Online betting 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 online with Indian Rupees. 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 – Bookmakers Accepting Rupees Directly
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. There are now three reputable sites that allow deposit and withdraw in INR.
Best Deposit Options Using Rupees
Ewallets – Skrill, Neteller, Entropay
I prefer to use ewallets when betting from India. Credit cards are another option, but I tend to have trouble using them, so I opened an ewallet account and haven’t had a problem since. My Favorite Ewallet is Neteller.
Ewallets are a great option for several reasons:
- Dependability: I have had a 100% success rate since using ewallets. Other options are not as reliable.
- Privacy: When I make a deposit from my bank account to my ewallet, it will show up as a transaction with that ewallet 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 betting sites.
There are two main drawbacks to using ewallets:
- 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 ewallet 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 ewallet with your bank. Fees range from 1-2%. However, you should not experience any fees transferring from your ewallet and bookmaker. I would personally stay away from Entropay as their fees tend to be higher.
Bankwires can be hit or miss, and fees tend to be higher than ewallets. Also, you don’t have the same privacy as with ewallets 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 online 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 bookmakers that don’t accept Indian Rupees directly, I typically deal in GBP(£) or USD($) depending upon the exchange rates. Here again, this is why I prefer to use ewallets as they typically offer favorable exchange rates over other methods. This allows me to deposit with other currencies or INR, giving me the most betting options to find favorable odds. When you withdraw using the ewallet, you can exchange the currency back to Rupees then deposit them into your bank account whenever you need them.