Cricket betting exchange: a complete guide

What is the difference between backing and laying?

Backing works like a normal bet: you win if the team or outcome you choose succeeds. Laying reverses it. You take the bookmaker's role and win if the outcome fails.

How is lay liability calculated?

When you lay, your liability is the lay stake multiplied by the odds minus one. For example, laying ₹100 at odds of 3.0 means a liability of ₹200. If the outcome fails, you keep the ₹100 stake. If it happens, you pay ₹200.

How do exchange prices move during a match?

• Before the toss, prices shift with team news, pitch reports and weather.
• After the toss, conditions such as dew are priced in quickly.
• In play, wickets and big overs cause the sharpest moves.
• Markets are suspended briefly after key moments, then reopen at new prices.

How can backing and laying lock in a position?

If you back a team at a high price and it later shortens, laying the same team at the lower price can guarantee a result whichever side wins. This is called trading, and it depends on the price moving your way.

What should you check before placing an exchange bet?

• Whether you're on the back or lay column.
• Your liability, if you're laying.
• Whether the market is pre-match or live.
• The settlement rules for ties, Super Overs and rain.