*Cricket is the most popular sport to bet on in India more than football, rugby and many more. The popularity of cricket in India is unbeatable.
*Women players are more in online betting than men ever since online betting is introduced. The land-based casinos are more dominated by men while online cricket betting tips sites are dominated by men.
*It is easier to cheat in land-based casinos than on online casinos. The modern socket layer technology protects the data in such a way that it is impossible to hack and cheat the dealers.
* Land-based betting is strictly forbidden while online betting is neither allowed nor forbidden. The government of India has not made any specific rules for online betting.
*In India every state has its guidelines for online betting. Sikkim is the most favourable state for these practices.
*Online betting help to trace terror funding. The government of India can locate and trace terrorists using anonymously transfer funds needed to sustain legal activity.
*40% of Indian internet-based users have tried their hands in online casinos.
*Land based betting is not as much lucrative as online betting. Bonuses and offers in online betting are much more.
*In countries like the UK, Canada, Australia etc online betting is completely legal and no tax is charged on online betting earnings.
Cryptocurrencies valid for trading in online cricket
Using cryptocurrencies for online cricket betting tips is very easy in India as it is available to every player easily. cryptocurrencies is both cheap and legal. Anyone can buy cryptocurrencies and deposit them on their betting sites.
How to use cryptocurrencies for online betting?
*Firstly, buy some cryptocurrencies. Unocoin.com, bitbns.com are a popular crypto exchange in India.
TIP— make sure you buy only the famous crypto such as Bitcoin, Ethereum, Tron etc.
*Choose a website that accepts crypto and deposit them.
*Now start your betting with cryptocurrencies. You can also football, horse racing etc with crypto.
Taxes on income on online bets in India
Section 155BB of the Income-tax Act explains the amount of income tax to be levied on income generated through online betting. The tax rate is flat 30% on the winning amount and 31.2% is the net rate with cess included.
Benefits like home loans rebates, house rent allowances etc, detailed under the Income-tax Act cannot be used because there is no exemption on income generated through online betting.
Players must file their earnings as tax deducted at the source when filing his/her annual taxes.
NOTE- At the time of filing the taxes in India, it is compulsory to show the income generated through online betting.
Cricket predictions on our site are always helpful to get an idea of who will win the game and how each team will fare at key points of success. Our Cricadium Cricket expert team is selected based on industry and analytical knowledge. They can give a clear picture of match prediction and possible scenarios for the future.
Our predictions are written by professional cricket writers. Our goal is to provide 100% accurate and free cricket game predictions and tips for all cricket leagues.
In trial games, you have a third option to bet on. If you place a bet on the match or series winner in a limited format, you must predict which team will win the game or series. In this type of betting market, where punters like to punt, you also need to predict accurately which teams that open a batsman will score more points than the number of runs between them in the game.
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