One central account
BetInAsia calls its central account the BIA Portal, "the centralized broker account for managing your betting accounts". MadMarket's Portal and Wallet cover its products, Edge, Probet42 and Sharp Exchange, with one login.
Asian Betting Exchanges: Compare Which Bet Broker Opens Which Exchange
Four brokers open eight exchanges through six tools; here is who opens what.
An Asian betting exchange, as we use the term, is a betting exchange that you open through a bet broker's platform instead of a direct account. On an exchange you back and lay against other users. In our access register BetInAsia opens eight, AsianConnect two, MadMarket eight and Sportmarket seven exchanges, using BLACK, Sharp Exchange, PIWI247, OrbitX, Edge and FairExchange.
Betfair opens at all four brokers, through Sharp Exchange, PIWI247, OrbitX, Edge or FairExchange. Each broker runs one central account for all its tools, and each commission rate below is attributed to the party that published it.
The four brokers
What is a betting exchange, and what does Asian mean here?
On a betting exchange you bet against other users. Betfair says so in its own terms: customers bet with each other and Betfair "acts as a facilitator and does not act as a counterparty", with exceptions the same clause lists. The basics have a page of their own: what a betting exchange is.
A direct account is a contract with the exchange itself, while a broker route is an account on a platform the broker opens for you, so the question stops being which exchange to join and becomes which tool, at which broker, opens the market you want to trade.
That is all "Asian" means here: a route into the exchanges themselves. Our register lists eight exchanges (Kalshi and Polymarket, the prediction markets, included) and every one of them opens through at least one of the four brokers. New to brokers? Start with bet brokers explained, then compare the best bet brokers.
Why access exchanges through a betting broker?
A broker changes the shape of the account and leaves the market as it is. Four statements from the brokers' own pages explain why bettors use the route.
Entry through a broker
BetInAsia's Sharp Exchange page puts it plainly: "You will need to use a broker like BetInAsia to access Sharp, as you can't access it directly." MadMarket opens the same platform, so a broker is the way in.
Several exchanges, one betslip
BLACK at BetInAsia shows odds and limits from every connected bookmaker and exchange on one betslip. Edge, MadMarket's Mollybet-powered platform, lists Betfair, Matchbook, Betdaq and Smarkets among its exchanges.
One verification
MadMarket says its know-your-customer check, KYC, is done once for all its platforms: "One KYC fits them all."
Exchanges opened by each bet broker: central account, tools and count in our register
| Broker | Central account | Tools that open exchanges | Exchanges opened |
|---|---|---|---|
| BetInAsia | BIA Portal and BIA Wallet | BLACK and Sharp Exchange | 8 |
| AsianConnect | Unified wallet | PIWI247 and OrbitX | 2 |
| MadMarket | MadMarket Portal and Wallet | Edge and Sharp Exchange | 8 |
| Sportmarket | Main Account | FairExchange | 7 |
Which exchanges can you access via a broker?
Fine. That is the structure. The exchanges come next, and the matrix below is the whole answer in one frame: each cell names the tool a broker uses to open that exchange, and a tick means the register lists the exchange for that broker without naming a tool.
Asian betting exchange access: the tool each broker uses to open each exchange
| Betting site |  BetInAsia |
 AsianConnect |
 MadMarket |
 Sportmarket |
|---|---|---|---|---|
| Betdaq | BLACK | Not listed | Edge | Available |
| Betfair | Sharp Exchange | Piwi247 OrbitX | Sharp Exchange Edge | FairExchange |
| Kalshi | BLACK | Not listed | Edge | Not listed |
| Polymarket | BLACK | Not listed | Edge | Available |
| Matchbook | BLACK | Not listed | Edge | Available |
| Mollybet | BLACK | Not listed | Edge | Available |
| Orbit Exchange | Sharp Exchange | OrbitX | Sharp Exchange | FairExchange |
| Smarkets | BLACK | Not listed | Edge | Available |
Betfair Exchange
Betfair opens at all four brokers: through Sharp Exchange at BetInAsia and MadMarket, PIWI247 and OrbitX at AsianConnect, Edge at MadMarket and FairExchange at Sportmarket. Its terms name the contracting company by where the customer lives: Betfair International Plc, TSE Malta LP or Betfair Pty Limited.
Sharp Exchange
Sharp Exchange is the tool two of the four brokers share. BetInAsia and MadMarket both describe a back and lay exchange with in-play betting and cash out (partial and automatic cash out included), and both set the minimum stake at €10.
BetInAsia's page and help centre and MadMarket's page agree on 20 sports, among them football, basketball, tennis, baseball, cricket and horse racing, where the help centre says only back bets are possible. BetInAsia adds Trading View and One Click Betting. Our review of Sharp Exchange goes further.
