Best Cricket Betting App in India | Download Fun88 APK Now

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Traditional sportsbooks let you bet for something to happen. Betting exchanges add another dimension: betting against outcomes.

Backing means betting on an outcome — RCB winning an IPL match, Virat Kohli scoring 50+ runs, or a match producing over 350 total runs. This works like traditional betting.

Laying means betting against an outcome. You become the bookmaker, accepting bets from other users. If you lay RCB to win and they lose, you profit. If RCB wins, you pay out the bettor who backed them.

Fun88’s betting exchange charges 4% commission on winning trades, below the 5% industry standard. Traditional bookmakers build 6–15% margins into odds, making exchange betting more profitable even after commission.

Betting exchanges offer better odds because they eliminate bookmaker margins. Users set their own odds, creating a marketplace where competition drives prices closer to true probability.

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