Our number one pick for an online betting exchange is Fun88. On this page, we will explain why it’s our main choice, how betting exchange sites work, how to sign up and just why these kinds of bookmakers are increasingly popular.
⭐ Our top 5 betting exchanges in India
- Fun88 – International and domestic leagues
- Satbet – Great for in-play bets
- BetWinner – Great user experience
- 22bet – Excellent coverage of Indian competitions
- Sportsbet.io – Crypto-friendly exchange
🔎 A closer look at the best betting exchange sites
Our recommended betting exchanges are all slightly different. Below, we will take a closer look at each platform, including their available markets, promos, and extra features. You will also find the main pros and cons of each betting exchange, making it easier for you to select a betting exchange site that suits you the most.
1. Fun88
- Welcome offer percentage: 250%
- Maximum amount: ₹5,000
- Wagering requirements: 30x
- Validity: 30 days
- License: e-Gaming Montenegro
- Range of sports: 19+
- Payment methods: UPI, NetBanking, ecoPayz, Sticpay
Fun88 dates back to 2009 and is now one of the well-known sportsbook brands available in India. A betting exchange is powered by Betfair, where thousands of markets are found each week. Fun88 is easy to use, and it doesn’t matter whether you are accessing it with your laptop or your phone. Pre-game, in-play and outright bets can be placed, with odds being available to view in different formats. For more details, you can check our in-depth review of Fun88.
| Pros: | Cons: |
|---|---|
| ✅ Excellent coverage of betting markets | ❌ No in-house betting exchange |
| ✅ Betting exchange through Betfair | ❌ High wagering requirement |
| ✅ betting app available |
2. SatBet
- Welcome offer percentage: 100%
- Maximum amount: ₹10,0000
- Wagering requirements: 5x
- Validity: 10 days
- Licence: Curacao e-Gaming
- Range of sports: 18+
- Payment methods: UPI, NetBanking, PhonePe, Paytm, GPay
Founded in 2020, SatBet is one of the newer betting exchanges in our list. Sports coverage here is good, with domestic and international competitions being available. As such, you can bet on tournaments such as Asia Cup, and everything from football to fighting sports. In-play markets are particularly impressive. Popular payment methods are accepted, including UPI and Paytm, while live chat and WhatsApp support are available too.
| Pros: | Cons: |
|---|---|
| ✅ Online sportsbook also available | ❌ Low withdrawal limits |
| ✅ Easy to use betting exchange | ❌ It takes time to get used to the layout |
3. BetWinner
- Welcome offer percentage: 100%
- Maximum amount: ₹8,0000
- Wagering requirements: 5x
- Validity: 30 days
- Licence: Curacao e-Gaming
- Range of sports: 50+
- Payment methods: UPI, NetBanking, PhonePe, Paytm, Sticpay, cryptocurrencies
Established in 2007, BetWinner is a global brand that offers a betting exchange to players in India with a host of sports markets covered. A generous welcome offer awaits, while ongoing promotions are found too. BetWinner is fully functional on small and large screens, whether it be through their app or your chosen browser. Cryptocurrencies and more traditional payment options are accepted, with processing times being among the quickest.
You can find out more about the bookmaker if you read our detailed BetWinner review.
| Pros: | Cons: |
|---|---|
| ✅ Great variety of sports | ❌ Emphasis on sportsbook |
| ✅ Modern betting exchange design | ❌ Curacao licence |
| ✅ Great selection of banking options |
4. 22Bet
- Welcome offer percentage: 100%
- Maximum amount: ₹11,0000
- Wagering requirements: 5x
- Validity: 7 days
- Licence: Curacao e-Gaming
- Range of sports: 35+
- Payment methods: Cryptocurrencies, Paytm, UPI, PhonePe, Skrill, Neteller, Visa, Mastercard
22Bet is one of the leading international sportsbooks. As such, it should come as no surprise that a betting exchange is available to players in India. There are plenty of new markets to be found daily. The exchange is easy to use, even without downloading an app. Meanwhile, a host of payment options are available, including cryptocurrencies, UPI and Paytm.
We like the fact that 22Bet also has a comprehensive betting section for horse racing events. If you are a fan of the sport joining this exchange market has plenty of advantages as 22Bet customers can attest to.
| Pros: | Cons: |
|---|---|
| ✅ Easy to use | ❌ No dedicated app |
| ✅ Large welcome promotion | ❌ No telephone support |
| ✅ Cryptocurrencies accepted |
5. Sportsbet.io
- Welcome offer percentage: None
- Maximum amount: n/a
- Wagering requirements: n/a
- Licence: – Curacao e-Gaming
- Range of sports: 30+
- Payment methods: Cryptocurrencies
Launched in 2016, Sportsbet.io is an online sportsbook that features various forms of betting. With more than 30 sports available you’ll be spoiled for choice at Sportsbet.io. Cryptocurrencies are the only accepted payment method, making it an interesting option for crypto users. You can make your deposits and withdrawals (and even sign-up) even more convenient by using the MetaMask crypto wallet.
