Orbit Exchange Review: A Deep-Dive Into The Betfair Alternative

Betting exchanges offer sports bettors the promise of a fair chance at making betting profits, without the worry of restrictions. However, not all countries can access a betting exchange such as Betfair, and that promise of no limitations!

Well once you hit the premium charge, that’s not entirely true.

If you can’t access Betfair in your country or have hit premium charges you are probably wondering what are the best Betfair alternatives available.

In today’s article, we are going to take a look at the Orbit betting exchange, which could provide you with all the answers you are looking for:

• How the Orbit Exchange works
• Is the Orbit legitimate, any negatives?
• Promotions and bonuses with the Orbit Exchange
• Are there premium charges?
• What countries can access the Orbit Exchange?
• What deposit methods can you use?

How Does Orbit Betting Exchange Work?

The Orbit Exchange emerged in 2017 and quickly ascended to prominence. Its rapid rise can be attributed to the backing of Betfair, a renowned exchange platform.

The creation of the Orbit Exchange was in response to the widespread frustrations among players who were barred from accessing Betfair due to geographical restrictions. Orbit was created as a solution to these accessibility issues.

Orbit mirrors Betfair in many aspects, including odds, events, liquidity, and various other features. The platform offers a vast selection of sports and betting options, catering to the average sports bettor and advanced sports trader.

If you are familiar with the layout of Betfair then it will take you very little time to adjust to the Orbit Exchange…

It stands out in the competitive betting exchange market with its substantial liquidity and superior odds. Additionally, its commission rates are notably lower and more user-friendly compared to those of Betfair. If you are looking for a Betfair alternative, then the Orbit exchange is an ideal option.

How legitimate is the Orbit Exchange?

Access to the Orbit exchange comes through the betting broker BetinAsia.

BetinAsia are one of the longest-running betting brokers in the world established in 2011, they have been offering their services for close to 13 years now. Allowing access to both the orbit exchange and multiple Asian bookmakers they are respected as one of the most trustworthy betting brokers currently available.

Registration and Promotions

Promotions with the Orbit Exchange can differ depending on your country. Due to Betfair’s ongoing efforts to lift restrictions in various countries, Orbit Exchange doesn’t offer direct registration. Instead, access is granted through a betting broker or agent.

You might wonder why a broker or agent is necessary to use Orbit. The reason is simple: it minimizes the likelihood of facing access restrictions. Brokers act as middlemen.

To register, you’ll need to employ a broker or agent who operates legally within your country. This approach ensures that you’re accessing the platform through a legitimate channel, thereby granting you full access.

So, how does this setup impact promotions at Orbit Exchange?

Firstly, it means that the availability of promotions is highly dependent on individual circumstances. Orbit Exchange, as a standalone platform, currently does not provide any promotions.

However, the brokers or agents you use to access Orbit may offer their own unique bonuses or special deals.

We’ve got a separate article that explains the benefits of using a betting broker here.

Orbit Exchange Commission and Liquidity:

Commission rates are a common grievance among players using betting exchanges. While it’s understandably frustrating to see a portion of your winnings deducted, it’s important to recognize that these fees are a primary revenue source for these platforms, enabling them to operate profitably.

However sports bettors and traders are always looking to be as profitable as possible. This means seeking out see where we can get the best deal.

The extent of these charges can vary significantly between different brands. Some exchanges impose exorbitant fees if you are a winning player and some countries also have a higher base rate of commission than others.

In some countries this commission rate can be as high as 7% on net winnings.

In contrast, the Orbit Exchange demonstrates a more considerate approach towards its users. Orbit opts for a modest commission rate. Charging only 3% on winnings. This reduced commission rate is a notable advantage for users, especially when compared to premium charge rates implemented by other exchanges.

Does the orbit exchange have premium charges?

Those familiar with Betfair’s model will be aware of premium charges. premium charges are increased commission rates as you become more successful with top-tier rates at 60%. These charges are seen as a way for Betfair to benefit from the high profitability of successful bettors.

In contrast, Orbit Exchange takes a different stance. They do not enforce any premium charges, regardless of how consistently a user wins.

This policy ensures that successful bettors can enjoy their winnings without the concern of additional fees cutting into their profits. This absence of premium charges is a key differentiator for Orbit and is likely appreciated by those who trade frequently and successfully.

Minimum and Maximum stakes on the Orbit Exchange

The minimum bet amount you can make on the Orbit Exchange is 7 Euros. Maximum stakes on the Orbit exchange will be dependent on the liquidity of the event that you are placing bets on. There is also an exposure limit with the orbit exchange which you can set and adjust in your account settings.

Liquidity

Liquidity is a crucial factor in betting exchanges, as it refers to the amount of money available for betting within the platform. High liquidity is essential because it directly influences the odds and the ability to trade effectively. Exchanges with low liquidity often face challenges in offering competitive odds and ensuring timely payouts.

For those concerned specifically about liquidity, the Orbit Exchange is a reliable choice. Despite being established relatively recently in 2017, the platform has successfully avoided the liquidity issues that newer brands typically face. 

