Crickex Exchange Review

Crickex is an exceptional betting exchange platform where you can bet on the sports events of cricket, football, tennis, e-soccer, and much more.

It is a legally operating betting exchange licensed in Curacao. So, you can safely bet on various events, such as scores up to a certain point and the final result. You can make payments and withdrawals conveniently using bank deposits, Rupee-O, UPI, PhonePe, PayTM, IMPS, and iPay.

Join us as we take a closer look at the Crickex Exchange!

Crickex Betting Exchange

At the Crickex Exchange, you can bet on football, cricket, tennis, and e-soccer.

You can bet on leagues and competitions of various levels. For example, for cricket enthusiasts, you can bet on the ICC Cricket World Cup as well as lesser-known competitions like the European Cricket Championship T10.

Similarly, if you’re a football enthusiast, you can bet on UEFA Champions League matches as well as lesser-known competitions like the Azerbaijan Premier League. So, there is a wide variety of leagues and competitions you can bet on. Moreover, Crickex offers pre-match as well as live betting.

The Crickex exchange lets you place back and lay bets on all of the above mentioned tournaments and more. This means that you can find better odds than at regular betting sites and you can even determine your own odds by setting them on the platform.

The Crickex app allows you to play on the betting exchange without any problem, but there is no specific app for the exchange only. You can download the Crickex app from the official bookmaker website and place bets in the regular sportsbook as well as on the exchange with ease.

How to Bet on the Crickex Betting Exchange?

To bet on cricket matches at Crickex betting exchange, take the following steps:

1. Open the Crickex website or app.
2. From the sports dropdown menu, click on Cricket.
3. In the window that opens, make sure the cricket tab is open.
4. You can sort the matches by time, competition, and bets matched. Open the cricket match you are interested in.
5. Select the bet you want, enter the stake amount, and confirm the bet.
6. If you don’t find the bet you want to place, you can come up with odds yourself and accept bets from other players on the exchange

How to Place Back and Lay Bets on Crickex?

A back bet is a bet in support of an event happening, which is the same as you can place on regular bookmakers.

Lay bets are just the opposite, as it is a bet against an event happening. This is a unique feature that can only be found on betting exchanges and allow you more freedom and often higher odds as well.

Check the examples below for better understanding.

Back Bet on India Winning

• When you place a “back” bet, you are betting on a particular outcome to happen. In this case, you are betting India will win the cricket match.
• If India wins the match, you will make a profit based on the odds you placed the bet. The higher the odds, the more profit you will make if your bet is successful.
• However, if India loses or the match ends in a draw, you will lose your stake.

Lay Bet on New Zealand Not Winning

• When you place a “lay” bet, you are essentially betting against a particular outcome happening. In this case, you are betting that New Zealand will not win the match.
• If New Zealand loses or the match ends in a draw, you will win the stake someone else placed on their “back” bet. This is because you are effectively betting that their “back” bet will not be successful.
• If New Zealand wins the match, you will have to pay out the amount of the stake of the person who placed the “back” bet against you. Your loss is determined by the odds at which you agreed to the “lay” bet.

In the first case, you will win the bet only if India wins. But, in the second case, you will win the bet if India wins or if the match is drawn.

In such cases, the odds are lower for lay bets as they are safer than back bets.

You can place back and lay bets at Crickex betting exchange by taking the following steps:

1. Open the Crickex website or app.
2. From the sports dropdown menu, click on Cricket.
3. In the window that opens, make sure the cricket tab is open.
4. Select the match you are interested in.
5. Find the outcome you are interested in and select the kind of bet you want to place, i.e. back or lay bet.
6. Enter a valid stake amount and confirm the bet.

Is the Crickex Exchange Legal?

You should note that all the betting exchanges mentioned on Cricket Expert are perfectly legal, safe, and trustworthy. Crickex is owned by VB Digital NV and licensed from Curacao. You can safely bet on various sports across leagues of all levels.

Since the betting exchange is well documented in the FAQ section and because of the excellent customer support, any issues you face will be resolved easily in record time.

You can be sure you will be paid when you win a bet. The Curacao license provides a safety net for you, as the regulator would crackdown on Crickex in case any injustice may happen.

However, Crickex has been known for paying out their winnings in time and have never received any penalties for breaking the rules.

Payment Methods

At Crickex betting exchange, you can make deposits and withdrawals using bank deposits, Rupee-O, UPI, PhonePe, PayTM, IMPS, and iPay. The betting exchange accepts deposits in the Indian National Rupee (INR), Bangladeshi Taka (BDT), and Pakistani Rupee (PKR).

The minimum deposit amount is INR 200, and the minimum withdrawal amount is INR 2,000 across all payment methods.

All deposits you make are reflected in your Crickex account instantly. It takes a maximum of 7 days to process your withdrawal request. On average, Crickex processes withdrawals within 6 hours, but it may take longer if you opt for the bank transfer option.

You can make a deposit at Crickex by taking the following steps:

1. Open the Crickex exchange app or website and log in.
2. Click on the deposit button and select your preferred payment method.
3. Provide details such as your account holder's name and payment method ID (card number for bank deposits).
4. Enter your desired deposit amount and confirm the deposit.
5. Authorize the transaction through SMS OTP or mobile app in the given time. You will have 3 to 5 minutes to do so.

Crickex Exchange Bonuses

There are currently no welcome bonuses at Crickex. However, you can still take advantage of the following promotions on the platform.

• Referral Bonus: By inviting a friend using a referral link, you and your friend will both get INR 200, given that your friend deposits at least INR 1,000 and the turnover is more than five days and of more than INR 5,000. The Crickex referral bonus is one of the best ways to get your journey started.
• Weekly Lucky Draw: Stand a chance to win a 64GB iPhone 13 by depositing INR 1,000 to buy a ticket to enter the prize pool. Winners are selected randomly every Monday.
• Birthday Promotion: If the turnover in the past five months was more than INR 5,000, you will receive a gift of INR 1,000 on your birthday.

Although the above mentioned bonuses are not specifically for the betting exchange, you can use the bonus money in the sportsbook as well as on the exchange.

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