Placing bets with bookmakers is a common practice, but did you know it is also possible to place sports bets against other gamblers instead? This is made possible by the use of betting exchanges. A betting exchange is like a meeting place, where punters come together to place bets against each other. In a nutshell, at a betting exchange, participants can post a bet of their own and if someone else likes the look of it they can accept the wager. Since there is no bookmaker involved in the process, betting exchanges are sometimes referred to as peer-to-peer gambling.
Cricket and sports exchange
Since cricket is the number one sport in India it stands to reason that gamblers will find the popular sport at betting exchanges. Some of the most exciting cricket action can be found at events such as:
- Indian IPL
- County Championship
- International Test matches
Since cricket is played in countries around the world at most times of the year there is a huge opportunity for betting. As such, cricket is one of the most popular sports to be catered for by online betting exchanges.
IPL 2023 exchange in Indian Rupees
The IPL stands for the Indian Premier League, which is a Twenty20 tournament that has been running since 2008. Games typically take place between April and June amongst ten Indian teams. The interest in the IPL is huge so plenty of action on sports exchanges has cropped around it. The teams competing in the 2023 IPL are:
|Chennai Super Kings||Chennai||MA Chidambaram Stadium|
|Delhi Capitals||Delhi||Arun Jaitley Stadium|
|Gujarat Titans||Ahmedabad||Narendra Modi Stadium|
|Lucknow||Bharat Ratna Atal Bihari Vajpayee Ekana Stadium|
|Mumbai Indians||Mumbai||Wankhede Stadium|
|Punjab Kings||Mohali||PCA Stadium|
|Rajasthan Royals||Jaipur||Sawai Man Singh Stadium|
|Bengaluru||M Chinnaswamy Stadium|
|Sunrisers Hyderabad||Rajiv Gandhi International Stadium||Hyderabad|
The Indian betting market is growing, and online platforms like Ek bets have been set up to meet the demand. One way these sites are satisfying the needs of Indian gamblers is by offering accounts in rupees. When setting up an account, players can deposit, bet, and withdraw all using the local currency.
Ekbet Live Streaming exchange
Live streaming is a service provided by certain exchanges that allow players to watch matches as they unfold. Different platforms may have different requirements for accessing their live-streamed games, so check to make sure you are fulfilling them if the feeds are not displaying. Requirements generally revolve around placing minimum bets on specific sports. Something else to consider is geo-restrictions. These are rules governing which events can be broadcast and vary from country to country. So, while it's nice having access to live streaming, it isn't the be-all, end-all when picking a betting exchange.
Ekbet betting app
For gambling on the go, Ekbet has designed a betting app that can be downloaded to tablets or mobile devices. One good thing about it is that a version of the app can be found for iOS users as well as Android owners. To get the Ekbet apk on your device, follow these instructions.
- Visit the Ekbet website through the web browser on your tablet or smartphone.
- Find where it says 'Mobile' on the menu bar and press the link.
- On the next screen, select iOS or Android to begin downloading.
Once downloaded, the software will automatically install itself. The procedure is pretty straightforward, and no specialist tech knowledge is needed, but if you run into any issues, Ekbet has a 24/7 support team ready to help.
Advantages of Ekbet Exchange
There are many advantages of using a betting exchange which is why they are growing in popularity. One key advantage is that it is possible to find better odds at an exchange than directly with a bookmaker. The differences may only be small in some cases, but they can add up over time. Another benefit is the ability to bet on a team losing, which isn't really possible with a bookmaker, opening up a range of betting opportunities.
On the flip side, one of the disadvantages is that bets are not always matched. This is more likely to happen in smaller markets with fewer participants than it will in large markets. Also, bonuses or promotions at an exchange might not be as tempting as those found elsewhere.
What is a betting exchange?
In short, a betting exchange is like a middleman that matches bets between two parties. They are marketplaces where gamblers can bet against each other instead of placing bets against a bookmaker.
How do I ask for my own odds in a Betting Exchange?
This can be done by manually changing the odds. These bets are then placed on the market, and if someone else accepts them, the odds will be matched. Keep in mind when asking for your own odds, there is no guarantee another customer will accept them.
Is betting exchange legal in India?
In general, online betting is not illegal in India when using a platform that is based offshore. However, the situation may vary from state to state, so it pays to check the local laws in your area if you do not already know, just to play it safe.