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Howzat? The clamour to legalise sports betting wagering 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 runs to win against Australia.

In his two-bedroom house located in central Mumbai, a middle-aged male is viewing the game, nervously. He's resting on the edge of his grey colour sofa with his smart phone glued to his right-hand man.

He has made more than 10 employ the last thirty minutes - not to discuss the match however to keep modifying his bet.

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

"I believe India is winning, make the change," he informs his bookmaker on the phone.

And a few minutes later his prediction comes true, as India wins the match in a nail-biting finish.

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

For more than three decades he's been banking on cricket matches. We can't expose his name as what he's doing is in India.

Aside from horse racing, sports betting of any kind is not allowed India. Despite that, illegal wagering distributes flourish in the country.

'Black cash'

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

With no legal opportunity, punters position bets utilizing their phones by making calls to bookies. Gamblers can bank on anything related to the cricket match, from who is winning to the greatest individual run scorer.

The majority of these transactions involve so-called "black cash", which is cash not declared to the taxman.

The 1867 Public Gambling Act bars any sort of sports betting in India, however unlike in the US which has a law forbiding internet sports betting, there is absolutely nothing comparable here.

And offshore sports betting business are utilizing this loophole to draw Indians. Although there are no online wagering operators based out of India, a lot individuals have actually registered accounts with offshore firms.

"Legally you can get away [with this], as the law is unclear for online gambling," states Mumbai- based attorney HP Ranina.
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But despite this, it is "offline sports betting", done through call which dominate the marketplace.

Require legalisation

The clamour to legalise wagering in cricket has grown after a panel selected by India's Supreme Court proposed the concept, saying it would assist clamp down on corruption in the nation's favourite sport.
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The Justice RM Lodha Commission was established to recommend changes in the functioning 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 actually been prohibited for two years after some players and team officials were discovered guilty of repairing parts of the match at the behest of bookmakers.

The panel also argues that legalised sports betting will generate tax profits for the exchequer that could amount to $2bn a year.

Even bettors feel that legalising sports betting is a relocation in the best instructions.

"I don't mind paying some cash out my revenues, as long as I can gamble openly," says our cricket gambler.

It would also open a big service chance for certified bookmakers and international online wagering business to set up operations in India.

And it would assist restrict match repairing in cricket and other sports betting, argue numerous, by helping make transactions involved in gambling more transparent.

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

But many also think, that the taxes levied on the bettor and the bookie will need to be sensible to make it appealing enough for them to bet legally.

However, there are restrictions.

"Definitely there will be prohibited sports betting because (some) individuals would not wish to leave an audit trail by entering the white market," states Mr Oborne.

He includes that people who utilize unaccounted cash to put huge bets will never bet lawfully.

Approval question

For sports betting to be legalised, parliamentary approval will be required to create a new law, and politically this will be a difficult concept to sell.

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

And considered that India has a federal structural - each state will have to likewise pass a different law to legalise sports betting in their area.
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"The process is so long and challenging that it will take years," says Mr Ranina."That's why, we are cynical about this becoming 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 previously was considered a taboo.
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