How has the cricket betting industry evolved in India?

Cricket is the most popular sport in India and often cricket is considered as a religion and the cricketers playing the sport as Gods. Over the years, cricket has attracted a lot of people in India and whenever there is a cricket match in which the Indian team is playing, the stadiums are full to the capacity and the spectators watching from their homes are glued to the screen. However, at present, cricket is not just restricted to playing and watching. There is another dimension added to the sport and that is online betting.

 

Fans will be allowed at stadium to watch WBBL 2021. PC: https://www.hobarthurricanes.com.au/
Fans enjoying a game of cricket at the stadium. PC: Getty Images

 

While many confuse cricket betting with gambling, it is not the reality. The Indian law differentiates sports betting from other forms of gambling as there is an element of skill in the former, while latter is subject to just pure chance.

Despite cricket betting being illegal in India for the most part, there is not a particular law that prohibits Indian citizens from doing so. However, there is a bit of a catch here. In India, one can place cricket bets online but not offline. Online betting is legal in India. There are no federal laws against online betting in India. Each state may decide if they want to impose laws on online betting. And so far, only a few states in India have made laws against online betting.

In recent times, cricket betting sites has received an impetus as many people are resorting to it. There is a wide array of Fantasy apps or Fantasy sites for cricket betting that are coming up thick and fast. These sites are curated to cater the Indian customers. Most of these cricket betting sites are user-friendly, with convenient payment options and fast withdrawal facilities. 

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To make it more attractive for the customers, some of these betting platforms offer an alluring welcome bonus and regular promotions to its loyal customer base. To ensure trust and transparency, there is a 24/7 customer support service offered by these cricket betting sites. They also offer betting on live matches, which makes the betting process more exciting. Cricket betting can be a lot of fun, but one has to keep a check on self to not get addicted. In a nutshell, online cricket betting, if regularized, can put a full stop on offline betting and the menaces associated with it.

While it is understood that cricket betting through Fantasy apps can be a good source of entertainment for the fans it is important to not to confuse it with the conventional betting apps. The basic difference between the two is that the Fantasy apps allow competition between multiple players while a conventional betting app is a platform where there is a competition between the player (better) and the bookmaker (sports betting). Before one thinks of cricket betting, it is essential to understand this difference and then dive into the vast ocean of betting.

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