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A cricket betting exchange is not your average bookie betting option where the bookmaker takes the entire brunt of your winnings. In traditional sports betting, a bookie offers the odds for an event, where the players are given the option to either accept or reject the odds.
Winning wagers are paid directly by the bookmaker to the punter, while the money from the losing players goes to the bookmaker.
Therefore, such a betting option is fairly simple and easy to understand, but it is a given fact that the bookmaker makes money directly from the losses suffered by a bettor.
On the contrary, a substantial win for the punters can result in a massive loss for the bookmaker. Therefore, it is common for bettors to witness extremely low odds for several wagers, which is an intentional move by the bookmakers to prevent heavy losses.
In a betting exchange, the bookmaker acts just as an intermediary between two punters, with the winner of the bet having to pay a commission to the bookie for facilitating the transaction.
This form of betting is highly conducive for both bookmakers and the players, as the choice of bets is virtually endless. The concept of an exchange betting is not new in the world of sports betting, as oftentimes there are possible outcomes in a match that a bookie may not be comfortable in offering any odds to its players.
It is quite similar to a regular bet between two players, possibly done in a pub, work, or at home, but done on a larger scale.
Betfair is one of the very few cricket betting operators in India to have a betting exchange in place, and it is one of the best in the market.
The Betfair cricket trading may take some time to getting used to, as the winning commissions and the odds vary according to the game and number of punters.
Players can also choose their own odds and bet against other players through the exchange, provided there are punters willing to bet against your odds.
There can also be scenarios where there might not be enough players to take the opposite end of a bet, which can render the wager null and void.
The Betfair sportsbook and exchange has limited offers and bonuses, when compared to other bookmakers in the industry.
The risk-free bet is only available for betting on certain games and is only credited as a refund if the bet is lost.
Existing players can also take advantage of this offer if they have not availed such a bonus before, but the bonus is only offered once for every account holder.
The bonus amount is credited as playing credits and once again contains certain terms and conditions that are determined by the sportsbook.
We are afraid that there are no other bonuses to keep you entertained, but it may be more preferable for seasoned punters.
It is a proprietary interface that has all the sports betting features embedded into a browser. Having an online interface is advantageous for sports betting sites as it allows instantaneous streaming of cricket rates, scores, and matches, without having to depend on a clunky and outdated desktop platform.
Web browser betting platforms are also scalable for different screen sizes owing to their responsive nature, which offers excellent support for mobile betting.
The Betfair mobile platform is essentially the same interface that is accessible through a compatible web browser, which offers excellent usability for both smartphones and tablets.
The platform is customised according to the size of the screen, but the basic platform offers all the functions and features that players have come to expect from bookmakers.
Your only option is to access your account through the browser-based interface. The actual betting interface is quite seamless and easy to use, as all betting information, odds, match information, and the choice of games are displayed above the fold.
Fore other cricket bookies apps , visit our page. Bettors are offered the option to choose between live in-play or future matches, with the wagers available upon clicking through to an actual match.
There is no live streaming for cricket matches, but a small graphical widget gives live information about the match and the live cricket rate. All the bets and odds are displayed on each outcome, with players having the option to switch the odds format between decimals and fractions.
As a Betfair member, you can ask for the Cricket odds that you want. New customers can use free bonuses to place a Cricket matched bet on any of our available markets.
You have unplaced bets in your betslip. Your selections will be discarded when you leave this page. Your session has expired and you have been logged out.
Settings Main Main Log in above for more options. SP bets cannot be cancelled once placed. Provides live projections of the Starting Price SP , based on the SP bets already placed and the current exchange prices.
Provides two live projections of the Starting Price SP. The near price is based on SP bets already placed and current exchange prices.
There is no live streaming for cricket matches, but a small graphical widget gives live information about the match and the live cricket rate.
All the bets and odds are displayed on each outcome, with players having the option to switch the odds format between decimals and fractions.
Almost all cricket matches have a Cash Out feature, unless otherwise specified. The Cash Out option is a great tool to opt out of wagers in a partial profit or loss, well before the expiry of the bet.
To open an account at Betfair from India, you must first ensure that you are well within your rights and are bound by the laF,w to gamble in the sporting industry.
Therefore, there is a considerable amount of risk in cricket betting, which should be your primary concern while choosing to gamble in the Betfair cricket market.
Once you have decided to go ahead with your choice, Betfair offers a fairly short signup page where you can enter your personal details and other identifying information to open an account.
Players should be at least 18 years to be able to sign up for an account and should be of legal age in their respective country for gambling.
There are primarily six different payment methods available for depositing money into the account. You have to add a card to your account to facilitate your first transaction, which is verified by Betfair before you can add funds.
Withdrawing funds is an elaborate affair at first. If you are a new account holder, Betfair will ask you to verify your account, which requires an identifying document and a proof of address.
You are free to deposit money and play as much as you like, but you have to verify your account to make a withdrawal. The verification procedure can take a while, with up to 48 hours being the norm.
The verification procedure can take longer during weekends or during holidays, but the Betfair account managers will try to verify your account as soon as possible.
The withdrawals may not be instant, as there is a security hold and can take up to a minimum of 24 hours for processing. There may be fees of transaction and is dependent on your chosen withdrawal method.
Players must understand that Betfair will only process withdrawals through the same method that was used to fund the account, so as to enhance security of the payments.
Deposits and withdrawals are carried out through bit SSL encryption. The funds are also transferred to segregated accounts, and the betting operator is subjected through routine third-party audits to increase financial transparency.
With Betfair, you can expect full safety for your money and can expect to receive your withdrawal without any troubles.
Betfair used to have the best customer service environment in recent years, but as of late, we have noticed that there has been a slight drop in the overall efficiency of the customer support department.
We are also not impressed that the off hours seem to coincide with the regular office hours in IST. However, for quick arbitration or resolution to a problem, Betfair is pretty responsive through their email and phone support, which still displays the efficiency and quality that we have experienced in the past.
A sports betting company must an excellent complaint and dispute resolution policy in place to ease the minds of the players. Up to that extent, Betfair has a fairly detailed dispute resolution practice in place for punters from different regions.
In case a player is not satisfied with the response of Betfair regarding the resolution of a grievance, they can always lodge a formal complaint with the Northern Territory Racing Commission, which offers an online gambling dispute form for arbitration.
In most cases, Betfair has worked favourably with their players, with only some cases remaining unresolved to a larger extent.
However, Betfair provides a fairly positive customer service experience, with players having no reasons to complain regarding the overall quality, security, and reliability of the bookmaker.
We take the issue of licensing and regulation quite seriously, as a licensed operator is far more desirable and secure than an offshore company.
Betfair is owned and operated as a sports betting and gaming company under the Paddy Power Betfair brand name, which has a total of four different entities that include Sportsbet and TVG.
Paddy Power Befair was launched in , but the company has been a significant presence in the online sports betting scene since NZ lasses v India lasses.
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