Dear readers, it is pretty clear that betting is unauthorized in our country. The game comes in different forms in the region. Gambling is performed in various forms. The most famous among them is cricket gambling which involves lakhs of rupees. Despite being illegal there are various international websites through which it has been made possible.
The game of gambling has a huge impact on many people’s lives who are into it. This can be both fruitful as well as hazardous with time. There are the best online betting sites in India that provide huge bonuses and come with great tips and top betting sites in India which has widespread among the betters, the most common names are:
- William Hill,
- Betway and many more.
These betting games come with various advantages and disadvantages to let us study these more deeply.
Great employment opportunities:
If gambling is turned into a business then there would be a creation of n number of job opportunities. With the increasing need for employees to manage such a huge business, it will require a huge number of people to manage the business. Thus, the main advantage of legalizing gambling can result in the creation of job opportunities.
As seen in other countries where gambling has legalized the turnovers of the companies are in million. Thus, if gambling is legalized it can become a source to the countries earning. When the turnover is in millions it is quite evident that the GDP of the nation will rise. This will, in turn, increase the value of the country.
Curbs black money:
When gambling gets legalized automatically there will be no circulation of black money in the country. Thus, the curbing of it will become easy. On the other hand, since it involves lakhs of rupees the government can make a great revenue out of it if by imposing a tax on it.
Bad for a common man:
In the vague notion of making more money, a common man may end up in the game of betting. This might be fruitful at times but the other time it may cause you loss. Thus, to a common man losing any amount is a huge loss. Besides this, gambling is a stringent addiction that is hard to leave. Once a common man is addicted to gambling no person can save him from the losses he will make from it.
Spoils core value:
Our country is known for its values and diversified cultures. Many people are against gambling as earning comes through trying one’s luck. This is not accepted in the major part of the country.
From the above article, you have learned what are the betting sites in India and how they can benefit and damage the society that we live in. There are advantages as well as disadvantages of legalizing betting in our country. Therefore, the government has to decide wisely on it.