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What is Orbit Exchange? Introduction and features
Orbit Exchange is an online marketplace where bettors can bet against each other rather than a bookmaker. Introduced in 2017, Orbit Exchange is powered by Betfair, and has been offering a wide range of features including numerous betting markets, high liquidity and a bet acceptance speed that is as intuitive as the Betfair Exchange.
Orbit Exchange is quickly becoming a favorite among punters due to its advantages when compared to traditional sporstbooks, and offers better prices and huge liquidity across several markets. One of the major advantages of Orbit Exchange is that it offers punters flexibility with their betting options. Through this platform, players have ‘back’ and ‘lay’ betting options which further allows them to build and improve their positions on the betting market. Traditional bookmakers, meanwhile, offer limited functionality in terms of what bettors are able to bet on.
Moreover, fast bet placements and the unique ‘Cash Out’ feature offered makes Orbit Exchange an easy choice over its competitors.
Read More: Benefits of betting against other players on Orbit Exchange
Features of Orbit Exchange
Orbit Exchange offers a number of exciting features that are well-suited for all types of bettors. While the competition remains stiff in terms of betting exchanges, OrbitX stands out from the rest thanks to what it has to offer. Let’s take a look at some of the best features of Orbit Exchange:
User-friendly interface:
Orbit Exchange provides a user-friendly interface that makes it easy for both beginners and experienced bettors to navigate the platform. The simple design and intuitive layout allow users to quickly find and place bets on their chosen sports events.
Wide range of markets:
Users can access a diverse selection of sports markets, including popular sports like football (soccer), cricket, tennis, horse racing, and more. The availability of various sports and events ensures that users have plenty of options to explore and bet on.
Read More: Orbit Exchange commission: Benefits, brokers
Back and lay betting:
Orbit Exchange supports both traditional “back” betting, where users bet on an event to happen, and “lay” betting, where users bet against an event happening. This flexibility allows users to take different positions on sporting outcomes.
Competitive odds:
The odds on Orbit Betting Exchange are determined by the supply and demand of bets in the marketplace. Higher liquidity markets often result in more competitive odds, providing users with a fair betting environment.
In-play betting:
In-play or live betting is available on Orbit Exchange, allowing users to place bets on events that are already in progress. This feature adds excitement to the betting experience, as odds can change rapidly during live events.
Read More: How to place a lay bet on Orbit Exchange?
Cash-out option:
Orbit Exchange may offer a cash-out feature that enables users to settle their bets before the event’s conclusion. This feature provides flexibility, allowing users to secure profits or limit losses based on the current status of their bets.
Low minimum bet amount:
Orbit Exchange is known for offering a low minimum bet amount, making it accessible to a wide range of bettors. This ensures that even casual bettors have the opportunity to participate.
Multiple betting options:
Currently, there are no Orbit Exchange apps or Orbit Exchange software, but users can access the site using an internet browser.
Read More: What are the best Betting Exchange sites and how to pick the best site?
Orbit Exchange Cricketbook
Cricket lovers will love this Orbit Exchange cricket extension. The Orbit Exchange cricket betting platform ‘Cricketbook’ is perfect for fans of the sport. Users can separate their balances for their Orbit Exchange and Cricketbook betting accounts, while at the same time allow them to move their funds through a simple transfer. Bettors can focus on cricket betting while separating that account to avoid won’t cause any interference from being caused with their standard Orbit betting exchange account.
The Cricketbook trade page provides bettors access to additional betting options and special markets. This is also an option for added liquidity on cricket matches. However, users should note that Cricketbook currently only offers ‘back’ bets across the advanced markets.
Read More: How to sign in/login in to Orbit Exchange sites?
Upon selecting a match, there is a livestream available to view on the screen aside from showing the real-time scoreboard, for most offered games. Fans and users can watch the games while browsing through the cricket betting offer, making this a useful feature.
The Orbit Exchange Cricketbook is a great option for punters who want to enjoy live action while placing their bets, all from one central account. For others uninterested in cricket, there’s always the choice of using their standard Orbit Exchange account.
Orbit Exchange commission
Orbit Exchange has become a viable alternative to Betfair due to the numerous features that make betting all the more thrilling. The exchange allows players to place back and lay bets, besides letting them choose their own odds by placing bet requests. This can be done across a wide variety of sports, pre-match and in-play.
Orbit Exchange charges a flat commission rate of only 3% on winning bets, which is lower than the standard Betfair commission. Another advantage for players is that there are no premium charges.
Orbit Exchange reviews have so far been largely receptive as the number of bettors signing up with the exchange has grown exponentially in the few years of its existence.
Read More: What is Orbit Exchange Commission
FAQs
Q. What documents do I need to produce when registering with Orbit Exchange?
Ans. The basic documents required when signing up with Orbit Exchange include photo identification (passport, citizen card, photo driving license), proof of address dated within 3 months (utility bill, credit card bill, bank statement), and in some cases, a bank statement of the account where funds are transferred to/from.
Q. Will my personal information be safe?
Ans. Yes, all accounts are set-up anonymously and our client’s information is confidential. We do not pass information to third parties without your consent.
Q. How much does the service cost?
Ans. The service is completely free.
Q. If service is free, what does the exchange get?
Ans. Services are paid commissions that generate turnover on sportsbooks and betting exchanges. When making referrals to bet brokers and betting software platforms, the exchange is paid a referral fee by firms providing the service.
Q. What are the payment methods?
Ans. Various payment methods such as deposits and withdrawals via bank transfer, Skrill, Neteller, Astropay, Crypto and Ecopayz (this might vary depending on your location) are accepted.
Q. What is the minimum deposit and withdrawal amount?
Ans. The minimum deposit is €10 or currency equivalent to the amount while the minimum free withdrawal is €10 (or equivalent currency).
Q. How do I withdraw my winnings?
Ans. If you have won a bet(s), you can simply request your withdrawal amount via our official website.
About Orbit Exchange
Orbit Exchange is a betting exchange platform allowing users to bet on various sports events and markets by matching their bets with other users with opposing views. Unlike traditional bookmakers, where users bet against the house, a betting exchange allows users to bet against each other. Orbitx Exchange acts as an intermediary, matching users' bets with opposing views and charging a commission on the winnings. Orbitx Exchange also offers a variety of features such as in-play betting, cash-out options, and lives streaming of certain events. These features make it an attractive option for users who want to engage in real-time betting and have greater control over their bets.
To know more visit: https://bestsportsbettingexchanges.com/what-is-orbit-exchange- introduction-and-features/ Original Source: https://bit.ly/45hFW0K
