Online betting is quickly coming up, close to becoming one of the biggest entertainment industries in India. With more and more real-money gaming apps, or fantasy gaming platforms taking the country by storm, most Indians have now played on one app or the other, hoping to earn some extra bucks while also having fun!
With the IPL 2021 now set to return later in the year, the sports betting industry will again undergo a significant boost in the number of users. As per research, the online betting industry of India, which still functions without regulation by the government, is projected to be worth $531 million by 2025.
5 Things to keep in mind when you bet online
While there is a lot to look forward to within the gaming industry of India, there are a few things that every user should keep in mind, to make sure that they can protect their interests while still having fun on betting sites and gaming apps. In this article, we will go through 5 things that you must keep in mind when you bet online!
Choose the Right Betting Site
Perhaps the most important tip we can give you is to check the credibility and reputation of the betting site or app you choose to play on. Since there is so much demand in the online betting market, there is a significant influx of new apps and betting websites. But these may not always be safe.
Instead, try and use more of the popular betting sites such as Betway, to make sure to keep yourself safe from scams or data leaks.
Select the Right Payment Method
Most gaming apps have now begun to accept more than just the traditional Skrill and Neteller, meaning that users have more control over how they pay or withdraw than ever before.
When it comes to choosing the right payment methods, we usually recommend using something simple, quick, and reliable like UPI or Indian e-wallets such as Paytm, PhonePe, or Google Pay.
Play the Right Game
You should always put your money where your skill is. That means that instead of randomly playing any and all online gaming apps that earn you money, you should focus on games that you are good at.
So if you’re good at rummy, try playing on rummy apps online. But if you’re more of a cricket fan, then maybe sports betting is a better option for you!
Set a Betting Budget
A mistake that many people make is to not set a gaming budget for themselves. Like any other hobby or interest, online gaming or betting can end up taking too much of your time or money.
To avoid that unfortunate situation, it’s just better to set a monthly or weekly budget for yourself. You should only ever play with money you can afford to lose.
Know When to Stop
Most people are already aware of the dangers of gambling. But if done correctly, gambling or betting online can be a fun and rather safe activity.
But to keep yourself from the lure of placing one more bet to recover your losses, you should know when to stop. Always know that with online gaming, sometimes you can lose. But for every loss, there’s another win waiting for you!
So pace yourself and play responsibly!