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Howzat? The clamour to legalise sports betting in India
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5 February 2016
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By Sameer Hashmi

Mumbai Business press reporter

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

He has actually made more than 10 hire the last thirty minutes - not to go over the match however to keep modifying his bet.

Five minutes earlier his cash was on Australia, now as the Indian batsman prepares yourself to face the last over he's changed his mind.

"I believe 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 finish.

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

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

Aside from horse racing, sports betting of any kind is not allowed India. Despite that, unlawful wagering syndicates flourish in the nation.

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

With no legal opportunity, punters place bets using their phones by making calls to bookmakers. Gamblers can bet on anything related to the cricket match, from who is winning to the greatest specific run scorer.

Most of these transactions include so-called "black money", which is money not stated to the taxman.

The 1867 Public Gambling Act bars any type of gambling in India, but unlike in the US which has a law restricting internet gaming, there is nothing comparable here.
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And offshore wagering companies are using this loophole to draw Indians. Although there are no online wagering operators based out of India, a lot individuals have signed up accounts with overseas firms.

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

But in spite of this, it is "offline gambling", done through call which dominate the marketplace.

Require legalisation

The clamour to legalise wagering in cricket has grown after a panel appointed by India's Supreme Court proposed the idea, saying it would help secure down on corruption in the nation's preferred sport.

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

Two franchises have been banned for 2 years after some gamers and team authorities were found guilty of fixing parts of the match at the wish of bookies.

The panel also argues that legalised wagering will bring in tax earnings for the exchequer that might amount to $2bn a year.

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

"I do not mind paying some money out my profits, as long as I can gamble openly," states our cricket bettor.
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It would likewise open a substantial organization chance for certified bookmakers and international online sports betting companies to establish operations in India.
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And it would help restrict match repairing in cricket and other sports betting, argue lots of, by assisting make deals included in gambling more transparent.

"If you work along with sports betting companies, you will have a very efficient approach of marking out match fixing," states George Oborne, who runs a mock wagering site, India Bet.

But numerous also believe, that the taxes imposed on the gambler and the bookie will need to be affordable to make it appealing enough for them to bet legally.

However, there are restrictions.

"Definitely there will be prohibited wagering because (some) individuals would not desire to leave an audit path by entering the white market," states Mr Oborne.

He includes that people who use unaccounted money to position big bets will never bet legally.

Approval concern

For sports betting gambling to be legalised, parliamentary approval will be needed to create a brand-new law, and politically this will be a tough idea to sell.

"Although many people are involved in some sort of gaming - it's still a controversial issue for many," states our unnamed punter.

And provided that India has a federal structural - each state will have to also pass a separate law to legalise sports betting gambling in their territory.

"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 reality anytime quickly."

Yet with the concept having actually been endorsed by an official panel for the very first time, at least a debate has actually fired up around a subject - which up until now was considered a taboo.