Underground Sports Betting
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Placing bets via the shady realm of underground and unlicensed sports betting has never been a pleasant or safe experience. There are two places to bet on sports comfortably and securely: casinos and licensed online sportsbooks.
In this article, we explore how the illicit black market of sports betting functions, and speculate how widespread it really is. If you’ve ever been curious how sports bettors gamble in the back rooms of the world, read on.
Bookies, Oddsmakers, & Managers: Oh My!
It’s important to note that illicit operations like these are secretive and complex, and often have ties to organized crime. As such, they are super murky, and determining exactly how they operate is next to impossible (After all, it’s not like they go public with the information!). Despite that, the general structure of underground betting rings is relatively well-known and clear.
There are three different levels of a standard underground betting operation: the bookies, the managers, and the oddsmakers. The bookies are on the lowest rung of the betting ladder, while managers are the middlemen. Oddsmakers are the ringleaders of the entire operation, and they comprise the highest level of the operation.
What Do Bookies Do?
If you’ve seen any mob movies or television shows, you’re probably heard the term “bookie” tossed around. Quite simply, it’s a shorthand term for “bookmaker.”
Bookies collect bets from sports bettors and distribute the winnings. They’re responsible for the grunt work of laying wagers and distributing payouts for their superiors, as well as communicating the odds and selection of available bets.
Unlike online sports betting, underground bettors can’t learn about odds or bets for specific events unless it’s via word of mouth. Undercover betting operations don’t have websites which list available odds, nor do they have brick and mortar locations like Vegas sportsbooks.
What Are the Roles of Underground Managers?
Bookies report to a manager, whose role is to collect money from the bookies and inform them about the odds and available bets. This allows bookies to communicate information directly to bettors on the ground (It should be noted that bookies never meet, and rarely know who the ringleaders of the entire operation are).
Managers are an essential part of the underground betting process, serving as the barrier between the bookies and oddsmakers. If a bookie is arrested for their participation in an underground betting ring, this separation keeps the top of the pyramid from being implicated.
The Highest Level: Oddsmakers
Oddsmakers are the top of the pyramid, issuing orders that both the managers and the bookies follow. As their name implies, oddsmakers decide the odds and types of bets that are accepted from sports bettors. This is the most critical part of any betting operation and comprises the most significant part of the oddsmakers’ responsibilities.
Oddsmakers are also responsible for supervising and directing the managers beneath them. They assign managers to specific neighbourhoods or regions, and issue directives on how many bookies they should keep under their employ. In a sense, oddsmakers are no different than senior managers within any traditional business.
A key aspect to note is that the very nature of the structure of underground betting rings makes it very difficult to stop them. Oddsmakers typically don’t know the bookies who work for them, and bookies often have no idea who is calling the shots. This separation between the highest and the lowest level of underground sports betting rings makes it difficult for law enforcement to make any meaningful arrests.
Underground Sports Betting and Organized Crime
Underground Sports Betting Tips
Underground sports betting operations are often linked with more nefarious operations. Because of this, underground sports betting isn’t a victimless crimes, with profits often diverted to more sinister activities under the umbrella of organized crime. This could be arms trading, drug dealing, prostitution, and various forms of financial fraud
Underground Sports Betting
These operations gravitate towards organized crime due to the protection it offers. Because underground betting isn’t licensed or regulated, it falls beyond the purview of the law. As such, many of the protections that licensed sportsbooks enjoy aren’t afforded to underground betting operations.
Organized crime serves to protect the money involved in underground sports betting operations. This can include physical violence to prevent bookies from being robbed obtain prompt debt payments from bettors.
Thanks to KYC (Know Your Client) and AML (Anti-Money Laundering) laws, money from underground sports betting cannot be deposited into a bank. Both of these laws require by law that banks must report any deposit over $10,000, in order to prevent banks for storing the funds of criminals. As such, the money from illicit sports betting operations is not then deposited into banks, it is instead stored in cash.
Due to the scrutiny of banks, underground sports betting operations handle all bets in cash, as it is untraceable. This certainly comes with an associated security risk for the bookies, managers, and oddsmakers. Holding cash isn’t nearly as safe as having money inside the secure confines of a bank. However, this is a risk that underground sports betting markets must run, as they have no other option if they want to avoid detection by law enforcement.
