Betting Exchange Sites in India
Find out all you need to know about the top betting exchanges in India and what they have on offer.
Best Betting Exchange Sites in India
Company | Bonus | Pros and Cons | Cricket Markets | Link |
---|---|---|---|---|
#1 |
200% up to ₹20,000 Use Bonus Code "IPL2025DAFA" |
Pros and Cons |
Cricket Markets
50+ | |
#2 |
300% up to ₹20,000 |
Pros and Cons |
Cricket Markets
100+ |
Betting Exchange - The Ultimate Guide!
A betting exchange is a unique way of enjoying sports betting because you don’t play against the bookmaker but actually bet against players.
This creates an enjoyable and immersive experience, where odds change frequently and users enjoy competing against one another.
However, betting exchanges are not as straightforward as standard betting. And online betting newbies might struggle to learn how to bet using betting exchanges.
This is where MyBettingSitesIndia comes in - we have created the most detailed and exhaustive guide to betting exchanges.
Our guide not only includes instructions on how to use betting exchanges, but also a short list of all the Indian betting exchange sites that you can use.
Table of Contents
Here is a rundown of the entire betting exchange guide:
No. 1 Betting Exchange Site in India

What is a Betting Exchange?
A betting exchange is a platform where players bet against each other, rather than against the bookmaker.
To help you gain a better understanding, let's look at things in a normal sports betting context: the bookmaker provides you with the odds, and you place your bets.
The betting exchange operates rather differently in that you play the role of the bookie by setting the odds yourself. Other punters can bet against you by taking an opposing stance.
For instance, you could consider betting on the Kolkata Knight Riders to lose a match, while other fans might opt to bet on them to win. In this scenario, your wager on KKR winning will be pitted against those who bet on KKR losing.
Usually, when playing using a betting exchange, the bookmaker takes a small commission on the winnings - that’s because they don’t win any money if the players lose.
If you lose, your money goes into the pockets of the players who bet against you!
Placing a bet on a betting exchange can be a breeze! Just choose your favourite event, select the market that catches your interest, and set the odds and stake that feel just right for you. And there you have it!
Note: One key reason why many punters in India seek betting exchanges is that these exchanges offer more favourable odds compared to conventional sportsbooks.

Lay and Back on Betting Exchanges- How does it Work?
So, essentially, there are two kinds of bets you can make on a betting exchange:
Laying a bet means that you are betting against an event happening.
Backing a bet means that you are betting that an event will occur.
When you lay a bet, it's quite similar to being a bookmaker; you must pay out potential winnings if the bet loses, but you can collect the stake if it wins.
Making Things Clear with an Example
In a Mumbai Indians- Chennai Super Kings match, you'd be able to lay a bet on the Mumbai Indians at odds of 1.85, and the amount at stake is ₹1000.
If the Mumbai Indians win, you'll lose ₹850, whereas if they lose or tie the game, you win ₹1000.
Let's switch things up for a while. Let's say you back the Mumbai Indians to win at odds of 2.25, with a stake of ₹1000.
If MI wins, you'll win ₹1250. However, if MI loses or just manages to tie the game, you'll end up losing your ₹1000 stake.
Some punters in India love the freedom that betting exchanges provide since bookmakers can't restrict bets if there's a player to bet against.
Before we delve into the benefits and drawbacks of betting exchanges, let’s introduce the Indian betting exchange sites!
List of Betting Exchange Sites in India
Host to two separate sportsbooks, Dafabet features a dedicated betting exchange catering to punters who prefer higher prices and favourable odds.
The Dafa Sports exchange effectively covers the essentials, providing key markets for bettors to back and lay their bets across five sports: cricket, football, tennis, basketball, and table tennis.
Although the range of sports in the exchange pales in comparison to what's available on the sportsbook, there are still plenty of exciting markets to explore, particularly for cricket enthusiasts.
