dafabet
Bonus Offer 🢥 ☆☆☆☆ 4.5 / 5.0
Variety in Bonus 🢥 ☆☆☆☆ 4.5 / 5.0
Mobile Experience 🢥 ☆☆☆☆☆ 5.0 / 5.0
Payment Selections 🢥 ☆☆☆☆☆ 5.0 / 5.0
Betting Experience 🢥 ☆☆☆☆☆ 5.0 / 5.0
⮩ Good coverage of major sports events.
⮩ Amazing user interface.
⮩ Excellent customer support.
⮩ Large range of convenient deposit options for Indian players.
⮩ High wagering requirements for welcome bonus.
With a new exchange interface, SatBet is a new horse in the best exchange betting app in India. The app has easy-to-use navigation, simple one-click betting options, and a variety of options in sports for a betting exchange. In-play markets offer you real-time updates of odds changes, which is really impressive.
Also, you can check upcoming events such as cricket, soccer, tennis, rugby leagues, politics, etc. The app has a wide range of payment options, including the common ones that everyone uses, like UPI, Paytm, IMPS, Bank Deposits, GPay, and many more, making the transactional system more convenient and secure.
Read More: MLB Betting Software Development
Ratings & Reviews of SatBet
Mobile Experience 🢥 ☆☆☆☆☆ 4.5 / 5.0
Payment Selections 🢥 ☆☆☆☆☆ 4.0 / 5.0
Betting Experience 🢥 ☆☆☆☆☆ 4.0 / 5.0
⮩ Good coverage of major sporting events.
⮩ Indian Betting Exchange
⮩ Convenient payment options
⮩ Limited contact options.
BetWinner is a global brand that offers betting exchanges in India. With a fabulous interface, responsible gambling, a secure platform, popular events, and sports, you get everything right under your fingertips.
You can download the BetWinner app for iOS or simply visit BetWinnerapp.com from your iPhone or iPad. In the app, there’s a section of tournaments in which you can participate to win big prize money regularly.
The payment options are suitable and include Crypto transactions, UPI payments, Bank Deposits, Cards, IMPS, and many more. The platform offers great odds that you can set according to your preferences in any matches or events.
Bonus Offer 🢥 ☆☆☆☆ 4.0 / 5.0
Variety in Bonus 🢥 ☆☆☆☆ 4.0 / 5.0
Payment Selections 🢥 ☆☆☆☆☆ 4.5 / 5.0
⮩ Variety of sports and events available
⮩ Modern betting exchange designs
⮩ Emphasis on sportsbook
⮩ No Curacao license.
Using betting exchange apps is one of the exciting ways to start your sports betting journey. Exchange betting allows you to bet against other bettors rather than the bookies. This peer-to-peer betting opens opportunities to win your bet at better odds as compared to traditional bettors. There are numerous bet-in exchange apps available in the market, such as the betinexchange app, tiger exchange betting app, Betfair exchange apps, etc.
Read More: Sportsbook API Provider
They are all great to use, offering you diverse sports events and options for betting exchanges in India. However, for experienced users, using exchange betting apps and sites is not a hard job, but for newbies, it can be difficult. Understanding each bet type and function and using bonuses, promotions, and other things to maximize winnings is crucial.
Here, by following this step-by-step guide on using exchange betting apps, you can easily start betting in no time:
Download the App of Your Choice
To download an exchange betting app, you need to visit the official website. For example, if you want to download the BetWinner app, then you will need to visit their official website. These exchange betting apps are not available on the play store as Google does not allow publishing gambling applications. Therefore, to download your choice of bet exchange app, choosing popular betting exchange sports betting sites is the only way. So, pick the site, look for a download option, and follow the steps the platform shows you.
Placing a bet in an exchange betting app is simple as you get an option of a one-click bet that is automatically set by the pre-defined odds. However, you can set odds according to your preferences.
In the app, you can place a back or lay bet on any market. So, if you place a bet on the 'back' market, you are betting on something happening (e.g., India winning), and you act as a bettor.
But, if you place 'Laying,' you are betting on something not happening (e.g., India not winning), and you act as the bookie.
'Backers' and 'Layer' are then able to match themselves up via these betting exchanges, and then the best is set.
Read More: Where is Sports Betting Legal in India
Moreover, these exchanges charge a commission of the winning on either side that varies from site to site. Usually, they charge around 2% to 5%, which is how the platform generates revenue or makes the funds needed to operate.
Are betting exchanges legal in India?
Yes, betting exchanges with valid licenses are completely legal in India.
What are back and lay bets?
In Exchange betting, a "back bet" is a traditional bet in which you wager on something happening (e.g., Team A Winning). A "lay bet" is the opposite of a back bet, where you bet on something not happening (e.g., Team A losing).
What is commission, and how is it charged?
The commission is a fee charged by the exchange betting site operators, typically for your winnings; each platform charges a different fee; for example, the Betfair betting exchange app charges a 5% fee on your net winning on an exchange market. However, in most cases, it's usually deducted from your profit on a winning bet.
DC Kumawat is the CEO of Orion InfoSolutions, a leading provider of IT solutions to businesses of all sizes. He has over 14+ years of experience in the IT industry. He is a passionate advocate for the use of technology to improve business performance.