Betting on sports in India is still growing in popularity. Although there are legal restrictions on where and what games to play, the industry is still growing due to two factors. One, there’s a growing number of licensed offshore sportsbooks that accept bets from Indian punters. And two, Indians are always passionate about their sports. Remember, there are still legal restrictions in place and you want to make sure that you’re betting on a licensed and reliable sportsbook. Here’s a short guide on how to bet online with Indian Rupees.
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Popular Deposit Betting Options
In signing up for a sportsbook account, make it a point to review its cashier policies. As a minimum requirement, the website should at least accept Indian Rupees as one of its currencies. Once this is settled, you can check all available banking options and consider the ones that are accessible and reliable. In many betting sites in INR, the following are the recommended banking options:
If you’re learning how to bet online, then always check out the most popular ways to fund your sportsbook account. And in many online betting sites in Indian rupees, e-wallets are the most preferred by many punters and casino players. They come in different types with Neteller and Skrill as the most popular. With e-wallets, you can easily create a free account in minutes and all your transactions are credited instantly. This means that you can instantly get the funds that you need and bet on outcomes.
This is a popular option to top-up your account that requires an account with a reliable bank. Before you can fund your account, you need to set-up your bank account. It’s a popular option but one that offers several issues. One, your banking information is shared online. Two, transferring funds can take some time. In some betting sites accepting INR, deposits may take 1 to 3 days. And for your withdrawals, the waiting time can last until 5 business days.
Some sites also offer credit and debit cards like Visa and Mastercard. However, they are often unreliable and the procedure may be slower. Also, you may be asked to provide additional documents that will be sued to establish the authenticity of the account. Furthermore, your first-time withdrawal request will take time as part of the sportsbook’s commitment to the Know Your Customer or KYC policy. Finally, make sure that you choose Indian Rupees as your preferred currency when completing your registration.
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Here’s How to Start Betting
Once you have registered an account, you can now follow and bet on online sports betting. To bet using INR, simply login to your account, and navigate to its sportsbook section. In this section, you can choose the sport or event that you want to follow and bet on. When learning how to bet online with Indian Rupees, always review the odds, its format, and your potential payout.
Make sure you know the difference between pre-match and in-play betting when learning how to bet online. In pre-match betting, you will put place your bets before the start of a soccer or football match. For example, you can bet on the winner of the match or if both teams can score above or below a set number of goals.
In live betting, you can place your bets even while the match is ongoing. For this type of bet, you may place your money on a different set of bets. For example, you can bet on which team will win the toss, or if you’re betting on soccer, you may place your money on the team that will lead the scoring sheet after the first half. Furthermore, in live betting, the betting odds may change in real-time so you want to need to learn how odds work if you want to know how to place a bet online.
🤔 How to bet online with Indian Rupees if I am based in India?
If you want to bet online using a local currency, you should register with an offshore and licensed INR betting site. Make sure that the site accepts INR as its primary currency. During the registration process, make it a point to choose INR as your preferred currency if there is a prompt.
❓ How can I fund my account using INR?
If you sign up for a sportsbook account, you will find a wide array of banking methods. To top-up your account, you may choose from e-wallets like Neteller and Skrill, bank wire transfer, or credit and debit card.
💸 How long is the waiting time in case I want to request a withdrawal of my money in INR betting sites?
Your waiting time depends on your choice of a banking method. If you select e-wallets, then you can get your money within 24 hours.