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Tag: Sports Betting

Sports betting in India - legality and limitations Sports Betting

02 Oct, 2020 Sports betting in India – legality and limitations

Sports betting, or the act of gambling money on a sports game is extremely popular in countries all over the world. One of the biggest forms of betting taking place today is on online applications. The Indian Premier League (IPL) has given rise to a new form of betting for cricket fans....

Most people have probably placed a sports bet with their friends and family and didn’t even realize it. Have you ever bet someone INR 100 or your lunch on who would win a cricket or football game? If you did, you’ve made a sports bet. Sports Betting has been going on for centuries. For as long as there have been people playing sports, there have also been people betting on them. The reasons why people bet on sports often vary from person to person. Some people bet for entertainment purposes while others wager on the profit potential.  Let's have a look at some common reasons why people bet on sports: Entertainment One of the main reasons why people bet on sports is the entertainment value. Quite simply because it's fun. As much as live sports are full of excitement and fun, a small wager can amp it up even more. For some bettors it's more of a hobby than just winning money. They are happy just as long as they’re having fun. They view sports betting as a form of entertainment like any other, and their losses are simply the cost of that entertainment. Profit Potential Well, the best part about sports betting is the potential to make some money. If you’re correct on your bets, you’ll win money. Naturally, that applies in reverse, too. However, the chance to earn a profit keeps folks engaged and leaves them coming back for more. You have the ability to win, regardless of the size of your wallet. You are free to bet as often or  as little as you would like.  Skill in the Game All forms of bets come with risks but also offer a chance of winning money. A lot of people have trained themselves to become professional sports bettors. People have learned to go through stats and strategy, to gain a statistical edge in your match. Sports betting is a mental challenge that can prove to be quite stimulating. It’s possible to win money without relying solely on luck. Your fate is in your own hands, and with the right approach, it’s possible to win money on a regular and consistent basis. Satisfaction The simple joy of being right, is quite satisfying. Just like those who bet for fun, there are those who solely take up challenges to be right. They obviously appreciate the money they win from their successful wagers, but they appreciate the sense of satisfaction even more. There’s nothing more satisfying than predicting an upset. There are many reasons why people choose to bet on sports, but these are the most relatable reasons that attract bettors. These reasons can also be applied to poker, casino games, rummy and much more. It’s a fun pastime for some and can be quite rewarding for professionals. Sports betting in India is mainly illegal except for betting on horse races. India’s Supreme Court has ruled horse racing a game of skill and therefore legal. However, all other sports betting is based on the laws of the individual states or the general laws of India. For more updates on Sports betting, keep reading GutshotMagazine.com Sports Betting

04 Sep, 2020 Why Do People Bet on Sports?

Most people have probably placed a sports bet with their friends and family and didn’t even realize it. Have you ever placed a bet with someone INR 100 or your lunch on who would win a cricket or football game? If you did, you’ve made a sports bet. Sports Betting has been going on for [...

Sports betting Sports Betting

08 May, 2019 2 betting kingpins arrested in Jaipur

As per a recent news report in the Times of India, a couple of betting kingpins linked to the underworld were recently arrested in Jaipur on Sunday. The Indian Premier League (IPL) always sees the highest number of sports bets recorded through the year and an initial investigation indic...

RedKings shuts down after almost 13 years Sports Betting

09 Apr, 2019 RedKings shuts down after almost 13 years

Last week, RedKings, a platform for online poker and sports betting, announced that it will shut down in a statement posted on their website. The company explained that after 13 years of ‘shuffling cards at the tables’ they have closed two of their products: poker and betting. The state...

Puerto Rico governor introduces sports betting bill Sports Betting

05 Apr, 2019 Puerto Rico governor introduces sports betting bill

The South American country of Puerto Rico recently saw a sports betting bill being introduced in its parliament. The bill was tabled by the country’s Governor Ricardo Rossello. The bill, if passed, will become law and lead to the legalization of betting on sports and online video games ...

Paddy Power Betfair to possibly change its name Sports Betting

06 Mar, 2019 Paddy Power Betfair to possibly change its name

The reputed Irish bookmaker Paddy Power Betfair (PPB) may possibly change its name to ‘Flutter Entertainment’, the group stated. The company said that it would change its name – subject to shareholder approval – because it would better reflect the diversity of its brands and operations....

Paul Phua acquitted in Macau sports betting trial Sports Betting

05 Mar, 2019 Paul Phua acquitted in Macau sports betting trial

Paul Phua is a Malaysian Chinese businessman and poker player. He is a casino VIP junket operator who regularly hosts high-stakes gambling games in Macau and has been often referred to as a ‘legend in the gambling world’ and ‘world’s biggest bookie’. Phua and 23 others were caught in 20...

DraftKings and Caesars sign multi-year partnership_OG Sports Betting

27 Feb, 2019 DraftKings and Caesars sign multi-year partnership

One of the largest daily fantasy sports provider DraftKings has signed a multi-year partnership with Las Vegas-based Caesars Entertainment to include online sports betting among the former’s offerings. Caesars currently provides sports betting services in 14 US states, and they have an ...

Paddy Power Betfair buys 51% stake in Adjarabet Sports Betting

15 Feb, 2019 Paddy Power Betfair buys 51% stake in Adjarabet

Ireland-based sports betting company Paddy Power Betfair (PPB) has decided to expand into the European country of Georgia after acquiring 51% stake of the country’s leading online gaming website called Adjarabet, probably named after the autonomous region of Adjara. The deal was struck ...

NASCAR now open to betting on its races Sports Betting

14 Feb, 2019 NASCAR now open to betting on its races

“I wanted to go all in on gambling last year,” NASCAR executive Steve O’Donnell said. The company, National Association for Stock Car Auto Racing, Inc. (NASCAR) has decided to offer sports betting and will now be on every sportsbook in Nevada and beyond. This was long overdue for NASCAR...

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