Sports betting in India is a topic that has seen a massive surge in interest in recent years. With the rise of online betting, sports betting has become more accessible and popular. We will look at the history of sports betting in India, the statistics, the trends, and the future of the industry.
We have also covered the best sites to bet on sports in India, so you can be sure you’re betting with a reputable bookmaker.
What is sports betting in India?
Sports Betting In India is an online betting activity in which a player predicts the result of a sporting event and places a wager based on that prediction. You can place this type of bets with the help of a bookmaker or through a private company called a “bookie.”
There are various types of sports betting such as cricket, football, and tennis.
History of Sports betting in India
The history of sports betting in India dates back to ancient times. Going back to the days of the Mahabharata and the Ramayana. Evidence of gambling activities can be traced as far back as the Vedic period.
In recent times, online sports betting has often been played at social gatherings and festivals. With the introduction of international sports leagues and tournaments in India, people started betting on their favorite teams with small wagers. It has been an integral part of Indian culture, with people wagering on various sports such as cricket, football, horse racing, and more.
Statistics of sports betting in India
The active betting began in the early 2000s when online betting websites opened up in the country. In recent years, sports betting has seen a huge surge in popularity. It is a rapidly growing industry, with the number of bettors increasing yearly.
According to recent statistics, every year, the sports betting market is expected to grow by USD 218 billion, with over 30k business owners generating revenue, with a large portion of this coming from cricket betting. Over the last five years, there has been an increase of 206% in sports betting.
The growth of the betting industry is driven by a combination of various factors, including the increasing popularity of online betting, the availability of sports betting sites and apps, and the number of people with disposable income.
Future of the industry
The Indian sports betting industry is known to be one of the biggest markets in the world. With the current surge in digitalization and the increasing popularity of sports betting, the industry’s future looks promising.
How do I choose the best online sports betting site in India?
You should always keep the following factors in mind when looking for online sports betting sites in India:
- Payment methods
- Betting and live streaming in-play
- Security and licensing
- Bonuses and Promotions
- Customer supports
Why is Yolo247 the best site for sports betting?
Yolo247 is the best betting site for sports betting.
Here are some important benefits that you can get by playing at Yolo247.
Yolo247 has an easy-to-use interface that offers an enjoyable and seamless experience. Therefore, you can use the website, place bets, and bet on your favorite sports from anywhere and anytime.
Customer support is available 24/7
Yolo247 is well known for its excellent customer service, which is ready to resolve any issues you might face while betting. You can reach their executives if you have any concerns about the game.
Safe gaming environment
The site provides a highly secure platform for players to deposit and withdraw money as they make their bets by implementing safe and secure payment methods. It enables a smooth and seamless gaming experience.
Easiest deposit and withdrawal methods
The site offers the most convenient deposit and withdrawal options, so you know your money is safe.
Wide options for sports bets
The site offers odds on all the major cricket and football tournaments, along with a good selection of bets to choose from, which makes a betting site stand out quite well.
Live betting options
The site offers live betting on popular sports like cricket matches and football matches. A live betting section will give you a more enjoyable betting experience.
The site lets you check live match updates, past match history, and market stats in just a few clicks. All these features make Yolo247 more reliable and engaging.
Final thoughts on Sports betting in India
Sports betting is a highly lucrative industry because many people see Online Sports Betting as a means of earning additional income and getting an enriching gaming experience. So if you are interested in starting your sports betting journey, choose a reliable and trustworthy betting site like Yolo247.
The site has a proficient sportsbook user interface and has been in the betting industry for years.
FAQs about Online Sports Betting India
- Which sport is known to be the most popular for betting in India?
The most famous sport for betting in India is cricket. Other sports include football and tennis.
- Which is the safest betting market? Which is the most reliable betting site in India?
Sports betting market is the safest as we know the results on a real-time basis. Yolo247 is the most reliable site to place your bets.
- How do I win a sports bet?
You can win a bet by following the betting rules, betting odds, tips, and strategies.
These are the essential factors to consider while betting on sports:
- You must know that your favorite team or player will not win every time.
- Do your research while searching for a betting site.
- Know the betting rules and markets before placing any bet.
- Always start with small bets.
- Play the free games before starting your online betting journey.