Betway: A reliable source of free bets
Up to ₹2,500
Betway offers all existing customers to participate in the Free Bet Club which gives all players a chance to receive free bets on a regular basis. Betway serves their Indian players very well and allows deposits to be made in rupees.
HOW TO DEPOSIT MONEY TO AN ONLINE BETTING SITE IN INDIA
So now that you have set up your betting account, it’s time to deposit some money so you can start playing. There are numerous ways to do this, but the safest, fastest and best option is to use an eWallet because most betting sites accept these. Follow these 3 simple steps to get money into your betting account:
- Create an eWallet account at Neteller or Skrill.
- Deposit money into this account using either Federal Bank or ICICI Bank.
- Transfer that money from your eWallet to your betting account.
There you have it. The easiest deposit option for most Indian players. However, in some cases, this may not be the best option for you. Maybe you don’t have access to use a bank account. Fortunately, ther eare plenty of other options as well. If you don’t have a bank account, the best option is to use a prepaid card:
- Buy an AstroPay card or a Neosurf card from an online retailer.
- Pay for your card using either cash, mobile money or local bank transfer.
- Use your new prepaid card to deposit money into your betting site of choice.
These are some of the most common ways to deposit money into a betting site. Many bookmakers have way more options that you can use for depositing money. Some accept local bank transfers in India, most sites accept credit/debit cards and some even accept mobile money.
The most popular option is to use an eWallet because it is fast, secure and it allows you to be anonymous. The most common ones are Neteller and Skrill like mentioned above, but PayPalis also used by plenty of online betting sites.
Neteller and Skrill are often used by betting sites because it is easy to use and comes with low transaction fees. Both eWallet solutions are part of the Paysafe group, which make them very trustworthy and reliable companies. Others may prefer to use PayPal, but not all betting sites offer this solution, so be sure to check with your preferred bookmaker beforehand.
Please click here to read more about payment methods. If you have issues or questions about funding your account, do not hesitate to contact us or the bookmaker in question. We will gladly help you solve the problem of funding your new account.
Which betting site in India has the best deposit options?
We have received a lot of questions from our readers about which betting site is the best and easiest to deposit money into. Many Indian banks will not transfer money overseas, especially not to gambling sites, so it is really crucial that you choose a betting site with deposit methods that work for you.
Fortunately, many betting sites are aware of the problems facing Indian players and have made many accommodations to try and find solutions that could help those of us who want to gamble in India. One of the betting sites with the highest number of different deposit options is 22Bet. There are literally almost a hundred different ways to deposit money onto this betting site.
22Bet allows you to deposit money not only by bank transfer but also by credit card, e-wallet such as Skrill or Neteller and even prepaid cards. The option of using a prepaid card is a great solution because it’s something everyone can do. Every Indian player can get their hands on a prepaid card, and it’s really not that difficult.
How do I get a prepaid card in India?
There are many different types of prepaid cards available in India, but the two best ones for online betting are AstroPay card and Neosurf card. These two cards will allow you to deposit money into the betting sites that accept them. For example, Royal Panda accepts AstroPay card but not Neosurf card, whereas 22Bet accepts both AstroPay card and Neosurf card. Hopefully, more betting sites in India will start to accept these prepaid cards in the future, but until then we will just have to be happy that at least some of the betting sites accept them.
Both AstroPay cards and Neosurf cards are easy to obtain. They can be bought through online retailers and you can pay in either card, bank transfer or even mobile money. After you have made your purchase, you will get a digital card with money on which can be used to deposit money into a betting site. It’s simple, easy and it works for all Indian players. If none of the other deposit methods work for you, we highly recommend that you get a prepaid card.
How do I withdraw money from a betting site?
Withdrawing money from a betting site in India can seem like a daunting task. Many readers have asked us how they actually get the profits from their gambling into their bank account. Fortunately, the best betting sites all make it fairly simple and easy to withdraw money.
If you are having difficulties withdrawing money from a betting site in India, it’s probably not a good betting site, but more of a scam than anything else. The withdrawing procedure should be transparent and easy to understand. All the betting sites listed here on Mybetting live up to some very strict demands and we never recommend any betting sites that don’t make it easy to withdraw money.
All the betting sites here on Mybetting offer secure and easy withdrawal options for Indian players!
Most betting sites have a procedure where you need to make a withdrawal request. Then your withdrawal request is typically handled within 24 hours. This can seem like a bit of a hassle, but it’s actually just a security measure. All betting sites are regulated by some form of government authority which demands that they must keep track of where the money comes and goes. This is in order to reduce money laundering and fraud.
Most betting sites offer the two standard options of withdrawal which are bank transfer and credit/debit card. If those don’t work for you, you typically also have the option to withdraw money into an e-wallet like Neteller, Skrill or even Paypal. Many gambling sites also allow you to withdraw money to a prepaid card like an AstroPay card or a Neosurf card if you have something like that.
Before you make your first deposit to a betting site, make sure the withdrawal process is transparent and straightforward. It’s good to be one step ahead. If you don’t feel comfortable about the withdrawal procedure, simply go and look for a different betting site.
100% Up To ₹10,000 + 22 Bet Points
Bet has almost a hundred different ways to deposit and withdraw money which makes it easy and convenient for players to feel secure when transferring money to and from this betting site. They are especially good for Indian players who may not have a bank account, as they also allow deposits in prepaid cards.
IS ONLINE GAMBLING LEGAL IN INDIA
The legal situation of gambling in India is a bit of a disputed topic but through our research and interviews with top legal experts in India, we have established that online gambling in India is not an illegal activity. Certainly, no one has ever been prosecuted or convicted for online gambling.
”If an Indian resident decides to place bets on a website hosted outside the country, it would be nearly impossible to hold him guilty of online gambling, if the laws of the country where the website is hosted, permits online gambling,” – Vikrant Pachnanda, New Delhi High Court Attorney.
Fortunately, most online gambling providers are not operating on Indian soil. In fact, most of them are headquartered licensed in jurisdictions across Europe. This provides us players with an opportunity to gamble, that we can use without fear of breaking any laws.
It has even been discussed in the media recently, that there is full legalization of gambling underway in India. Betting should be legalized according to the Law Commission, who recently published a 145-page report that recommends legalization of gambling under government regulation. It seems like the government is starting to realize that online gambling could be a very profitable business for them as well.
We have written a very in-depth article about the legal situation of gambling in India, where we post transcripts from our interview with one of the top legal experts on gambling in India. You can read the article here.
We will, of course, give you more information as this story evolves. You can always check back here on Mybetting for the latest news about betting in India.