Top 5 Things to Know Before Betting Online in India - 2021

Online Betting in India Guide 2021The year 2021 has an exciting cricket season in store for us. England’s tour of India, Indian Premier League, and the much awaited World T20. With betting opportunities aplenty, punters would be looking to make most of them. And the wide range of online betting sites offer a platform to bet on your favorite teams and enhance the viewing experience. Before you kick off your betting season, here are the top 5 things you must know about betting online in India

This is one of the most frequently asked questions among the bettors who are new to online betting and rightly so. Betting or gambling in India in 2021 is illegal in most parts of the country according to the Public Gambling Act of 1867. However, there is no law that makes online betting illegal.

Indian states can make their own laws regarding online gambling and some of them have explicitly made it illegal. However, for the larger part, online betting, though unregulated, isn’t considered an offence under the law.

As recent as 2018, the law commission of India worked out a framework for regulating online gambling in India. Whether it can be seen as a sign of a change in attitudes towards online betting, only time will tell. For now, except for a few states, there is no law making online betting in India illegal.

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How to choose the right betting site?

Betting Sites accepting Indian rupees 2021This is the first and most crucial step in a punter’s journey – choosing the right bookmaker. The number of online betting sites in India in 2021 is huge and everyone has a variety of things to offer. Hence, it is important for bettors to know how to select the best betting site that makes online betting a safe and enjoyable activity.

Some of the key elements to look for in a betting site –

Fully licensed and regulated

A gambling license from a legit authority, a registered company with a real address and support for responsible gambling are the characteristics of a trustworthy betting site.

Accepts Indian players and currency

The site must accept players from India for you to be able to bet with them. This is a fundamental criteria for a bookmaker to qualify in our list of top betting sites. Placing bets using Indian rupees is the most convenient way for Indian punters to bet online.

Sports book offers the desired sports events

While most of the online sportsbooks cover a range of different sports, the coverage of sporting events and league may vary. Some betting sites tend to offer more markets for football and basketball while featuring only a few betting options for cricket. Hence, remember to check whether the sportsbook offers markets for the events you are interested in.

Types of betting markets

Depending on the sport, there are different types of betting markets. For cricket betting, some of the most popular betting markets include –

  • Top Team Batsman
  • Top Team Bowler
  • Man of the match
  • 50 to be scored &100 to be scored with Yes and No options
  • Total Fours
  • Total Sixes
  • Team with highest opening partnership

Some of the top bookmakers also offer accumulator outcomes to bet on. For example, you can bet on a batsman to hit a 4 & a 6 or two different bowlers to take at least a wicket each. The betting odds in the accumulator market are usually quite impressive.

Check all the pre-match and in-play betting markets for cricket or your desired sport before making a decision to open your account with the betting site.

Online Betting markets in India 2021

Promotions and Loyalty program

There are attractive promotions all round the year. From welcome bonuses and free bets to cashback on your losses and loyalty rewards, betting sites in 2021 offer compelling reasons to join them.

Remember to read all the terms and conditions before opting in for a bonus or a free bet promotion. It is important that you know what you’re signing up for. For example, the wagering requirements for a welcome bonus varies from site to site. On some betting sites you need to wager the bonus 5 times, and on others it could be up to 12 times.

You will also find betting sites that offer a free bet every week. The loyal customers or the regular players on a site are also offered loyalty bonus which is designed specifically for them.

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What are betting odds?

Betting odds help you figure out the returns on your bet. For instance, if you place 1000 on India to win the 1st T20i against England at 1.70 betting odds, the returns on this bet will be 1700 if India wins.

Betting sites display these odds in different formats – American Odds, Fractional Odds, and Decimal Odds. While decimal odds are the most convenient and effective format of betting odds for understanding the returns, they also help in understanding the probability of a given outcome.

India to win @ 1.40 betting odds mean a greater probability of India’s win as indicated by the betting site. Whereas, if the odds were 2.40 or higher, they would indicate a much lesser probability of that outcome.

A simple way to find this out for yourself is to divide 1 by the odds and multiply the product by 100.

1.40 betting odds = (1/1.40 * 100) = 71.42%
2.40 betting odds = (1/2.40 * 100) = 41.66%

Our cricket predictions offer great insight into the game and help you assess the favourites in the match and the best odds for betting on your team to win.

How to deposit and withdraw money?

The deposit and withdraw processes on the top betting sites are easy and quick. You just need to follow a few steps depending on the payment method you choose and your money will be deposited in your account. The payment options available for withdrawal may differ from those for deposit on few sites.

Some of the widely available payment methods include –

  1. Debit/Credit cards (Visa)
  2. UPIPaytm, PhonePe, GPay
  3. Neteller
  4. Skrill
  5. ecoPayz
  6. NetBanking

Minimum deposit amounts

The minimum deposit amount also varies from site to site. It can be as low as 75 for some sites, while 500-1000 for others. Also, if you opt in for the welcome bonus, there is a specific minimum deposit requirement to qualify for the bonus.

Wagering requirements

This is the crucial part of the withdrawal process. Each betting site has its own wagering requirements before you can be able to withdraw the winnings from your account.

KYC verification

Most of the top reputed betting sites require a KYC verification of their players. After signing up with the bookmaker, you need to complete your profile and verify your identity. Without verification, you may not be able to make a withdrawal from your betting account.

Responsible Gambling

As mentioned before, support for responsible gambling is one of the characteristics of a trustworthy and reliable betting site. Online betting in 2021 is a fun and recreational activity. It can be no longer fun if you are not in control of your betting. Betting sites have features in place that help bettors to monitor and control their gambling activity.

Features such as setting a weekly/daily/monthly deposit limit to your account, an hourly alert to remind you of the time you’ve been logged in to the betting site, definite and in-definite self-exclusion are offered as part of a bookmaker’s commitment to promote responsible gambling.

An important point to remember when betting online in India is to not chase your losses. Setting a budget helps you plan your approach to betting and sticking to the plan will serve you well in the long run.

Betting on cricket and other sports can enhance the quality of experience when watching a live game. Predicting who will win an IPL game or a T20 World Cup final, or even a Test match on Day 4 can all be very exciting and fun. To keep it that way, you must gamble responsibly.

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