Betting on the internet continues to rise in popularity in India. The most popular is sports betting on cricket and horse racing events. Betting online from India can be challenging, prompting bettors to ask many questions. One of the most popular questions involves how to bet with Indian Rupees online. This guide should clear up any questions you have including information on Bookmakers that allow you to deposit and withdraw using Rupees, recommended deposit options and helpful tips for Indian punters.
Rupee Betting Sites – How To Bet with Indian Rupees Online
As an Indian player, I prefer to deposit and withdraw using Indian Rupees. I am familiar enough with British Pounds, so that it isn’t much of a problem if I cannot, but my first choice is to look for betting sites that take Rupees directly. Here are a few reputable sites that allow deposit and withdraw in INR.
Restrictions for all offers may apply, see terms and conditions for details. Must be 18 years or older. Gamble responsibly.
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Best Deposit Options Using Rupees
E-wallets – Skrill, Neteller, Entropay
I prefer to use e-wallets when betting from India. Credit cards are another option, but I tend to have trouble using them, so I opened an e-wallet account and haven’t had a problem since. My Favorite E-wallet is Neteller.
E-wallets are a great option for several reasons:
- Dependability: I have had a 100% success rate since using e-wallets. Other options are not as reliable.
- Privacy: When I make a deposit from my bank account to my e-wallet, it will show up as a transaction with that e-wallet only. It will not show as being a transaction with the bookmaker.
- Flexibility: Some bookmakers have better success rates with credit cards and other methods, but I can use either my Skrill or Neteller account at nearly all Indian sports wagering sites.
There are two main drawbacks to using e-wallets:
- Initial Setup: Your initial deposit takes a little bit of time, filling out the application, making your first transaction from your bank account, and then finally making the transfer from the e-wallet to your preferred bookmaker. However, after the initial set up, depositing is a breeze. It is well worth it and you will likely save time in the long run rather than having to hassle with unreliable alternatives.
- Fees: There are fees associated with making transfers to and from your e-wallet with your bank. Fees range from 1-2%. However, you should not experience any fees transferring from your e-wallet and bookmaker. I would personally stay away from Entropay as their fees tend to be higher.
Bank wires can be hit or miss, and fees tend to be higher than e-wallets. Also, you don’t have the same privacy as with e-wallets as the transaction might show the name of the bookmaker on your statements. This method can also take up to a few days to complete.
Credit Cards – Visa, MasterCard
If credit cards were more dependable, they would be at the top of the list. In nearly all cases, there are no fees for using the credit card. It is as fast and convenient as making any other internet purchase. However, as we mentioned before, they are highly unreliable when depositing from India, which can be extremely frustrating, especially if there is a last minute bet you want to place and you can’t make a deposit.
How to Bet on Sites that Don’t Accept INR
For bookies that don’t allow you to bet with Indian Rupees online directly, I typically deal in USD($) or GBP(£) depending upon the exchange rates. Here again, this is why I prefer to use e-wallets as they typically offer favorable exchange rates over other methods. This allows me to deposit with other currencies or INR, giving me the most options to find favorable odds. When you withdraw using the e-wallet, you can exchange the currency back to Rupees then deposit them into your bank account whenever you need them.