|NOTE: Yes you can bet on Online Betting Sites even if you are from India, the condition is that Betting Site should not be from India.
Early in 2011, a law in India was passed that made it illegal to bet on sports and other internet gambling activities in India. 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. There are very few, if none at all, cases where people have been arrested or fined for gambling online in India. However, I must warn people that you do this at your own risk, I will only provide information as to how to deposit money and bet at online sites, I will not guarantee that you risk nothing. With that said, here are some tips to be able to deposit and bet online in India.
Online Betting Sites for Indian
Now, most betting sites allow bettors from India to deposit and play, most of the sites don't specifically cater to them. They don't offer the sports you want or you 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 India specifically. We recommend depositing at Bet365. Here you can deposit, bet and withdraw with 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 BetFair, BetFred, Bodog and Ladbrokes. These are also very friendly to the market in India, 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 where to bet on cricket page.
How to withdraw
Your best bet (and what we here recommend) 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 still, 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.
It is free to signup at Neteller.com, just click this link and follow the Instructions.
When Betting will be Legal in India?
On an average 26.8 Crore INR or $60 Billion US dollars are bet on every year in India in which the most of that foes to cricket, with scrupulous bookies. Match fixing is another major problem in India’s IPL. Much of the money collected by these shady bookies have been said to fund terrorism and corruption. Therefore the CEO of the IPL (Indian Premier League) has been outspoken on clearly saying sports betting on cricket to become 100% legal. CEO of IPL and the IPL believe allowing online bookmakers from the United Kingdom would solve the match fixing. Many of these UK Bookmakers are anxiously waiting for the opportunity to partner with an Indian operation to begin sportsbetting in India.