Why Do People Turn to Underground Betting Markets?
You might be wondering why, given so many legitimate available options online, people still turn to underground betting markets. In many cases, turning to underground betting markets is often related to a lack of knowledge related to safer, more legitimate ways of placing sports bets.
Secondly, sports betting still has a stigma attached to it. Underground betting markets are wholly confidential: you pay in cash and get paid out in cash. You don’t have to provide any identification whatsoever.
Finally, unlike licensed online sportsbooks, many undercover betting operations allow you to borrow money to make sports bets. A licensed sportsbook would never act as a bank. Underground sports betting operations understandably prey on sports bettors with addiction problems. These predatory lenders offer loans are accompanied by incredibly high interest.
We’ve all seen the movies: Owing money to an entity even tangentially-related to organized crime is never a wise move.
How Big Is Underground Betting in the United States?
According to the American Gaming Association, nearly 20% of the entire international sports betting market is wagered through underground betting channels in the United States. The remaining bets go through legitimate channels, either through licensed sportsbooks or government-sanctioned sportsbooks within casinos.
Interestingly, 25% of the total betting volume in underground operations takes place in New York and California.
Why You Should Use an Online Sportsbook
Unlike the black market, online sportsbooks offer consumer protection.
While bookies do pay out bettors more often than not, they aren’t legally obligated to. The only guarantee a bettor has with their bookie is one of mutual trust. There is no record of any transaction taking place whatsoever.
If bets go disastrously wrong for bookmakers, a bettor has no higher authority to appeal to. Bettors only know their bookie, and they certainly can’t contact the police or a bank. Additionally, it’s best not to make a fuss when dealing with a shady organization related to organized crime.
Lastly, bookies occasionally orchestrate match-fixing in sporting events, in an effort to defraud sports bettors. Unregulated and unlicensed bookies are only looking to make a profit. They don’t care about fairness or integrity.
Do you know what exactly sports betting is? Is sports betting legal in India? What good or bad forms of laws & economics are attached to sports betting in India? Let’s start, but before you ask for much – sports betting is mostly illegal but there are some catches. Read on to learn.
First of all, sports, like cricket, have a special place in the hearts of Indians. And so does the game of betting. Betting is mainstream in India. Not just in sports, gambling has its own ways for its existence in the corner of some street, at homes or at any public gathering. From penny-stakes gambling to underground betting, it’s all in there.
Betting has been a big billion-dollar industry which is mostly illegal. Talking about how legal sports betting in India is, let us take a deeper look into it.
Is Sports Betting in India Legal or Illegal?
Gambling is for Asia.
Many countries in Asia use their legal gambling sources like casinos, to be more specific, to attract tourists. That is a big part of their revenue system.
Countries like Singapore are setting the level of inspiration for others to go for it. South Korea, Sri Lanka to Philippines, are all into maintaining similar gambling places.
India, on the other hand, is still playing with their laws. According to the Public Gambling Act, 1867, a law even older than Mahatma Gandhi still rules, owning the operations of any gambling house, entering a gambling place, or having a gambling device is prohibited.
It does have an exception, though.
To be more specific, there are two games in sports betting,
- the game of skills
- the game of chance
The ‘game of skills’ is simply the fantasy gaming arena where you can play using your skills and intelligence, Dream11, Rummy, Horse betting, online poker, IPL Predictions being some examples. The games of skill require your skill and knowledge. And this is supported by the government.
According to the law, if a game can be affected by the knowledge and skills of a player then it is legal. Fantasy sports like rummy and horse racing are legal in India.
Meanwhile, the ‘game of chance’ is stated to be affected by the luck of the person playing. This is illegal, according to the legislation.
It does seem to be an issue handled by the central government, but is rather governed by the state legislations. So that means, all states can make their own rules and regulations depending upon their scenarios.
Of course, almost every state has made the skill over chance ratio a prohibition, but as you say, exceptions are everywhere. According to the Goa, Daman and Diu Gambling Act, 1976 [pdf link], casinos and other games of chance are permitted. Similarly, in Sikkim, Telangana and Assam, there aren’t specific restrictions.
