What the terms leave out
A commission rate, payment methods, withdrawal times and the full country list.
Orbit Exchange: Read the Terms and See Which Four Brokers List It
The betting exchange at orbitxch.com, read from its own terms.
Orbit Exchange is the back and lay betting exchange at orbitxch.com. Our register lists it at all four brokers, each through the tool it names: Sharp Exchange at BetInAsia, OrbitX at AsianConnect, Sharp Exchange at MadMarket and FairExchange at Sportmarket.
Its terms name Eight Central Limited N.V. as the operator and describe a commission on net winnings in an Exchange market, with no rate published. They also set a €500 minimum deposit, a €1,000 minimum withdrawal and a €100,000 withdrawal limit per 24 hours.
The four brokers that list Orbit Exchange
Orbit Exchange at a glance
Orbit Exchange at a glance, according to its terms
| Item | What the terms say | Clause |
|---|---|---|
| Operator | Eight Central Limited N.V., incorporated under the laws of Curacao | Definition of "Us" |
| Regulation | Regulated by Curacao E-Gaming, under a licence issued in 2017 | 1.1 |
| Commission | Charged on net winnings in an Exchange market; no rate stated | 14.1 |
| Minimum deposit | €500, or the equivalent in the account currency | 5.5 |
| Minimum withdrawal | €1,000, or the equivalent in the account currency | 6.10 |
| Maximum withdrawal | €100,000, cumulative over 24 hours | 6.10 |
| Country named | United States of America | 5.11 |
What Orbit Exchange is
Orbit Exchange is the betting exchange at orbitxch.com. Its rules speak of backers and layers, of matched and unmatched bets and of a traded price.
Its terms name Eight Central Limited N.V. as the operator: a company incorporated under the laws of Curacao, registration number 142943, with its registered office at Korporaalweg 10, Curacao. Clause 1.1 adds "We are regulated by Curacao E-Gaming" and says the services run under a licence issued in 2017. Clause 1.2 puts the site under "the jurisdiction of Curacao", and clause 33.9 gives its courts exclusive jurisdiction.
On the broker side, AsianConnect presents OrbitX as "A betting exchange platform" where you can back and lay, in an interface accessible in multiple languages.
How the four brokers list Orbit Exchange
Our register has one row for Orbit Exchange and one tool per broker.
Orbit Exchange via brokers: the tool that opens it at each of the four brokers
| Betting site |  BetInAsia |
 AsianConnect |
 MadMarket |
 Sportmarket |
|---|---|---|---|---|
| Orbit Exchange | Sharp Exchange | OrbitX | Sharp Exchange | FairExchange |
- BetInAsia opens Orbit Exchange through Sharp Exchange.
- AsianConnect opens it through OrbitX; see OrbitX via AsianConnect. AsianConnect describes OrbitX as powered by Betfair and lists football, tennis, cricket, horse racing, American football and basketball for it.
- MadMarket opens it through Sharp Exchange as well.
- Sportmarket opens it through FairExchange.
Betfair has its own row in the register, and Betfair via broker shows the doors to it. all betting exchanges via brokers covers every other betting site.
Orbit Exchange commission and charges
The terms say it in a sentence: "For the vast majority of Orbit Exchange customers, the only charges paid to Us will be Commission on net winnings in an Exchange market" (clause 14.1).
Fine. That is the structure. The number is another matter. The terms do not state a rate, and clause 14.1 points to the rate set out when your account is opened or notified to you from time to time.
Clause 14.2 adds Premium Charges: "A small number of customers who, in the long-term, generate very little commission compared to the amount they win may incur Premium Charges." The customer concerned is told in advance, and the terms give no rate or threshold.
The other charges in writing:
- Rounding. Gains, losses and commissions are rounded to two decimals at each settlement: in the rules' euro examples, 3.333 becomes 3.33 and 3.335 becomes 3.34.
- Small withdrawals. A withdrawal below the minimum can be processed for a fee of 1% of the amount or €10, whichever is greater (clause 6.11).
- Currency. A payment in a currency other than the account's is converted at the site's rate, and a fee "as specified from time to time on the Site" can apply. The terms give no amount (clauses 5.3 and 5.4).
- Opening and balances. No setup charge, and balances earn no interest (clauses 5.4 and 6.18).
Deposits and withdrawals in the terms
Numbers now, all of them from the terms and none from us.
The minimum deposit is €500, or the equivalent in the account currency, and the same clause says it "may be increased by direct request to the customer service team, at Our absolute discretion" (clause 5.5). A bet needs cleared funds first (clause 6.2). Five days, for bank transfers and e-wallets: "it may take up to five (5) days for such deposit to reach Your Account" (clause 6.12). The account name has to match the name on the payment method (clause 5.16).
The minimum withdrawal is €1,000, or the equivalent in the account currency, and the maximum is €100,000 cumulative over 24 hours, with larger requests going to customer service at its absolute discretion (clause 6.10). Money goes back "to You and via the same method and in the same currency as deposits" (clause 6.9).
Whose numbers these are
These amounts come from Orbit Exchange's own terms; your broker's page covers what it asks for.
Account and betting terms
Six clauses, as written and without a reading from us.
