Depositing at Betting Sites from India
How to Deposit Money in India – If you’ve read other pages of our website, you’re probably well aware many European and international betting sites allow Indians to register an account and bet online. This includes Betway, which accepts deposits in rupees, withdrawals in rupees, and even takes online bets on cricket, horse racing, and other sports in rupees. We have nominated them as the best betting site in India.
However, many of these websites don’t give proper instructions on how Indian players can deposit money in betting sites once their account is set up. Therefore, we have created this guide to help you with the process. These are different types of betting tips than the ones you are used to.
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Depositing with Rupees
It wasn’t long ago that Bet365 was the only trusted site that accepted INR. Thankfully, a few more have added the option which is great for those looking to bet with Indian Rupees.
Bet365 Review – Offers a great selection of options to deposit money in Bet365, as well as quality software and support. Offers sports, casino and poker betting.
Betway Review – Similar to Bet365 in being an all around betting site with a great offering of betting and deposit options.
You may be able to deposit in INR using credit cards, the success rate and dependability is not very high with this method. That is why we recommend using e-wallets. We will explain more about those below.
How to Deposit Money at Licensed Online Bookies
Credit cards are the easiest way to deposit when available. However, Indian credit cards typically have a low success rate due to banking restrictions. I can tell you from experience with most online betting sites – don’t bother with credit cards, they have been extremely frustrating for me when trying to deposit money in betting sites from India.
The good news is you can still use your credit card with a near 100% success rate if you use an e-wallet. See our section below for more details.
E-Wallets Are The Best Option for India
The best way to deposit with an online betting site from India is an e-wallet account. An e-wallet works much like an online bank account. You can fund your e-wallet using a credit card, bank transfer, or e-check. Generally loading from your credit card is instant, where loading from your bank account (e-check) takes a few days. Once the funds are in your account, you can use them to add money at betting sites.
Another nice feature is most online gambling sites also offer the option to have winnings paid to an e-wallet. This means you can use one banking option for both depositing and withdrawing.
How E-wallets Work
When compared to traditional payment methods, NETELLER is a more convenient and fast option. It allows you to transfer money in all major currencies – this includes INR. The e-wallet offers players a range of benefits. Some of these are benefits and rewards, special promotions and offers for VIP players and services that allows you to transfer money in a secure way. See our page on Opening an Indian Neteller account.
Skrill has been facilitating easy transfer of money online since 2001. Skrill is one of the largest online money transfer service providers in the world. It allows you to transfer money instantly. So, you will have access to provisions for funding your bankroll at all times. See our page on Opening an Indian Skrill account.
Note: E-wallets are accepted at almost all online gambling sites. Our favorite site is Betway because they offer the widest coverage of sports, including live streams of Indian Premier League (IPL) Cricket, as well as great odds on horse racing and English Premier League football. Betway also accept deposits and issues withdrawals in Indian Currency (Rupee — INR). To learn more, read our Betway India review.
Pre-paid Debit Cards
Pre-paid debit cards are a great way for Indian players to deposit who want the convenience of a credit/debit card and don’t want to use e-wallets. There is an extra step involved where the player will need to buy the pre-paid card and load it with money before depositing, but once this is done, it works very much like a regular debit/credit card. Learn more about online betting with prepaid cards.
Recapping the Best Methods
Again, the methods of deposit we most recommend for sports bettors from India are Neteller and Skrill. Using either, you’ll be able to save on currency conversion fees, as you can set your account currency to Indian Rupee – INR. You can then choose Betway as your preferred online bookmaker. Remember Betway takes bets, deposits, and issues withdrawals in rupees as well. The money saved in currency conversion and banking fees greatly increases your overall probability of winning long term.
For information on cashing out from cricket betting sites, see how do gambling sites pay winners?
Frequently Asked Questions
Typically, it is a credit card. But for Indian online betting players, e-wallets are the preferred deposit method.
You will need a bank account or a credit card to deposit money into an e-wallet, or load a pre-paid card. However, you can use those methods to deposit directly to your betting account.
For most deposit methods, it might take a day to process and get into your betting account. However, for bank transfers, it can take a few days.
It can take 12-24 hours with Neteller or Skrill, 1-5 days for credit cards, and 2-10 days for bank transfers.
PayPal is not among the Bet365 deposit methods.
It can take up to 24 hours to verify your Neteller account.
It also can take 24 hours to verify your Skrill account. Then, you can make a Bet365 deposit in Indian rupees.