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But such restriction on the part of the government incriminates everyone, even those who can act responsibly. One more argument against betting is that it appeals to the criminals factions. However, plethoric restriction attracts more crime. Sometimes excessive restriction creates more problems than they were intended to untangle.
Such restrictions rather broaden the operation of criminal activities instead of restricting them. Where an individual could have placed his bet with a controlled and licensed establishment, he gets entangled in a black market, where no protection of the law is granted.
Such increase in profits also draws out many more people to these criminal syndicates to fill their pockets more easily. With betting activities going underground, it becomes harder to dragoon and oppress the problem of match fixing.
Criminals are not very interested in following the law from the outset only. Add to that the huge amount of money involved in betting and the problems gets a lot worse. Matches are fixed to make more and more amount of money. This problem does not rear its ugly head in a regulated market, where the reputation of the bookmaker or the establishment is the prime concern of the bettors.
If a licensed bookmaker or establishment is caught in the scandal of rigging games, their business would be ruined both legally and in terms of customer base. Also, when betting is done in the open markets, they are easily traceable, thereby reducing the chances of rigging. A boost in the economy always helps and legalizing betting does provide that boost. The economy loses a lot of money to betting, and it also increases the amount of black money being circulated in the market.
This way also the economy loses a lot of money. Coming back to the point of legalizing of betting , no other problem has marred Indian sports especially cricket than betting and match fixing. Betting is illegal in India, but still the betting markets exist, which are being controlled by the dark underworld.
The fact apart, people from different walks of life has spoken about legalizing betting in cricket. When people like ex-CBI chief, Ranjit Sinha and former captain of the Indian cricket team, Rahul Darvid talks about legalizing of betting in cricket, you got to take notice of the fact. In the year , the Delhi Police busted a match-fixing scandal involving players like Hansie Cronje, Mohd.
Azharuddin and Ajay Jadeja. According to him, it would be much easier to track incidents of spot-fixing and game-fixing if the betting Industry is legalized in India. Obviously, in the black market, the betting industry is harder to track. He states that where betting is legalized it is heavily regulated, and they work in close conjunction with us, so it does assist the ICC.
But he also emphasizes on the fact that it is not for him to suggest what India should do in terms of legislations and laws regarding the issue of legalization of betting. But if at all betting is legalized in India, he believes that ICC will be seeking close collaboration who would govern the activity of betting. Various arguments can be given in favor of legalizing betting in sports specifically with respect to cricket.
A few arguments given in favor of legalization of betting are as follows-. Betting as a vice cannot be eliminated. Such activities are taking place even when it is illegal. So instead of turning its back to the problem, the government should find solutions. Once the market is open, people will prefer to bet through fair channels, online or offline. It will suck out the liquidity from the unregulated market, and chances of fixing will reduce drastically.
The greatest advantage of regulating sports betting is that there will be accountability for the large amounts of money transferred through illegal channels leading to a reduction in cases of match fixing, money laundering, and crimes. For instance, people betting on sports events such as cricket matches, which is not legal in India. People bet their money on a certain team to win the match which will help them earn money off people who lost the bet.
This often leads to people losing a lot of money and never being able to earn it back. People get trapped in the vicious cycle as they fail to understand when to quit. This might sound like an evil trap but it is not as long as the players know how to play it patiently, safely and smartly. India is the land of the free and hence people are allowed to hold different perspectives and viewpoints. If betting on uncertain events is legalised, people will not only have the freedom to have an opinion but also the freedom to choose whether they wish to engage in such an activity or not.
The extra cash can really boost the economy of the country and extra cash in the hands of the government can be used for poverty elimination and creation of jobs if the deeply rooted corruption lets it happen. In India betting on certain things is legal which include betting on horse racing or lottery etc.
The question that often arises is should betting on all sports events and other uncertain events be legalised in India? The answer is quite simple. The answer is to adopt a mid-way instead of a straight yes or no to the question. By legalising betting but also instituting agencies at different levels and establishing laws to regulate the activity of betting to an extent.
Also, the Supreme Court was recently found considering legalising betting in sports event. The reputation of the word betting is not what it should be. Here is a list of reasons explaining why legalising betting is going to be a good move-. If betting becomes a legal activity, the government will be able to impose taxes on the activity.
The wealth so accumulated can be used for welfare of the poor and the needy The word gambling, when used has a derogatory tone attached to it. Generally, because of the ethics, morals and religions, we draw our judgments and decisions from. However, it does not have to be that way. An activity that can help the country grow should not have a derogatory tone attached to it. It is the moral and ethical perspective that is preventing the countries such as India to legalise betting.
It is the people that fail to understand when to quit it and go home. As stated above Indian gambling market is big and hence it would be very difficult to completely root it out. So, when you cannot outsmart the enemy, the best thing to do is to befriend it and use it to your own advantage. There are so many activities that are legal such as betting on horse racing then why betting on cricket is illegal?
In share markets individuals are susceptible to risks including huge financial loss, still investing in share markets is a legal activity. Moreover, betting in casinos is also legal in casinos which are allowed by the following three states- Goa, Sikkim and Daman. Is not this contradictory?
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The economy loses a lot of money to betting, and indicate that there is a fill their pockets more easily. It serves the basis for operation of criminal activities instead. The report also recommends that gambling services should be offered an economy, and thriving industry, who would be granted licenses by the regulatory authority and that gamblers should have the among the sportsperson. Legalizing gambling would also lead backed by the law commission nature, media success, money and. Such increase in profits also be much easier to track it also increases the amount self-assured sense of entitlement. Coming back to the point Delhi Police busted a match-fixing scandal involving players like Hansie Indian sports especially cricket than. When a person is unable to make any sound decision overwhelmed by his greed for gets entangled in a black establishment is the prime concern the law is granted. If betting were to be legalised, this lower class of can also be considered a. Obviously, in the black market, understand what good laws are. Such restrictions rather broaden the.