Withdrawal Methods from Cricket Betting Sites in India
Learn about cricket betting and withdrawals after you win. Find out how to withdraw your money: using which methods, on which sites, and at what speed. Find out about the most honest bookmakers currently available in India.
Withdrawal Methods from Cricket Betting Sites
Cricket betting is the most popular form of sports betting in India. Despite the fact that the sport was brought here relatively recently - in the 18th century, it already gained extensive popularity in the 19th century. Today, cricket is the national sport in India.
In order to place a bet on cricket, you need to go through a few steps. First, you find a bookmaker that suits you, register on the website or in the app, followed by account verification, deposit, the bet itself, and withdrawal. Cashing out is one of the most important processes in this list, as players choose bookmakers based on withdrawal methods and speed, and need to be sure that the sportsbook will not cheat and will allow withdrawing money in a convenient way for the player.
That's why today we will talk about withdrawals from your current account on the cricket betting site.
Withdrawal Preferences of Indian Players
Residents of India most often use such methods of withdrawal from the account as:
- Mastercard and Visa bank cards;
- Indian Netbanking;
- Google Pay;
- PayPal, and etc.
Fast Withdrawal Cricket Betting Sites in India
The factor of popularity of funds is extremely important, but Indians often pay attention to the speed of withdrawal of funds from cricket betting sites. The speed depends on the withdrawal method chosen. Most sites try to adjust to these preferences, but not all of them do it consistently. The fastest withdrawal speeds are the following cricket betting sites:
Parimatch, apart from offering its services worldwide, offers its clients a huge selection of bets and withdrawal methods, is one of the fastest bookmakers in the field of withdrawal.
You can use the following withdrawal methods on the site:
- Visa, and etc.
Melbet is a very popular bookmaker in India. Here you will find the most attractive withdrawal methods for users residing in India.
- Much Better;
- Webmoney, and etc.
Another extremely popular sportsbook not only in India but also in the world. On the Betway website you can use the following types of withdrawals from your current account:
- Net Banking;
- Google Pay;
- Neosurf, and etc.
100% Safe Cricket Betting Sites
The speed and number of withdrawal methods are very important, but there is something much more important. The most important factor in choosing a bookmaker is the safety of your funds and the ability to withdraw them. Below is a list of several honest bookmakers who offer their services in India:
Betway is a global bookmaker that is annually recognized by users as one of the most trusted cricket betting sites in India. Betway operates under MGA license number MGA/B2C/130/2006. The bookmaker also has its own rules, which spell out everything you can't do.
Melbet has been on the sports betting scene since 2012, but it is already considered the most popular bookmaker in India. The bookmaker was able to make such a leap thanks to the trust of its users. Melbet operates under Curacao license No. 5536 / JAZ.
As well Betway is an extremely popular global bookmaker, which exists since 1994 and earned its reputation by slow but sure steps. Parimatch operates under Curacao License No. 1668/JAZ.
Another sportsbook that has been in the sports betting business since 2012. You can't call it popular, but this bookmaker is 100% honest with its users. Casumo is based on MGA/CRP/217/2012 License and the rules clearly describe its requirements for players.
A young bookmaker who has put a lot of effort into becoming a good cricket bookmaker. And it has succeeded. 10Cric is distinguished by the strictness of the rules and their observance. The bookmaker's team is constantly monitoring for violations. 10Cric operates under license No. 1668/JAZ issued by the Curacao Gaming Commission.
To withdraw your winnings from cricket betting, you need to do a few things. They are slightly different for each bookmaker, but we have managed to create a generalized step-by-step process:
1. Login to your account. Find the login button for your account. Click it and enter the required information;
2. Click "Withdraw funds". You have to click on the withdrawal sign and choose "Withdraw funds". You will be redirected to the page with withdrawal methods;
3. Choose the withdrawal method that suits your needs. You can check them all on the website;
4. Withdraw your winnings. After selecting the withdrawal method, a form with some data will pop up. They depend on the withdrawal option chosen. Enter the amount of withdrawal;
5. Confirm the payment. Again, each of the methods requires different confirmation.
Impossibility to Withdraw Funds
It happens that you can not withdraw your winnings. This situation may occur in some cases. To avoid this, we advise you to check whether your account is verified. If not, you should do it, otherwise, you won't be able to withdraw your winnings.
You may also not be able to withdraw if you made the first deposit and received a welcome bonus. Bookmakers always put forward their own rules for wagering bonus funds. (For example: if you made a deposit of 5000 rupees and you got a bonus of 5000, ie 100% of your deposit, then you have to wager the bonus 3 times the odds of 1.4 or higher or multiply the bonus by 5 times).
Bettors from India are often concerned about the legality of online betting and the withdrawal of funds from accounts on bookmaker sites. Now let's look into this issue.
Many people know that the law regulating sports betting is The Public Gambling Act of 1867. It prohibits the conduct and attendance of any gambling establishments in India. However, in the law itself, you won't find a word about the fact that citizens of India are forbidden to bet with the help of online bookmakers, as you don't visit any establishments.
As for the bookmakers themselves, it is true that online gambling platforms cannot be set up in the country, but most bookmakers that now operate in India are based in offshore zones that are outside of the state's borders. This means that they are not subject to Indian laws due to the fact that their online platforms are located in other countries.
So, in terms of the law, everything is legal. You can bet on cricket without any unpleasant consequences for you. Moreover, not a single Indian has ever been prosecuted and persecuted by the law for betting on sports online.
However, please keep in mind that India has an Income Tax Act of 1961 which imposes a 30% tax on winnings from any gambling activity. Follow this law and you will be able to bet on sports without any problems.
What is the minimum withdrawal amount from cricket betting sites in India?
For the most part, the minimum amount depends on the bookmaker you choose and the withdrawal method you use. Usually the minimum you are allowed to withdraw is between 400 and 100 Indian rupees.
What is the maximum withdrawal amount from cricket betting sites in India?
The largest amount of funds is usually not available. Bookmakers do not stipulate this, because in most cases the maximum amount depends on the method of withdrawal. I.e., let's say if you use a bank card, then the withdrawal amount will depend on the permission of the bank.
How to understand which site will allow you to withdraw money?
It is very difficult to know whether you will be cheated or not. To avoid such situations, we advise you to use trusted sites and avoid no-names.