What is a betting exchange
A traditional sportsbook sets one price and you can only bet that something will happen. An exchange shows two prices for every outcome — so you can bet for it or against it.
Every selection on the board has a Back price and a Lay price. Back means you think it will happen. Lay means you think it will not — you take the side a bookmaker normally takes. Because you can do both, you can also change your mind during a match: back a team early, lay it later at a shorter price and lock in a profit whatever the result.
Back
Win if it happens. Risk = your stake.
Lay
Win your stake if it does not happen. Risk = stake × (odds − 1).
Trade
Combine both on the same market to reduce risk or guarantee a profit.
Reading the market board
Every market uses the same layout. This is a Match Odds market in Advanced view, which shows the full price ladder:
- 1Selection and your position. The green / red figure is what you win or lose if this selection wins (here after backing Australia for 100 at 2.50).
- 2Best Back price — the brightest blue cell, next to the middle. This is the price you get when you back.
- 3Best Lay price — the brightest pink cell. This is the price you lay at.
- 4Available amount — the small number under each price (K = thousand, L = lakh).
- 5Stake limits for this market.
Basic view shows only the best Back and Lay price for each selection — perfect for quick bets. Switch between Basic and Advanced with the toggle at the top of any sports page; your choice is remembered.
When a selection cannot be bet on, its prices are covered by a status label:
- Suspended — the market is paused (goal, wicket, review, injury).
- Ball running — a session line paused while the ball is in play.
- Starting soon — the line opens shortly before its session begins.
Back bets
A back bet wins if the selection wins. Your risk is exactly your stake.
Profit = stake × (odds − 1). The odds already include your stake, so your total return on a winning bet is stake × odds.
Worked example
You Back Australia at 2.50 with a stake of 100.
| Result | You receive | Profit / loss |
|---|---|---|
| Australia win | 250 | +150 |
| England win | 0 | −100 |
| Match abandoned (void) | 100 | 0 |
Lay bets
A lay bet wins if the selection does not win. You act as the bookmaker: you collect the stake from the other side, and pay out if the selection wins.
You win = your stake. Liability = stake × (odds − 1) — this is what is held from your balance and what you lose if the selection wins.
Worked example
You Lay Australia at 2.50 with a stake of 100. Your liability is 100 × 1.50 = 150.
| Result | Money held | Profit / loss |
|---|---|---|
| England win | 150 returned | +100 |
| Australia win | 150 paid out | −150 |
| Match abandoned (void) | 150 returned | 0 |
Laying is not the same as backing the other team. In a three-way football market, laying Real Madrid wins if the match is a draw or Barcelona win — two outcomes out of three.
Odds formats
Choose how prices are displayed from the odds menu at the top of any sports page. The format only changes the display — the bet and the payout are identical.
| Decimal | Indian paisa | Fractional | American | Implied chance |
|---|---|---|---|---|
| 1.36 | 36 | 9/25 | −278 | 73.5% |
| 1.50 | 50 | 1/2 | −200 | 66.7% |
| 1.91 | 91 | 91/100 | −110 | 52.4% |
| 2.00 | 100 | 1/1 (evens) | +100 | 50.0% |
| 2.50 | 150 | 3/2 | +150 | 40.0% |
| 3.00 | 200 | 2/1 | +200 | 33.3% |
| 5.00 | 400 | 4/1 | +400 | 20.0% |
Asian formats
| Decimal | Hong Kong | Malay | Indonesian |
|---|---|---|---|
| 1.50 | 0.50 | 0.50 | −2.00 |
| 1.91 | 0.91 | 0.91 | −1.10 |
| 2.00 | 1.00 | 1.00 | +1.00 |
| 2.50 | 1.50 | −0.67 | +1.50 |
| 3.00 | 2.00 | −0.50 | +2.00 |
- Decimal — total return per 1 staked. Profit = stake × (odds − 1).
- Indian paisa — profit per 100 staked. 91 means a 100 stake wins 91.
- Fractional — profit ÷ stake. 3/2 means win 3 for every 2 staked.
- American — positive: profit on a 100 stake; negative: stake needed to win 100.
- Hong Kong — profit per 1 staked (decimal − 1). 0.91 means a 100 stake wins 91.
