IPL Season is back. People have started looking to earn money by betting on these matches. Cricket Betting or gambling is illegal in most of India. But no law makes online betting an illegal activity. Offshore betting companies like King Exchange use this ”loophole” to lure Indians to bet on everything.
Not only matches, but you can also bet on possibly every aspect of an IPL match, from the toss to how the bowlers will fare and the odds on a batsman scoring a hundred. To pre-empt possible legal hassles, the website mentions how and why it facilitates online betting—going to sports lawyers and placing a bet online while in the country is a violation of India’s laws.
King Exchange is a great cricket & IPL betting platform, and it offers excellent LIVE betting opportunities for the betters. Moreover, it gives individuals a vast range of betting options, making it highly popular among Indian betters. However, unfortunately, it’s an illegal platform with anonymous owners.
The current betting regulations in India are somewhat antiquated, and they make no mention of online betting, making it permissible. The online betting sector has grown in popularity in India, and many international betting sites now welcome Indian players. The same cannot be true about betting exchanges, few and few between.
Are Illegal Cricket Betting Exchanges Not Safe?
Yes, illegal cricket betting exchanges like King Exchange are not safe. Many of the services offered by Cricket Betting Exchanges like Dafabet are illegal in the country. Late in 2019, petitions were filed by Avinash Mehrotra, a social activist, and Deepti Bhagat, a lawyer at the Delhi High Court, seeking a ban on these illegal sports betting websites.
The plea says the online betting system is a ”great place for carrying out hawala operations, laundering money, etc. It is submitted that Foreign Exchange laws and Income Tax laws are also likely being violated today by illegal gambling websites.
As a result of the growing betting culture, young people, including schoolchildren, have begun making bets in local betting markets, increasing juvenile criminality. To combat this threat, several have advocated for the legalization of sports betting in India. According to online gaming industry sources, the significant advantage of legalizing betting is that people will enjoy this addiction. However, betting is not a luck-based game, it’s a skill-based game.
Betting is a game of skills
The more you know about a sport, team, or competition, the more likely you are to win at online betting.
For instance, Team India is playing with West Indies in a test match. You know everything about both teams, including the pitch, the weather, their form, and so on.
With this knowledge, you have a considerably better chance of correctly betting on the match’s outcome than someone who knows nothing about cricket or the two teams, right?
As a result, internet betting is clearly a skill-based game, and as such, it is legal in several Indian states.
Top Legal Cricket Betting Exchanges
There are no explicit laws or constitutional actions prohibiting people from betting online in India. As a result, Indian citizens can use betting sites run by overseas corporations. Betting legally is not restrictive, and there are some legit and legal websites you can play and enjoy on them.
With the majority of Indian punters becoming familiar with online betting, the next logical step will be an increase in the popularity of betting exchanges, where they will get better value for their bets. Let’s have a look at these websites along with their features.
- Fun88 Betting Exchange
Fun88 India was founded in 2009, and it is now one of the most popular online sportsbooks in the Indian market. Other than king Exchange, the group now offers a betting exchange, making it one of the very few available for Indian players.
- Multiple preferable deposit options for Indian
- Wide selection of bets in betting exchange
- Solid trading volume on cricket markets
- Betway
Betway is a true heavyweight in the online betting sector. When you bet on Betway, you can ensure that your information and transactions are safe and secure. The site is very easy to use for all the class and sophistication of this bookie.
- One of the top betting site
- Netbanking and UPI acceptable
- options are easily navigable
- 22Bet
Cricket, football, tennis, and hockey are among the sports covered on the site. The site is licensed in Curacao and employs SSL software to protect our personal information. 22Bet has a fantastic anti-fraud team that immediately discovers and inhibits suspicious and illegal activity.
- Wide range of betting options.
- Impressive range of deposit methods
- Live betting and cash-out functions
- 10Cric
10Cric is well-known for its ease of use, thanks to its user-friendly interface, convenient payment options, and superfast withdrawals. It provides a fantastic sportsbook that focuses on major Indian sports like cricket and a tremendous live betting experience. They also offer a selection of high-quality casino games from some of the industry’s best game producers.
- UPI and Netbanking deposits are available
- Superfast withdrawals!
- High betting odds, great live betting features
Final Words
This article is not a promotional blog that promotes the joining of betting sites or exchanges. But, still, if you are interested and want to try your skills and knowledge, don’t go for illegal cricket betting exchanges like king Exchange. However, you can join any of the above websites, they are safe and legal.