India runs on cricket. So do we.
Cricket is about 42% of Funexchange volume in any given week. More during the IPL, even more during a World Cup. Players come to us for two things. Sharper prices than the bookmakers, and bets that settle the same day.
This page is the practical guide. Tournaments we cover, markets we list, how the exchange model is different from a regular bookmaker, and the small habits that separate winning bettors from the rest. Whether you watch every ball of every Test or you only switch on for the IPL final, you should find this useful.
What we cover, year round
Indian Premier League
Every match of every season, from the opener to the trophy lift. Pre-match markets open 72 hours before each game. In-play markets stay open till the last ball. A single IPL match-winner book on Funexchange routinely crosses ₹1 crore in matched volume.
ICC events
ODI World Cup, T20 World Cup, Champions Trophy. Every group game, every knockout. We also list the long-running specials (tournament top scorer, group qualifiers) from the day squads are announced.
Test series
Border-Gavaskar, the Ashes, every India home and away tour. Test pricing on Funexchange is sharper than most Indian bookmakers because our traders update odds at the end of each session, not just every wicket.
Overseas T20 leagues
BBL, CPL, PSL, SA20, The Hundred. BBL is especially popular with our evening-shift Indian players because matches finish about the time dinner is wrapping up.
Domestic and women’s cricket
Ranji Trophy, Vijay Hazare, Syed Mushtaq Ali, Women’s Premier League. Smaller liquidity than IPL. Honest assessment: this is where you find genuinely mispriced markets, if you do your homework.
How an exchange is different from a bookmaker
A regular bookmaker sets the odds and you bet against them. The book always builds in a margin of 5 to 10 percent, which is why a 50/50 match is priced 1.85 / 1.85 on most Indian books.
Funexchange is an exchange. You are matched against another player who wants the opposite side of your bet. The odds you take are the odds someone else has offered. We charge a 2% commission on net winnings only, lower than the 5% industry standard. Losing bets cost nothing.
Over a year of play, that difference is large. A player who turns over ₹10 lakh a month saves about ₹30,000 to ₹50,000 in commission compared to a regular book. Compounded over a year, you can pay for a Bullet.
You can also lay bets on the exchange (back a team to lose). That unlocks trading strategies a bookmaker cannot give you. Hedge an IPL final pick at half time, lock in profit before the last over, trade the toss before the match starts.
Markets per match
A typical IPL match has 30 to 45 markets open. A low-profile bilateral T20 might have 12 to 15.
Match outcome. Match winner (3-way for T20). Series winner. Group qualifier.
Player markets. Top batsman, top bowler, man of the match. Player runs over/under. Player wickets. Highest opening partnership.
Innings markets. Total runs in innings, powerplay runs (over 1 to 6), death overs total (over 15 to 20), fall of next wicket, method of dismissal.
Ball-by-ball. Outcome of next over, runs off next ball, will the next wicket be LBW.
Specials. Super over yes/no, century yes/no, total sixes in match.
Markets stay open through the game and prices shift in real time. You can place a bet, watch the match evolve, and either let it ride to settlement or trade out at a different price.
How to place your first cricket bet
- WhatsApp our team using the button at the top of any page. Send a "Hi", get your Funexchange ID inside a couple of minutes.
- Deposit. Minimum ₹100, via UPI, PhonePe, GPay, IMPS or NEFT. Money reflects in 10 to 60 seconds.
- Browse the cricket schedule. Live matches show a red Live tag. Pre-match shows the start time.
- Click any odd to add it to your slip. Type your stake. Confirm.
- After settlement, winnings credit automatically. Withdrawals process in about 20 minutes during business hours.
You don’t need to know the platform in advance. Our WhatsApp team walks first-time bettors through their first match in chat, including helping pick small markets to start with.
Five habits of winning cricket bettors
Bet what you actually watch. The edge comes from tournaments you follow closely. If you only watch IPL, focus there. Don’t bet the PSL on a hunch because the odds look attractive.
Check the toss before you bet. In subcontinent T20s, the toss-winner has historically had close to a 60% match-win rate. Pre-toss prices don’t fully reflect this.
Watch the dew. Evening matches in Chennai, Mumbai and Kolkata get heavy dew from October to February. Chasing teams win 65% of those games when dew kicks in by the 8th over. Live odds adjust slowly. Trade it.
Don’t chase live markets in the first six overs. Powerplay volatility is brutal. Prices swing 15 to 20 ticks per ball. Wait until the chase rate stabilises around over 8.
Settle your wallet weekly. Withdraw to bank every Monday. It builds a profit-and-loss discipline that prevents the "playing with house money" trap that wipes out so many bettors.
FAQs
Is cricket betting legal in India?
Online cricket betting sits in a legal grey area in India. It is regulated state by state, and most states have no explicit ban on participating in offshore exchanges. Funexchange operates as an offshore exchange and the responsibility is on the player to ensure legality in their state. Maharashtra, Telangana, Andhra Pradesh, Karnataka and Tamil Nadu have specific local rules worth reviewing.
What is the minimum bet?
₹50 on most markets. ₹100 on some niche player markets.
How long does a withdrawal take?
Around 20 minutes during business hours (9 AM to 9 PM IST). Overnight requests get processed at the start of the next business day.
Do you cover Ranji Trophy?
Yes. Match-winner and innings-total markets on every Ranji game. The liquidity is small, but the prices are usually softer than a top-tier game.
Can I cash out a bet before the match ends?
Yes. Click "Cash out" on any matched bet. The exchange offers you the current market value. Accept it or hold for full settlement.
Is there a cricket-only bonus?
No, we don’t run sport-specific bonuses. Our welcome bonus, ₹400 referral and 5% weekly cashback apply to cricket bets the same as any other sport.
What happens if a match is abandoned or rain-affected?
Limited-overs matches follow Duckworth-Lewis. Tests that end in a draw settle the match-winner as a tie. Abandoned markets are voided and stakes refund. Full rule list is on the Terms page.
That’s it. Tap Get Your ID at the top to start playing cricket on Funexchange. Our WhatsApp team is online right now.