Jan 28, 20219 min read

Online cricket betting: What is the market size of Online Cricket Betting

Cricket betting is one of the most popular sports betting domains being practiced within India. Cricket betting has almost gone hand in hand with cricket for the longest amount of time possible. It is not a hidden fact that a large sum of money is placed on cricket betting throughout the world for each cricket match being played. Cricket betting is being practiced in almost all the countries across the globe regardless of them being the developed countries developing countries or the underdeveloped countries. It is a well-known fact that very every cricket is being played, cricket betting is being practiced. And cricket itself is being played in every country of the world. Cricket betting and sports betting in general are so popular that some of the countries had even moved forward and legalized it. The country is very cricket betting is legal include Australia, New Zealand The United kingdoms and so on. Sports betting, cricket betting and gambling are being practiced in these countries under the states of the law and the state government recognizes them by putting up certain regulations on them.

Moving on further we have countries like India where however cricket betting is being practiced on a very large scale it is not legal. They lost against cricket betting that were once implemented when was a colony are still in place. The gambling act of India is still in place throughout the country which makes practicing of any form of sports betting, cricket betting and gambling illegal. This law has been in place ever since the independence of India and cricket betting and sports betting are illegal in India from the very beginning. The illegality of cricket betting and sports betting however have never stop the general Indian masses from participating in sports betting. The entire sports betting industry is a very huge run operating within India with all its glory. About 80% of the entire sports betting industry in India comprises of the cricket betting industry alone. This has majorly to do with the popularity of cricket within the country as well. The Indian subcontinent was a colony of the British and cricket was invented by the British themselves. They took their sport cricket to everywhere they went, and their colonies learned at within no time. So, by the time would be colonization and the partition of India The Indian masses were generally very much familiarized, but the entire concept of cricket and it was being played massively across the country. Because of decolonization the elements of any negative feelings regarding cricket among the colonies got removed and the entire cricket spirit got rejuvenated. Even when the first cricket World Cup was being played the massive chunk of ratings and viewership came from the Indian subcontinent itself which includes Pakistan and Bangladesh along with India. It is still one of the most popular sports within India Anne's being played with a lot of passion and vigor within the country. People of all ages, genders participate in it and enjoy it with all their hearts. The popularity of cricket itself has proportionately led to the popularity of cricket betting within India. The passion for cricket that exist in the hearts of the Indian people has never stopped them from participating in cricket betting despite of the fact that cricket betting is not legal in India. A very large number of cricket betting bookies alongside cricket betters exist within the country. According to an estimate by a very popular news channel about 10,000 crore rupees to 30,000 crore rupees are being betted on cricket for every match that is being played. these figures can be used to estimate the massive size of the industry of cricket betting within the country. Because of the illegality of cricket betting within India there is a lot of secrecy around how the entire industry operates, and exact facts and figures have not been made common knowledge. this kind of ambiguity puts questions on the fact that are already known regarding cricket betting but there is always a possibility that this might not be the correct figures. The Gray area regarding cricket betting makes it impossible to know the exact size of the cricket betting industry. But the matter of the fact remains that the entire industry is a very massive one and is operating on a very large scale.

Over the last few years online sports betting has emerged as another form of cricket betting but as attracted a very large amount of audience as well. More and more people over the past few years have turn towards online cricket betting. The popularity of online cricket betting among various reasons including the user friendliness, customer service and the ease of doing cricket betting is the fact that there are no clear laws against online cricket betting. This is something that has been used by the cricket betting industry operating online to justify their operations. The laws that are in place against cricket betting within India say that cricket betting is not legal, but they do not clearly state that online cricket betting is not legal. And this type of ambiguity of the law has an enabled people to practice this particular type of betting without having to worry that something bad is going to happen or some legal action is going to be taken against them. This kind of liberation that online cricket betting has to offer is attracting a lot of people, but the fact remains the same and that being cricket betting is practiced on a very large scale without the government knowing what exactly is going on.

Even though the existence of such a large-scale industry within India of cricket betting within India why is it that still cricket betting is not legal here. What is the main reason behind the implementation of years old law despite taking into consideration the current scenario? In the contemporary world there are multiple examples where countries have legalized sports betting's of all sorts including cricket betting. Then why is it that even in the modern world the people who are doing cricket betting in India are not being recognized. The matter of the fact being that the problem is not that these people are not recognized the problem is that the government is not overtly talking about them. There has been some conversation regarding that if cricket betting on sports betting should be made legal in India but East time the conversation has died down or has been opposed widely.

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. 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.

So, will is cricket betting ever get legalized in India? the simple answer to this question is that we do not know yet. As mentioned above there has been some conversation regarding it but there has not been one very definite achievement in this regard. A number of politicians in the history of India have raised and talked about it but each time have been met with a lot of opposition throughout the country. There is somewhat equal amount of opposition and support for the matter. The reason given by Both supporters and the opposers of this proposed policy recommendation have very valid reasons. The legalization of sports betting of all sorts specially cricket betting what allowed the Government of India to actually regularize it and control it in a certain fashion. This could include putting up sanctions and providing some sort of security to the people who are practicing cricket betting. A number of cases have appeared where people got very deep into cricket betting and lost all of their life savings and had to suffer deeply at the hands of the mafias operating within the sports betting industry. A number of people also turned toward it in order to make some quick amount of cash anthophyte an easy escape to their conditions. But instead, they get themselves deeper into the entire issue and end up losing money and also sometimes in debt. Legalizing sports betting on one hand is enabling the government to practice some sort of control over the entire industry but also at the other end might attract more people towards it. The government does not want to make people start gambling or start entering this world of sports betting so how is it going to legalize a behavior that it does not want to become common. This is the very tricky question that has been hanging and is the biggest hurdle in the way of legalizing sports betting of all sorts specially cricket betting. If the government is able to figure out this sweet spot In between these two extremes only then the possibility of legalizing sports betting could be raised. However, for now we cannot see if cricket betting is going to be legal in the future or not. One of the main things that can influence in such a scenario is the behavior of other countries towards sports betting. As more countries are trending towards legalizing sports betting and cricket betting there is a chance that the Government of India would also rethink its policies and might legalize it. For now, however, sports betting of all sorts including cricket betting is illegal within the country.

CONCLUSION

In conclusion there is no definite answer to the question if cricket betting should be made legal in India or not. Several different arguments can be made both in support of legalizing cricket betting in India as well as of keeping it illegal. But there is no definite objective answer of a yes or no when it comes to the question of cricket betting being legal. Therefore, it is entirely up to the person to form their opinions regarding this particular topic. You might be in favor of legalizing cricket betting are you might be against cricket betting entirely. Furthermore, amidst the dynamic changing attitudes of the entire world regarding issues like sports betting and cricket betting means that there as a possibility of anything or everything happening. living in a Democratic country we all have the opportunity to show our support or existence to any particular law or policy being made regarding anything. so, if ever the question of legalizing cricket betting and sports betting it will have the opportunity to show your support by casting your vote or raising your voice as for the demand of the hour. but for now, the clear fact is cricket betting is not legal in India and might even remain this way in the coming years.

Source: www.cricketbettingindia.org

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