Orbit Exchange and OrbitX
In the register Orbit Exchange opens through OrbitX at AsianConnect, Sharp Exchange at BetInAsia and MadMarket, and FairExchange at Sportmarket. AsianConnect marks OrbitX "Powered by Betfair". The full entry is Orbit Exchange.
FairExchange
Sportmarket presents FairExchange as its own peer-to-peer exchange and names no underlying exchange. The register lists it as Sportmarket's tool for both the Betfair and the Orbit Exchange rows. The broker behind it has its own page: exchange access via Sportmarket.
Matchbook, Betdaq and Smarkets
BetInAsia opens all three through BLACK and MadMarket through Edge; Sportmarket lists them with no named tool, and AsianConnect has no listing for them. Matchbook is run by Triplebet Limited, a private company incorporated in Alderney, and matches offers by price, then by the time they were placed. Betdaq is run by Exchange Platform Solutions Ltd, also an Alderney company, and offers Cash Out and an Exchange Starting Price on the markets that carry the matching symbol. Smarkets is run by a company registered in Malta and matches on price, then on order of receipt.
PIWI247 and Molly Exchange
AsianConnect lists Betfair under PIWI247 as well as OrbitX, and its blog writes that "PIWIX is powered by Betfair". Mollybet has its own row in the register. Separately, its own site names a Molly Exchange as its source of liquidity, and BLACK at BetInAsia and Edge at MadMarket list the Molly Exchange too. What Mollybet is and does has a page of its own: Mollybet page.
Sharp Exchange and BLACK: how to open your account via a broker
BetInAsia's Sharp Exchange page sets out four steps. BetInAsia says you cannot reach the platform directly, so the broker account comes first.
- Register. Create your BetInAsia account on the BIA Portal.
- Deposit. Fund your BIA Wallet.
- Transfer. Open a Sharp Exchange product account from the Portal and move funds into it from the wallet.
- Bet. The minimum stake on Sharp Exchange is €10.
MadMarket's route has the same four beats. Press Get Started, fill in your details, confirm your email and create a password; fund the MadMarket Wallet; use Create Account on the Products page to open the product you want; then bet from €10 on Sharp Exchange.
BLACK (BetInAsia's trading platform, powered by Mollybet) works in another way: one betslip shows odds and limits from every connected bookmaker and exchange. BetInAsia calls it "free to use", and its help centre states that BLACK "does not have a commission on bets placed via the bookmakers"; commission applies on exchange bets and is already in the price shown. You sign in to BLACK on betinasia.com, and BetInAsia says there is "no difference between the desktop and the mobile version". The full BetInAsia route is on exchange access via BetInAsia.
Verify early
At BetInAsia, KYC becomes compulsory once lifetime deposits pass €2,000 or when you request a withdrawal. Open the step early; it speeds up your first withdrawal.
Betfair through each broker
One exchange, four routes. Our guide, Betfair via a broker, compares them in full; this is the short version, read from the register and from the brokers' own words.
BetInAsia: Sharp Exchange
In the register Sharp Exchange is the tool that opens Betfair at BetInAsia. It is a back and lay exchange with partial and automatic cash out and a €10 minimum stake.
AsianConnect: PIWI247 and OrbitX
AsianConnect marks OrbitX "Powered by Betfair", and its blog writes that "PIWIX is powered by Betfair".
MadMarket: Sharp Exchange and Edge
In the register Sharp Exchange and Edge both open Betfair at MadMarket. On Edge, its Betfair page says customers "do not need to manage a separate Betfair Exchange login directly".
Sportmarket: FairExchange
Sportmarket presents FairExchange as its own peer-to-peer exchange and names no underlying exchange; the register lists it against the Betfair row.
Commissions and fees compared
Net winnings only. Betfair, Betdaq and Matchbook calculate commission on net winnings in a market, as does Smarkets at its default rate; Betfair and Betdaq state that a market ending in a net loss costs no commission; and Betfair's charges page says that for the vast majority of Exchange customers commission on net winnings is the only charge paid to Betfair.
Enough prose. Below, each rate sits next to the party that published it.
