Sports’ betting is a very interesting and dynamic segment of sports. Currently in India, betting on horse races is only allowed and legalized. However, in recent days the Law Commission of India has submitted a recommendation to legalize betting on other sports in India. While India has progressed in technology and development, sports betting still remain an unlawful activity in our country. India has a rich culture in sports betting tracing its roots from the mythological ages, hence Indian lawmakers have made conscious efforts in allowing the legalization of sports betting within the decided guidelines. The Law Commission has also limited the number of transactions a person can perform within a given duration of time which can be monthly, yearly or half-yearly so that people are not burdened with a gambling debt. The Commission also suggested to clearly identifying the nature of betting and clearly classifying them into two sections namely: proper gambling and small gambling. There are so many platforms where you can take part in sports betting but the best platform is sbobet88 bola which will give you good number of sports to bet upon. The following sections discuss the trend of sports betting activities in other countries.
Betting in the United Kingdom
UK’s association with gambling and gaming predictions dates back to mid 19th century when the Gaming Act was passed in 1845 legalizing the betting on the results of horse races. The United Kingdom has emerged as a pioneer in the sports betting industry as they have developed and implemented the most advanced rules in the gaming community worldwide. While betting is legal and licensed in the UK, the minimum age for performing these activities would be 18 years and above. Gambling in the UK is considered one of the trusted and safest options as the UK Commission for Gambling regulates and monitors all the sports betting activities which are performed online. It is also interesting to note that some renowned forms of currencies like Bitcoin, British Pound, and US dollars are also accepted as some of the monetary forms of betting. As Bitcoin is considered to be one of the fastest ways to deposit the funds, there has been a rage in the purchase of Bitcoin. Most of the online websites accept Bitcoin as it uses Blockchain technology to hide the user’s credentials keeping him anonymous and also keeps the betting deposits safe. Cheques, MasterCard, VISA, NETELLER, and PayPal are also some of the payment methods used for funding an account during betting.
Betting in Nigeria
Latest digital trends in technology have made betting business to be a more lucrative option of earning a second income in recent days. Online frauds and moderate speed of internet have posed a threat to the safety of deposits in the account. However, the betting scenario has changed with a drastic increase in the number of mobile users and improved internet connectivity in those geographical locations. You can find more information about sports betting on the internet.
Consistent efforts can be made by the Law Commission to legalize sports betting in India. Tracing its origin back to the days of Ramayan and Mahabharat era, gambling has always been one of the most intriguing traits of every human. Gambling is an art and when performed within a guided set of instructions, can help to protect the rights of residents living in India.