A lot of bettors in India are shifting from traditional sportsbooks to exchange betting and for good reason. This guide covers everything you need to know: what betting exchanges really are, which platforms in India offer them, how the bonuses stack up, and which site might be right for you.
Top Betting Exchange Sites Available in India
If you are going to play and enjoy top exchange betting, only a few platforms actually deliver in the Indian market. We’ve tested the most talked-about names and narrowed it down to the ones that really matter: Dafabet, Fun88, 12BET, and Indibet.
Below is a quick comparison of their welcome betting exchange offers and how to get started:
| Betting Operator | Welcome bonus | How to join |
|---|---|---|
| Dafabet | 160% bonus up to ₹16,000 | |
| Fun88 | 388% bonus up to ₹28,000 | |
| 12BET | 100% bonus up to ₹6,000 | |
| Indibet | 250% bonus up to ₹25,000 |
Betting Exchanges in India - Compared
When you want to choose the right betting exchange site in India, certain key details matter. This includes the bonus size, wagering rules, how many markets are available, and whether UPI works smoothly. We’ve done the digging so you don’t have to.
| Feature | Fun88 | Indibet | Dafabet | 12BET |
|---|---|---|---|---|
| Welcome Bonus % | 388% | 250% | 160% | 100% |
| Max Bonus Amount | ₹28,000 | ₹25,000 | ₹16,000 | ₹6,000 |
| Wagering Requirements | 25x | 35x | 15x | 30x |
| Bonus Validity | 30 days | 14 days | 45 days | 21 days |
| UPI Deposits | Yes | Yes | Yes | Yes |
| Exchange Betting Markets | 6+ markets | 5+ markets | 5 markets | 4–5 markets |
Top Betting Exchanges in India - Rated
Here are our ratings for each operator for various parameters:
| Parameter | Dafabet | Fun88 | 12BET | Indibet |
|---|---|---|---|---|
| Welcome Bonus | 8/10 | 9/10 | 7/10 | 8/10 |
| Design & Experience | 9/10 | 8/10 | 7/10 | 8/10 |
| Website | 9/10 | 8/10 | 7/10 | 8/10 |
| Mobile App | 9/10 | 8/10 | 7/10 | 8/10 |
| Payment Options | 9/10 | 8/10 | 8/10 | 8/10 |
| Withdrawals | 8/10 | 7/10 | 7/10 | 7/10 |
| Customer Support | 9/10 | 8/10 | 7/10 | 8/10 |
| Total Score | 61/70 | 56/70 | 50/70 | 55/70 |
Dafabet Betting Exchange - Pros and Cons
Dafabet is a very reliable platform and it can be appealing to serious punters. Its betting exchange platform is pretty polished, offering a solid lineup of sports and a smooth user interface.
However, one thing to note is that Dafabet betting exchange charges a commission of 2% to 5% on net winnings depending on the sport, which is about standard.
Here are the major upsides and downsides of the platform:
Pros
- Multiple selection of markets: Cricket, football, tennis, and more are available.
- Low-to-mid commission range: Starts at 2%, which is fair.
- Fast, responsive app and site: No lagging or messy navigation.
- Supports Indian payments: UPI, NetBanking, Paytm, and others work seamlessly.
Cons
- No clear breakdown of commission: It varies, but they don’t always say how or why.
- Bonus offers could be better: Especially if you’re playing only on the exchange.
Fun88 Betting Exchange – Pros & Cons
Fun88 is one of the newer names getting a lot of love in the exchange betting scene. Their commission rate is fairly low, around 4%. And with a 388% welcome bonus, they’re definitely offering a competitive amount.
Here’s what we like (and what we don’t):
Pros
- Competitive welcome bonus: One of the most competitive out there.
- Low commissions: You get to keep more of your potential winnings.
- Covers a lot of live markets: Cricket, football, kabaddi, and more.
- Clean mobile design: Easy to use, even if you’re new to exchange betting.
