What is online sports betting? Why is it gaining popularity in India?
As more and more people become hooked on the fast-paced digital lifestyle, many new things have been introduced to keep them engaged, and online gaming is one of them. Online gaming is one such area in which virtual participation has become so popular, partly because of the ease as well as the cost associated with engaging in this activity. The penetration of the Internet and smartphones in India has also made it easier than ever before for people to stay connected. With more and more Indians getting access to these devices, online sports betting sites have also become very popular within India.
Online betting sites cater to a niche segment of the population that is looking for an alternative gambling outlet but does not enjoy participating in land-based casinos or horse racing tracks due to the lack of accessibility.
Pushed out of many countries in recent years due to legality or morality concerns, Indian online sports betting is finally on the rise. Indian online sports betting has become incredibly popular because there are now more regulated opportunities than ever before to bet on sports from your desk instead of at a physical establishment—and win money in the process!
In this article, we’ll discuss why betting India online sports betting is on the rise, what drives it, and what you can do to keep from falling victim. We’ll also talk about how you can start playing responsibly if you want to take advantage without risking too much money at once.
Growth of Online Sports Betting in India: How & Why
The world of sports is massive. There are an endless amount of competitions to choose from, and the more people that get involved, the bigger the potential becomes. Sports betting has become one of the biggest ways to get involved in sports.
Why are online sports betting on the rise in India? Why not? After all, it’s 2022, and many people would rather bet on their smartphones than visit a sportsbook or a casino. And who can blame them? For one thing, online betting for sports is incredibly convenient. You don’t have to leave your home, drive to a sportsbook, or even switch on your phone’s battery. You can bet as much or as little money as you want, and you can bet on a range of different sports.
Another factor that can contribute to the rise in online sports betting in India is the fact that, for many people in the country, mobile internet has become the norm. This means that many people who weren’t able to bet on sports in the past (because they didn’t have high-speed internet at home) can now do so from the comfort of their own couches. Check out the reasons below that made online sports betting popular and growing in India.
Convenience & Ease:
Online betting for sports has caught the fancy of many because it’s convenient and easy. Thanks to online platforms like Fun88, the speed with which you can place your bets is unprecedented. All you have to do is go to the website, select your favorite sport, and place your bets.
What’s more, Fun88 even provides you with tips, predictions, and other tools that help you research before placing your bets. You don’t have to call anyone, and neither do you have to travel anywhere. Just sit back, relax, and play with your favorite online betting app.
Increase in Smartphone & Data Usage:
In the last five years, smartphones and mobile data have become a lot more affordable in India than earlier. As a result, many people in Tier 2 and Tier 3 cities and villages are using smartphones and utilizing the potential of digital technology. At the same time, mobile phones make it simple to access online betting apps. This is the reason that a lot of Indians have started using their smartphones for placing bets online. Go to www.fun88.com/in now or download the app to get started.
Safe Payment Modes:
No financial transaction is possible without the availability of safe and secure payment methods. Many online betting sites support UPI wallets like Paytm, Google Pay, and PhonePe, making it easier for people to transfer money online. Aside from that, most sites support NetBanking for those who prefer this method of payment.Fun88 has extensive payment options to suit your needs. Just deposit with a payment method of your choice.
Huge Line-Up for Tournaments:
Online betting for sports, tournaments and matches must keep happening. When it comes to cricket, a significant number of people bet on the Indian Premier League (IPL) matches. That’s why online IPL betting is really popular. Apart from that, bettors also wager on bilateral series, like India vs. Australia or India vs. England, etc., and on all kinds of matches, whether T-20s, test matches, or ODIs. Apart from cricket betting, people also wager on sports like football, hockey, and tennis in India.
What Drives Online Sports Betting Growth in India?
It’s important to know why people are choosing to get involved in sports betting in India online. From an economic perspective, the trend makes a lot of sense.
For example, if a person bets Rs. 20,000 on a particular event, they stand to make a profit of around Rs. 7.5 lakh. It doesn’t take a genius to figure out that this can be a very lucrative way to make money.
Another key driver of betting in India online is the growth in smartphone use. As of 2022, nearly 91% of Indians own a smartphone. This means that a lot of people who would have been unable to bet in the past are now able to do so.
When it comes to sports, the best way to avoid becoming a victim is to make wise decisions. This includes only betting what you can afford to lose, not placing large bets that you can’t afford to pay off, and only betting on sports you know you have a decent chance of winning. You have to be very careful when you’re placing bets with any site, including licensed sites.
And, if you choose to get involved in online sports betting, ensure you’re fully aware of all the risks involved. This will help you keep from falling victim to any scams that may be out there.
Although online sports betting has gained popularity in India, it’s still early days, and the sector has tremendous potential to grow. The presence of reliable and trustworthy players like Fun88 will attract more people to online sports betting.