Indian Deposit Options
I have written a guide that explains how to use Skrill in India that is worth a read if you get stuck. Other e-wallets Indians can use include WebMoney wmtransfer. I mention these only for your own research.
For now I will move on in this article by covering the dynamics of sports betting and then conclude by touching on the betting laws of India. First let me make clear that Dafabet is a gambling company focused on Asia. Their website is one of the best for betting football and basketball. Because they have a large number of Indian clients, they offer odds on IPL cricket and some other leagues and tournaments, but do not offer cricket spot bets. The IPL is the most bet on sporting event in India with millions being bet on each game.
Online bookies support many different odds formats. No matter which you use the payouts are the same. This is done simply for the reason that betting developed independently around the world, and thus different locations use different odds formats. Decimal betting odds are the most universal format. This is the format to use if you are new to online betting and need to make a choice. Decimal odds are very easy to understand. The odds shown are how much money will be returned for each rupee staked.
Take the case of an IPL match where the odds are:. This means however much you stake on Delhi Daredevils will return 1. So if you stake Rs.
Notice that if betting Sunrisers Hyderabad you would get a big return. This is because in this match the odds makers have made them the underdog feeling they are less likely to win.
Besides match winner there are many other options for betting cricket. At Dafabet you can find the following markets on the Indian Premier League. You can also find future markets for betting on the winners of tournaments or leagues. As far as betting on individual matches, there are dozens more markets available at DafaBet. This includes the team to win the toss, top team batsman, highest opening partnership, most match sixes, team to make highest score in the first 6 overs, 1st over total runs, whether a 50 will be scored in the match and the same for a , 1st wicket method, runs at the fall of 1st wicket, most run outs and many player specific prop bets.
When it comes to football betting at Dafabet is ideal. Dafabet is known for offering the best odds on Asian handicaps. DafaBet has the most markets, and also has live-in play betting and live streams of many matches. For most other sports popular in India, DafaBet is best. This is a great site for betting tennis, field hockey, Formula 1, rugby, golf, boxing , snooker etc.
With this now covered let me touch on Indian Betting Laws. In India our gambling laws are difficult to understand, and this is sometimes true even for legal professionals.
The primary law that makes gambling a crime is the Public Gambling Act of At the player level the penalty is a small Rs. Before you panic, my personal observation is that this law is rarely enforced at the player level. The Central Lotteries Regulation Act of is an example of law confusion. This is a Central Government law that exempts state approved lotteries from punishment under the Public Gambling Act so long as the lotto is not drawn more often than once a week.
This law is ignored in 13 states that have multiple draws daily because they disagree with its validity. As you can, see this is a confusing topic. However, sports betting law is somewhat clearer.
The only state this is legal in is Sikkim. In a few Indian states there are stricter laws against it, and in all others the Public Gambling Act of applies, but is rarely ever enforced at the player level. The Public Gambling Act is nearly years old and dates back to the time of British rule. Companies such as Dafabet is legal and licensed in the countries from which they operate. They also accept INR directly for deposit.
Betfair is the largest and most used odds exchange in the world aside from being a sportsbook, it is a great addition to your horse betting portfolio.
While we recommend Racebets and Betway first, Betfair accepts Indian players and is a valid option to trade odds instead of simply betting on them. Pro bettors enjoy its InPlay capabilities. The best advice, as with any product, is to shop around and find the best deal that suits your betting needs. Even though India only has 3 good sites to bet horses online, I would tell you to have an account with every one of them.
It is also worth mentioning that more serious punters make a point of opening a number of different accounts so they can take advantage of price differentials between betting firms that, in some instances, price horses up according to their own opinions.
Another point to consider is the look and feel of the betting website. It is amazing how some styles of website suit one group of punters while others will look elsewhere. Again, it is worth taking a good look around at a range of different sites and deciding for yourself which you feel most comfortable with.
The option to watch the races live or listen live via Internet radio is also another important factor in choosing with which site to open a new account. If you want to bet in Indian rupees and not with other international currencies , then Betway is best site that will accept bets in Indian Rupees.
For some punters this is a significant incentive to bet with Betway. This is where opening multiple accounts can also be beneficial. You can bet using Indian Rupees at Betway for international horse races, and use Racebets strictly for betting on Indian tracks. Read more about why we recommend betting with Indian Rupees when possible.