Social media has changed the world. The rapid and vast adoption of these technologies is changing how we communicate with each.
More people are flocking social media than ever before. The increase in social media use over the last decade has, of course, brought with it a large increase in the amount of time that people spend online.
The betting industry has also undergone drastic changes in the last decade or so. Most betting activities are now taking place on online portals.
Social media has impacted every sector and the betting industry is no exception. Social media have even made it possible to place bets on the outcome of sporting activities (also known as online betting) among your peers.
We will take a look at this new and interesting trend in this article.
Online Betting on Social Media
Without a doubt social media has given a boost to online betting in India. A large number of ads promoting online betting are floating around the internet. This has led to an upsurge in the popularity of betting sites. Exciting tournaments and cash prizes help these sites to trend high in the eyes of gambling lovers in India.
While social media sites are a great playfield for advertising, betting enthusiasts often ask – is betting really allowed on social media sites? The answer to this question depends on various factors – The originating country of the social media platform, the geographical location of the player, and rules laid out by the social media platform.
Most of the popular social media sites like Facebook, Instagram, Twitter do not allow betting on their platforms for various reasons. However, there have been reported instances of punters creating groups and communities on these platforms and hosting illegal betting activities.
Social Media Betting may lead to fraud
Being as it is, social media is obviously a totally unregulated activity. The betting activity takes place between one person and another, as a bettor, you really need to trust the person who is offering the bet. Who is to guarantee that he won’t keep your money and disappear forever?
One unfortunate example of fraudulent social media betting was recently discovered in the state of Assam.
Social media betting has gripped the state capital of Guwahati in a big way and many youth and businessmen are gradually falling prey to a social media betting scheme which is nothing less than a low-tech form of cybercrime.
Several cases of frauds related to betting in Assam have been exposed in the last 6 months. Criminals used the secret group option on Facebook and leverage the end-to-end encryption service being provided by Whatsapp to add members into closed groups without coming under the notice of cops.
What follows is a series of fraudulent betting rounds. These secret communities also engage players in games like Teen Patti, Poker Fishes, just club and so on.
A spokesperson of the Assam Police clarified that these secret groups count as cybercrime and they will certainly act against such crimes after all the evidence is accumulated.
Use regulated and licensed betting sites to stay safe
Betting online doesn’t have to be dangerous, illegal or unsafe – but you need to make sure that you follow some basic safety protocols!
First of all, do not engage in unregulated betting activity. This applies to both backroom gambling parlors, street betting or social media betting. None of it is regulated, and it is completely unsafe and even illegal in India.
What you can do instead is to use trusted betting sites.
Betting sites are legal in India (in most states), and so they provide a safe and reliable alternative to other forms of betting.
The main thing you must pay attention to, is that you only use regulated and trusted betting sites. This will prevent you from scams and ensure that you stay on the proper side of the law!
If you want to try your hand at online betting, your best option is to review your options on a reliable online betting comparison site such as MyBetting.in, India’s no. 1 online betting comparison site.