IS CRICKET BETTING LEGAL IN INDIA

Cricket is one of the most famous games in India. A large number of people watch and enjoy this game throughout the year. The fame of this game has led do an increase interest in cricket betting. Cricket betting is almost as old as cricket itself and cricket can be dated back to the 16th century originating in England. Each year and large sum of money is poured by people into cricket betting throughout India. Cricket betting is a very big industry and is growing exponentially each year. Although, because of the elements of secrecy around cricket betting, the net worth of the industry is not known. However according to conservative estimates by different reporting agencies net worth of cricket betting in India varies from 10,000 crore to 300,000 crores. This means that a large sum of money is circulating within this cricket betting industry and understanding it and regulating it are equally important.

The large sum of money that circulates within the cricket betting business makes it an entirely different, parallel economy in itself. But the discussion around gambling and betting in India have always been very controversial. We see that not enough people are talking about it yet. Cricket betting is not legal in India, yet it is being practiced throughout the country. According to an estimate the sport betting industry is expanding by 7% each year. It is a large industry and cricket betting almost consist of 80% of the entire sport betting industry of India.

Cricket betting is not legal because it is considered a game of chance as opposed to a game of skill. People have argued that it is not entirely a game of chance but can also be played with skill. Cricket betting can be proved as a game of skill as people closely participating sometimes closely understand analyze the matches before putting their money on any team. But nonetheless cricket betting is still illegal but is being practiced throughout the country and is growing as well.

Online cricket betting is sometimes considered legal, but it is not. The Public ending act of 1867 is still in place which makes betting and gambling illegal. the act does not state that online cricket betting is illegal which is sometimes used as a loophole to justify online cricket betting. But it does not change the fact that it is illegal in most parts of the country. However, online cricket betting sites can only be justified if they have a license to practice gambling. A handful of cricket betting sites exist online that have a proper gambling license making them legal.

Understanding which of the cricket betting sites are legal and are practicing with proper license is as significant as understanding the tips and tricks of gambling itself. If you do not understand how the game works and what are the rules and which cricket betting sites are providing you with the right services, there is a high chance that you could be scammed online. So, for protecting yourself from fraud and malpractice is online and developing an understanding of online cricket betting as well as offline cricket betting are equally important.

WHY IS CRICKET BETTING ILLEGAL IN INDIA?

There are a number of reasons why cricket betting is illegal in India. Even though a large sum of middle-class people is willing to put their money in cricket betting. It has been studied overtime that it is also the reason that most of the people of that particular social economic background going bankrupt. The debate about legalizing cricket betting has come up time and time again as even though it is illegal cricket betting is being practiced throughout the country. It has been seen that cricket betting websites are not only operating but also have a massive scale. This means that shutting the cricket betting industry down completely is not an option. But in such a scenario when cricket betting is being practiced on such a large scale the best way to proceed is to legalize it. Legalizing cricket betting might have its own consequences but if it is legalized then government can place certain regulations on cricket betting and regulate it to some extent.

Legalizing cricket betting or sports betting in India will help regulate the number of black moneys that is being laundered through it as well. But legalizing cricket betting mean that not more people will get attracted toward it as it gets offers a way to make easy money, very quickly. It is a tough decision to make but turning a blind eye to the matter will not solve anything. Starting a debate about the entire matter is of key significance before any decision is being made.

So, even though because of the existence of large number of online cricket betting sites and different sports betting sites it might be like sports betting is legal in India, but it is not true. However, the change and entire world scenario and the general public attitude and feelings towards gambling and cricket betting he might see your change

As the world is moving towards a more liberal point of view of sports betting the overall stance on cricket betting in India is also kind of changing. People are already investing a lot of money in cricket betting and are in favor of legalizing it as well. Different organization operating within India and also supporting the cause and want to make cricket betting legal. As people are becoming more receptive towards the idea cricket betting websites like bet 365 And PokerStars are coming forward and supporting the Cause.

Discover cricketbettingindia.org for best cricket betting online sites in India.

This means that in the near future we might see a change in the laws regarding sports betting and cricket betting but for now they are illegal.