Betting exchange websites provide an alternative method to bet on sports events in India. These sports bookies let users wager against each other instead of against the bookmaker.
Our comprehensive guide digs deeper into top betting exchange sites in India to let you know which platform is ideal for your betting needs online. It will also explain how each site works, its pros and cons, and other crucial details.
Top Betting Exchange Sites Available in India
Below is the list of all available platforms for exchange betting in India:
| Betting Operator | Welcome bonus | How to join |
|---|---|---|
| Dafabet | 200% up to ₹30,000 | Click here |
| Fun88 | 300% Welcome Bonus Up To ₹20,000 | Click here |
| Indibet | 200% up to ₹10,000 | Click here |
- Top Betting Exchange Sites Available in India
- Betting Exchanges in India – Compared
- Betting Exchange Apps in India
- Most Popular Betting Exchange Payment Methods in India
- Available Sports on Betting Exchanges in India
- Exchange Betting Customer Support
- Betting Exchanges in India – Rated
- How Do Betting Exchange Sites Work?
- Why Should You Use an Online Betting Exchange?
- Conclusion
- Betting Exchange Sites in India FAQs
Betting Exchanges in India – Compared
The following is a breakdown of our top three betting exchange websites in India, along with their features.
| Features | Dafabet | Fun88 | Indibet |
|---|---|---|---|
| Welcome Bonus | 200% up to ₹30,000 | 300% Welcome Bonus Up To ₹20,000 | 200% up to ₹10,000 |
| Sports Offering (Exchange) | 5 | 4 | 2 |
| UPI Deposits | Yes | Yes | Yes |
| App | Yes | Yes | Yes |
| Commission Fees | Average (Not specified) | Low (4% on winnings) | Average (Charges dynamic commission) |
Dafabet Betting Exchange – Pros and Cons
-
Dafabet
89 /100160% up to ₹16,00018+. 160% FDB up to ₹16,000. Maximum Sports bonus is ₹16,000. Wagering requirement: 15x (Deposit + Bonus) on odds 1.50 and above to be able to withdraw. Bonus code: DSFDB160INR. T&Cs Apply. Visit site- Strong reputation
- Broad selection of sports
Dafabet is a renowned gambling platform for betting exchange services. It provides a broad assortment of sports on its exchange when compared to Indibet and Fun88. Moreover, the operator offers competitive odds on famous sports.
However, pay attention to the commission fees, which might be a bit higher than those of a few competitors.
See the table below for the pros and cons of the Dafabet betting exchange.
| PROS | CONS |
|---|---|
| A broad selection of sports – The platform provides a wide range of sports for exchange betting | A bit high commission fees – Unlike a few competitors, Dafabet’s exchange commission fee might be a bit higher. |
| Welcome bonus offer – It features a decent 200% offer up to ₹30,000 for newcomers. | |
| Solid reputation – Dafabet has an established reputation in Asia. So, users expect trustworthiness and security while using the service. |
Fun88 Betting Exchange – Pros and Cons
-
Fun88
85 /100300% Welcome Bonus Up To ₹15,00018+. Valid on all products except exchange. Minimum deposit is ₹500. Maximum bonus is ₹15,000. Rollover is 35X. T&C’s apply. Visit site- High liquidity
- Easy to use
Fun88 Exchange excels because of its reduced commission fee and decent sign-up bonus. However, our review found limited niche sports.
See the following table for details regarding the pros and cons of the Fun88 betting exchange.
| PROS | CONS |
|---|---|
| Good registration bonus offer – The operator provides a sign-up bonus of 300% up to ₹20,000 for new exchange bettors. | |
| High liquidity – This betting exchange offers high liquidity on its exchange service which means more matching bets. | Limited niche sports |
| Easy to Use – The operator’s website is designed to be easily accessible to everyone. |
Indibet Betting Exchange – Pros and Cons
-
Indibet
80 /100250% up to ₹25,00018+. Applicable on First Deposit only. Min. deposit is ₹100 and max bonus is up to ₹25,000. Players get 250% of their first deposit amount added to their account as a bonus, 150% on Sports and 100% on Live Casino. Live Casino & Sports bonus will have 30X Roll Over. All bonuses credited will have a validity of 30 days. Visit site- Cricket-focused
- Dynamic fees
Indibet betting exchange is at number three in our list. It provides a huge market selection and dynamic commission key system.
However, the platform has some drawbacks like it’s a new operator and has limited sports apart from cricket.
| PROS | CONS |
|---|---|
| Cricket Paradise – Indibet offers a wide variety of cricket markets to bettors. | Less number of other sports – Although Indibet excels in cricket offerings, there is a limited variety of other sports options, unlike Fun88 and Dafabet. |
| Dynamic fees – Indibet uses a dynamic commission structure, which means reduced fees, in particular bets. | A new gambling platform – Unlike Dafabet, Indibet is quite a new platform. |
| Offers more streamlined exchange betting features – Since Indibet focuses more on exchange betting, you will find more exchange betting features. | |
| Tons of banking options – The operator offers famous payment choices for taking funds in and out. |
Betting Exchange Apps in India
Due to the legal complexity around betting exchanges in India, not every platform offers a betting exchange app.
After reviewing 3 operators Dababet, Fun88, and Indibet, we have discovered that Fun88 and Dafabet provide the best betting apps for both iOS and Android. Make sure to use the official betting exchange website to download the app.
Here are the general app installation steps for Android:
- Go to the official betting exchange website to download the mobile app.
- Now, enable ‘unknown sources’ in the security settings of your smartphone.
- Follow the downloading instructions.
- In the downloads folder, find the betting exchange app.
- Click the apk to start the installation process.
