Online gambling is regulated differently in different countries. On this occasion, we would like to focus on bookmakers, compiling a list of top cricket betting sites in India to find out the most interesting ones:
- 1XBET
- 22Bet
- Betfair
- Bet365
- Betway
In this article, we will tell you about bookmakers in India and how residents of this Asian country can place bets.
Do you want to know where to bet, how to bet and if it’s legal?
Stay tuned, because we’ll tell you everything about betting in India:
- Betting rules in India
- The best bookmakers for betting in India
- Safe betting in India
- Everything related to betting taxes
- The best ways to deposit and withdraw money in India
Table of Contents
1XBET
We will discuss this later, but since there is no special regulation of bookmaking in India, there are no bookmakers.
All of the bookmakers we will recommend are foreign, international bookmakers.
One of the best, and the one we think is the best for betting in India, is 1XBET.
In addition, if you register you will get a 100% bonus on your first deposit of up to INR 10,000.
Regulation of online gambling in India
There is no regulation of online gambling in India. There is no regulation of online gambling in general.
This means that neither bookmakers, online casinos, nor poker rooms are legal in India.
But that does not mean that they are not illegal either.
They are in a situation of legality, fully allowed by the government, so the first thing to say is that you can gamble in the eastern country without any problem.
And why hasn’t any government done anything about online gambling in particular and online gambling in general so far?
Because, as in other countries, it is not a major concern of the government at the moment, although truth be told, that may change in the coming years.
You don’t have to be a cricket fan to know that India is a cricket powerhouse with a population of about 1.5 billion people.
India is a country where cricket is a religion
And this leads us to believe that this is a country where betting on cricket is quite widespread.
In the absence of regulation, bookmakers can operate without problems, but their position in people’s lives is complicated.
They don’t run major advertising campaigns, and bettors may not be aware of the huge market available to them.
Being a big country, bookmakers put all their eggs in one basket, as profits can be small.
That is, they accept Indian players, the vast majority, but they do not make special offers for this market and usually do not have the Indian rupee as one of their currencies.
So players must bet in U.S. dollars, euros, or whatever currency they choose.
They can deposit in Indian rupees, but the bookmaker will make the exchange after the money is deposited.
In general, it can be said that in India:
- Gambling is allowed by law.
- Most of them accept players from India.
- They have no special offers for India
- The vast majority of them do not have the Indian rupee as a betting currency.
The safest bookmakers in India
With all this in mind, we are going to point out which bookmakers we think are the safest for betting in India. The suggestion is incredible since there are no barriers for all of them to operate here. This is certainly a good thing, as the user will eventually find what is perfect for them, but it is also important to know which ones are the best and safest.
How to know if an online bookmaker is safe
We already mentioned in this article that India does not have any regulation in this regard, and therefore it does not license bookmakers operating online in its territory.
This means that there is no state seal indicating which bookmaker is legal and safe and which is not.
As for legality, it should be said that no bookmaker is legal and no bookmaker is illegal.
So there is no need to worry about that.
What we worry about is which bookmaker is safe and which is not, because we are going to invest our money in them, and so we are comfortable knowing where we are going to do it.
Well, our first piece of advice is to bet on one of the bookmakers we are considering, as they are all 100% safe and reliable.
But if you want to determine for yourself the bookmakers in which you are going to play, you only need to pay attention to this:
- What is well known: We have already said that there is not much advertising in the traditional media for online betting in India. But anyone interested in betting knows which bookmakers are the most popular. All of these popular bookmakers as Mel Bet are 100% reliable. They don’t get as many users around the world and they don’t get as much publicity by being scammers. This is undeniable proof that they are good bookmakers.
- That they have a reliable license: All of them should have been licensed. But which ones are reliable? Well, they are all from Europe, including Malta and Gibraltar, which are the most popular, and Curacao. These licenses offer a guarantee of reliability.
Always check the bookmaker’s license and quality seals
- Reliable Quality Seals: At this point, it should be said that there are many quality seals, so it is difficult to specify which ones are reliable. However, they should all have a link to their website where they explain how they work, and if you want, you can research information about them online. It is quick and easy to find out which ones are reliable
- Good customer service: Obviously, having direct and fast customer service allows you to trust them a lot more. For this reason, we recommend choosing bookmakers with Live Chat, which is the best way to communicate with the bookmaker. This way, any doubt or problem can be quickly resolved.
