With fantasy sports considered a game of skill rather than gambling, Indian courts have ruled in favor of online fantasy platforms, paving the way for nationwide acceptance and popularity.
Much has been said about the size of the Indian betting market, whether online or underground. It's in the billions, to say the least, as gamblers find ways to satisfy their appetite for betting - whether "directly" on sports or through games. fantastic. But what hasn't been discussed much is the psychology of these Indian bettors - how do they approach the whole realm of online gambling? What do they like and dislike? In this article we try to shed some light on the subject.
One Thing is For Sure, India Loves to Gamble
A YouGov survey on global gambling attitudes found that up to 25% of adults in India agree with the statement "I really enjoy gambling". on the lack of clarity on the legal status of online sports betting and online gambling.
Within this, another subgroup emerges: among Indian adults who enjoy gambling, 29 percent are intrigued by the idea of making money from fantasy sports.
When we think about it, it's not a big surprise. The fantasy sports segment in India has grown exponentially in recent years, with platforms like Dream11 and others having somewhat replaced traditional betting models. Another thing that has helped them a lot is their legal acceptance by the Indian legal system.
Since fantasy sports are considered a game of skill and not a game of chance, Indian courts have ruled in favor of online fantasy sports platforms, paving the way for acceptance and popularity across the country.
The Basic Reasoning Behind Gambling
It would be an understatement to say that online betting in India is primarily shaped by cultural perception. More often than not, the negative connotations associated with sports betting give it a bad reputation. Some of them include:
* Unregulated cash flows
* Tax revenue lost to the government
* Corruption in sports
* Financial consequences for players
* Gambling addiction and the consequent psychological consequences
However, what drives people to bet in India is to get the most out of the sport. A majority of sports enthusiasts believe that the essence of real-money gaming is to get closer to an immersive and holistic multimedia and sports experience. In other words, those who exercise want to get the most out of it, and if they make money doing it, that's an acceptable outcome. So, some go the fantasy sports route, while others stick to traditional betting.
Either way, people want to use their sports knowledge and analytical skills to make money, even though Indian laws make a sharp distinction between skill and gambling. But there are a few other reasons Indian punters love to gamble. Of course, at the top of the list is thrill or risk taking - the adrenaline rush you get from placing a bet, which can sometimes also lead to higher risks, higher stakes and potentially losses. more important.
India's emerging gambling market is commercially promising, but it also offers an exciting insight into how the market works. While people love to gamble online, there is a growing user base of those who prefer fantasy platforms over traditional betting options. However, the psyche behind them is quite similar, from excitement to leveraging sports knowledge to make money or finding emotional respite in space. But the lack of regulation at the moment still means that many are open to the pitfalls of gambling addiction – regulating this market will no doubt go a long way in protecting the interests of users.
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