Between pre-match bets, in-play bets, and futures, there's plenty to wager on Dafabet's betting exchange - all accessible through its straightforward user interface, which makes navigation easy.
Dafabet also offers a very mobile-friendly experience, with both a well-optimised mobile site and Android and iOS apps.
Key Features of Dafabet's Betting Exchange in India
- More than adequate selection of markets.
- Pick from pre-match, live, and future bets.
- 5+ sports featured on the betting exchange site with live stats and live-streaming features.
- An attractive welcome offer with wagering requirements that are easy to meet.
Note: Dafabet's welcome bonus does not apply to lay or back bets made in their exchange. Click the link above to learn more about the current exclusive exchange reload bonus they are offering.
Fun88 takes things to the next level with its Indian betting exchange, offering a fantastic variety of markets that encompass several key sports popular in India.
Betfair, a leading name in the betting exchange world, supports Fun88, creating a fantastic experience for laying and backing bets.
Fun88's user interface clearly shows your estimated profit when you back a bet and your estimated liability when you lay a bet, so you know full well how much you stand to gain or lose before you take a position.
While the Fun88 betting exchange offers a limited range of sports- cricket, football, and tennis- the extensive array of cricket markets is remarkable. For a random IPL match, the number of cricket markets exceeded 120, which is extraordinarily high for a betting exchange in India.
Key Features of Fun88's Betting Exchange in India
- Presents a number of betting markets across cricket, football, and tennis.
- Over 120+ markets for an IPL cricket game and 70+ special markets for futures.
- Comes stocked with pre-match, in-play and special markets categories .
- A lucrative 288% welcome bonus offer with an extra 100% bonus incentive for punters depositing within 30 minutes.
Key Features to Look For in Indian Betting Exchange Sites
Here are some features we usually keep in mind when we rank and review betting exchange sites for you, our readers.
If you start to identify these factors and how each betting exchange site performs against them, you can also easily tell which sites or apps are worth your time and money.
Betting Exchange Features
- 💰 Bonus Offer
The bonus offer that a betting exchange site has for new users is perhaps the most important as well as the first thing that we notice about the site. A good bonus offer can set you up for a nice betting experience.
When looking for a bonus offer on betting exchange sites, we try and make sure that there is an attractive sports bonus on the site, one that can be used to play on the betting exchange as well.
- 📜 Betting Variety
While having a betting exchange is already pretty good evidence of betting variety, we do look for more types of betting when looking for a good site.
We generally prefer betting exchange sites that also have traditional betting markets with odds provided by the bookmakers, because those have an experience of their own.
We also rate those betting exchange sites higher that also have a good number of sports betting options on their betting exchange, so that players do not feel restricted when betting on their favorite sports.
- 📱 Mobile Experience
One of the standout features of any great betting site, and similarly for betting exchange sites, is that they focus a great deal on offering a solid mobile experience. These exchanges are designed in such a way that users can access pretty much all the features, whether it's via a betting exchange mobile site or through a betting exchange app. Naturally, betting exchange apps typically offer a much-enhanced mobile experience compared to mobile-responsive sites, but there are still some impressive mobile sites out there that can provide a fantastic experience!
- 💳 Payment Options
Moving funds in and out of your betting account is a key factor that distinguishes the great betting exchanges from the good ones. This applies to betting sites as well, but it is more of a prerequisite for betting exchanges, in particular, given how quickly the odds can change, which adds to the volatility.
In some situations, you might be required to make more than a few deposits into your account so as to ensure you don't miss out on an opportunity to back or lay bets. That's precisely why it helps to sign up with betting exchanges that not only provide multiple payment methods but also facilitate adding funds instantly to your account!
- 🎮 Betting Experience
How is the betting experience different from betting variety or mobile experience, you ask? Well, the betting variety tells us what kind of sports are featured on a betting exchange site, while mobile experience talks about the mobile-friendly features of a site.
