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Howzat? The clamour to legalise sports betting in India

5 February 2016

By Sameer Hashmi

Mumbai Business press reporter

It is the last over of the cricket match, with India requiring 17 go to win versus Australia.
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In his two-bedroom house situated in central Mumbai, a middle-aged guy is viewing the video game, nervously. He's resting on the edge of his grey colour couch with his cellphone glued to his right-hand man.

He has made more than 10 employ the last thirty minutes - not to talk about the match however to keep revising his bet.

Five minutes previously his money was on Australia, and now as the Indian batsman prepares to face the last over he's altered his mind.

"I think India is winning, make the modification," he tells his bookie on the phone.

And a couple of minutes later on his forecast comes to life, as India wins the match in a nail-biting surface.

"I have actually made $200 today," he says with a childlike glee.

For more than 3 decades he's been banking on cricket matches. We can't expose his name as what he's doing is prohibited in India.

Aside from horse racing, sports betting wagering of any kind is not allowed India. Despite that, prohibited wagering syndicates grow in the country.

'Black money'

According to the Doha-based International Centre for sports betting Security, India's prohibited sports betting wagering market deserves some $150bn a year. And much of that sports betting cash is directed towards cricket.

Without any legal opportunity, punters place bets utilizing their phones by making calls to bookies. can wager on anything related to the cricket match, from who is winning to the highest private run scorer.

The majority of these transactions involve so-called "black money", which is cash not declared to the taxman.

The 1867 Public Gambling Act bars any type of gaming in India, but unlike in the US which has a law prohibiting web sports betting, there is absolutely nothing comparable here.

And offshore wagering companies are utilizing this loophole to lure Indians. Even though there are no online sports betting operators based out of India, a lot individuals have signed up accounts with offshore companies.

"Legally you can get away [with this], as the law is ambiguous for online sports betting," states Mumbai- based attorney HP Ranina.

But despite this, it is "offline gaming", done through telephone call which control the market.

Calls for legalisation

The clamour to legalise sports betting in cricket has actually grown after a panel designated by India's Supreme Court proposed the idea, saying it would assist secure down on corruption in the country's preferred sport.

The Justice RM Lodha Commission was established to recommend changes in the functioning of India's cricket regulative body, the Board of Control for Cricket in India (BCCI), after the 2013 Indian Premier League sports betting scandal came to light.

Two franchises have been banned for 2 years after some players and group authorities were discovered guilty of repairing parts of the match at the behest of bookmakers.

The panel also argues that legalised sports betting will bring in tax profits for the exchequer that could amount to $2bn a year.

Even gamblers feel that legalising sports betting is a relocation in the right direction.

"I don't mind paying some money out my profits, as long as I can bet publicly," states our cricket bettor.

It would also open a big organization opportunity for certified bookies and worldwide online sports betting business to set up operations in India.

And it would assist limit match fixing in cricket and other sports betting, argue numerous, by helping make deals associated with gambling more transparent.

"If you work alongside sports betting business, you will have an extremely efficient technique of stamping out match repairing," states George Oborne, who runs a mock wagering website, India Bet.

But many likewise think, that the taxes levied on the bettor and the bookie will have to be reasonable to make it attractive enough for them to gamble lawfully.

However, there are constraints.

"Definitely there will be illegal sports betting because (some) people would not want to leave an audit trail by getting in the white market," says Mr Oborne.
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He includes that individuals who utilize unaccounted cash to place huge bets will never gamble legally.

Approval question

For sports betting gambling to be legalised, parliamentary approval will be needed to produce a brand-new law, and politically this will be a tough concept to offer.

"Despite the fact that many individuals are included in some sort of sports betting - it's still a controversial issue for numerous," says our unnamed punter.

And considered that India has a federal structural - each state will have to likewise pass a separate law to legalise sports betting in their territory.
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"The procedure is so long and difficult that it will take years," states Mr Ranina."That's why, we are negative about this ending up being a truth anytime soon."

Yet with the idea having been endorsed by an official panel for the very first time, at least a dispute has actually fired up around a topic - which previously was thought about a taboo.
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