King Exchange was an illegal betting site that was set up to satisfy the betting needs of punters in India. The problem with a site like King Exchange was that it was purely illegal. Yes, while we understand there is some greyness surrounding the gambling industry in India, King Exchange was bordering on the illegal / banned side of things.
Below you will find three alternatives that are licensed, safe and secure that you should be using instead of King Exchange.
What is King Exchange?
King Exchange was set up to provide betting options and online casino games for punters in India. They covered a whole range of sports from horse racing to football to the ever-popular cricket games in India. They were also covering all the major sporting events including the Indian Premier League. This meant that by creating an account on King Exchange, you could essentially bet on your favourite IPL matches. They were also covering all manner of betting markets including the ability to place bets on a single ball bowled, the number of runs being scored in an over or match and so on and so forth.
Online Casino games at King Exchange
The online casino side of things was well catered for as well. You had the option of playing the latest in online slots from all of your favourite providers such as Microgaming and Netent. You also had the option of playing live casino games as well as multiple variations of games such as roulette, blackjack and poker.
Why Play at Alternatives to King Exchange
One word…Illegal. This is by far the biggest negative associated with playing at King Exchange. As you can tell from above, they had done a good job of covering both sports betting and online casino. However, the punters were playing in an environment which was unsafe and dangerous. Remember that to place bets you need to deposit money which means providing sensitive information such as your financial details. Do you really want that information landing in the wrong hands?
If this isn’t enough of a deterrent for you then you will be pleased to know that the owners of King Exchange are currently serving time behind bars. Not only were they providing a betting portal that was illegal, but they were also using the income from King Exchange to fix matches. As we Indians know, match fixing has been the one blotch on cricket related activities that the sub-continent has not managed to shake off.
Foreign Cricket Betting Sites are the Way Forward in India?
Yes, they are for several reasons. First and foremost, these sites are licensed either by UKGC, MGA or Curacao. To put it simply, these sites are required to jump through various hoops to ensure they get the license and that they get to keep the license in the future. This means providing a safe and secure environment for their customers and deploying the latest in SSL encryption technology. They also conduct thorough KYC checks to ensure that individuals are using the right details when playing at their betting sites or online casinos. This prevents evils such as money laundering from taking place.
These foreign sites are also heavily localised meaning that players are able to deposit and withdraw their money using local payment methods such as UPI, GooglePay and Paytm. If for whatever reason there’s an issue with the cashier, you can head to their customer service portal where you will be greeted by a professional and friendly customer support team.
The last factor that certainly swings the ball in favour of the foreign betting sites is the sheer number of bonuses and promotions they offer to their customers. With increased competition in the Indian gambling space means that betting sites and online casinos will be offering several incentives for the players to create accounts with them. These include match deposit bonuses, free bets and weekly cashbacks. This is on top of the various seasonal promotions and competitions that are being run around festivals such as Diwali and Holi.
In my humble opinion, I would advise that you stay from the King Exchange and instead opt for the foreign betting sites. There are several licensed betting sites that have now entered India and it would be safer for you to create accounts with them than an illegal platform such as King Exchange. Head over to the different sections on cricketbettingwali.in to find the site that suits you.