Betfair exchange India is going to change the way cricket betting has been done so far. For the longest time people would bet against a bookmaker and the odds they lay out. For every match the bet is placed in favor of a specific team or player and depending on the odds available one will place their wager. Unlike the traditional methods, Betfair exchange games let one decide for or against an event and at their own chosen odds. There are no bookmakers involved in this process. Surprised? Betfair exchange gives you all the power when it comes to betting your money.
How does it actually work? In Betfair online betting, there are two parties involved: the backers and the layers. The backers are the one who are in favor of an event happening and decide the odds they wish to put for the event and layers are the people who are not in favor of the event occurring. When one puts down or lays the odds they are matched with people who accept or back that. In case no one backs your odds till the end of the match then the amount is refunded. Betfair exchange makes commission only from the winners and in case you lose then it’s just the bet you laid out.
Worried that there are not many matches to try your luck at, Betfair premier league is the one to start laying your bets at. The premier league tips are also there to support you.
Betfair exchange is not just about wagering, but it emphasizes a lot on responsible gambling. The betting app has a range of features to ensure just that.
- Loss Limit: One can choose a specific amount they can transfer or lose over a period of time. You can increase the amount, but it will take seven days to activate, thus giving you time to change your mind. Reducing the limit can be done immediately.
- Deposit Limit: One can even set a deposit limit for a day, week or month. Similar to the loss limit, increasing the limit takes seven days to take effect while reducing it happens right away.
- Budget Calculator: This feature helps you put in your personal expenses and income to see how much is the maximum one can spare. This gives you a visual reminder for not exceeding your spending limit.
- Time Out: In case you are losing too much money, just lock yourself out for a period between one to thirty days. During that time frame you will have no access to any of the Betfair products or games.
All these tools are directed towards making sure that one does not indulge in this irresponsibly. So get started and bet responsibly.