- Clause 10.3. Unless the terms state otherwise, "no Bet can be cancelled once confirmed by Us", and the operator reserves the right to refuse any bet.
- Clauses 12.1(b) and 12.3. Bet limits are "the minimum and maximum amount of any Bet as set by Us", and the part of a bet above a limit is ignored and cancelled.
- Clause 12.6. Identical bets from different players, and bets placed in collusion or as a syndicate, can be rejected or cancelled, and payment can be refused. "You must make Bets as an individual."
- Clause 2.1. The service is "for Your personal entertainment", and "You will not use the Gaming Platform to conduct a commercial business or as a way of making a living".
- Clause 5.19. An account with no bet for 365 consecutive days becomes an Inactive Account, and its balance is forfeited.
- Clauses 5.20 to 5.22. The operator can suspend or close an account on 30 days' notice without giving a reason, on 5 days' notice for a breach of the terms, or immediately at its absolute discretion.
Exchange rules in short
The rules rank in three layers: the Market Information shown on each market wins over the rules by sport, and those win over the general rules.
Orbit Exchange publishes rules under 22 headings: American Football, Athletics, Australian Rules Football, Baseball, Basketball, Boxing and Mixed Martial Arts, Cricket, Cycling, Darts, Financial markets, Golf, Greyhound racing, Horseracing, Ice Hockey, Motor sport, Rowing, Rugby Union and Rugby League, Snooker and Pool, Soccer, Swimming, Tennis and Winter sports. These are settlement rules, not a list of the markets that are open. Financial markets are one of the 22 and, incidentally, they settle on Bloomberg prices for indices, equities and currencies and on HBOS figures for house prices.
Settlement and dead heats
Markets settle on the official result of the governing body, "regardless of any subsequent disqualification or amendment to the result", unless a communication error is corrected within 24 hours of the first settlement. In a dead heat the stake is reduced in proportion (stake times expected winners, divided by actual winners), and winnings are paid on the reduced stake.
Abandoned and postponed events
If neither the sport rules nor the Market Information say otherwise, an event not completed within three days after its scheduled completion date has all its bets voided, except on markets "unconditionally determined". A tournament not completed within those three days is settled on the governing body's official decision if it comes within 90 days of the scheduled end, and voided if not.
In-play bets and horse racing non-runners
Unmatched bets are cancelled when a market goes in-play unless you chose "At In-Play: Keep", and "customers are responsible for managing their in-play bets at all times".
On same-day horse racing markets each horse carries a reduction factor, a percentage set when the market opens from a forecast price. When a horse is a non-runner, bets matched on it are cancelled. In a win market a factor of 2.5% or more cuts the matched odds on the other horses by that factor and cancels their unmatched lay offers; below 2.5% no reduction applies. In a place market every factor applies, even under 2.5%, and unmatched lay offers are cancelled only from 4.0%.
Countries named by Orbit Exchange
One country is named. Clause 5.11 reads: "We do not accept Bets originating from any of the jurisdictions listed on the Site from time to time, including the United States of America." The terms do not reproduce the rest of that list.
Clauses 5.10 and 18.1 add a different test: you warrant that you are not a citizen of a jurisdiction that prohibits its citizens from online betting, "regardless of the citizen's location". The clauses name no country. Brokers apply their own country lists too: see BetInAsia restricted countries and Sportmarket restricted countries.
Orbit Exchange verdict
The terms of Orbit Exchange are specific where numbers matter: €500 in, €1,000 as the smallest withdrawal, €100,000 per 24 hours at most. The commission rate and the full country list are the two figures they do not print.
All four brokers carry the betting site in our register, so choose by what sits beside it: BLACK and PS3838 at BetInAsia; PS3838 and PIWI247 at AsianConnect; Edge and Probet42 at MadMarket; the Betting Platform at Sportmarket. New to brokers? Read bet brokers explained or compare the best bet brokers.
Where to start
Pick the broker whose other products you want, then use the tool the register names for Orbit Exchange.
Orbit Exchange FAQ
What is Orbit Exchange?
Orbit Exchange is the betting exchange at orbitxch.com. Its terms name Eight Central Limited N.V. as the operator and describe a commission on net winnings in an Exchange market.
Which brokers list Orbit Exchange?
All four. In our register BetInAsia opens it through Sharp Exchange, AsianConnect through OrbitX, MadMarket through Sharp Exchange and Sportmarket through FairExchange.
Does Orbit Exchange publish a commission rate?
No. The terms say commission is charged on net winnings in an Exchange market, at the rate set out when the account is opened or notified from time to time.
What is the minimum deposit in Orbit Exchange's terms?
The minimum deposit is €500, or the equivalent in the account currency (clause 5.5). The same clause allows an increase on direct request to the customer service team, at the operator's absolute discretion.
Which countries does Orbit Exchange name?
One: the United States of America (clause 5.11). Other jurisdictions are listed on the site from time to time. Clauses 5.10 and 18.1 add a test of citizenship, with no country named.
What happens to an inactive Orbit Exchange account?
An account with no bet for 365 consecutive days becomes an Inactive Account, and its balance is forfeited (clause 5.19).