Every day, online betting seems to be gaining more ground in India, but despite its popularity, there are still a few challenges that have made Indian bettors seek better conditions for placing their bets. They also still have so many unanswered questions. One of those questions has been how to bet online in Indian rupees.
In this guide, we will show you how you can carry out online betting in Indian rupees and, in turn, place bets and win big.
Bet on Horse Racing with Indian Rupees
Horse racing in India has been a popular sport for more than two centuries. You can now place your bets on horse racing online from the comfort of your home in your local currency.
Bet on Football with Indian Rupees
Football seems to be gaining more and more momentum in India, and with live events such as the English Premier League, Bundesliga, and the Indian Super League taking place throughout the year, you can join in on the fun and make money. All this can be achieved by placing your bets in Indian Rupees.
Cricket Betting with Indian Rupees
The IPL is a big affair, and so is betting on it, with millions of Indian rupees wagered on every game. Cricket is India’s biggest sport, and for that reason, not only do you get to bet on the IPL but also other tournaments like Big Bash League, the Pakistan Super League, and others that have big names participating in them.
These options have proven to be the most reliable among the wide variety of deposit options out there.
UPI (Google Pay, PhonePe, Paytm, and Others)
Using this medium, you get to withdraw and deposit money with no extra charges. This means this deposit option is only enabled on sites that support UPI
Electronic wallets are viable options if you are an Indian bettor looking to carry out online betting in Indian rupees. There are several e-wallets out there, such as Skrill, Neteller, and Entropay, amongst others.
In as much as this is the go-to option for high rollers, it is worth mentioning that this is an option with slightly higher risks than the previous two. With higher fees and a longer transaction processing time, this could be a hit-or-miss option for you if you are looking to use it.
Be it a Visa or Mastercard; there are no additional fees for using these methods. They are fast, but it’s important to note that they can be unreliable, especially when you are looking to bet from India and in Indian rupees.
Betting
After you make your deposit, it’s time to bet. Bet365 once stood alone as the only sportsbook accepting Indian rupees, but this is no longer the case. Wagering sites, including Bodog, Royal Panda, Betway, and 22bet, have come up in recent years and now provide an avenue to put your betting skills to good use.
Withdrawal Options
While there are a few ways to go about this, we strongly suggest the use of an e-wallet. The ease of using this wallet comes down to its multi-purpose abilities, as you can both withdraw and deposit with it. Neteller is a very good option, and most betting sites support it. It is trusted, and it’s one we advise you to take a look at.
You can also use your credit or debit card to withdraw as some sites allow this, but it often proves difficult as transactions quite often get rejected. There is also the option of using a bank wire transfer for withdrawal.
It is important to note that, before you’ll be allowed to withdraw your winnings, you will need to have a fully verified account. This verification will mostly be done via a KYC (Know your customer) check.
This is to prevent any form of illegal activity, and you will need to provide the following documents as proof of identity:
Advantages of Online Betting in Indian Rupees
1. You get to use your native currency and, in turn, avoid any value discrepancies that may arise when converting to other currencies.
2. It helps you save on conversion fees. When converting to other currencies, there are always conversion fees but betting with Indian rupees helps you avoid all of that.
Answer: Sticking to the right system will keep you profitable most of the time. Learn how to bet small and possibly join a community of players to help improve your skills
Answer: Yes, it is. Certain states like Sikkim and Nagaland prohibit online betting, but other than that, it is safe and legal to use online betting platforms in India.