Satbet is a leading betting exchange in India that allows players to bet against each other. In essence, it provides a platform for users to act as betting players and bookies.
In this scenario, One party may seek to buy a selection, known as a back bet, while the other wants to sell it, known as a lay bet in Ashes Betting. Once both parties agree on the odds, the bet is considered a match.
Although this bookmaker is not the only betting exchange available in the market, it stands out as the best, with better odds and liquidity, increasing the likelihood of bets being matched.
Satbet Exchange operates similarly to a stock exchange by allowing users to match bets and ensure these bets are settled relatively for both sides. This eliminates the need for users to conflict over whether a bet should have been won or lost.
This boomaker covers significant markets for many popular sports where the betting players can place back or lay bets. Not only this, this bookmaker offers up-to-date features such as Bet Builder and Request a Bet.
In addition, the bettors can access the fixed-odds section with a great hold on the ongoing sports events and the relevant odds accordingly. Make the Satbet registration and start placing the bets accordingly.
Satbet offers live betting options for its exchange and sportsbook sections. While the exchange generally has better odds comparatively, its liquidity in secondary leagues may not be sufficient for matching bets.
In addition, the bettors can use Cash Out in Full, Partial, or Auto forms in both the sportsbook and exchange, where they can place bets on the available sports market, such as Ashes Betting, IPL betting 2023, T20, ODI etc.
The back bets are identified with blue, whereas the Pink section is dedicated to the lay bets. These bets are easy to analyse and to play betting on all the available betting events.
All the profits are genuine and will be credited to the user’s betting account immediately upon winning the relevant bets. Start placing the betting exchange bets to acquire tremendous winnings on the ongoing IPL matches.
As one of the world’s biggest and most experienced betting exchanges, with over 20 years of betting history, Satbet never disappoints bettors in providing higher odds. It applies to the back and lay bets too.
Check out the following steps on how to place a bet on the betting exchange events:
- Login to the Satbet site or app and click the “Exchange” option on the top left.
- Select the “Sports” section and choose the betting event you wish to place a bet.
- Check the respective back and lay bets and place the bet wisely.
Why is Satbet Exchange best?
Regarding sports betting exchanges, Satbet Exchange is one of the major players in the market, but it now faces competition from several other exchanges available in the market.
This bookmaker’s main advantage lies in its user base, which is significantly larger than its competitors and contains more liquidity. This helps in the markets where more money is available to trade, potentially leading to more profits.
However, one of the biggest complaints traders have with Satbet Exchange is the threat of additional charges that act almost like a tax on high-earning sports traders, which can significantly cut into monthly profits.
Furthermore, there have been discussions of other exchanges trading their own markets, which raises concerns about fairness and transparency.
In conclusion, while Satbet Exchange remains a significant player in the sports betting exchange market, traders should weigh the advantages and disadvantages of each exchange and choose the one that best suits their trading needs.
While talking about competitors, Fun88 Sports is one of India’s well-known and trustworthy betting exchange markets, which provides some higher odds too.
The betting players can explore this bookmaker’s feature and place the odds via the fun88 app, which is completely free of charge to download and available in both IOS and Android versions.
Frequently Asked Questions
Can I cashout on a betting exchange?
With the Satbet Exchange, you can effortlessly cash out all your bets placed on a single market, regardless of whether you have made one or multiple bets. This convenient feature makes managing your bets more streamlined, saving time and effort.
Can you do matched betting without exchange?
To implement the matched betting strategy, it is necessary to have accounts with two or more bookmakers or betting exchanges, wherein one provides the user with a free bet.
This technique involves placing bets with different bookmakers, ensuring that profits are made regardless of the outcome by capitalising on free bets and promotional offers.
Is betting on the exchange better?
Betting exchanges are known to provide better odds, as they don’t partake in the bets themselves, ensuring that the odds offered on their platform are more favourable than those offered by bookmakers.
Therefore, the odds you encounter on a betting exchange are guaranteed to be more competitive, providing better opportunities to maximise your returns.
How much does the betting exchange charge?
The betting exchange commission and charges differ from one bookie to another. Generally, the charge ranges from 2-5%, and these chargers are applied only to winning bets.
How is the betting exchange commission calculated?
The betting exchange commission is calculated as follows: Commission = Net Winnings x Market Base Rate x (100%-Discount Rate).