Betting in India is probably as old as the civilization of India. The history of gambling in India is dated back to Kautilya’s era when the gambling was protected by state and a tax of 5% charged over winning. After that, gambling takes place on different sports in India including animal’s racing and fighting and became the part of Indian traditions. Even today, these sports are happening in different parts of India with different style so thus the betting. Today betting habits in India change from these old local sports to the international type of sports including cricket.
The betting in India is completely banned and is considered illegal by the government authorities. But people in India are doing these activities continuously irrespective of its illegality. The best way of avoiding action by the relevant authorities is the use of the online cricket betting websites that provide a safe way of betting.
How popular is betting on cricket in India?
Cricket is the second most popular sport in the world, but in India, it is the most popular sport. This would not be wrong to say that the betting is equally popular as is the cricket itself. When India plays a high voltage match with other teams like Pakistan or Australia, the stake of the people in India are very high and this is the prime time when the business of gambling thrive. The magnitude of the popularity of betting on cricket can be understood by the statistics provided by the Betting Adda-UK based betting website which claims it gets some 5000 new registrations and 500000 visitors from India every month.
Reasons for cricket betting popularity in India:
Engaging in any type of support activity be it physical or mentally is the most enjoyable time for most of the people. Most of the people in India spend their weekends playing cricket or watching cricket. The addition of cricket betting allowed people to enjoy this support in a different way. The introduction of online cricket betting makes the betting process really easy and popular as well. Other reasons besides the online betting behind the popularity of cricket betting include the opportunity to earn the money fast, to support their favorite team and to enjoy the spare time.
1. A tricky yet easy way to earn the money:
A study shows that most of the people that bet belong to the poor class. The reason behind the popularity of cricket betting is probably the thinking of people to earn some easy money. Earning money through betting is an easy but tricky way and sometimes result are not according to the wishes of the bettors. The popularity of cricket betting can be gauged by a report published in the Hindustan Times that estimate the revenue earned by the betting in one ODI match to clog at $200 according to Doha-based International Centre for Sports Security. A typical series of 5 ODI’s can earn the revenue to the tune of $1Bn to the illegal bettors. This is not a small amount and cannot be ignored by the bettors to earn some fast and easy money.
2. To support the favorite team:
It is rightly said that India is a cricket crazy country, from a 5-year-old child to an old man everyone in India is a cricket lover. Whenever a high voltage match played between India and other teams some 400 million people from India watches the match, this is 1/3 of the total population. These numbers are just staggering so is the passion of betting in them. To support the favorite team either in the world cup or the IPL tournament people fined betting especially online betting the best way to support their favorite team. Looking at the passion of cricket, one can say the for sure that the business of betting is only going to increase in the coming year.
3. The attractive market of gambling:
The business of betting is huge and every bettor wants to take a pie from this huge market. The total market size of gambling is mind-blowing and is worth $150 Billion. This amount is huge by any means and attracts a lot of people towards betting in India. While the revenue earned by the bettors alone clogged at $130.340 million this year alone. This presents an attractive picture of the betting process in India that can attract more people toward itself. The following graph shows the revenue earned by the bettors from the year 2008 to 2018.
(Data were taken From the Statista.com)
4. Easy to understand:
Understanding the game of betting is not rocket science. It is easy and self-learning process, you place the first bet and the result is either you lose or win. If you win the bet, you would like to bet more and if you fail to win the bet you would like to win it next time with better concentration. There is a load of data available online that can help to place the better bet and everyone can learn that easily. The best part regarding betting is the experience and not the luck to earn your bet, more you have experience better you the chances to win the bet. The popularity of cricket betting in India is skyrocket due to an easy understanding of the betting process as everyone understands the essence of cricket.
5. A good way to spend leisure time:
This is an amazing fact that many people participate in betting to spend the extra time in enjoyable fashion. Many people participate in betting due to their deep habit to do so. The betting fever is at the peak when a high voltage cricket match being played on the weekend when most of the people have a lot of spare time. So why one should not earn some easy money and kill the extra time simultaneously?
6. The rise online platforms of betting:
The online platforms of betting make the process of betting very easy. The betting is illegal in India in all its means but online betting is a safe way for bettors. This makes the betting process very easy and in access of every other person. As the coverage of mobile network will increase to the popularity of online betting.
As you see, though betting is illegal in India, people still participate in online cricket betting from India through some convenient sportsbooks. This is one of the main reason for the popularity of gambling in India. However, from our point of view, making some quick money is the main reason for this.