Cricket is more than just a sport; it’s a passion, especially in India, where fans follow it like a religion. With the game’s immense popularity, it’s no surprise that cricket betting has grown into a massive market. Among the various ways to bet, the cricket betting exchange stands out as one of the most dynamic and exciting platforms, offering bettors more control and flexibility than traditional sportsbooks.
A cricket betting exchange is a platform that allows bettors to place bets directly against one another rather than against a bookmaker. In the exchange betting system, the exchange itself does not set the odds or take bets. Still, it instead just acts as a facilitator who matches bettors who have opposing views on the outcome of a particular cricket match or event.
There are two important roles in betting exchange:
- Backer: A bettor who bets on an event to happen. For example, India will win the match.
- Layer: A bettor who bets on that event not happening. For example, India will not win the match.
The main difference between a betting exchange and a traditional bookmaker is that the exchange allows bettors to act both as a layer and a backer, giving them the complete freedom to either place a bet or offer odds for others to match. This gives bettors better control and can often result in better odds as compared to a traditional bookmaker.