When we look at the betting experience, we actually look at the various features that a betting exchange site has for its players. For example, a betting exchange site that had live streaming options would be rated higher than one that did not. On the basis of the betting experience of a site, our team of expert punters decides which betting exchange sites are better for you!
Best Betting Exchange Sites Compared!
Check out how two of the betting exchange sites from our list measure up on the different features we just explored.
This comparison guide will help you make a more informed decision about which betting exchange site to use for your own betting experience!
Why Use Betting Exchange Sites?
In this section, we will explore the various benefits of using betting exchanges over traditional bookmaker bets. Betting exchanges definitely offer a pretty unique experience, but you can only decide whether you would enjoy the experience based on the pros and cons of using them.
Pros of Betting Exchange Sites
- 👍 Betting exchanges provide more choices!
Betting exchanges allow players to place more kinds of bets. That’s because players don’t only need to depend on the bookmaker to provide odds for a certain bet. If a player wants to make a certain bet that might not be offered by a bookmaker, all they need to do is to find another player that will play against them.
Therefore, players have more freedom when it comes to choosing what kind of bets to make, as long as there is another player that will place a lay bet against them!
- 👍 Betting exchanges have better odds.
In traditional online betting, the odds are decided by the bookmaker, which means that not all betting sites are guaranteed to give you the best odds or the highest odds. But on betting exchanges, the odds are decided by thousands of people that are placing different bets at the same time. This means that betting exchanges usually provide higher odds than traditional betting markets.
- 👍 Betting exchanges give you more flexibility!
Since odds in betting exchanges keep changing pretty quickly, players have plenty of options when it comes to changing their bets or odds, depending on how the match is proceeding. So if you backed a certain team, and they seem to be losing as the match progresses, you can always cash out and instead lay a bet against them.
That kind of flexibility is usually not available in traditional betting sportsbooks.
Cons of Betting Exchange Sites
- 👎 Betting exchange sites are too complicated for beginners.
While betting exchanges are plenty of fun for experienced players, they can be too overwhelming for beginners. If you’re someone who is not an expert at understanding betting odds or are just starting out with betting online, we recommend using traditional bookmakers. That’s because they allow you to place bets from even days before the match actually takes place. On the other hand, the live fluctuations of betting exchanges can often be too much for a beginner.
- 👎 Betting exchanges have limited sports.
Another drawback of betting exchanges is the lack of options when it comes to the number of sports you can bet on. Oftentimes, betting exchanges only feature bigger sports such as cricket, football, or tennis. You will find that many betting exchanges don’t actually feature horse racing, esports, or even kabaddi, which might be something that’s less popular but still manages to interest many players. For those players, we recommend using traditional bookmakers.
How to Use Betting Exchange Sites
In this section, we will take you through the step-by-step process of using betting exchange sites. Starting with creating a new account on a betting exchange site to finally placing bets on the exchange, here are the steps on how to use betting exchange sites!
A Step By Step Guide to Placing Bets in Indian Betting Exchange Sites
The first step to using a betting exchange is to identify a website or app that features one and sign up for it.
As discussed before, here are a couple of the best betting sites that have betting exchanges:
While the registration process may differ for each betting site, it will generally ask for your personal information, followed by your contact details, and your username and password.
Be sure to enter your details carefully to make sure you can access your betting exchange account later!
After signing up, you can deposit money into your betting exchange account. These are some of the most popular payment methods you’ll find on these sites:
UPI
Netbanking
Paytm
PhonePe
Google Pay
Cryptocurrency
Skrill
Neteller
Astro Pay
Once you have deposited money, check if there is a welcome bonus to claim - most sites offer one.
Claim the bonus, and then you can start betting with an increased amount!
With a funded account, you can now start to use the betting exchange. The first and foremost step would be to familiarise yourself with the betting exchange available on the betting site or app.
Next, you can check the sports betting markets available on the betting exchange. Within each sport, you will see all the live matches on which you can place bets. From this list, you can choose the match you’re interested in.
Once you open the match, you will see the various kinds of bets you can make on that match. For each type of bet, you have the option of either backing or laying.