- Clearly state their terms and conditions: Every online bookmaker, as any site that lives off its users, should have a clear and simple section with the terms and conditions. If they don’t, you should be wary right away.
What to keep in mind when betting
The main difference between betting in India compared to other countries where it is regulated or is a much larger market is in the currency and specific offerings.
Usually, bookmakers do not allow betting in Indian rupee, although they do accept deposits in this currency.
After that, the bookmaker makes the exchange directly.
So we wanted to give some tips to our friends from India that they could use when betting:
Tips to keep in mind
- Try to deposit in US dollars or euros: since you can’t bet in Indian rupees, it’s best to deposit directly in the currency in which you choose to bet. This way, the exchange rate will be chosen by us. For online betting or shopping, it is always advisable to have an account with a payment method in U.S. dollars or euros.
- Check the welcome bonus: since there are no special offers for the market in India, it is always advisable to read the fine print to make sure that the offer is also available in India. There may be surprises. And, of course, confirm the currency used in the offer.
- Have a certain bankroll: When betting in a currency other than the one you are used to, it is much more important to have a certain bankroll, that is to have a certain amount of money for betting that cannot be changed for a certain period. Betting in foreign currencies can be confusing, and having a controlling bankroll will help with that.
- Use a payment method you are familiar with: It is always a good idea to use the payment method you are used to paying online. If this method is popular, you won’t have a problem using it with different bookmakers. The main bookmakers offer many payment methods
- If you have questions about this, it is best to ask them in Live Chat: that is what they are for. Don’t be afraid to ask questions, as many bookmakers don’t specify anything about India, so it’s always best to ask before you do something you’re in doubt about.
Taxation in India
Since Internet gambling is not regulated and therefore not legalized, it cannot be taxed either. For this reason, there is no need to declare either winnings or losses. This situation will change when the market is regulated.
The best ways to pay in India
- VISA or MasterCard: This form of payment is very popular all over the world, as almost all businesses accept it, both online and in person. The vast majority of online bookmakers accept it. However, when depositing or paying online, it is recommended to use a card with double authentication – a service that sends the user an SMS with a code before payment. It is much more secure
- UPI: the online payment method. It allows you to have an account in the currency of your choice, so it’s perfect for Indian rupees. It is a safe and fast payment method.
- Neteller: One of the most popular e-wallets in the world. It’s fast, safe, and secure and lets you make deposits and withdrawals in any currency. Without a doubt, one of our favourites.
- Skrill: just like UPI, this is a very popular e-wallet accepted by most betting shops. Same terms and conditions as UPI. In other words, it is ideal for betting from India.
- Prepaid card: There are many types of cards, but the best in our opinion is the Paysafecard. You can buy it in physical or online stores. It is the safest way to pay. It has only one problem – it only allows you to deposit, but not to withdraw money.
- Bank transfers: it depends on the specific bank. Some banks don’t allow it and others that do. It is very safe, but we do not recommend it. You can’t change currencies, and it doesn’t happen instantly. It takes time for the money to reach the bookmaker when you deposit and to us when you withdraw.
FAQs
Is it safe to gamble online from India?
Although online gambling is not regulated, as an Indian resident user you can gamble normally with any of the foreign gambling operators. Therefore, you should not have any legal problems in connection with this.
How to deposit and withdraw money?
One of the main drawbacks of the fact that India does not currently have a regulated gambling market is that foreign operators do not have special licenses and have not adapted their currency or payment facilities to the peculiarities of India.
Which bookmakers do we recommend for betting in India?
Indeed, most foreign betting operators welcome users from India to register on their sites. And one of the recommended bookmakers, as usual, is 1xBet Bangladesh, which offers a large number of markets, event broadcasting services, live betting and very interesting promotions, such as a welcome bonus of up to INR 10,000.
Conclusion
In short, although gambling has not yet become a mass phenomenon as in other neighbouring countries, more and more people are taking up the challenge.
The lack of regulation has slowed its growth, because legal certainty is important for any business, and even more so for a business based on trust.
But the fact that it’s known that it’s not illegal, that you can gamble without a problem, with safety and security, is also an important element. So if you live in India and you want to bet, don’t hesitate.
Of course, always follow our advice and recommendations both when choosing a bookmaker and when betting. Then you won’t have any problems at all.
