BetBarter Exchange Review
Updated: September 11, 2024
Published: September 11, 2024
BetBarter is a sports betting platform owned and operated by Sky Infotech N.V. In addition to providing bookmaking services, its website contains a dedicated betting exchange, which offers a decent variety of bets and competitive odds for sports like cricket, football, and tennis.
Rest assured that the bookmaker holds all necessary permissions and licences to operate legally. The BetBarter exchange contains the most popular and convenient payment methods, allowing you to transact without hassles.
BetBarter Betting Exchange
If you have never used a betting exchange, you may wonder what it is. A betting exchange is similar to a bookmaker’s betting platform, but instead of betting against the bookmaker, you play against other members. This is an exclusive service offered by a few bookmakers, BetBarter being one of them.
BetBarter’s betting exchange offers a host of sports from around the world, including cricket, football, and tennis. These sports comprise major international and domestic events. For example, you can bet on all four tennis grand slams as well as the ATP and WTA tour matches in between.
Similarly, you can place pre-match and live bets on the cricket and football World Cups, as well as the Indian Premier League and the English Premier League tournaments.
The BetBarter exchange can be accessed on the bookmaker’s website and betting app, which is currently available for Android devices.
How to Back a Bet?
Backing a bet means placing a traditional bet by backing the odds. Let us take the example of an Afghanistan vs New Zealand cricket match.
When you place a wager on the odds predicting New Zealand’s victory, it is called backing the bet. Likewise, you can set a bet backing, say, Kane Williamson, to score a century. If Williamson scores a hundred, you win the bet and get paid.
How to Lay a Bet?
Lay bets are unconventional wagers in which you bet against an event from occurring. Using the same teams as an example, you can place a lay bet on Afghanistan to lose the match or on Kane Williamson not scoring a hundred.
If either scenario transpires, you win. The lay bet’s ability to add a fresh perspective to betting makes it an exciting choice for many gamblers.
Is BetBarter Exchange Legal?
BetBarter Exchange is legal in India as it does not violate the country’s basic gambling rules. Barring a couple of states, BetBarter can legally operate in all regions. The bookmaker holds a Curacao eGaming licence and has the necessary security measures to safeguard user information and finances.
The betting website is also regularly monitored by the European authorities for fairness. They ensure that BetBarter pays the winners their winnings in full and on time, and any irregularities found pose the risk of severe penalties.
In short, this bookmaker’s services are legitimate in India, and you can feel safe and trust them with your membership.
BetBarter Exchange Payment Methods
BetBarter is committed to making your transactions hassle-free, offering you an assortment of payment options on its exchange while accepting Indian Rupee (INR) as the currency.
To operate it, you must transfer some funds from your main wallet to the exchange wallet. You can use that amount for bets and gradually build on it.
Meanwhile, in the table below, we have listed the various payment methods available at BetBarter along with their respective minimum and maximum deposit limits:
| Payment Method | Minimum Deposit Limit | Maximum Deposit Limit |
| Bank Transfer | INR 200 | INR 500,000 |
| Paytm | INR 200 | INR 50,000 |
| PhonePe | INR 200 | INR 100,000 |
| Google Pay | INR 200 | INR 50,000 |
| PayzEasy | INR 200 | INR 50,000 |
| AstroPay | INR 1,000 | INR 100,000 |
| UPI | INR 200 | INR 100,000 |
| Cryptocurrency | INR 1,000 | INR 50,000 |
| ABC Gateway | INR 500 | INR 100,000 |
The bookmaker processes all your deposits swiftly. You can receive your funds within 5 minutes, depending on your selected payment method.
Similar to deposits, BetBarter offers multiple payment methods for withdrawals. Here is the list and minimum and maximum cash-out limits against them:
| Payment Method | Minimum Withdrawal Limit | Maximum Withdrawal Limit |
| Bank Transfer | INR 1,000 | INR 500,000 |
| AstroPay | INR 1,000 | INR 99,000 |
| Cryptocurrency | INR 1,000 | INR 1,000,000 |
The withdrawal time at BetBarter varies from source to source. While the processing time on AstroPay and cryptocurrency is around 15 minutes, for bank transfers, it can take 3 to 5 days for the withdrawn funds to reflect in your account.
Also, note that the bookmaker generally does not allow withdrawal cancellations. However, you can check the status of your withdrawal request, and if it is pending, you can contact the customer support team to reverse it.
BetBarter Exchange Bonus
After registering at BetBarter, you can collect a first deposit bonus of 25% cashback up to INR 10,000. To calculate your BetBarter welcome bonus, the bookmaker considers your net losses in all products within the first 7 calendar days.
So, let’s say you made your first deposit of INR 5,000 and bet on various markets over the next 7 days. At this time, you suffered a loss of INR 4,000 while claiming a total winnings of INR 1,000.
Your net losses then come to INR 3,000, which, when divided by 25, gives you 750, the cashback amount. BetBarter will credit your cashback of INR 750 on the eighth day.
Similarly, you make your first deposit of INR 50,000 and bet on various products over the next seven days. During this period, your total losses are INR 60,000, whereas your total winnings are INR 10,000.
This gives a net loss of INR 50,000 (60,000 – 10,000). Based on the 25% of the net losses, your cashback amount is INR 12,500. However, you will receive only INR 10,000 since it is the maximum cap. The bookmaker will credit INR 10,000 as cashback on the eighth day.
FAQ
Yes, BetBarter Exchange is owned and operated by Sky Infotech N.V., a company that holds a Curacao license and is completely legal in India.
Yes, BetBarter Exchange is a trustworthy betting exchange powered by Sky Infotech N.V, a company that holds a Curacao license.
At BetBarter Exchange, you can bet on football, cricket, tennis.
There is no specific app for the exchange, but you can use the general BetBarter app to access the exchange. Do note that this app is only available for Android devices.