Depending on what you choose, you can add the corresponding odds to your bet slip.
Next, enter your stake and place as many bets as you’d like!
How do you win on betting exchange sites?
While there is no one right or wrong way of winning on betting exchanges, there are a few things you can do to boost your odds of winning.
Number one, you must learn more about how betting exchanges work. Because of the frequently changing odds and the many types of bets you can make, it can be easy to slip up and make a bet that you didn’t want to make in the first place!
Another feature that you can use is that of cashouts, which allow you to take back some of your money if your bet is losing. Cash outs allow you to cut your losses and try again another day!
Last but not least, there is also something called arbitrage betting. Arbitrage bets are when players bet both for and against an outcome. For example, you put money on both Chennai Super Kings winning AND losing a match.
Betting exchanges allow you to place arbitrage bets in an expert way - however, arbitrage bets require a lot of knowledge and calculations to go into them. So be sure to read up before you try them!
Betting Exchange Apps
It is also possible to use betting exchanges on mobile apps. While we usually recommend sticking to a website when you’re interested in betting exchanges (simply because they are more user-friendly), you can choose to use betting exchange apps as well.
Luckily, all the best betting sites also have betting exchange apps. Here are the top 3 betting exchange apps in India!
Top Betting Exchange Apps in India

Dafabet App
✔️ Decent betting exchange app.
✔️ Also has a desktop app.
✔️ Live stats and live streaming options.
✔️ 5+ sports on the exchange.

Fun88 App
✔️ Betting exchange powered by Betfair.
✔️ Tons of regular promotions.
✔️ Great user interface on the betting exchange app.
✔️ Quick withdrawals.
Betting Exchange - Frequently Asked Questions
Not many betting sites actually feature a betting exchange in India. However, we have found at least three super high-quality betting exchange sites from which a player can choose if they wish to bet through exchanges. Here are the top 2 betting exchange sites in India, which our team of betting experts has chosen after trying out around half a dozen betting exchanges advertised in the Indian market.
Top Betting Exchange Sites in India:
Yes, betting exchange sites are legal in India. That's because the Public Gambling Act of 1867, which is followed in most of India, does not prohibit any kind of online betting activities, which happens to include betting exchange sites.
If you wish to understand gambling laws in more depth, feel free to consult our detailed guide to legal betting sites by clicking on the link below.
Betting exchanges allow players to bet against each other, instead of against the bookmaker. How that works is that there are two types of bets that players can make - a back bet or a lay bet.
Backing a bet means that the players are betting on an outcome to happen. On the other hand, laying a bet means that players are betting on that outcome to not happen. For example, a player betting on a match between Chennai Super Kings and Gujarat Titans can make four types of bets:
- Gujarat Titans will win.
- Gujarat Titans will lose.
- Chennai Super Kings will win.
- Chennai Super Kings will lose.
Because of this feature of backing and laying bets, the betting exchange offers more fluctuating but higher odds.
Because of their nature, betting exchanges have both advantages and disadvantages over traditional betting. Here are the pros and cons of using betting exchange sites in India.
Pros and Cons of using Betting Exchanges:
✔️ Betting exchanges provide more choices of bets you can make.
✔️ Betting exchanges have better odds than traditional bookmakers (however, the bookmaker will take a small cut from your winnings).
✔️ Betting exchanges give you more flexibility with the kind of bets you can make.
❌ Betting exchanges are too complicated for beginners.
❌ Betting exchanges have limited sports betting markets.
Betfair is the most popular betting exchange site in the world and was the first bookmaker to create the concept of a betting exchange. However, Betfair is not available in the Indian market, which is a bit of a pity. However, there is a replacement for the Betfair exchange, and that's Fun88.
Fun88 actually features a betting exchange that is powered by Betfair, which means that it offers you the closest experience to the original betting exchange by Betfair.
You can try the Fun88 betting exchange by clicking on the link below.