Gambling and casinos have always been popular amongst Indians, but there is another form of leisure they commonly engage in that also allows them to earn money: sports betting. Thanks to the rise of online betting, more and more young users are keen to place bets quickly, from the comfort of their own homes, whenever they have a spare minute or two, using their mobile phones.
Players on betting sites can place bets on football, cricket and volleyball; some of the largest online platforms are even launching live betting to ensure convenience and provide players with new opportunities.
How sports betting works
A sports bet is a wager on a specific match outcome. The user can choose one of several possible outcomes, such as a team win, a draw, the number of goals, or a specific phase of the game. Each of these has odds that indicate the potential winnings. If you stake 100 at odds of 2.00, the total winnings if your prediction is correct will be 200 units, including your stake. The bet is considered lost if the predicted event does not occur. Therefore, the odds do not guarantee the result — they simply determine the size of the potential winnings.
What is an accumulator bet?
An accumulator bet is a combination of several separate, independent bets into a single bet. For an accumulator bet to be a winner, every single bet must be a winner, and the player must correctly predict the outcomes of all the selected events. There is a high probability that if even one bet loses, all the other bets will be lost too — which is particularly disappointing when the very bet you were most confident about lets you down.
Accumulator bets generally attract players because of the high potential payout, as the odds of each bet are multiplied together to form a single large sum that could make someone wealthy.
How to choose an online bookmaker?
Before starting to bet, readers should choose a suitable betting website or app.
- Choosing licensed betting sites is crucial, particularly for Indians, as a licence guarantees a safe betting experience; and although there are bans in many parts of the country, Indians will be able to place bets without fear of legal obstacles. Indians will have good opportunities once they are able to bet legally — if they choose offshore sites, they risk falling victim to fraud or having their personal data stolen; if they use state-run services, the process will be slow, expensive and uncertain as to whether the law will stand up to scrutiny in the event of a dispute.
- Always choose sites that offer some sort of attractive welcome bonus; usually, when you register and make your first deposit, sites may reward you with a bonus of up to 1,000 per cent of the deposit amount, plus a free bet that can be used to place a bet without making a deposit, but be sure to read the wagering requirements for these bonuses very carefully.
- Well, if you want to bet more profitably, look for online sports betting sites that offer the highest odds and the lowest margin. The margin is the portion of the stake that the platform keeps for itself; very often, this margin is built directly into the odds, and many platforms may display very high odds to attract new players, but the house edge will be over 10 per cent.
- To help you choose the right online platform, you can read reviews from other players and even join the gaming community to share your experiences and opinions.
- For quick and convenient top-ups in Indian rupees and other transactions, check whether websites accept deposits in Indian rupees and whether they support Indian payment systems such as Paytm, UPI and others, to minimise fees and receive your money quickly.
- It is also important that the website offers a variety of options for customers; at https://indian.1xbet.com/en/casino, you can not only place bets but also enjoy more familiar casino games such as roulette or online slots.
How to place your first bet
Once you’ve found a reliable and competitive betting website or app, you’ll be asked to fill in a short registration form and verify your identity.
To register, you’ll need an email address, which you’ll have to verify, as well as a username and password to log in to your account on the site; registration is simple and takes no more than 5 minutes.
Next, you’ll go through a brief verification process to protect your account from fraudsters and gain access to money transfer services.
To top up your account for the first time, choose the payment method that suits you best from the list of payment systems and top up your account. After that, you’ll receive welcome bonuses and be able to place your first bet.
In the betting section, select the sport you wish to bet on. You will then be presented with a list of events available for betting — place your bet and win.
