Frequently Asked Questions
Usually, while getting into a new field, a person has a lot of questions. This is the case with cricket betting. It is difficult for a customer to understand many aspects in the beginning, but with experience, everything becomes quite simple. In order to make betting at first not difficult for Indian players, we have prepared this page with answers to frequently asked questions.
Is Online Cricket Betting Legal in India?
Yes, it is legal. According to the Indian Gambling Act, it is illegal to place bets at land-based outlets. The loophole here is that the law does not say anything about online betting, so there is no ban on it. As a result, one can engage in online cricket betting without fear.
What Is a Licence?
A licence is a guarantee to the player that the betting site is trusted. This means that the bookmaker has been checked for fraud by a third-party company. Usually, a licence works in a certain number of countries. If the company’s licence does not cover India, there is nothing wrong with that. The only disadvantage is that in case of disputes, it is not certain that they will be resolved in favour of the client of the company.
Does Successful Cricket Betting Depend on Experience or Luck?
In fact, everything depends on the player’s understanding of the team’s strengths. It is necessary to be constantly engaged in analytics, research the results of past matches of the teams and try betting strategies. We believe that betting is based on skill, not luck, just skill comes with experience.
Which Bookmaker Should I Choose for Cricket Betting?
It is now allowed to register 1 account with each bookmaker in the Indian betting market. A player can choose as many companies as he wants. We advise you to choose a site from those that are present in our reviews. They are trusted and have licences, and this is a guarantee of quality and honesty of the bookmaker towards its customers.
Are There Any Taxes That Affect Winnings From Betting?
Under Indian tax laws, the tax rate on betting is 31.2%. The terms are set out in 115BB of the current Indian Income Tax Act. When filing tax returns, players must include betting income in their tax returns.
How to Select the Best Cricket Betting Site in India?
This is what we do and we have a whole system of criteria according to which we select bookmakers. The availability of licenses, range of betting disciplines, quality of bonuses, convenience in payments for Indian bettors and a bunch of other aspects are important for us.
Why Are Odds Different on Betting Sites?
This is done by highly qualified specialists. They evaluate the probabilities of outcomes and assign each outcome a coefficient. That is why you should study several betting sites and only then use one of them. In the long run, you can lose up to 15% of your profits due to different odds.
Why Do Betting Sites Ask for User Verification?
The thing is that the bookmaker needs to make sure that the age of the player is over 18 years old and that he is allowed to bet on cricket or other disciplines. In addition, this way companies prevent money laundering activities. In addition, verification is a guarantee that no other third party will be able to use the player’s money.
What Promotions Do Indian Betting Sites Offer?
Usually, the most favourable is the first deposit bonus. It allows you to increase the amount of your first deposit by 2 times or even more. In addition, there are other deposit bonuses, free bets, bet insurance, bet redemption, cashback on bets, bet accumulator boosters and other unique offers.
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