India to legalize gambling and sports betting - page 4.

MinerHQ

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Quote from: STT on August 23, 2018, 04:04:19 PM

Cheating is possible in every sport though, boxing is famous for it. In cricket the biggest danger seems to come from spot bets where the bet is incredibly specific and it seems kind of setup is going to be risky from the beginning.
I dont know about restricting entirely but its not smart to be breaking the game down too much. They could ask the industry to self regulate and restrict itself to only bets on the overall outcome of the game. It should be far easier to detect cheating over the duration of the entire match then just 1 single statistic someone placed a bet on.

Currently, illegal bets are done on every ball or over level so even legalised gambling allow only overall match results for betting these illegal activities will continue.

Once it is illegalized addicted people may spend all their money on gambling and can create other social issues so they need to prepare for how to tackle these issues or put some restrict on each person how much he/she can spend on gambling on a daily basis or monthly basis depending on their earning.

ethereumhunter

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maybe this will bring good things for Indian people but I hope that the government can think about the possibility their citizen become addicting in gambling. but I wonder what will happen later if there are many Indian people playing gambling and they use a big money to playing gambling and I hope that there will be no problem in that country as I know that their country has big populations that have strong religion.

Kprawn

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Quote from: STT on August 23, 2018, 04:04:19 PM

Cheating is possible in every sport though, boxing is famous for it. In cricket the biggest danger seems to come from spot bets where the bet is incredibly specific and it seems kind of setup is going to be risky from the beginning.
I dont know about restricting entirely but its not smart to be breaking the game down too much. They could ask the industry to self regulate and restrict itself to only bets on the overall outcome of the game. It should be far easier to detect cheating over the duration of the entire match then just 1 single statistic someone placed a bet on.

Well it was severe enough for many people like myself to stop watching Cricket. Why would you sit for days to watch these

tournaments, if they already know what the outcome will be. These guys are betting on every aspect of the Cricket and it got

out of hand. This would be more acceptable if this was local club games, but this is happening in international matches. Angry

Top 10 popular sports in India :

•Cricket
•Football
•Kabaddi
•Badminton
•Hockey
•Tennis
•Wrestling
•Boxing

STT

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Cheating is possible in every sport though, boxing is famous for it. In cricket the biggest danger seems to come from spot bets where the bet is incredibly specific and it seems kind of setup is going to be risky from the beginning.
I dont know about restricting entirely but its not smart to be breaking the game down too much. They could ask the industry to self regulate and restrict itself to only bets on the overall outcome of the game. It should be far easier to detect cheating over the duration of the entire match then just 1 single statistic someone placed a bet on.

Soots

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Quote from: Kprawn on August 23, 2018, 11:02:35 AM

They should seriously consider excluding Cricket betting from this, because the game suffered from a lot of fixing and cheating

in the past and it spoiled the game for me. I know Cricket is huge in India, but they should just allow Sport where "cheating"

has less of an impact on the outcome of the game. A lot of these "cheaters" are professional Sport betting syndicates and they

are ruthless. Roll Eyes

In that scenario, the cheaters were liable on their actions and I wonder how those guys performed the cheating? despite of the sport betting game security. As you said here india was a huge fan of cricket, so the game hosts could focus directly to the game strategy. I don't think this game can be excluded, unless there's a massive petition to the online gambling operators to abolish this type of sports betting game.

Kprawn

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They should seriously consider excluding Cricket betting from this, because the game suffered from a lot of fixing and cheating

in the past and it spoiled the game for me. I know Cricket is huge in India, but they should just allow Sport where "cheating"

has less of an impact on the outcome of the game. A lot of these "cheaters" are professional Sport betting syndicates and they

are ruthless. Roll Eyes

kurian

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Quote from: AirFlame on August 23, 2018, 03:53:03 AM

Quote from: Angel Di on August 03, 2018, 05:55:22 AM

I become far from clear the policy of India, if they legalize it all. After all, the country itself is an ancient culture, and so will be a lot of gambling and debauchery. Maybe I missed something. Roll Eyes

To me I think that it is depending on their religion, if gambling is legal in their religion then their government will also make it legal, but if it is not legal in their religion then people will do protect against their decision for legalizing gambling.

I don't think it depends on the religion. Even epics in Hinduism mentions gambling which existed more than 2000 years before Christ. Still underground gambling activities are live in India worth millions. If religion has any effect on gambling, it wouldn't have existed.

AirFlame

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Quote from: Angel Di on August 03, 2018, 05:55:22 AM

I become far from clear the policy of India, if they legalize it all. After all, the country itself is an ancient culture, and so will be a lot of gambling and debauchery. Maybe I missed something. Roll Eyes

To me I think that it is depending on their religion, if gambling is legal in their religion then their government will also make it legal, but if it is not legal in their religion then people will do protect against their decision for legalizing gambling.