- Malay — positive up to evens: profit per 1 staked. Negative above evens: −0.67 means stake 0.67 to win 1.
- Indonesian — positive from evens: profit per 1 staked. Negative below evens: −1.10 means stake 1.10 to win 1.
Market types
Which markets appear depends on the sport and the stage of the event. Tap the ? next to any market name for a quick reminder while you bet.
Match Odds
Who wins the match (or the race). Back and lay in decimal odds. Football match odds have three selections — home, away and The Draw. Tennis and most cricket formats have two.
Bookmaker
A match-winner market quoted in paisa with bigger limits and usually one Back and one Lay price. 136 means 1.36: backing 100 at 136 wins 36. Laying 100 at 142 risks 42 to win 100.
Fancy / session (YES / NO)
Bets on a phase of a cricket match: runs in the first 6 or 10 overs, the fall of a wicket, a batter’s score, total boundaries. Each line shows two boxes — NO on the left, YES on the right. The big number is the line, the small number is the rate.
- YES 54 at rate 100 — you win if Australia score 54 or more in 10 overs. Stake 100 wins 100.
- NO 52 at rate 100 — you win if they score 51 or fewer. Stake 100 wins 100.
- When the rate is not 100 it changes the payout: YES 28 @ 90 wins 90 per 100 staked; NO 28 @ 120 wins 100 but risks 120.
| Runs after 10 overs | YES 54 @ 100 (stake 100) | NO 52 @ 100 (stake 100) |
|---|---|---|
| 48 | −100 | +100 |
| 52 | −100 | −100 |
| 53 | −100 | −100 |
| 54 | +100 | −100 |
| 61 | +100 | −100 |
Meter
A YES / NO line on a single number, usually a player’s runs or the runs at a wicket. It works exactly like a session line.
Props
Yes-only propositions such as “Australia will win the toss” or “Player A scores more than Player B”. Back at the price shown — at 1.98 a stake of 100 wins 98 if it happens.
Odd / Even
Will the runs in a session finish on an odd or an even number? Pick a side; both usually pay about 1.95.
Horse racing and greyhounds
Each race is a win market. Under every runner you see the saddle-cloth number, the draw (stall), the jockey and the trainer. Back a runner to win, or lay it to lose — a lay wins if any other runner wins.
Placing a bet, step by step
- Find the market. Pick a sport in the sidebar, open a tournament and choose a match — or tap a price straight from the list.
- Tap a price. Blue to back, pink to lay (YES / NO on sessions). The selection appears on the bet slip, coloured to match.
- Enter your stake or use a quick-stake button. The slip shows your profit and how much is at risk, and the limits for that market.
- Check and place. Press Place bet. Pre-match bets are accepted instantly; live bets pass a short safety delay (about 4 seconds for match odds, 1–2 seconds for other markets) while the price is re-checked.
- Track it. The bet appears under My bets, your position updates under each runner and your exposure is shown at the top of My bets.
You need to be logged in with a verified email to place bets. Your available balance must cover the money held for the bet (your stake for a back bet, the liability for a lay bet).
Exposure, positions and hedging
Exposure is the most you can lose on your open bets. It is held from your balance while a market is open and returned — with any winnings — when it settles.
Exposure is calculated per market, not per bet. If two bets in the same market partly cancel each other out, only the real worst case is held, and the rest is released to your balance immediately.
Worked example: locking in a profit
- Before the match you Back Australia for 100 at 3.00. Exposure: 100. Position: Australia +200, England −100.
- Australia start well and their price falls to 2.00.
- You Lay Australia for 150 at 2.00. The two bets now balance each other:
| Result | Back 100 @ 3.00 | Lay 150 @ 2.00 | Total |
|---|---|---|---|
| Australia win | +200 | −150 | +50 |
| England win | −100 | +150 | +50 |
You win 50 whatever happens — a “green book”. Your exposure drops to 0 and the 100 held from the first bet is released straight away.
Positions on the board
Under every selection in a market you have bet on, the board shows your position: green if you win when that selection wins, red if you lose. For session lines it shows your best and worst outcome.
Settlement, voids and results
- When: each market settles once its official result is known — sessions when the session is complete, match markets after the match, races after the official result.
- How: the money held (your exposure) comes back together with your winnings, in one payment to your wallet. Losing bets simply release nothing.