Cons
- Fewer advanced features: Serious traders might miss in-depth stats or tools.
12BET Betting Exchange - Pros and Cons
12BET doesn’t always grab headlines, but it's quietly one of the more dependable betting exchange platforms out there. It’s clean, simple, and covers all the major sports you’d expect. However, unlike some other sites, 12BET betting exchange doesn’t clearly advertise its commission rate, but based on user reports, it usually sits between 2%–5% on net winnings.
Here are some pros and cons you should keep in mind:
Pros
- Covers all the basics: Cricket, football, tennis, and basketball are all live on the exchange.
- Great for beginners: The interface is straightforward, no learning curve needed.
- Works great on mobile: Using the betting exchange app feels smooth.
- Fast deposits via UPI: No delays, no third-party redirects.
Cons
- No commission transparency: There’s no official breakdown, which feels like a miss.
- Basic tools only: Don’t expect bells and whistles like live stats or trading depth charts.
Indibet Betting Exchange - Pros and Cons
If your main betting exchange game is cricket, Indibet is probably already on your radar. The whole platform is basically built around it. Also, the commission rate is one of the best, sitting at as low as 0% on various bets and trades.
Here’s how it stacks up:
Pros
- Top for Cricket exchange betting: You’ll find tons of live exchange action on IPL, BBL, and more.
- Big bonus: 250% up to ₹25,000 great for first-time users.
- Quick UPI and Paytm support: Deposits and withdrawals are smooth.
- Beginner-friendly app: Simple layout that makes placing exchange bets easy.
Cons
- Limited sports variety: The focus is on cricket; other sports get less attention.
- Customer support hit-or-miss: Can take a while to get replies during peak matches.
Betting Exchange Apps in India
Here's a breakdown of the mobile app availability for each operator:
Dafabet
- Android App: Available
- iOS App: Available
Fun88
- Android App: Available
- iOS App: No
12BET
- Android App: Available
- iOS App: Available
Indibet
- Android App: Available
- iOS App: Available
Available Sports and Betting Markets on Betting Exchange Sites in India
Here's a comparative table showcasing the sports and betting markets offered by each operator:
| Operator | Sports Available | Popular Betting Markets |
|---|---|---|
Dafabet | Cricket, Football, Tennis, Basketball, Kabaddi, Esports, Rugby | Match Winner, Over/Under Runs, Top Batsman, Handicap, Correct Score, In-Play Lay/Back |
| Fun88 | Cricket, Football, Kabaddi, Tennis, Basketball, Volleyball | Odds, Next Wicket, Total Sixes, Over/Under Goals, Player Specials, Back/Lay Markets |
| 12BET | Cricket, Football, Tennis, Basketball, Esports, Badminton | Match Odds, Toss Winner, Session Runs, Goal Line Markets, Lay Betting |
| Indibet | Cricket, Football, Tennis, Basketball, Esports, Horse Racing | Match Odds, Over/Under, First Ball Run, Fall of Wicket, Set Betting (Tennis), Live Lay |
How to Place a Bet on an Online Betting Exchange?
Placing a bet on a sports betting exchange works a little differently than with a regular sportsbook but once you get the hang of it, it becomes easy to navigate. Here’s a quick step-by-step guide to get started:
- Sign in to your betting exchange account: Whether it’s Dafabet, Fun88, Indibet, or 12BET, make sure you’re logged in and verified.
- Go to the ‘Exchange’ tab: This is separate from the sportsbook. Tap or click on "Exchange" to access live back and lay markets.
- Pick your sport and match: Cricket is the most popular in India, but you can choose from football, tennis, kabaddi, and more.
- Choose your betting type:
- Back a team – You believe they will win.
- Lay a team – You’re betting they won’t win (great for trading or hedging).
- Enter your stake and odds: You can either take the available odds or request your own by offering a price.
- Confirm your bet: Double-check your stake and potential return, then hit Confirm Bet. That’s it!
