How the exchange works

An exchange is not a bookmaker. On Radhe Exch, every price you see was posted by another player taking the opposite view — which is why the board moves the instant a game does. Understand these five minutes of mechanics and the whole panel makes sense.

To back a selection is to bet that it happens. To lay is the opposite instruction — you take the backer's counter-position and profit when the outcome does not happen. On screen it is two coloured boxes; the consequence takes longer to absorb: because both sides are live at once, the board reacts to a wicket within seconds.

Sample odds for illustration only.

Back example: you back India at 1.72 with 1,000 points. India wins → you receive 1,720 points (720 profit). India loses → you lose the 1,000 staked.

Lay example: you lay India at 1.74 with 1,000 points liability-style. India loses → you keep the backer's 1,000 stake as profit. India wins → you pay out 740 (the backer's profit). Laying means your risk is (odds − 1) × stake — always check the exposure figure before confirming.

Exposure is the amount you stand to lose across your open positions if results go against you. Find it in your account controls before a match starts. Hunting for it mid-chase is how people misjudge what is actually at risk.

• Check exposure before every session, not during.
• Green numbers = profit locked in; red = amount at risk.
• If you can't explain your exposure in one sentence, your position is too complicated — simplify.

• Price shortening (1.90 → 1.60): the market thinks it more likely — money is backing it.
• Price drifting (1.90 → 2.30): confidence draining — money is laying it.
• Gaps between back and lay widen when the market is uncertain or liquidity is thin — expect this in small games.
• Suspended = a major event just happened (wicket, goal); the market reopens in seconds at new prices.