CryptoGamblingSites

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Quote from: avikz on August 20, 2018, 05:48:04 PM

Quote from: onrise on August 20, 2018, 12:25:46 PM

Quote from: SoiledDove on August 09, 2018, 09:55:17 AM

In India they raise all these moral objections to new innovations at first. Ultimately, what makes money for the country will win. That's one thing I've always noticed. I have a strong relationship with that country.

I have not heard yet if India is planning any such thing to legalize it and do not think they may be considering or will make it legal as they would want to stay away form it and already they have many other issues to handle in their country.

Yes! Ongoing issues are there that needs to be addressed but that doesn't mean that other developmental activities will be stopped. Things can certainly move simultaneously.

The report is indeed true and the law commission indeed proposed to legalize gambling. But they did not sat anything specifically about crypto gambling.

It will go crypto anyways, why would people bet Rupee's online when they don't even use banks or online banking? Cash is king over there and crypto is picking up because it can't be taken by the banks that go under in India.

Even USA legal sports betting...players are already complaining how bad the betting lines are in New Jersey...that means smart bettors go to offshore unlicensed sites that offer better odds for players... it will be the same in India for sure.

Hiluxury Bitcoin

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Quote from: lti4301 on August 20, 2018, 12:04:25 PM

Well i am glad to hear that and i totally agree that india should do that...as peoples in india do betting in cricket specially in IPL in huge amount..even if it is illegal...so making it legal would allow it to take control over it and may be earn some taxes as well.

Such a bad form of government it is if they aren’t catering the rights of humans against the profit they are earning from this gambling thing. Although this gambling might enter some good aspects in their economical facts but that sent good for anyone who is gambling. These people are killing their lives in here and are living a miserable life. Why these politicians don’t care about us?

avikz

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Quote from: onrise on August 20, 2018, 12:25:46 PM

Quote from: SoiledDove on August 09, 2018, 09:55:17 AM

In India they raise all these moral objections to new innovations at first. Ultimately, what makes money for the country will win. That's one thing I've always noticed. I have a strong relationship with that country.

I have not heard yet if India is planning any such thing to legalize it and do not think they may be considering or will make it legal as they would want to stay away form it and already they have many other issues to handle in their country.

Yes! Ongoing issues are there that needs to be addressed but that doesn't mean that other developmental activities will be stopped. Things can certainly move simultaneously.

The report is indeed true and the law commission indeed proposed to legalize gambling. But they did not sat anything specifically about crypto gambling.

btcdevil

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Quote from: onrise on August 20, 2018, 12:25:46 PM

Quote from: SoiledDove on August 09, 2018, 09:55:17 AM

In India they raise all these moral objections to new innovations at first. Ultimately, what makes money for the country will win. That's one thing I've always noticed. I have a strong relationship with that country.

I have not heard yet if India is planning any such thing to legalize it and do not think they may be considering or will make it legal as they would want to stay away form it and already they have many other issues to handle in their country.

You can check the above comments where it is clearly given details about Indian government thinking of legalizing sports gambling and mostly they are thinking of making crypto payment system legal for gambling.

onrise

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Quote from: SoiledDove on August 09, 2018, 09:55:17 AM

In India they raise all these moral objections to new innovations at first. Ultimately, what makes money for the country will win. That's one thing I've always noticed. I have a strong relationship with that country.

I have not heard yet if India is planning any such thing to legalize it and do not think they may be considering or will make it legal as they would want to stay away form it and already they have many other issues to handle in their country.

lti4301

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Well i am glad to hear that and i totally agree that india should do that...as peoples in india do betting in cricket specially in IPL in huge amount..even if it is illegal...so making it legal would allow it to take control over it and may be earn some taxes as well.

xIIImaL

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India legalized the living to together recently and the next day they approved for gambling site usage too. If you want ot invest on the gambling site all the website can be accessed with the Indian IP address.
Last year US government traced and washed out the many gambling site as like that India also panned something for the citizens safety of using our of gambling.

lauder_larger

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Quote from: Thanasis on August 09, 2018, 09:39:20 AM

Quote from: Juggy777 on August 09, 2018, 08:37:20 AM

Quote from: btcdevil on August 08, 2018, 06:31:58 PM

Everyone have read the story half that India has formed a legal board to look on the gambling and sports betting to be cashless with virtual currency (bitcoins and other crypto currency) So it clearly means that they are making crypto currency legal in the form of gambling and sports betting and not in other aspects

https://inc42.com/buzz/cryptocurrency-this-week-law-commission-of-india-favours-gambling-in-bitcoin-and-more/

https://news.bitcoin.com/indian-government-crypto-means-of-payment/

It is just a legal Board formation directed by the supreme court of the Indian country.

