Amazing online cricket betting facts

*Cricket is the most popular sport to bet on in India more than football, rugby and many more. The popularity of cricket in India is unbeatable.

*Women players are more in online betting than men ever since online betting is introduced. The land-based casinos are more dominated by men while online cricket betting tips sites are dominated by men.

*It is easier to cheat in land-based casinos than on online casinos. The modern socket layer technology protects the data in such a way that it is impossible to hack and cheat the dealers.

* Land-based betting is strictly forbidden while online betting is neither allowed nor forbidden. The government of India has not made any specific rules for online betting.

*In India every state has its guidelines for online betting. Sikkim is the most favourable state for these practices.

*Online betting help to trace terror funding. The government of India can locate and trace terrorists using anonymously transfer funds needed to sustain legal activity.

*40% of Indian internet-based users have tried their hands in online casinos.

*Land based betting is not as much lucrative as online betting. Bonuses and offers in online betting are much more.

*In countries like the UK, Canada, Australia etc online betting is completely legal and no tax is charged on online betting earnings.

Cryptocurrencies valid for trading in online cricket

Using cryptocurrencies for online cricket betting tips is very easy in India as it is available to every player easily. cryptocurrencies is both cheap and legal. Anyone can buy cryptocurrencies and deposit them on their betting sites.

 How to use cryptocurrencies for online betting?

*Firstly, buy some cryptocurrencies. Unocoin.com, bitbns.com are a popular crypto exchange in India.

TIP-- make sure you buy only the famous crypto such as Bitcoin, Ethereum, Tron etc.

*Choose a website that accepts crypto and deposit them.

*Now start your betting with cryptocurrencies. You can also football, horse racing etc with crypto.

Taxes on income on online bets in India

Section 155BB of the Income-tax Act explains the amount of income tax to be levied on income generated through online betting. The tax rate is flat 30% on the winning amount and 31.2% is the net rate with cess included.

Benefits like home loans rebates, house rent allowances etc, detailed under the Income-tax Act cannot be used because there is no exemption on income generated through online betting.

Players must file their earnings as tax deducted at the source when filing his/her annual taxes.

NOTE- At the time of filing the taxes in India, it is compulsory to show the income generated through online betting.

Cricket predictions on our site are always helpful to get an idea of who will win the game and how each team will fare at key points of success. Our Cricadium Cricket expert team is selected based on industry and analytical knowledge. They can give a clear picture of match prediction and possible scenarios for the future.   

Our predictions are written by professional cricket writers. Our goal is to provide 100% accurate and free cricket game predictions and tips for all cricket leagues.

In trial games, you have a third option to bet on. If you place a bet on the match or series winner in a limited format, you must predict which team will win the game or series. In this type of betting market, where punters like to punt, you also need to predict accurately which teams that open a batsman will score more points than the number of runs between them in the game.   

Location: Prateek Center, Sanjay Palace, Sanjay Place, Madhu Nagar, Agra, Uttar Pradesh 282002, India

Comments

Post a Comment

Popular posts from this blog

Cricket Betting Explained: Step-By-Step Guide

Image
The world of betting does not run by luck alone. Successful bettors know that betting is all about taking calculated risks. They chalk out various strategies that can push them closer to a win. Matched betting is one of the most popular and common betting strategies.  Cricket betting is also called zero-risk betting . This is because you have to make two bets in no risk matched betting – one bet opposing the other. However, since you cannot make two different bets with a bookmaker, you require the help of betting exchanges.  Online Betting Id  To make matched betting successful, you should have a general idea of how the betting market works. What is Cricket Betting? Matched betting is a strategy using which bettors bet with a bookmaker using free bets and lay the same bet via a betting exchange. Before you learn about matched betting, it is important to know about lay bets and back bets. Back bets  – Back bets are the bets traditionally offered by bookmakers. When you make a back be
Read more

Know about Cricket Tips in Detail by Industry Experts

Image
Cricket is a popular sport in many countries. It is also the 2nd most-watched sport in the world. However, cricket (and its rules) can be very confusing for people who have not grown up playing it. In this blog post, we will talk about some of the most interesting and exciting facts about cricket so that you can better understand and enjoy it! The objective of the game is to get more points than your opponent by catching the ball and running from one end to the other without getting out. A cricket match can be found almost anywhere there are people with time for it, whether it's in a village, town or city. It's very popular among children and teenagers. Cricket was first invented in England during the 16th century by Edward II (1442-1483). There are two main types of cricket: Test Cricket which typically lasts 5 days and One Day Cricket which typically lasts 1 day. Cricket tips are a must for any player who is keen to play well. Today, many players rely on cricket tips a
Read more

How betting is done in cricket?

Image
Indian markets worth millions of rupees for cricket betting. As about 90% of the cricket fans all over the world are based in India and that’s why there is so much craze for cricket in India.      Indian cricket fans not only like to watch and enjoy cricket matches but also like to make money through it by betting on upcoming matches. So, to clear all the confusion among cricket fans, we have made a detailed list of cricket betting tips and cricket predictions. As the modern world has changed the way of betting like olden days we used to bet through a bookie. We are hopeful that after going through this article you will get a clear picture about how betting is done in cricket? Different types of cricket betting There are various forms of cricket like T20, Tests, ODI and Indian fans like to bet on all those forms. So, you have to check out certain points before placing bets like match conditions, ground conditions, pitch conditions, weather forecast, injury, and team news. You have to
Read more