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How Does a Betting Exchange Work?

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CRICKET88
How Does a Betting Exchange Work?

India’s cricket and sports betting market is estimated to be worth up to £50Bn per year (€60Bn / $68Bn / AED249Bn at time of writing). The numbers are simply staggering. For starters, it can be said that India gambles more on cricket than China does on football. Which is a mind-blowing statistic. Thanks to the last decade of Chinese symbols splashed across shirts and touchline advertising in Europe’s top football leagues, the general population of the betting world is aware that China likes the odd punt on a football match. However the national obsession of betting on cricket in India, has not yet made it to the world stage. Most global media reports on betting in India cover only one type of story; match fixing conducted by shadowy criminal syndicates. Whilst of course there are fixes in cricket matches, the top-level matches today are usually as clean as any international sport can be. Due to the volumes bet across India’s betting exchanges, it is easy to see where markets are behaving unusually and in some cases, markets can be abandoned and all bets void in India. The global proliferation of online sports betting since the ‘90s, led by football, initially resulted in pure arbitrage opportunities between continents. These were soon eroded by the high-speed API players and those who could scrape more rudimentary Chinese sites. Then came the betting syndicates who could more accurately price probabilities. These developments created an enormous wealth transfer (mostly tax-free) from China, via Manila, Isle of Man and Macau to some very bright traders and technologists.


Visit Us:- https://cricket88.com/betting-exchanges-in-india/


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