Commission as published by each exchange, and for Sharp Exchange by the brokers that offer it
| Exchange | Commission | Scope | Source |
|---|---|---|---|
| Matchbook | 2% on net profits | Customers in the United Kingdom, the Isle of Man, the Channel Isles and Ireland; enhanced special markets excluded | Matchbook terms, clause 6.4 |
| Matchbook | 4% on net profits | All other customers; enhanced special markets excluded | Matchbook terms, clause 6.4 |
| Matchbook | 2% on net profits | All customers, enhanced special markets only | Matchbook terms, clause 6.4 |
| Smarkets | 2% of net winnings in each market | Default rate, within monthly volume caps | Smarkets terms, clause 3.1 |
| Smarkets | 1% on winnings or losses per bet | Pro Tier, outside the default rate's monthly volume caps | Smarkets terms, clause 3.3 |
| Smarkets | 3% on winnings or losses per bet | Select Tier, for customers whose net profit exceeds £25,000 over the previous 12 calendar months | Smarkets terms, clause 3.5 |
| Sharp Exchange | 3% on winning bets, 0% on losing bets | As published by MadMarket | MadMarket, Sharp Exchange page |
| Sharp Exchange | "Low", on winning bets only | As described by BetInAsia | BetInAsia help centre |
MadMarket describes its Sharp Exchange commission as flat, "with no premium charges or hidden higher-rate tiers". BetInAsia's homepage uses the words "industry low commissions with no premium charges" in its exchange block, without naming Sharp Exchange there.
Betfair and Betdaq are missing from the table on purpose. Betfair's charges page sets commission by the package you choose or by a market base rate, with a discount that grows as you earn Betfair Points; Betdaq sends you to the Commission page of its Help section. Each publishes a method for working out the rate, which leaves us without a single figure to quote.
Whose rate is it?
A published rate belongs to whoever published it: the exchange for Matchbook and Smarkets, MadMarket and BetInAsia for Sharp Exchange.
Which broker for which exchange?
Counts and tools settle this one. Read the matrix by rows to find an exchange, then by columns to find the broker whose tool opens it; the lines below do that reading for you.
BetInAsia
Best for: BLACK trading, Sharp Exchange and PS3838 from one portal.
Eight exchanges. BLACK opens Betdaq, Kalshi, Polymarket, Matchbook, Mollybet and Smarkets; Sharp Exchange opens Betfair and Orbit Exchange.
AsianConnect
Best for: PS3838 and Asianodds88 on one unified wallet.
Two exchanges. PIWI247 opens Betfair; OrbitX opens Betfair and Orbit Exchange.
MadMarket
Best for: value and arbitrage bettors on Edge, Probet42 and Sharp Exchange.
Eight exchanges. Edge opens Betdaq, Betfair, Kalshi, Polymarket, Matchbook, Mollybet and Smarkets; Sharp Exchange opens Betfair and Orbit Exchange.
Sportmarket
Best for: a free-to-use broker service and Direct Bookmaker Accounts.
Seven exchanges. FairExchange opens Betfair and Orbit Exchange; Betdaq, Polymarket, Matchbook, Mollybet and Smarkets are listed with no named tool.
Where to start
Pick the exchange first, then the broker whose tool opens it. The tool column of the matrix tells you which door to knock on.
Prediction markets via a broker
Kalshi opens through BLACK at BetInAsia and Edge at MadMarket; Polymarket opens through BLACK, Edge and, with no named tool, Sportmarket. How they differ from a classic exchange is the subject of prediction markets vs betting exchanges.
Full list of betting exchanges
The matrix above holds the eight exchanges in our register. The wider catalogue, kept qualitative rather than ranked, sits in the full list of betting exchanges.
Asian betting exchange FAQ
What is an Asian betting exchange?
On this site the phrase means a betting exchange that you open through a bet broker's platform rather than a direct account. On an exchange you bet against other users. Our register lists eight exchanges, Kalshi and Polymarket among them as prediction markets.
What is Sharp Exchange?
Sharp Exchange is a back and lay betting exchange that BetInAsia and MadMarket both open. BetInAsia states that you need a broker like BetInAsia to access it, as you can't access it directly. The minimum stake is €10 at both brokers.
What is Orbit Exchange?
In the register Orbit Exchange opens through OrbitX at AsianConnect, Sharp Exchange at BetInAsia and MadMarket, and FairExchange at Sportmarket. AsianConnect marks OrbitX "Powered by Betfair".
Which exchanges does each broker open?
In the register BetInAsia opens eight, AsianConnect two, MadMarket eight and Sportmarket seven exchanges. The matrix on this page names the tool for each pairing: Sharp Exchange, BLACK, Edge, PIWI247, OrbitX or FairExchange.
Which exchanges charge commission on net winnings?
Betfair, Betdaq and Matchbook calculate commission on net winnings in a market, and so does Smarkets at its default rate. Betfair and Betdaq charge no commission on a market that ends in a net loss.
What is Molly Exchange?
Mollybet's site names a Molly Exchange as its own source of liquidity. BLACK at BetInAsia and Edge at MadMarket both list it, and our Mollybet page covers the platform and the exchange.