How is an exchange different from a bookmaker?

You bet against other users at market prices and can lay outcomes, which a traditional bookmaker does not allow.

What is lay liability?

The amount you risk when laying a selection — it is held from your balance until the market settles.

Can I cash out early?

Yes. Take the opposite side of your bet at the current price to close the position.

Is commission charged on losses?

No. Commission applies only to net winnings in a settled market.

Do exchange markets stay open in-play?

Yes, on all major cricket, football and tennis fixtures.

Exchange

11xPlay Exchange — Trade the Odds, Don't Just Take Them

On an exchange you bet against other players, not the house. Back a selection, lay it later at a better price, and lock a result before the match ends.

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The exchange is the reason experienced players prefer this format. Prices move with the market, spreads are tighter than fixed bookmaker odds, and you can be on either side of a selection — backing it to win or laying it to lose.

In-play cricket is where this matters most. A wicket, a rain delay or a big over shifts prices instantly, and an exchange ID lets you trade that movement rather than sitting on a single pre-match position.

How Exchange Betting Works

Back

Bet that an outcome will happen, at the best price other users are offering.

Lay

Bet that an outcome will not happen — effectively acting as the bookmaker.

Green up

Close a position at a better price to lock the same profit on every outcome.

Live ladder

Depth of market shows the money available at each price before you commit.

Session markets

Over-based run lines that settle mid-innings, ideal for short-term trading.

Commission model

You pay a small percentage on net winnings instead of an inflated price.

Your First Exchange Trade

1
Get an exchange ID
Message the desk; the panel link and login arrive in chat.
2
Place a back bet
Choose a team pre-match at a price you are happy with.
3
Lay it in-play
When the price shortens, lay the same selection to lock the profit.

Exchange Trading Tips

Trade small until you can read the price ladder
Watch the match, not only the numbers
Session markets move fastest — set an exit price before entering
Keep enough balance free to cover lay liability
Note commission when calculating a green-up
Never chase a losing position with a bigger stake

Answers

Exchange — Common Questions

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