Digital Payment Options To Result In Massive Spike In 2021 IPL Betting
The Board of Control for Cricket in India (BCCI) is the richest cricketing body in international cricket as cricket is the biggest and most popular sport in India. Sportsbooks catering to the Indian market have been kept busy during the last couple of months, with India vs. England test, T20 series, and ODI series taking place.
IPL Betting To Commence On April 9
However, all of the cricket betting action will pale compared to the next couple of months as the Indian Premier League (IPL) is expected to start on April 9 and finish on May 30. The IPL is the richest domestic T20 league in world cricket and has a massive fan following in India and around the world.
The IPL will see a total of 8 IPL franchises battle it out for a total of 6 weeks, with matches taking place just about every day. IPL fans will have no shortage of betting action as many Indian facing sportsbooks offer a wide range of IPL betting options. All top sportsbooks are preparing for a surge in IPL betting action and offer new players exciting welcome bonuses and old players special promotions to get them to bet on IPL games.
There are many reasons why the 2021 IPL season will see a massive spike in IPL bets. The 2020 IPL did not occur in India due to COVID-19 and was held in the United Arab Emirates. The 2021 IPL will take place in India and be held in six locations. The interest in the IPL will definitely be home as it is back on home soil.
Digital Payments Boost IPL Bets
One of the most important reasons why IPL betting will increase this season is that all of the top sportsbooks have multiple digital banking methods on offer to make deposits and withdrawals easily. Given that India has switched over to digital payments after the demonization drive in 2016, Indian punters in urban and rural areas are now familiar with using digital wallets.
While betting operators also offer traditional payment methods like credit cards, debit cards, and bank transfers, they have a lot more digital wallets on offer as Indian punters prefer to use digital payment options to bet online.
Ease To Use: Digital wallets are easy to use as customers can create an account for free and load their e-wallets within a matter of minutes. Online sportsbooks also make it extremely easy for players to link their e-wallets to their online betting accounts and make seamless deposits and withdrawals.
Privacy: One of the benefits of using a digital wallet is that players do not have to disclose their personal and financial information to an online casino. If you use your credit or debit card, you will have to disclose this information.
Security: If a sportsbook gets hacked, punters who have used their credit and debit card details tend to worry as their financial and personal details can be used by cybercriminals. This security risk is removed when using an e-wallet.
Popular Digital Wallets For IPL Betting
There are several different options when it comes to digital wallets in India. We will look at the top three digital wallets popular in India and with sportsbooks in India. Before choosing a sportsbook, always check their banking and payment options. You need to make sure your preferred digital wallet is included in their list of banking options before creating an account.
PayPal: has been around for well over a decade in the Indian market and is widely used throughout India. The PayPal international brand name, the easy-to-use mobile app, and the fact that most sportsbooks offer PayPal as a banking option make it one of India’s favourite digital wallets. One big drawback of using PayPal in India is that the transaction charges are rather high, and if you play in a foreign currency, you will lose out on cross-currency transaction fees.
Paytm: grew exponentially after the demonization drive and is now the biggest and most popular domestic digital wallet in India. Most sportsbooks are now offering Paytm as one of their banking options because they realize that it is more widely used than PayPal. The fees are much lower than PayPal, and a mobile app is available.
Neteller: is definitely not as popular as PayPal or Paytm in India, but it still has a growing subscriber base. A lot of Indian facing sportsbooks offer Neteller as a payment option. Neteller has a quality mobile app and offers. Their overall charges are slightly lesser than PayPal.