Gambling has always been a part of our gaming since times immemorial, needless to remind the Indian epic, the Mahabharatha. Since then it took so many forms and shapes to be an integral part of gaming. Recently, and especially post lockdown, there has been a huge shift in the Indian gaming industry. The improvement in infrastructure facilities, the increase in internet consumption by people and the exposure for a wide range of games opened the door for online gambling and betting. This has seen the evolution of several new games like online rummy, poker, cricket fantasy games, etc and given a chance to entrepreneurs across the world to expand their territory in the Indian market with the help of game outsourcing companies like RubixQ. But are all of them legal?

In July 2020, a 20-year-old parlour employee who makes tattoos had to hang himself for not being able to pay the 20,000 that he lost on a gaming app. This isn’t the first time such incidents happened. The addiction to gambling, be it offline or online, has the capability of ruining a person’s life and eventually after the debts mount upon them, it can lead to any drastic decisions like suicides. It is the reason why high courts across the states like Tamil Nadu, Karnataka, Maharashtra, decided to ban online gambling games proactively before the number of such incidents rises. In September 2020, Andhra Pradesh government declared online gambling to be illegal. Instead of banning them, it made such activities an offence and people can be prosecuted when caught playing. These moves are made in a manner to scare people from gambling than preventing them altogether.

The Indian gaming laws categorize games broadly into two types – the game of skill and the game of chances wherein the latter comes into the gambling. This is the reason why Google had to pull out Paytm from the play store a while back, for violating the gambling policies and being the games of chances, whereas apps like Dream 11 are considered as games of skill. The Central government has no jurisdiction for gambling, the legislation of betting and gamblings lies in the hands of state governments and most of them have an exemption for games of skill. Recently Maharashtra government went to the Supreme Court to redefine what a game of skill is and what a game of chance is, and where the fantasy games fall under. The supreme court took up this and asked for a detailed report on it. If it passes the rule in the favour of fantasy games, that industry blooms like never before. Otherwise, they have to shut down.

Also, there’s another discussion floating around for having caps on gambling like 100 or 200 a day and there’ll be a cap for winning too accordingly. When the winnings are huge like in lakhs, the cap can increase up to 5,000 – 10,000. But then, the argument here is for the category of taxation for these games. If the winnings are in lakhs, though the companies are paying GSTs, the tax paid by winners is considerably less. So, they are looking at increasing this to a higher rate of tax for these activities.

According to research, the gaming industry in India is almost worth $150billions and in the worst-case scenario, corporates involved in it would only want regulations, not bans. For example, horse racing bettings are regulated, casinos in Goa and Sikkim are regulated. There’s another angle to this whole debate – psychological impact. There was a case where a college student of age 23, got addicted to gambling and eventually caught stealing, lying, losing control to end gambling sessions, getting unreasonably angry, etc. According to health experts, gambling is a behavioural addiction and it has its side effects of eating into the regular areas of functions. It can result in anxiety, impulse control issues, anger management issues, etc. So, with mental health being at stake, the ban is justified.

In economics point of view, legalization of these games with nuanced regulations and reasonable taxations can be effective, as governments can then have control over those activities. Otherwise, gamblings can happen in any form or manner and hoard a lot of black money that go unnoticed. There are some international examples like the UK Gambling Act of 2005 where they have a licensing regime for the 4-5 game categories. However, considering the facts that the industry is still in a nascent stage and the huge number of players, it is a strenuous task for governments to regulate the game of chances.

These days with evolution of online platform, Malaysia Online Casino is increasing gaining fame of popularity and consequently is developing in numbers each day. There are presumed and notable Trusted Online Casino Malaysia offering an extraordinary determination of games and top quality gaming. The online gambling clubs are additionally known for offering extraordinary reward programs, first-class security, and day in and day out client service administration. These live gambling clubs hold permits conceded by an administration locale and the games offered at these gambling clubs are routinely tried for reasonableness and arbitrariness. Live gambling clubs are very welcoming and enticing yet there are sure factors that ought to be remembered by the bettors while choosing a live club. Be that as it may, the greatest concern should consistently be their wellbeing and security alongside the security of their cash. The greatest favorable position of playing in 918kiss Malaysia Online Casino is the adaptability and comfort, as players can play either in their work areas or on cell phones.On joining live gambling clubs, players are invited by warm and amicable vendors, who go with the players all through their playing meeting. Players can appreciate best and elite online club games and these agreeable vendors consistently stay at their administration whenever much the same as any land-based gambling club. Live gambling club having the best gaming zone to play has an ideal amalgamation of illustrations and sober-minded sounds that assist players with accepting that they are playing in the genuine club. Live gambling clubs that have been into business for quite a while should consistently be favored by the individuals; as such gambling clubs are generally dependable and reliable. There are many players who want perfect and secured gaming zone with high winning rewards. So, it’s acceptable to find a comfortable place to sit at our live club with a couple of other similarly invested individuals, and simply have a ton of fun! As live as it gets…Playing live at UW88 Casino is an exceptional online club understanding. Our top of the line club offers players the opportunity to play live blackjack, live roulette, and live baccarat with no download required to play – only a genuine gambling club understanding. Our club games are accessible live day in and day out, with a devoted helpline and online talk to give you completely far-reaching support at whatever point you need it. What’s more, remember you could guarantee your greeting rewards when you join! You would now be able to talk and play in the entirety of our live gambling club games! If you are experiencing difficulty whenever visit our now and again approached inquiries for any assistance you may require.UW88 casino is always considering theirs players’ satisfaction to priority this is the reason why all supporters in UW88 casino are always with players. They assist you, cheer you and provide you an idea of how to win the casino match without losing any money.If you are interested and really want to play in a casino that offering you all your requirement with solace of satisfaction, come and play at UW88 casino in Malaysia. All our games and rewards are waiting for you!

