Dear folks, our topic for today is online betting sites in India which accept INR. So, let’s get started!
Legal betting or not
We all are aware of the fact that betting is illegal in India. There are few states who have granted permission for casinos to run in a specific region but, there is no law pertaining to online cricket betting which allows the betters to bet. Since the law doesn’t legally permit its citizens to bet online it becomes difficult for betters to get involved in gambling. But, in spite of the fact that betting is illegal in the country, there are various people who are involved in it by the means of international websites and applications.
These international websites run on the terms and conditions of their own country. The transaction is also done in their national currency. But, these websites provide international betters with the facility to make the transaction in their own country’s currency. It makes the Indian betters bet online in Indian rupees without any hassle. You can have a look at these various websites that enable Indian betters to bet in INR mentioned below:
- 22Bet India
- Royal Panda
These are the best betting sites that accept INR. These are the best betting sites in India which are widely used by a wide range of betters.
Drawbacks of betting in Indian currency
- Time-consuming: The better who involves in betting has to deposit a certain amount of money in his account. The deposited money of the better gets converted into the currency of the betting company. This process is time-consuming for a new better.
- Risky transactions: The winning amount of the better gets transferred into his bank account. This process takes a little time as the winning amount has to be first converted into Indian rupees and then be transferred into the bank account. Thus, this process involves risk since the amount that is being transferred is from an illegal source.
- Huge loss: If the better loses money in betting then he has to pay a higher value to the betting website if the currency value of their country is greater than and his own country. This leads to a huge loss for the better.
From the above article, you have studied what are the top betting sites in which INR is accepted. You have also studied the drawbacks of betting in Indian currency. There are various websites that allow betting but with it also comes the factor of risk involved in it.
With the availability of hundreds of websites also comes malicious ones. These malicious websites loot betters money very easily. The losing party cannot file a claim since betting is unauthorized in the country. Secondly, the better provides complete details of the bank account which enables them to easily withdraw the money. Thus, it is very important for every better to first have a background check-up of the website and then proceed with gambling.