- Finally, launch the mobile app to use the betting exchange services.
For iOS:
- Open the Apple app store and find the betting exchange mobile app using the search button.
- Download and install it like any other mobile app.
- Now, launch the mobile app.
- Finally, sign up or log in to the platform to use the exchange service.
Most Popular Betting Exchange Payment Methods in India
Betting exchanges provide plenty of famous banking options for both deposits and withdrawals. These are:
UPI
UPI is the king of digital payments in India. Deposits are instant, while withdrawals typically take around 15 minutes. The operator also does not share bank information with the betting exchange.
However, users can perform limited transactions depending on the bank. Also, not every betting exchange platform supports the UPI method.
E-Wallets
E-Wallets provide a convenient method to withdraw and fund accounts. Numerous exchange bet sites support PhonePe, Paytm and other Indian payment options. But, a few e-wallets might have transaction charges.
Credit/Debit Cards
Debit/Credit cards are another popular payment method offered by online betting exchanges. Taking funds out generally takes 3 to 5 days.
But depositing money is immediate. The main drawback is that credit card transactions might have extra charges. Also, few banks might not support gambling transactions.
Net Banking
Net banking is the most widely used by numerous betting exchanges. It allows direct money transfer to the betting exchange from your bank account.
But, the process might require users to input their bank information every time. Also, withdrawal times can take around 1 to 3 days, depending on the bank.
Note: For the speediest and most convenient experience, we prefer UPI. However, if this option is not available, use e-wallets such as PhonePe or Paytm.
Available Sports on Betting Exchanges in India
The following table shows the different sports you can bet on using these 3 exchange sites:
| Dafabet | Fun88 | Indibet |
|---|---|---|
Cricket Basketball Football Tennis Table tennis | Football Cricket Tennis Volleyball | Cricket Football |
Exchange Betting Customer Support
A highly responsive customer service is essential for an incredible betting exchange experience.
See below how each operator handles its customer inquiries.
Dafabet Rating – We rate Dafabet customer support 9.5 out of 10. Although live chat is the fastest, phone and email support might have long waiting times.
Fun88 Rating – Our Fun88 review discovered the customer support to be excellent. However, we found a few players complaining of occasional slow response times on the phone and email. Our Fun88 customer service rating is 8 out of 10.
Indibet Rating – The customer support section has not been developed fully. There might be a limited availability of phone support. Also, few gamblers report mixed experiences when it comes to email support. Our Indibet customer service rating is 7.5 out of 10.
Overall, we can say all these three platforms cater well to the Indian market. Dafabet and Fun88 provide Hindi and English customer support via live chat, email, and phone. However, Indibet has a less established reputation for customer service, unlike Fun88 and Dafabet.
Betting Exchanges in India – Rated
See below how we rate each betting exchange site depending on diverse parameters.
| Parameter | Dafabet | Fun88 | Fun88 |
|---|---|---|---|
| Welcome Bonus | 8.5 | 9 | 8 |
| Design and Playing Experience | 9 | 9 | 8.5 |
| Website | 9 | 8.5 | 8 |
| App | 9 | 8.5 | 8 |
| Payment Options | 9.5 | 8.5 | 8.5 |
| Withdrawals | 8 | 8 | 7.5 |
| Customer Support | 9.5 | 8 | 7.5 |
| Percentage score | 89 % | 85 % | 80 % |
How Do Betting Exchange Sites Work?
Traditional bookies let users place a wager on any event outcome. Then, they lay this wager themselves.
On the other hand, sports betting exchanges depend on other users to back and lay wagers against each other. They take a tiny fee on every wager conducted. These charges are a percentage of estimated winnings.
Understanding Back and Lay Concept
Back and lay in betting exchange means users can buy (aka back) and sell (aka lay) the result of an event. It helps them gain profits or reduce their losses.
Why Should You Use an Online Betting Exchange?
Bookmakers usually set betting restrictions depending on the user’s betting history and the market selected. Betting exchange sites allow bettors to place wagers on the opposite result of a bet initiated already. This translates to better odds and other perks.
However, these platforms charge fees, which differ depending on the company and the turnover of gamblers.
| Pros of an online betting exchange | Cons of an online betting exchange |
|---|---|
| Better odds – It provides competitive odds when compared to traditional bookmakers. | Commission fees – Exchange sites levy a bit higher commission fee on the winning bets than bookmakers. |
| Betting exchanges allow users to back and lay. | |
| No particular betting limits – There are no particular limits for bettors. |
Conclusion
Although traditional bookies set the odds, the best betting exchange sites connect gamblers directly. It lets them enjoy more flexibility and good value while betting. After comparing Dafabet, Fun88, and Indibet, we have highlighted their pros and cons below.
| Operator | Dafabet | Fun88 | Indibet |
|---|---|---|---|
| What we like | Extensive sports options | User-friendliness | Dynamic commission fees |
| What we don’t like | Higher commission fees | A limited selection of niche sports | Comparatively less reputed than the other two |
Our overall betting exchange experience with these three platforms is good. Remember, the perfect betting exchange site relies on your unique preferences. But Dafabet is the best option if you prefer a broad assortment of sports.
Betting Exchange Sites in India FAQs
Below are a few answers to the most frequently asked questions related to betting exchanges in India.
Although no federal law bans these platforms, a few Indian states have some varying rules. We advise bettors to consider local laws and use the platform with caution.
The safety of betting exchange websites relies on the operator. Always find reputed brands holding positive reviews online and valid licensing.
The best exchange platform relies on your priority. For example, if you prefer a wide range of sports on the exchange, Dafabet is a great option. However, if you prefer user-friendliness, Fun88 fits better.