Sports

The History of Sports Betting in India

In many countries, betting, and particularly sports betting, is a popular pastime activity. Many do this as a hobby while others do it to see if they can win some cash and beat the odds. In one particular country, however, gambling varies in the state where some have sports betting and gambling as a legal activity, while others may have exceptions to the rule.

Organized gambling and betting in the states that are restricted aren’t all illegal, they would allow selective categories such as horse racing or playing the lottery. However, as the 21st century continues, more and more people are becoming interested in this and the governments are seeing it as a large part contributing towards the country’s economy and a huge source of revenue.

The Public Gambling Act of 1867 is the essential law that prohibits running or being in charge of any type of public gambling house. Penalties of which can range from a fine of ₹200 to 3-months imprisonment. The law in India classifies these types of games into two sub-categories, namely:

  • A game of chance – for example, the game “Rummy” is not a game of chance entirely, such as the “three-card game” that’s popular in India, which is also called brag or flush and is considered a game of chance.
  • A game of skill – The game of Rummy would be considered a game of skill and as it entails a knowledge of the cards, both in holding and discarding them.

History of Online and Sports Betting

When it comes to online gambling, it has far surpassed its infancy stages in India, when Sikkim, which is one of the three main casinos. The other two are in Daman and Goa offered to provide three online gambling licenses back in 2010.

Even though this was a failed attempt, and Indian casinos cannot endorse or have sites that promote online gambling games such as sports, casinos betting and bingo, it is not illegal for non-Indian casino companies or, better known as offshore companies, to have sites that focus on Indian players.

The origin of gambling is not a new one to this country, it dates back to the Mughal empire of 7300 B.C, and has also been mentioned in the highly popular epic stories of “Ramayana”. Here there is mention of the use of gambling boards. Some think this was a game of dice or chess, but no one is known for certain.

In both the tales of “Mahabharata” and “Ramayana” there was mention and action of gambling and betting and this took place during the 2500 BC and 1500 BC and this began the idea of rolling the dice. In fact, in some manuscript’s archaeologists dug up a single “die” made of terracotta that may have been dated back to 2500 BC. The wearing out of this object indicated the use of hands while playing it and throwing it, which indented the object.

Changes That Came with The 21st Century

Fast forward to the 21st century, and in today’s modern era, both with technology and the creative streaks of many developers and teams of skilled programmers, we have the opportunity of doing everything online, including the art of sports betting and gambling. What was once a dream or just a thought in a famous historical story, has now become a reality for the entire world and some of the many sports betting platforms such as the leading sports betting site 10RCIC, has various examples and possibilities of choosing the type of sport to bet on, and also becoming a successful punter overnight.

Now gambling is done either as a leisure sport or a serious activity and is more structured and casinos and online platforms are popping up almost every year, with the numbers of players soaring in activities from online slots, to betting on the latest Indian Premier League (IPL) games, right in front of their screens, in the comfort of their own homes.

If you ever come across a punter who states that he has “lost his shirt”, then this would indicate he is from India and this is a phrase used in ancient times and originated from the comparison of trees being stripped off their fruits in the “Ramayana” tales when one of the notable characters portrayed “Hanuman” shakes off and defeats his opponents in gambling, leaving them without any clothes or ornaments.

According to the Statista website, the world’s gambling markets are thought to be valued at more than 92.9 billion U.S. dollars by 2023. At the moment this number is sitting on just over 58 percent in revenue. This includes sports betting, gambling, casino games, poker and online slots.

The possibilities of all the above-mentioned activities are available and easily accessible on people’s smartphones also contributes significantly to these numbers due to the convenience and ease of use. Giving more and more people the opportunity to also be a part of the fun and games.

There is no doubt that one of the most popular sports that people watch and place their bets on is the IPL and second comes the wagers that they place on international matches that take place in overseas leagues. Soccer comes next after cricket, which is also a popular sport for many fans and punters to bet on.

Another contributing factor that has changed the face of online sports betting is the assortment of different digital transaction options. From digital cryptocurrencies such as BitCoin to e-wallets such as Skrill, Neteller, MasterCard and Visa as well including various others, hence no one is looking anywhere else but, on their phones, or laptops to see who will be winning the next big tournament and whom they can find their value bets with.

The advantage of doing this online is that you get far greater deals and promotions than you would normally do anywhere else. From free bets to 1005 cashback and registering bonuses, who would want to choose a different way of placing some bucks on the next big match that the IPL has scheduled or any other sports events for that matter?

Related Articles

Back to top button