It is pertinent to note that, this committee has been formed under the watchful eyes of their Highest Court i.e. The Supreme Court of India. The atmosphere in the Asian country has changed drastically, from being sceptical towards the usage of crypto currency, it seems they're keen on taking a more open minded approach which could have a major effect on the prices, as Indians love gambling and are cricket loving people, the stats speak for themselves with high amount of bets being placed during popular cricket tournaments i.e. IPL. This is a welcome move by the Asian country and could lead to more gambling sites tailoring for India.

Yes,India is one of the most populated country of the world where we have more people related to gambling as well so from legalizing the crypto gambling in that country they can make lot of revenue early like you said IPL where more money involving every year through illegal gambling.

I think yes that can be the only reason which attract the Indian Government to think about making online gambling legal. But still I think that it may not be so much easy to legalize online gambling.

Indamuck

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I've always been in support of people having more freedom and being able to do what they want. Why should the government be able to decide what we can do with our lives. Most people are responsible and can gamble just fine without any negative effects.

hulla

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Quote from: avikz on August 15, 2018, 04:17:11 AM

Quote from: micleeiu398 on August 14, 2018, 03:43:45 AM

Quote from: SoiledDove on August 09, 2018, 09:55:17 AM

In India they raise all these moral objections to new innovations at first. Ultimately, what makes money for the country will win. That's one thing I've always noticed. I have a strong relationship with that country.

India is famous in sport betting and players manipulations. There are bookies that are activated in different areas and they contact with players and this game becomes so strong. Even sometimes officials from national cricket boards are on this plate too. They all compounded to make this happen. So India is already suffering from this disease.

Yes! There were few incidents that surfaced earlier and few known Indian players got suspended for life! There are bookies who tries to manipulate the game to make millions from out desired outcome, however, it's wrong to over generalize things. Not all games are fixed and not all players are bought! Loopholes are there in the system and there are people who are getting benefited from it.

The main agenda of the government is to get tax income from the betting industry. Till now government was not getting benefited because betting is illegal in India. So the struggle is now to get along with the tide instead of swimming against it. That makes both party happy!

Yes, it definitely make both parties happy but the Indian law commision government don't sign into bill crypto currency gambling all because of tax money, they accepted it because they are in love the potentials of block chain and bitcoin networks and this is why they spent so much time studying it so the could understand very how it both works. However, the cryptocurrency regulations which was postponed will determine the future of crypto currency there though.

MinerHQ

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Quote from: micleeiu398 on August 14, 2018, 03:43:45 AM

Quote from: SoiledDove on August 09, 2018, 09:55:17 AM

In India they raise all these moral objections to new innovations at first. Ultimately, what makes money for the country will win. That's one thing I've always noticed. I have a strong relationship with that country.

India is famous in sport betting and players manipulations. There are bookies that are activated in different areas and they contact with players and this game becomes so strong. Even sometimes officials from national cricket boards are on this plate too. They all compounded to make this happen. So India is already suffering from this disease.

Yes, everything is happening underground. People are losing and making money even government has banned gambling so now they want to minimize illegal gambling so they are planning to legalize gambling at the same time government also can make money.

Quote from: avikz on August 08, 2018, 05:26:03 PM

Cryptocurrency gambling is not within the scope itself because government has already informed that cryptos will not be considered as a legal tender in India. But I think Indian government is taking one step at a time. Cryptos will have to be legalized eventually just to cope up with the other countries.

The Indian government is always very slow to implement new technologies. Their telecom industry also very slow, they are just rolling out 4G.

Now crypto trading completely stopped in India except people to people. I don't think they will legalize crypto so soon.

avikz

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Quote from: micleeiu398 on August 14, 2018, 03:43:45 AM

Quote from: SoiledDove on August 09, 2018, 09:55:17 AM

In India they raise all these moral objections to new innovations at first. Ultimately, what makes money for the country will win. That's one thing I've always noticed. I have a strong relationship with that country.

India is famous in sport betting and players manipulations. There are bookies that are activated in different areas and they contact with players and this game becomes so strong. Even sometimes officials from national cricket boards are on this plate too. They all compounded to make this happen. So India is already suffering from this disease.

Yes! There were few incidents that surfaced earlier and few known Indian players got suspended for life! There are bookies who tries to manipulate the game to make millions from out desired outcome, however, it's wrong to over generalize things. Not all games are fixed and not all players are bought! Loopholes are there in the system and there are people who are getting benefited from it.

The main agenda of the government is to get tax income from the betting industry. Till now government was not getting benefited because betting is illegal in India. So the struggle is now to get along with the tide instead of swimming against it. That makes both party happy!

Topic: India to legalize gambling and sports betting - page 4. (Read 998 times)