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Development of Online Betting In India

14-01-2019

From the time before history can even account, gambling is an activity that has been widely prevalent in India. From dice gambling and board gambling to chess, many forms have been existent in the olden days. Evolving from dice gambling and animal gambling, Indians gradually started to bet on horse races which caught the country`s wagers by storm.

Since then, the norm has been intact. Even though Europe is given significant credit for playing card and dice games, it is known that they used Indian symbols in their games. This shows that Indians have played a significant role in providing the necessary boost to gambling.

European Influence on the Indian Gambling Scenario

When the British brought cricket to India, the game took to the interest of every gambler. And just as betting in India was starting to catch on, the British brought horse racing into the scenario.

When the gambling situation in India became out of control, laws were introduced. Even though gambling is considered illegal in India, the ambiguity in laws exists. The reason why a significant portion of the population is involved in the activity is the absence of clarity in betting and gambling laws.

The Legal Situation of Online Betting In India

Public Gambling Act of 1867 makes the operation of a gambling house illegal. However, there is nothing mentioned in the constitution specifically about online gambling. Taking advantage of the fact, online betting companies have had lots of success in India, due to an increasing number of Indian players.

Online Betting In India Current Scenario

Three major legal ways in which online betting operates in India include Rummy, horse racing, and lottery. Earlier Indians had to resort to underground gambling methods, but now, with the development of online betting, the players can turn to betting sites outside of India which are licensed and regulated in a different country than India. Players can also make their deposits and withdrawals in Indian Rupees.

Cricket Betting

Cricket is a sport treated no less than a religion in India. It is no wonder that cricket is one of the most widely spread betting sport in the country. Despite not being the national sport in the nation, cricket is undoubtedly the most popular one. It won`t be an understatement to say that a majority of Indians worship the game.

In the case where rivals date back to an ancient time, the craze for cricket betting skyrockets. When international tournaments are going on, the excitement can be seen among Indian viewers as well as online cricket bettors. Both national and International players also wager a large amount of money on the IPL.

But the situation of online cricket betting in India is still somewhat critical. Most wagers have to turn to foreign websites to protect themselves from any legal action against them or prosecution. When the location of the servers is offshore such as in countries where betting and gambling are legal, it is not possible to catch the gamblers. Moreover, no law specifically pertains to online gambling. Hopefully, the situation of gambling becomes more transparent in the coming years.




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