Online Betting App Ipl
Online IPL Betting Guide for 2020 The IPL is the most popular T20 cricket league in world cricket. Millions of fans from all over the world follow the IPL each season, and it is no wonder that the IPL witnesses particular interest, when it comes to online cricket betting.
There is a consensus of opinion that cricket may be the most loved sport in our nation. The game is more like one of the religions in the country as it brings people together and helps them forget their many differences, even if it is only for a short time.
The Indian Premier League (IPL) is a professional Twenty20 cricket league in India contested every year by teams representing different cities or states in India. The league came into existence in 2008 with 8 franchises. Since then, IPL has attracted some of the biggest cricketers from all across the globe. It has turned out to be the most watched T20 league in the world and has been a huge money spinner for the BCCI.
- The Parimatch app has a simple navigable user interface. It has multi-bet options for.
- IPL betting apps contain a list of all the IPL matches and events you can bet on. You can directly sign-up from the app, make a deposit on the app and start betting within a matter of minutes.
While watching IPL with family or friends is an entertaining affair, IPL has definitely widened the scope of gambling. While, betting or gambling is illegal in India, there is no law that makes online betting an illegal activity. Offshore betting companies use this ‘loophole’ to lure Indians to bet on pretty much everything. The Indian Premier League (IPL) tops their lists and some websites have even hooked up with offshore betting agencies, thereby allowing Indians to place online bets.
In the past, betting on cricket was a pretty straight forward affair. One would go to their nearest bookies, place a bet, then watch the game, hoping the outcome would match the one you predicted. With the birth of the Internet and mobile apps such methods of gambling slowly disappeared in to history. Now what happens is that if one wants to bet on IPL games with real money, all they have to do is click on the link of the bookmaker they want to use.
They can then sign up with the bookmaker by opening an account with them. Then go to the cricket section of their website, where they will list all the IPL games that you can bet on and can choose which matches to bet on. Not only matches, one can bet on possibly every aspect of an IPL match, from the toss to how the bowlers will fare and the odds on a batsman scoring a hundred.
Is online betting legal in India?
According to the Public Gambling Act (1867), all kinds of gambling in India are illegal. But unlike in the US where there is the American Internet Gambling Prohibition Act, no specific laws exist in the Indian system that bar online gambling. Nowadays, online betting India is gaining huge popularity day by day due to its specific features that give you an amazing experience anytime and anywhere and also there is nothing mentioned about online betting in the Public Gambling Act, 1867.
The question of whether it is legal to bet from India using an international bookmaker is not clear in law. While bookmakers in India are illegal, there is no specific law in India which bans an individual customer from placing an online bet with a bookmaker based outside India.
How are winnings from betting taxed in India?
The provisions of income earned from online gaming fall under section 115BB of the Income Tax Act. This comes under the head ‘Income from Other Sources’ while filing income tax returns. It includes winnings from betting, gambling, card games or any other games. Hence, winnings from online gaming also fall under this category.
- In India the money you earn by betting or gambling is subject to income tax. Income earned from online gaming is considered as ‘Income from Other Sources’ while filing income tax returns (ITR) and it is taxed as per the provisions of the Income Tax Act.
- This income is taxed at a flat rate of 30% excluding cess without taking into account the basic exemption limit.
- The net rate after cess amounts to 31.2%, without the benefit of the basic exemption limit.
- For instance, an individual’s annual income is Rs 1.5 lakh and he has earned Rs 50,000 from online gaming, then his total income comes to Rs 2 lakh, which is below the basic exemption limit of Rs 2.5 lakh. But still the individual has to pay tax on the Rs 50,000 including cess. Further, no deduction or expenditure is allowed to be claimed against such income.
Is TDS required on be deducted on such earnings?
- The entity distributing the prize money is required to deduct TDS if the prize money exceeds Rs 10,000 @30%.
- It does not matter whether the income of the winner is taxable or not. The amount distributor is liable to deduct tax at the time of payment.
- Even if the entity distributing the prize money deducts TDS, the receiver is required to disclose this amount while filing his annual ITR.
