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Howzat? The clamour to legalise sports betting in India
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5 February 2016
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By Sameer Hashmi

Mumbai Business reporter

It is the last over of the cricket match, with India requiring 17 go to win against Australia.

In his two-bedroom house situated in central Mumbai, a middle-aged guy is viewing the video game, nervously. He's sitting on the edge of his grey colour sofa with his mobile phone glued to his ideal hand.

He has actually made more than 10 contact the last 30 minutes - not to talk about the match however to keep revising his bet.

Five minutes earlier his money was on Australia, today as the Indian batsman gets prepared to face the last over he's changed his mind.

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

And a couple of minutes later on his forecast comes real, as India wins the match in a nail-biting finish.

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

For more than 3 years he's been banking on cricket matches. We can't reveal his name as what he's doing is unlawful in India.

Aside from horse racing, sports betting wagering of any kind is not enabled in India. Despite that, prohibited wagering syndicates prosper in the nation.

'Black cash'

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

Without any legal avenue, punters place bets using their phones by making calls to bookmakers. Gamblers can bank on anything related to the cricket match, from who is winning to the highest individual run scorer.

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

The 1867 Public Gambling Act bars any kind of gaming in India, however unlike in the US which has a law prohibiting web gaming, there is nothing similar here.

And overseas wagering companies are using this loophole to tempt Indians. Despite the fact that there are no online sports betting operators based out of India, a lot people have actually signed up accounts with overseas companies.

"Legally you can get away [with this], as the law is unclear for online sports betting," says Mumbai- based lawyer HP Ranina.

But despite this, it is "offline gambling", done through phone calls which dominate the market.

Calls for legalisation

The clamour to legalise wagering in cricket has actually grown after a panel appointed by India's Supreme Court proposed the concept, saying it would help clamp down on corruption in the nation's preferred sport.

The Justice RM Lodha Commission was established to suggest modifications in the functioning of India's cricket regulative body, the Board of Control for Cricket in India (BCCI), after the 2013 Indian Premier League sports betting scandal emerged.

Two franchises have been banned for 2 years after some gamers and team officials were discovered guilty of fixing parts of the match at the wish of bookies.
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The panel also argues that legalised sports betting will generate tax earnings for the exchequer that could amount to $2bn a year.
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Even bettors feel that legalising sports betting wagering is a relocation in the best direction.

"I do not mind paying some cash out my earnings, as long as I can gamble openly," states our cricket gambler.

It would also open a substantial company chance for licensed bookies 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 lots of, by assisting make transactions included in sports betting more transparent.

"If you work together with wagering business, you will have a really effective approach of marking out match repairing," says George Oborne, who runs a mock sports betting website, India Bet.

But numerous likewise think, that the taxes imposed on the bettor and the bookie will need to be reasonable to make it attractive enough for them to gamble lawfully.

However, there are limitations.

"Definitely there will be unlawful wagering due to the fact that (some) individuals would not wish to leave an audit path by entering the white market," says Mr Oborne.

He adds that individuals who use unaccounted money to put huge bets will never bet lawfully.

Approval concern

For sports betting to be legalised, parliamentary approval will be needed to create a new law, and politically this will be a hard idea to sell.

"Despite the fact that many individuals are associated with some sort of gaming - it's still a controversial concern for many," states our unnamed punter.

And given that India has a federal structural - each state will have to also pass a different law to legalise sports betting gambling in their area.
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"The procedure is so long and challenging that it will take years," says Mr Ranina."That's why, we are cynical about this ending up being a truth anytime soon."

Yet with the idea having been backed by an official panel for the first time, at least an argument has fired up around a topic - which till now was thought about a taboo.
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