Quick answer
On a cricket betting exchange you can back an outcome, betting it will happen, or lay it, betting it won't. KhelKing shows blue back and pink lay prices side by side on every market, on the same ID and balance you use for everything else. Before laying, always check your liability, which is what you pay if the outcome happens.
At a glance
Key takeaways
- On the KhelKing cricket exchange, blue back prices bet an outcome happens and pink lay prices bet it won't.
- Lay liability is lay stake × (odds − 1), so laying ₹100 at 3.0 risks ₹200.
- The exchange is the market board on your ID, not a separate account.
- Backing high and laying later at a lower price can lock in a result. This is called trading.
- Trading only works if the price moves your way.
What is the KhelKing exchange?
The live market board behind your KhelKing ID, not a separate account. Open a cricket fixture and the exchange is the list of markets on that page, with back and lay prices on each one.
What's the difference between backing and laying?
Backing is a normal bet: you win if the team or outcome succeeds. Laying reverses it, so you take the bookmaker's role and win if the outcome fails. The same price means something different on each side, so check which colour you're tapping. The how betting works section of the betting guides has worked examples.
How is lay liability calculated?
Liability is the lay stake multiplied by the odds minus one. Laying ₹100 at 3.0 means a liability of ₹200. If the outcome fails, you win ₹100; if it happens, you pay ₹200. The slip shows the figure before you confirm.
Which cricket markets are on the exchange?
Five market types cover most fixtures.
- Match odds, settled on the official result, including DLS where it applies.
- Toss, which settles when the coin lands.
- Innings totals; check how a shortened innings is treated.
- Session markets, live only, where in-play pricing matters most.
- Player runs or wickets, once the XI is confirmed.
How do exchange prices move during a match?
Different stages of a match move prices for different reasons.
- Before the toss, prices shift with team news, pitch reports and weather.
- After the toss, conditions such as dew are priced in quickly.
- In play, wickets and big overs cause the sharpest moves.
- Markets suspend briefly after key moments, then reopen at new prices.
How can backing and laying lock in a position?
If you back a team at a high price and it later shortens, laying the same team at the lower price can guarantee a result whichever side wins. That's called trading, and it only works if the price moves your way. If it moves against you, laying off can also cap a loss.
How do you get started?
Five steps to your first exchange bet.
- 1
Get a KhelKing ID through the official WhatsApp linked from this site.
- 2
Fund your balance by UPI from the Deposit section.
- 3
Open a cricket fixture.
- 4
Read the market name; match odds, sessions and totals are different bets.
- 5
Confirm a small stake and check it in your open bets.
What should you check before placing an exchange bet?
Four checks on the slip, every time.
- Whether you're on the back or the lay side.
- Your liability, if you're laying.
- Whether the market is pre-match or live.
- The rules for ties, Super Overs, rain and abandoned games.
Still wondering?
Frequently asked questions
01What does laying a team mean?
Betting the team won't win. You win the stake if they don't, and pay your liability if they do.
02How much can I lose on a lay bet?
Your liability: lay stake × (odds − 1).
03What is trading on a cricket exchange?
Backing and laying the same outcome at different prices to lock in a result.
04Where do I find the exchange on my ID?
It's the market board on your KhelKing ID, so there's no separate account to open.
05Can I trade on every market?
On any open market with both back and lay prices. It needs the price to move your way.
06Does the exchange cover other sports?
Yes. Football, tennis, racing, kabaddi and more use the same board.
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Written by
KhelKing Cricket Desk
IPL, T20 and international cricket
The cricket desk writes KhelKing's match previews and market guides, from toss and session lines to Dream11 picks, and checks each market name against the live exchange before a post goes up.
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