Online sports betting is probably the best option for those who are interesting in trying it for the first time. If you have never tried online sports betting, you are missing so much fun and excitement, and it can all happen in the comfortable surroundings of your home! The art of sports betting can seem confusing at first, but once you are familiar with some of the jargon that is used to explain the concepts and logic behind each type of bet, it is all much easier to understand.

One of the best ways for you to experience this engaging way to bet on your favourite racing and sporting events is to get acquainted with online sports betting. However, in order to best take advantage of all that sports betting has to offer, you need to know a little more about it.

Sports Betting – The Odds

How does online sports betting work? You should start by studying the odds for the sporting event you are most interested in placing a wager upon. When using online sports betting, you can find these odds in the various online sports books used by Internet gamers everywhere. You must open an account with an online sports book before you can place your bet, but this is simple to do.

Once you have chosen where you are going to do your sports betting, you need to decide how you are going to place your bet. There are many different ways for you to wager your chosen amount of money, but first, let’s talk about the spread and how it can affect the amount you bet.

Sports Betting – The Spread

The spread is a point advantage in sports betting, which is usually given to the team that is generally expected to lose a particular sporting event. If you decide that you will bet on the team that is expected to win, they will have to win by more than the spread number and cover the spread before you are considered to have chosen correctly. If you choose the team that is expected to lose, that team will have to lose by less than the spread number in order for your pick to be considered correct. If by chance the team wins by the number of points that were chosen as the spread, the game is called a push.

No one who engages in sports betting wins a thing if a game is called as a push, but you do get the amount of your original bet back. The point spread is done in order to make the all of the bets come out even for the sports book, and is usually done for sports such as basketball or football.

Sports Betting – The Bet

If you were to bet against the spread, most likely you would place a type of bet called an 11-10, or spread bet. By betting $11, you win $10 if your team’s score covers the spread. This is another way that the online sports book makes its money.

An over-under bet is also an 11-10 bet. With this type of bet, the total score of the two teams that played will be either over or under the total score that was listed before the game was played. Betting on the score being over is called ‘betting on the ball’. Betting on the score being under is called ‘betting on the clock’.

A proposition bet is a type of bet where the online sports book chooses what the odds and the conditions of the bet are going to be. This type of bet can be most interesting, even a little fun at times, for the conditions can be as unusual as which of two football teams will make the most touchdowns, which of two basketball teams will score the most three pointers, or even which individual player will make a certain move for the team. The odds for this kind of bet are sometimes 11-10, but can be better or worse depending on the circumstances.

A parlay bet happens when you are betting on more than one event, usually three. This type of bet gives you a much higher payout if you should win, but the catch is that all the events you bet on will have to win. If even one of them loses, they all lose, and you lose the amount that you bet.

A money line bet seems rather formidable, especially to someone who is just getting into online sports betting, but it is really one of the simplest bets of all. It is also called a Straight Up bet, and there is no point spread to consider. You will just choose your sport, and then the team you think will be either the underdog or the favourite. In a money line bet, the sports book will have numbers listed that are in the hundreds, with either a plus or a minus sign beside them. These numbers are considered the ‘money line’, and are the multipliers for the bets.

If the money line for your team is listed as 100, you will make an even bet. This means you will wager the same amount that you will get back. If the money line reads -110, then you must come up with the amount of money you have decided to bet, plus 10%. This extra 10% is known by the name of ‘juice’. If the money line for your team is listed as +110, then you simply place your bet with the amount you choose to bet. If you win a money line bet, you get the amount of your bet plus 10% back. For example, if you bet $10.00 and $1.00 in juice on a -110 money line and it wins, you get $21. 00.

A teaser bet in sports betting is actually a proposition bet that allows you to change the odds for the bet in either direction so that the wager is in your favour. You can go up or down in points, and must choose at least two teams, as is done in a parlay bet. You can have as many as 6 separate teams included on a teaser bet, but all of the teams chosen have to win in order for your bet to be declared a winning one. Once the games are over, the points from the teaser bet are added or subtracted from the final scores. The odds for teaser bets can be different each time, so it is a good plan to always check the sports book before placing your bet.

A tip to remember is that generally, when placing a wager on any sport that can finish with a high score, such as football, you will have a spread. Sports where the ending score is low, such as in baseball will have a money line. Remember also that favourable odds on a game can sometimes work in your favour. Online sports betting allows you to easily go from sports book to sports book to find the best odds.

Article Source: http://EzineArticles.com/2287076