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The 99Exch Cricket Betting Exchange is a platform where bettors can engage in peer-to-peer betting on cricket events. Unlike traditional sportsbooks with predetermined odds, 99Exch allows users to bet against each other, resulting in more competitive odds. The betting process involves back betting (betting on an event to occur) and lay betting (betting against an event). To use 99Exch, follow a simple registration process, deposit funds, and choose between back and lay bets. The mechanism is user-friendly, offering decimal odds and real-time market updates. It provides a strategic advantage by allowing users to bet on markets with worsening odds.