Early in 2011, a law in India was passed that made it illegal to bet on sports and other internet gambling activities. This for all practical reasons, only made it harder for residents in India to place bets online, as the government only holds the ISPs responsible for blocking the offshore betting sites. However about 40% of internet users in India has admitted to visiting a gambling site online. There are very few, if none at all, cases where people have been arrested or fined for gambling online in India. States like Sikkim and Goa already have licenses to allow gambling and many more states are following suit. Soon when the government realizes the extent of the revenue they are missing out on, they will probably remove this law altogether. You can read more about gambling in India over at wikipedia.
I must warn my readers that you do this at your own risk. I will only provide information as to how you can deposit money and bet on cricket online. I will not guarantee that you risk nothing. If you understand this, please read on to find tips on how you can deposit and bet online in India.
Most online betting sites allow customers from India to deposit and bet at their website, but many of these sites don’t specifically cater to the Indian population. They don’t always offer the sports that is popular in India or allow you to use your favored currency, which all makes it very difficult for players from India to bet under comfortable circumstances. However, there are a few bookmakers out there that caters to Indian bettors specifically.
We would recommend using Bet365 as your bookmaker. Here you can deposit, bet and withdraw using Indian Rupee (INR) and also get bonuses from them. This saves you from having to pay expensive exchange fees if you were to deposit using USD or other currencies.
Other bookmakers we would recommend for players from India includes William Hill. These are also very friendly to the market in India and offer lots of betting options on for example cricket, but they don’t serve the INR currency, so you must use GBP here. Read the reviews for these sites if you go to our cricket betting sites page.
When you want to open an account to be able to bet online, you need to fund this before you can start betting. Online sportsbooks does not allow betting using credit, so you have to pay them money before you can start betting. Since it officially is illegal to bet online if you live in certain parts of India, there are some of the major and most used funding methods that you cannot use. Credit cards and bank transfers are for the most part out of the question, but there are still several methods to use that will make sure you can be betting on cricket online in no time!
Your best bet, and what we recommend here, is to open an account at NETeller. This is like an online bank, where you can deposit and withdraw money as you please and everything is done online. Depositing at NETeller is not prohibited in India and will be legal, while depositing directly to a sportsbook is not. Using NETeller is a breeze and depositing is usually done instantly.
There are other options you can try if you prefer not to use NETeller. Others include Moneybookers and ENTROPAY, but we don’t have much experience with these methods and will not recommend them further. If you want to use them, you can research the topic yourself. If you want to signup to NETeller, click here.
Withdrawing using NETeller is very easy. You cannot use the debit cards that they offer to most countries, however withdrawing back to your own bank account is very easy, and it only takes a few days to get your winnings. If you should have any problems with this, live chat is very helpful in getting your transfers through and making sure everything goes as smoothly as possible.