- If the prize is received in kind, then tax will be applicable on the market value of the prize received in kind. The prize distributor in this case also needs to deduct TDS before transferring the prize to the winner.
Can one claim deductions against such earnings?
No deduction under section 80C or 80D or any other deduction/allowance is allowed from such income. The Benefit of basic exemption limit and income tax slab rate is also not applicable to this income. The entire amount received will be taxable at the flat rate of 30% + cess.
Bookies and online gambling companies are now focusing on and targeting young, impressionable people by looking for the next generation of potential addicts and ensuring the sustainability of a business model. Most try to lure punters into their web with the initial offer of a ‘free bet’. They will actually give you money to have your first crack and are sincerely hoping that you will get hooked on to it. Gambling is highly addictive, and ‘problem’ or ‘pathological’ gambling is a psychiatric disorder. It’s all about impulse control, and when the individual can no longer control the impulse to gamble, problems occur.
It also becomes difficult to catch internet gambling offenders if the websites are hosted by servers located in countries where betting is legal. Enforcing the act becomes difficult if the servers are located offshore. The legalization of betting would bring huge revenues to the government.
On 4 March 2009, the Government of Sikkim (Finance, Revenue and Expenditure Department) issued a memorandum known as Sikkim Online Gaming (Regulation) Rules, 2009. This outlined the rules and regulations for online gambling licensing within that state. However, if an Indian resident decides to place bets on a website hosted outside the country, it would be difficult to hold him guilty of online gambling if the laws of the country where the website is hosted, permits online gambling. This is why India should enact a specific internet gambling law.
All apps are equal. Some apps are more equal.
Heard of this new-age wisecrack? Well, this is certainly true about finding the best IPL betting app. In this situation, how would you find the best app for IPL betting?
The answer is simple: by doing hard-nosed research and by actually using the app with a critical eye. There are no short-cuts here. This article intends to give you a head-start though.
What Is IPL
IPL or Indian Premier League is the biggest franchisee-based league in cricket. Almost all major cricket stars worth their salt play in the league. Indian cricket’s administrative body, the Board of Cricket Control of India (BCCI), is the most powerful among such organizations in the world.
Its clout has ensured that not much international cricket would take place when the IPL is going on. It ensures the participation of almost all international stars. As of now, there are eight teams in the fray: Chennai Super Kings, Delhi Capitals, Kings XI Punjab, Kolkata Knight Riders, Mumbai Indians, Rajasthan Royals, Royal Challengers Bangalore and Sunrisers Hyderabad.
IPL’s Inner Secrets
The owner’s financial muscle does reflect on the team’s performance. Mumbai Indians have won all the matches in the alternate years from 2013 onwards. There team is owned by Mukesh Ambani, owner of India’s biggest business house: Reliance Industries. While betting, expect the trend to continue.
Chennai Super Kings are the ultimate weak-team bully in the IPL. MS Dhoni is the team’s captain who knows how to spot and crush mediocrity in the opposition. If the opposition team has a weakness, expect the Super Kings to exploit it to the hilt. In other words, back the Chennai outfit when they play against the bottom-ranked teams.
Royal Challengers are the most jinxed side in the IPL. They have never won the title, despite having some of the contemporary greats like Virat Kohli and AB de Villiers in their ranks. In betting, never make the mistake of backing them to win the IPL.
Teams like Sunrisers Hyderabad and Kolkata Knight Riders usually put up a good show. They are the only sides that have won the IPL in the last decade other than Mumbai Indians and Chennai Super Kings.
How to Find a Cricket Betting App for IPL
The best IPL betting app can be found from Dafabet, Royal Panda and 888sport. They offer uncluttered information and are easy to the eye.
A good cricket betting app must be useful for comparing odds. It must allow you to check the odds on the go and help make quick decisions on punting. Statistics are an integral part of cricket. There should be much more than the results of recent games and head to head statistics. Full scoreboards of recent games give you more data than a full-length article. The best app for IPL betting should provide full scoreboards in an eye-catching manner.
Most of the cricket betting apps do provide these features. But some provide in-depth info in the most comfortable and convenient way. Those apps are more equal.
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