Since the platform has an app and is usable on screens of any size, you’ll have no issues with placing bets on any device. While there is no welcome offer, you can take advantage of price boosts, cash drops and other ongoing promotions.
| Pros: | Cons: |
|---|---|
| ✅ Accepts cryptocurrencies | ❌ No welcome package |
| ✅ Variety of banking methods | ❌ High minimum deposit |
| ✅ Nice selection of sports |
What is a betting exchange?
With a betting exchange, you wager against fellow members. Odds are constantly changing, based on the number and size of bets placed. It is likely that the operator will take a small commission on winnings made. Meanwhile, funds from losing bets will go to those who backed the opposite outcome.
Many use betting exchanges in specific circumstances. Exchanges are complicated and can be overwhelming for beginners. However, you will often find better value when compared to a traditional sports betting site. Exchanges are entertaining and exciting, while they are especially attractive when it comes to in-play markets. You can maintain 100% focus on the exchange without worrying about watching the event in question.
👍 Advantages of betting exchanges
There are a number of reasons as to why betting exchanges have become so popular. The first of the benefits is that they allow for more bet types. Rather than requiring a bookmaker to offer a market, you just need another individual to bet against your selection. Meanwhile, exchanges generally feature better odds. Prices are calculated based on bets placed, meaning that there is value to be found. Finally, when operating on an exchange, you can cash out and place a lay bet if you see your back wager losing. This will often ensure that you are left with funds to play with.
👎 Disadvantages of betting exchanges
Of course, there are also limitations of betting exchanges. As we have already mentioned, such platforms can be overwhelming at first. It will take time to get to grips with the markets and features on offer. Meanwhile, you will not be able to take advantage of the same number of sports as covered by a bookie.
A comparison of the best betting exchange sites
If you are still unsure of which one of the best betting exchange sites is for you, then be sure to check out the tables below. Here, you can compare some of the most important factors of each operator:
| Betting exchange | Welcome bonus percentage | Maximum amount | Wagering requirements | Validity | UPI deposits | Variety of sports |
|---|---|---|---|---|---|---|
| Fun88 | 250% | ₹5,000 | 30x | 30 days | ✅ | 19 |
| SatBet | 100% | ₹10,000 | 5x | 10 days | ✅ | 18 |
| BetWinner | 100% | ₹8,000 | 5x | 30 days | ✅ | 50+ |
| 22Bet | 100% | ₹11,000 | 5x | 7 days | ✅ | 30+ |
| Sportsbet.io | ❌ | ❌ | N/A | N/A | ❌ | 35+ |
📋 How to sign up on a betting exchange site
Like traditional online bookmakers, you can quickly and easily sign up on a betting exchange website. The following is a step-by-step guide on how to get started:
- Enter the betting exchange site, by following any of our secure links.
- Complete the registration form by creating a username and password, before entering your phone number.
- Click/tap on the “Join Now” button in order to complete the sign-up process.
- Verify your new exchange account via the link found inside your welcome email.
- Now you can make a deposit using any of the available payment methods, such as UPI, Paytm, PhonePe, Google Pay, debit cards, Skrill, etc.
How to deposit and withdraw money from betting exchange sites
A variety of payment methods are also available on the best betting exchange sites. Traditional options are accepted, including credit and debit cards. Meanwhile, you will also likely find popular Indian payment options, such as UPI, Paytm, NetBanking, and PhonePe. Be sure to look into processing times and any potential fees. Deposits are instant, while payouts can range from instant withdrawals to five working days.
Some exchanges now also accept cryptocurrencies, including Bitcoin, Ethereum, and Tether. Crypto payments are quick, convenient, and somewhat anonymous. Betting exchanges such as Sportsbet.io use crypto wallets such as MetaMask, making it as convenient as possible for Indian players to use these digital currencies to bet on the Indian Premier League, kabaddi, or any football match you plan to watch.
Betting exchange sites vs. regular online sportsbooks
You may still be wondering whether to sign up on a betting exchange or stick to your regular online sportsbook. Therefore, it is worth looking at the differences between the two platforms. Firstly, traditional sportsbooks are easier to understand, especially for those new to sports betting. They also come with a greater number of promotions. However, the odds from betting exchanges are often more attractive. Exchanges also make it possible to place a greater variety of bets. Ultimately, with a betting exchange, you are betting against people similar to yourself. However, with a sportsbook, you are going head to head with the bookmaker in question.
Remember to gamble responsibly
A responsible gambler is someone who:
- Establishes time and monetary limits before playing
- Only gambles with money they can afford to lose
- Never chase their losses
- Doesn’t gamble if they’re upset, angry, or depressed
Read our detailed guide on responsible gambling practices.
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