Sports betting online is a massive industry across the globe. Sport betting has been a popular hobby to enjoy while watching a sporting event. Horse racing has been a most common betting sport for many years, followed by football and hockey. Many players today also use convenient platforms such as the Betway sports betting app to place their wagers quickly and securely.
Before online sports betting, you would have to visit a betting shop or kiosk to place a bet, or the racetrack itself. It did add a social element to the act of betting, but it was also inconvenient.
The Indian government has traditionally had very strict laws regulating gambling. There are two state-owned businesses that provide residents with the opportunities for gambling — both of which are licensed. Together, they provide the possibilities of sports betting, horse racing, lotteries, online poker, and all other casino games.
There have been initiatives aimed at preventing Indians from playing in offshore online casinos or betting with offshore sportsbooks. Authorities have sought to force Indian banks to refuse to process transactions to offshore casinos. However, payment apps and mobile wallets have significantly undermined the effect these initiatives could earlier exert.
Despite such prohibitive regulations, enforcement has been low, and Indians get to enjoy betting on their sport just the same. In this article, the main reasons that betting apps have become so popular among Indian bettors will be outlined. These are:
Whether it's having meals brought to our doors instead of dining out or viewing films at home on our TV sets instead of the cinema, we have greater choice for home entertainment than ever before. Beting through an app in our own homes is another example of this trend.
Sports betting apps are far more convenient than betting at a shop or at the racetrack. It means you can bet while watching a game on TV at the pub, when you're out with friends, or en route to work. Indians lead hectic lifestyles, and the ease of being in a position to fit sports betting into a few minutes of spare time is extremely appealing.
Having only two licensed operators offer sportsbooks is very limiting. You are not able to shop for a better price or wager on more exotic sporting events. International sports betting apps with mass are much more likely to offer markets for exotic sports you would like to wager on.
These sports betting apps will also offer a wider range of bets. Simple single and accumulators are easy to find, but the more exotic proposition bets usually rely on bigger sportsbooks that can tap into more players.
The simplest reason Indians have begun betting with apps is the same reason people have wagered on sports for hundreds of years — it's fun. Having some money riding on the outcome of a game or race makes it even more exciting. The adrenaline boost of having something on it is just wonderful, and having the ability to treat your mates to a drink when you win, or having something to commiserate about in common when you lose, adds so much to the enjoyment.
For those who aren’t especially interested in sports but have friends who are, betting makes it easier to stay engaged with the action on the field. Moreover, if you’re the type of person who enjoys research, the statistics and trend analysis involved in planning bets can be a fascinating hobby that keeps your mind active.
Governments all over have tried to prohibit or restrict sports gambling and other forms of gambling. The reality, though, as we see in India, is that regardless of how much is banned, the individuals will always find ways to place a bet. Smart laws allowing online betting while protecting customers and generating revenue for the state are the most viable possibilities.