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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 requiring 17 go to win against Australia.

In his two-bedroom home located in main Mumbai, a middle-aged man is watching the game, nervously. He's sitting on the edge of his grey colour couch with his mobile phone glued to his right-hand man.

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

Five minutes previously his cash was on Australia, but now as the Indian batsman gets ready to deal with the last over he's altered his mind.

"I believe India is winning, make the modification," he tells his bookmaker on the phone.

And a couple of minutes later his prediction becomes a reality, as India wins the match in a nail-biting finish.

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

For more than 3 decades 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, illegal sports betting distributes grow in the nation.

'Black money'

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

Without any legal avenue, punters place bets using their phones by making calls to bookmakers. Gamblers can bet on anything associated to the cricket match, from who is winning to the greatest individual run scorer.

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

The 1867 Public Gambling Act bars any kind of gaming in India, however unlike in the US which has a law prohibiting internet gaming, there is absolutely nothing comparable here.

And offshore wagering business are utilizing this loophole to draw Indians. Despite the fact that there are no online wagering operators based out of India, a lot people have actually registered accounts with offshore companies.

"Legally you can escape [with this], as the law is unclear for online sports betting," states Mumbai- based legal 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 concept, stating it would assist secure down on corruption in the country's preferred sport.

The Justice RM Lodha Commission was set up to recommend modifications in the performance of India's cricket regulative body, the Board of Control for Cricket in India (BCCI), after the 2013 Indian Premier League wagering scandal emerged.

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

The panel also argues that legalised wagering will generate tax revenues for the exchequer that might total up to $2bn a year.

Even gamblers feel that legalising sports betting wagering is a move in the best instructions.

"I do not mind paying some money out my earnings, as long as I can bet publicly," says our cricket gambler.

It would also open a huge organization chance for licensed bookies and international online sports betting business to establish operations in India.

And it would help restrict match fixing in cricket and other sports betting, argue lots of, by assisting make deals involved in sports betting more transparent.

"If you work together with wagering companies, you will have an extremely efficient approach of stamping out match repairing," says George Oborne, who runs a mock sports betting site, India Bet.

But numerous likewise think, that the taxes levied on the gambler and the bookmaker will have to be affordable to make it attractive enough for them to gamble legally.

However, there are constraints.

"Definitely there will be unlawful sports betting because (some) people wouldn't wish to leave an audit trail by getting in the white market," says Mr Oborne.

He adds that individuals who utilize unaccounted money to put huge bets will never ever gamble legally.

Approval question

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

"Although lots of people are included in some sort of gaming - it's still a questionable problem for lots of," states our unnamed punter.

And offered that India has a federal structural - each state will need to likewise pass a different law to legalise sports betting in their area.
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"The process is so long and tricky that it will take years," states Mr Ranina."That's why, we are cynical about this ending up being a reality anytime soon."

Yet with the idea having actually been backed by an official panel for the very first time, a minimum of a debate has actually fired up around a subject - which up until now was considered a taboo.
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