There’s no doubt that India remains a country that’s completely cricket-mad, and this is borne out by the fact that around 80% of the nation’s sports betting revenue is generated through this sport.
With this in mind, it’s no surprise that you want to enjoy a piece of this action, although registering for an online betting account and placing your first wager can be nerve-wracking for some. Below, we’ve outlined the basics of placing a bet online so that you can make the most of your ante-post and in-play betting experience.
Open and fund a betting account
Let’s start with the basics; as you won’t be able to place bets online unless you’ve made a deposit into your brand-new betting account. You should be able to do this immediately after your account details have been verified, and the good news is that most Indian bookmakers are international brands that accept a wide range of payment methods and currencies (including Indian Rupees).
Many of the acceptable deposit methods will be familiar to Indian customers too, including IMPS, RuPay and UPI, while you can also access global e-wallets that charge non-existent or minimal fees such as Ecopayz, Neteller and Webmoney.
You should also note that most deposits made using credit cards are rejected, so as a general rule it’s wise to avoid using this payment method.
Deposit with Indian Rupees (INR) Where Possible
We’ve already touched on available currencies, with renowned Indian betting sites like Betway and Bet365 enabling punters to wager in everything from pounds and dollars to the Euro. Here you can see some of the sites we list that accept INR Bets
However, these platforms also allow you to deposit cash in INR, which is a huge boon for local players who are looking to avoid exchange rate fees and make the most of their bankroll. Let’s face facts; this applies to every single local punter in India, as the process of converting currency can be expensive in some instances and diminish your hard-earned bankroll before you’ve even placed your first bet!
If you do end up wagering through a site that doesn’t currently accept INR as a viable currency, we’d recommend at least taking some time to review the real-time exchange rates and identifying the cheapest available choice before converting!
Pay Attention to the Deposit T&Cs
Finally, it’s always worth reviewing each betting site’s unique T&Cs before crediting your account for the very first time!
The reason for this is simple; as there will be thresholds in terms of the minimum and maximum deposit amount, while this may also vary depending on the terms of specific welcome offers or recurring promotions.
At the same time, some available payment options may be prohibited by the terms of said bonuses, meaning that you’ll need to identify a viable alternative as a new player.
Don’t forget, some deposit options will charge a fee whereas others won’t, and where possible you should to use one that doesn’t eat into your bankroll every time your credit your account.
If you’ve taken up a bonus promotion like an IPL Offer or Welcome Bonus then you’ll have to read the separate terms and conditions for that part of the registration process.
Pick your punt and place a bet
Once you’ve completed the registration processes and you have an active and funded betting account you’ll need to find the bet that suits you.
Placing a bet is very simple. Its a lot like using an ecommerce shopping cart. you find the bet you want to place and you click the price in the form of odds. That is added to the betting slip (much like a shopping cart) and you check out by entering the price you want to wager on the bet.