The Exchange is what sets Baji apart from most Indian bookmakers. Instead of betting against the house, you bet against other users. Two options are available for every market:
- Back (Blue). You bet on something to happen. If you back India to win and they win, you collect. This is identical to a normal bet at any bookmaker;
- Lay (Pink). You bet against something happening. If you lay India, you win when India loses or draws. You take on the role of a bookmaker here. The risk is higher because your liability exceeds your bet, but the odds are often more favourable.
Prices on the Exchange move based on user activity, not bookmaker decisions. For popular matches, liquidity is high and spreads are tight.
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