Sports betting is one of the most lucrative businesses in the world. More than 500 billion dollars are poured into sports betting by people worldwide, with this market growing at a 10% compounded annual growth rate. That is close to ₹500 bets by every human being on this planet.
Big money has led to the creation of more than 30,000 sports betting businesses, from online betting to gambling. More money is spent on sports betting compared to Casinos, poker, and other card-based games combined. What started with betting on jockeys during horse races in the UK has expanded to all kinds of sporting events, from professional sports to amateur and local leagues.
With a population of 1.3 billion, India has also been swept into the sports betting frenzy. I know you must be wondering, “Well, isn’t sports betting illegal in India?”
Technically, betting is prohibited in most of India, thanks to The Public Gambling Act of 1867. But there is a difference between the prohibition of betting and making it illegal. Companies exploit this loophole to expand a thriving sports betting culture in India. These companies place their servers in countries where betting is legal and provide betting services to Indian customers in INR.
If you’re excited by what you’ve read so far and would like to take a crack at betting on sporting events, these are some of the websites where you can do precisely that.
10cric – 10cric is an online sports betting which markets itself as a sports betting company explicitly designed for Indian customers. 10cric supports pre-match betting, live betting, and outright betting markets. A customer can use INR or Bitcoins to bet on sporting events. If you want to bet using INR, the minimum amount that needs to deposited to start betting are as follows:
Visa card: ₹700
It is important to note that your credit/debit card provider might charge you a nominal fee to deposit money into the 10cric betting account. If you are using an Astro pay card, the minimum withdrawal amount is ₹500. For any other mode of withdrawal, the minimum amount permitted is ₹1000.
Sportsbet.io – Sportsbet calls itself a Bitcoin sportsbook, with the platform supporting cryptocurrencies along with traditional currencies. You can bet using INR on this platform and other major currencies like USD, EURO, etc. Sportsbet allows pre-match betting, live betting, and outright betting markets on sports events and sports statistics, like highest goalscorer, top-four finishes in football. If you want to bet using INR, the minimum amount that needs to deposited to start betting are as follows:
Net banking/Credit cards/Debit cards/PayTM/UPI: ₹1500
There are similar rules applied for minimum withdrawal amount of money, based on the mode of withdrawal:
Net banking: ₹2000
Bank transfer: ₹2000
ComeOn – ComeOn is an Indian online sports betting company that provides good T&C for money deposits. ComeOn does not charge you any amount to deposit money into their wallet and has excellent payment options. You can bet using INR and can bet on pre-match betting, live betting, and outright betting markets. The minimum amount that needs to deposited to start betting is as follows
Net banking/UPI: ₹520
Rupay card/MasterCard/Visa Debit/Jeton wallet: ₹870
When you deposit money into your ComeOn for the first time, you get a 100% bonus upto ₹2500, which is an incredible deal.
Apart from the above three, here is a list of other popular Sports betting companies from across the world, which are available for Indian customers, supporting INR deposits: