Betting Exchange Sites in India 2023
What betting exchanges are available to Indian players? Find the answer in this article.
What betting exchanges are available to Indian players? Find the answer in this article.
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With a betting exchange, players can lay a bet through an online platform with the possibility of leaving the market at any point of time. Players compete against each other rather than against a bookmaker and if they win, no one will be able to close their account.
Betting exchanges that accept Indian Rupees and which are based outside of India are legal for Indian players.
Absolutely. With a betting exchange, players can earn cash in the long-term provided the right money management methods are followed and the various rules and operating methods have been learnt.
A bookmaker is traditionally the first place a potential punter seeks to bet. Often a person or an organisation, a bookmaker accepts and pays off bets – from their own money – on sporting and other events based on the odds they provide.
On the other hand, a betting exchange is a free market where users can decide their bets and act as bookmakers themselves.
There are various betting exchange strategies that are dependent on certain markets and odds to enter and exit the market in the event of earning profit or minimising losses. The strategies range from laying the tie, to bet the overs and dutching.
Cash out comprises of a mathematical calculation that divides the profit on all markets in order to obtain a certain amount of profit before the match concludes. This is where the difference comes in between betting exchanges and traditional bookmakers.
There are a number of sites that offer betting exchanges such as Betfair, Smarkets, Betflag, and Matchbook, along with many more.