What is my Orbit Exchange bet status? November 28, 2022 – Posted in: Featured Articles – Tags: ,

Are you interested in betting on sports games and want to explore the best and safest way to do it? Well, Orbit Exchange is here to serve you. It is an exchange that allows users to bet on sports matches. The platform uses Ethereum as its cryptocurrency and Bitcoin Cash as the base currency. Some of the unique features of this platform include using fiat currencies such as USD, GBP, and EUR while having several payment methods such as credit cards. 

About Orbit Exchange 

Orbit Exchange is a decentralized sports betting platform that accepts cryptocurrency as payment. It is built on the Ethereum blockchain, making it a speedy and safe platform for placing bets. 

The inspiration behind this project was the lack of options for bettors who wanted to use their favorite cryptocurrencies, such as Bitcoin or Ethereum, at online casinos or sportsbooks but do not want to pay the exorbitant fees charged by the sites in exchange for using credit cards or withdrawing money from a bank account. 

Orbit Exchange tries to offer its users an alternative solution by allowing them access to significant cryptocurrencies more straightforwardly. Bettors won’t have to worry about cashing out when their time comes around! 

Orbit Exchange vs Betfair 

Users in other platforms such as Betfair are charged considerably higher in winnings (5%) than Orbit Exchange. OrbitX, on the other hand, charges a flat commission of 3% on all winnings. 

With OrbitX, you are not charged for your bet losses. There are no premium charges unlike Betfair if you consistently win. OrbitX is a much beneficial platform for expert sports bettors.

What is my bet exchange status? 

Until you cancel an unmatched bet, it remains on the market as an offer. The amount of money available on exchange constantly changes, especially during a race or when a market is in-play, so you may have to adjust your odds or stake accordingly.

The exchange may partially match your bet. It doesn’t mean your bet can still be matched in full even if it wasn’t matched instantly. You can adjust the odds of the unmatched part of your partially matched bet in the same way you did for unmatched bets.

After the market settles, the result will be known. You only have a bet once someone matches your offer. You will get your money back if nobody matches your bet before the market closes or is turned in-play.

Furthermore, you can check your bet status by clicking on the “My Bets” page. Click on the down arrow beside your balance, and you will be directed there. 

How to make easy money on Orbit Exchange

This is how you make easy money with Orbit Exchange using crypto. 

  1. Go to the website and create an account
  2. Once you have selected the sports you wish to bet on, you will have to choose the currency you wish to bet with (USD or BTC). Alternatively, you may choose to use Bitcoin Cash instead of Bitcoin as your payment method. It’s important to keep in mind that there are some fees associated with BCH transactions, so be sure to have all your funds ready before you proceed.

Things to keep in mind 

When you deposit your Bitcoins on the Crypto Orbit exchange, you practically convert them into FIAT currency (FIAT money refers to a government-issued currency that is not backed by an actual commodity, such as gold or silver, but rather by the government that issued it). A currency like the Euro or the dollar falls under this category. Due to Bitcoin’s significant volatility, the operator protects your available balance from future price changes. Therefore, even if Bitcoin’s price decreases significantly, your money will remain perfectly safe since its value won’t change.

Conclusion 

Orbit Exchange is an excellent alternative for those who are unable to access Betfair in their country. 

Using Orbit, you can back and lay bets, choose your own odds, and place bet requests. You can do this both before and during games in a wide variety of sports.

There is an advantage in terms of commission as well. Orbit charges a flat 3% commission on winning bets which is much cheaper than the standard retail Betfair commision. Also, there are no premium charges if you are continuously winning. 

To make an Orbit account, you need to use a betting broker. We recommend BetInAsia as they have an excellent reputation, a wide variety of free payment methods, and also allow 0.1% cashback on all bets placed through their BLACK platform. BetInAsia accepts customers from all countries except the USA, UK, France, Sweden, Turkey, and Singapore. 

FAQs

  1. What sports can I bet on at OrbitX? 

You can bet on several sports on this platform. Some of the most popular sports for betting are Football, Cricket, Tennis, Horse Racing, Basketball, and American Football. There are a total of 30 sports to choose and bet on this platform. 

  1. Can I directly sign up on Orbit Exchange? 

No, you cannot create an account immediately. Instead, you would have to access the services of a betting agency, broker, or agent in order to get an account on Orbit Exchange. 

Also Read: How To Place Back Bet Orbit Exchange?

Also Read: Crypto-Based Wagering On The Orbit Exchange

Also Read: Who are the Best Betting Exchange sites and How to pick the Best Site?

Also Read: How to Sign in / Login into Orbit Exchange Sites?