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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 needing 17 go to win against Australia.

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

He has actually made more than 10 employ the last 30 minutes - not to go over the match but to keep modifying his bet.

Five minutes previously his cash was on Australia, and now as the Indian batsman prepares 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 few minutes later his forecast comes to life, as India wins the match in a nail-biting surface.
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"I have 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 unlawful in India.

Other than horse racing, sports betting of any kind is not enabled in India. Despite that, prohibited wagering syndicates grow in the country.

'Black cash'

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

With no legal opportunity, punters place bets utilizing their phones by making calls to bookmakers. Gamblers can bank on anything associated to the cricket match, from who is winning to the highest individual run scorer.

Most of these transactions include so-called "black cash", which is money not stated to the taxman.

The 1867 Public Gambling Act bars any sort of sports betting in India, but unlike in the US which has a law forbiding web gaming, there is nothing similar here.

And offshore sports betting business are using this loophole to entice Indians. Even though there are no online sports betting operators based out of India, a lot individuals have actually registered accounts with offshore companies.

"Legally you can get away [with this], as the law is ambiguous for online gambling," states Mumbai- based attorney HP Ranina.

But in spite of this, it is "offline sports betting", done through phone calls which control the market.

Require legalisation

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

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

Two franchises have actually been banned for 2 years after some players and team authorities were found guilty of fixing parts of the match at the wish of bookmakers.

The panel likewise argues that legalised sports betting will generate tax revenues for the exchequer that could total up to $2bn a year.

Even bettors feel that legalising sports betting wagering is a in the ideal direction.

"I do not mind paying some cash out my revenues, as long as I can gamble publicly," says our cricket bettor.

It would likewise open a substantial business chance for licensed bookmakers and global online wagering companies to set up operations in India.

And it would assist restrict match fixing in cricket and other sports betting, argue numerous, by helping make deals associated with sports betting more transparent.

"If you work along with wagering business, you will have an extremely effective method of stamping out match repairing," says George Oborne, who runs a mock sports betting site, India Bet.
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But many likewise think, that the taxes imposed on the bettor and the bookie will need to be reasonable to make it appealing enough for them to gamble lawfully.

However, there are limitations.

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

He includes that individuals who use unaccounted cash to place big bets will never bet lawfully.

Approval question

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

"Even however lots of individuals are associated with some sort of gambling - it's still a questionable issue for many," 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 territory.

"The procedure is so long and tricky that it will take years," states Mr Ranina."That's why, we are cynical about this coming true anytime soon."

Yet with the idea having been backed by a main panel for the first time, a minimum of an argument has actually sparked around a subject - which previously was considered a taboo.
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