Cricket is a favorite sport in India. Almost every people watch cricket. Here the market for cricket is very wide and broad. Millions of money invested by investors in cricket. Growing popularity of Cricket in India gave birth of betting. Betting popularity increases more after the inauguration of Indian Premier League.
Indian Primer League is a tournament hosted once a year in India. There are total 8 teams. All the teams are owned by businessmen and celebrities. Too much money invested by the investor. Cricketers from all over the world come here they selected and auctioned. So you can guess how much money is invested in this tournament. In these matches there is combination of sports and glamour.
Even Asia richest person Mukesh Ambani has also a team called Mumbai Indians.
After the start of IPL, betting business went on the peak. A lot of people involved in these kind of activity. Betting is illegal in India. Because of many people who want to bet ,not want to try. But still, there is the huge market of betting. People do betting with there colleagues, co-workers and college friends. There are also bookies. There also some mediators who works like an escrow for betting.
Though the rules does not allow betting,still on apex in India. Police caught sometimes but it is very rare. Some time Special Task Force caught big bookies. They arrest the people but there is no decreasement in betting craze. Instead of that it is increasing.
A few days ago news arrived that and Law commission of India, committee suggested to allow the betting in India. According to them there need to reform betting rule with respect to time.
Though the important fact is that there are still some areas in India where betting is legal. These are very smaller areas of India nation. Names of these are Daman and Diu, Goa, Sikkim.
I support to allow betting in India and I guess it will soon. The government knows there is nothing bad in betting also government wants to increase his revenue by the tax.
Next year will be good for betting lovers because of Cricket world cup 2019 and also IPL. Fans are eagerly waiting for this moment. Money and interest is the main aim for any tournament and here both are available.
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