- Track and trade (optional): You can monitor your position and cash out early or trade with new back/lay bets as the match progresses.
Most Popular Betting Exchange Payment Methods in India
When it comes to depositing and withdrawing money from your betting exchange account, Indian users have more options than ever. But not all methods are the same especially when it comes to withdrawal speed and fees.
Here’s a quick breakdown:
| Payment Method | Deposit | Withdrawal | Speed |
|---|---|---|---|
| UPI (GPay, PhonePe, Paytm) | Instant | 1–3 days | Fastest for deposits |
| NetBanking | Instant | 2–4 days | Reliable |
| Paytm Wallet | Instant | Not always | Very fast |
| Skrill / Neteller | Instant | 1–2 days | Fast & secure |
| Crypto (BTC, USDT) | Instant | 1–24 hrs | Depends on coin |
Our Recommendation:
- Best for Deposits: UPI – It’s fast, and accepted on all top Indian exchange platforms. It would be best to avoid cards for withdrawals as most betting exchange sites don't support payout to cards in India.
How Do Betting Exchange Sites Work?
If you’re used to traditional sportsbooks, betting exchanges might feel like a whole new world but they’re actually simpler than they seem.
In a sportsbook, you’re betting against the bookmaker. The site sets the odds, and you accept them. But in a betting exchange, you’re betting against other users. That means you can choose your own odds or accept someone else’s.
The exchange just acts as the middleman, responsible for matching bets, handling the money, and taking a small commission from the net winnings.
Backing vs Laying
These two terms are what make exchanges different from sportsbooks:
- Backing = You’re betting on something to happen. Example: You back India to win a cricket match at odds of 2.50.
- Laying = You’re betting against something to happen. Example: You lay India to win — meaning you win your bet if India loses or the match is drawn.
This gives you way more control. You can trade in and out of bets during a match, lock in profits early, or even act like the bookmaker and set odds for others to take.
Why Should You Use an Online Betting Exchange?
There’s a reason more experienced punters are turning to exchanges. Here’s what sets them apart:
- Better Odds: Since you’re betting against other users, odds are often more competitive than what a bookmaker would offer.
- More Control: You decide the odds, you choose when to enter and exit a bet. It's not just "place it and hope."
- Lay Betting: This is the real game-changer. You can oppose outcomes, hedge your bets, or build trading strategies.
- No Limits (Mostly): Traditional books might limit your stakes if you keep winning. Betting exchanges don’t — because you’re not costing the house money.
Conclusion
Now you know that betting exchanges are the smarter, more flexible way to bet, especially for players in India looking for better value and more control. Whether you’re backing your favourite team or playing against the crowd, exchanges like Dafabet, Fun88, Indibet, and 12BET all bring something solid to the table.
We’ve tested the platforms, reviewed the bonuses, checked the commissions, and tracked real match markets, and here’s how it all shakes out:
| Operator | What We Liked | What Could Be Better |
|---|---|---|
| Dafabet | Great all-rounder, wide market range, low-to-mid commissions | No clear commission breakdown, weak bonus |
| Fun88 | Competitive bonus, smooth app, strong cricket & kabaddi markets | Support response time, lacks advanced tools |
| 12BET | Simple interface, stable app, good sport variety | Limited features for pro users, no transparency on commission |
| Indibet | Best for cricket fans, low commission, competitive bonus | Focused mainly on cricket, not ideal for diverse bettors |
More Insights & FAQs about Betting Exchanges
Here are the FAQs:
Is betting exchange available in India?
Yes, several international platforms offer betting exchange services to Indian users, including Dafabet, Fun88, 12BET, and Indibet.
Are sites with betting exchanges trustworthy?
Yes, as long as you're using licensed operators. All the platforms mentioned in this article are regulated and support secure payments like UPI and NetBanking.
What is the best betting exchange site in India?
It all depends on what you value the most. Fun88, Indibet, Dafabet and 12BET are some of the best betting exchange sites available to indian users.