- Void: if a market cannot be decided — match abandoned, market cancelled, a clear pricing error — the bet is void and your stake or liability is returned in full.
- Decided markets stand: a session completed before an abandonment is settled on its result.
- Where to see it: settled bets move from open to settled in My bets, and appear in your game history with the result and profit / loss.
Rules and limits
- Stake limits: each market shows its minimum and maximum stake (K = thousand, L = lakh). Session lines can have their own limits, shown under the line name.
- Accepted bets stand and cannot be cancelled; you can hedge instead.
- In-play delay: live bets are accepted after a short delay and only at the tapped price or better.
- Suspensions: no bets are accepted while a market or line is suspended, ball running or not yet open.
- Some markets are pre-match only or live only — the board shows them as suspended outside those times.
- Account checks: betting needs an active, verified account. Obvious errors in prices or results may be corrected or voided.
- Racing non-runners: bets on a withdrawn runner are void, and prices on the others are reduced by its reduction factor.
Glossary
- Back
- A bet that something will happen. Shown in blue.
- Lay
- A bet that something will not happen — you take the bookmaker’s side. Shown in pink.
- Stake
- The amount you enter on the bet slip.
- Decimal odds
- The total return per 1 staked, stake included. 2.50 returns 2.50 for every 1.
- Paisa odds
- Bookmaker pricing in hundredths: 136 means decimal 1.36.
- Liability
- What a lay bet (or a NO session bet) costs you if it loses. Lay liability = stake × (odds − 1).
- Exposure
- Your worst possible loss across all open bets. It is held from your balance until settlement.
- Position
- The green / red figure under a selection: what you win or lose if that selection wins.
- Hedge
- Betting the opposite side of a market you already bet on, to reduce risk or lock in profit.
- Green book
- A hedged market where you profit whatever the result.
- Ladder
- The three best Back and three best Lay prices shown in Advanced view.
- Available amount
- The small number under a price: how much can be matched at that price.
- Line
- In a session (fancy) market, the number of runs you bet above or below.
- Rate
- In a session market, what 100 staked pays (YES) or costs (NO).
- Session / Fancy
- A market on a phase of a cricket match — runs in 6 or 10 overs, a partnership, a player’s score.
- In-play
- Betting while the event is live. Bets pass a short delay before they are accepted.
- Suspended
- The market is paused — no bets until it reopens.
- Ball running
- A session line paused while the ball is in play.
- Void
- A cancelled bet. The stake is returned in full.
- Settlement
- Paying out a market once the official result is declared.
Frequently asked questions
Why was my bet rejected with “odds moved”?
Prices change every second. If the price moved against you before your bet was accepted, it is rejected so you never get a worse price than the one you tapped. Look at the new price on the board and place again if you still like it. If the price moved in your favour, you get the better price automatically.
Why did my balance drop by more than my stake?
On a lay bet (or a NO session bet) the money held is your liability, not your stake. Laying 100 at 3.00 holds 200, because that is what you pay if the selection wins. The full amount comes back, plus your winnings, when the market settles in your favour.
Can I cancel a bet?
No — once accepted, a bet stands. You can reduce or remove the risk by hedging: betting the opposite side of the same market (see chapter 8).
When do I get paid?
As soon as the result of that market is declared. Session (fancy) lines settle when their session is complete, match markets after the match. Winnings go straight to your wallet and appear in My bets.
What happens if a match is abandoned?
Markets that cannot be decided are void and every stake is returned in full. Markets already decided before the abandonment (for example a completed session) stand.
Why is a price greyed out or showing “Suspended”?
The market is paused — usually a goal, wicket, review or ball in play. It reopens by itself; you do not need to refresh.
Do sports bets count for bonus wagering and VIP?
For VIP, yes — the money you put at risk counts as turnover (backing and laying the same market to cancel yourself out does not). For bonus wagering, no — sports bets contribute 0% toward a bonus requirement.
What currency are limits in?
Minimum and maximum stakes on the board are shown in the platform’s base unit. The bet slip converts them to your wallet currency and shows the exact limits for your account.
What does the number under a runner mean?
That is your position: green is what you win if that runner wins, red is what you lose. It updates every time you place a bet in that market.