Orbit leverages the same liquidity pool as Betfair, which is one of the largest and most established betting exchanges in the world. Betfair’s strong financial footing and high liquidity levels virtually eliminate the risk of liquidity issues for Orbit. In some instances, Orbit even offers better odds than Betfair. 

Betting Options on Orbit

Orbit Exchange distinguishes itself in the betting exchange market through its extensive range of betting options, a feature largely attributed to its affiliation with Betfair. This partnership allows Orbit to offer betting markets across more than 30 sports, placing it significantly ahead of many competitors in terms of variety and depth.

A unique aspect of Orbit Exchange is its specialized focus on cricket, evidenced by its dedicated section known as “Cricketbook.” This feature caters specifically to cricket enthusiasts, offering a range of betting options. However, it’s important to note that only back bets are permitted in this cricket-specific section.

Can you place a back bet and lay bet?

The Orbit Exchange functions exactly like Betfair. This means that you can place back bets and lay bets allowing you to trade as you would on Betfair. The only exception is the “Cricket book” account where only back bets can be placed.

Are Orbit Exchange accounts secure?

Accessing the Orbit Exchange through a reputable and established broker is always going to be the safest way. You can also set up 2-factor authentication on the Orbit Exchange.

Here is an article explaining how.

What Countries Are Orbit Exchange Restricted?

Orbit Exchange, like many betting platforms, has restrictions in place for certain countries. These restrictions can vary depending on the betting broker or agent through which Orbit Exchange is accessed.

Countries banned from gaining access via BetInAsia:

• United States
• United Kingdom
• Sweden
• France

Users need to be aware of these geographic restrictions as they can significantly impact the ability to access and use Orbit Exchange’s services. These restrictions are often due to legal and regulatory considerations in the respective countries. 

Related Article: Betting Brokers Explained – Unlimited Sports Betting Without Restrictions

Deposits and Withdrawals

The process of depositing and withdrawing funds on Orbit Exchange can differ based on the broker or agent you choose to use. Orbit offers a range of payment options, though the specific methods available to you may depend on your geographical location.

To ensure the safety of your funds, Orbit holds deposited money in a BIA (Betting and Intermediary Account) Wallet. This wallet is designed to safeguard your funds, and in some cases, the platform might require additional confirmations after you make a deposit.

Some of the most commonly used payment methods through Orbit Exchange brokers include:

1. Neteller – Popular e-wallet known for its security and convenience.
2. Skrill – Similar to Neteller, Skrill is widely used for online transactions in betting.
3. Bank Transfer – Traditional method allowing direct transactions from your bank account.
4. Astropay –  Virtual prepaid card service, useful for quick and secure online payments.
5. Ecopayz – E-wallet offering a range of financial services, including fast and safe online transactions.
6. Crypto – Digital currencies like Bitcoin and Ethereum, offering anonymity and quick transfers.

Know Your Customer Checks

Orbit Exchange emphasizes the importance of Know Your Customer (KYC) protocols, ensuring that all users are thoroughly verified. 

To pass the KYC check, users are required to provide valid identification. Accepted forms of ID include:

1. Identification Cards (IDs)
2. Driver’s License
3. Recent Utility Bill (to verify your address)

How To Withdraw From Orbit

Withdrawals need to be made using the same payment method used to deposit. They are cleared within a 24 hour period and times that the funds will arrive back in your account can depend on the method used to deposit.

The maximum amount that can be withdrawn in a 24-hour period is capped at 2000 USD.

Is The Orbit Exchange The Best Betfair Alternative?

There are other alternatives to the Betfair Exchange such as:

• Betdaq
• Matchbook
• Smarkets

The biggest problem with these exchanges is a lack of liquidity in the markets. Their reliance on the volume of money from matched bettors and arbitrage bettors (they don’t function like a true exchange.)

These exchanges are also known to impose limitations on winning players. For example, Smarkets will implement their version of the premium charge if you make over £25k in a year. After this you are charged 3% per bet (not net winnings). This is an obvious sign they don’t want long-term winning traders or bettors.

On top of this many of the Betfair alternatives on this list can only be joined from a limited amount of countries.

Overall given all of these factors if you are looking for an alternative to Betfair. The Orbit Exchange for the majority of people is the best option to look at!

Orbit Exchange Trading Software and API Access

Currently, there is no option to use third-party software software such as Geekstoy with the Orbit Exchange. This could be something that is implemented in the future, however, currently, there are no plans.

Orbit Exchange v Betfair Exchange

Ultimately most of you reading this article will be looking at the Orbit Exchange as an alternative to Betfair. They are very similar, you are using a broker to access Betfair. The differences between the two platforms are few.

How do they compare?

A key advantage of Orbit Exchange over Betfair is its approach to rewarding consistent winners. Unlike Betfair, Orbit Exchange doesn’t levy premium charges on successful bettors. This means profitable sports bettors can keep more of their winnings without worrying about extra fees for their success. Additionally, if your current platform charges more than a 3% commission, switching to Orbit Exchange can significantly boost your profits over time.

Related: Get Access to Orbit Exchange via BetinAsia Here