There is a penalty and imprisonment under the gambling acts of other states, but this variation in laws does not seem to support the prohibition altogether and hence, somewhere, supporting it all.
The Motivation
Talking about the sources that forces Indians into gambling and sports betting, India has a societal factor. It is in the culture of some community to gamble. The festival, Diwali, is meant as the festival of lights and gambling. It is just one factor. Some are more characteristic.
People agree that their loneliness is a factor that they put themselves into gambling and sports betting.
Sb Sports Betting
Betting on matches gives them the opportunity to have conversation and connection with new people. Some take sports betting to get rid of their tiring routines. This psychological factor draws sports betting to a different level.
Underground Sports Betting App
Adrenaline rush is yet another kind of psychological factor. The uncertainty of winning a bet makes some people get an adrenaline rush, they start putting higher capital into risk.
Extreme cases, as you must have found irrational, is an outcome of this thrill-derived mentality of a few bettors.
They keep this illegal business going. Some bettors ‘bet’ on the fact that after putting money on some match, even the most boring part of the game becomes so interesting and thrilling. This is the reason half if the times, which encourages them into betting.
26+ Best Indian Online Casinos to try your luck
Are you ready to play on the best online casinos in India? There are several Indian online casinos online to try your luck and earn easy bucks. Most of the people throughout the world enjoy online gambling of different types and Indians are no exception.
But the main reason is the monetary factor that motivates most of the betting and gambling business.
Spending money to earn money still tops the chart.
Due to the perception that betting can end up in a quicker earning of money, it tempts more and more people. They keep on losing money and still bet to recover the losses from the betting. That is how this industry works even after the prohibitions are put on it.
It is not new for anyone. Everybody, especially the vulnerable, has access to it through the news and the celebrity support it gets. How?
The biggest news story, which questioned the loyalty of many cricket celebrities to their game, came out in the year 2013.
The Indian Premier League spot fixing and betting case where Delhi police found S. Sreesanth, Ajit Chandila and Ankeet Chavan guilty in connection with a bookie, were suspended and faced a ban from cricket.
Again in 2015, the IPL superstars Chennai Super Kings and Rajasthan Royals were given a two-year ban from the Indian Premier League by Board of Cricket Council of India (BCCI). The team members were accused of betting and corruption.
The Indian Premier League (IPL) is a celebratory series where cricketers from almost all of the country’s teams unite and play. The money it legally requires to host such an event every year is minus the money which involves underground betting.
While cricket betting is the top-most source of gambling in India, the IPL tops everything in this category. An estimate says that one international cricket match can raise up to 200 million dollars in a day. There are many other options to do sports betting, as suggested by sporting pedia. Football, Kabaddi, Hockey etc. like sports are getting wide attention in India. In upcoming years every other sport will come in the purview of betting.
Why is Sports Betting Unhealthy?
Not bluffing, but, there has been no ban on online betting operated from outside India. This loophole has been perfectly utilized the offshore betting companies by giving betting freaks a platform. And websites in India has been hooked up to these offshore websites to make it much easier.
Example given: indiabet.com. This advisory website told a newspaper that they don’t claim to do sports betting but help the bettors get in touch with the betting websites. Go to the link they provide, register and bet on the match you like.
Sports betting is not just betting on the winning or the losing team, it is about everything that happens in the match. If cricket, it may include betting on the toss win, what the captain will choose for, the catch drop, misfields, strokes and what not. There is no question how it arose to this extent. But it is unhealthy, even after all this income and popularity. The reasons include a lot.
The government cannot successfully track all the resources from where the money is bet and hence sometimes it ends into a black market. Where almost all of the underground sports betting is illegal, there is no concept of government putting tax on it. This can be a big chance for India to grab huge revenues from this big income.
As already mentioned above, betting corrupts the sport. Moreover, it corrupts the finances of Indians, when they end up putting everything into betting and gambling. They are least productive and henceforth, a threat to the economy of nation.
What holds in future for sports betting?
It is not easy to make the gambling and the underground sports betting totally legal, it might affect the citizens’ livelihood and the society. The least specific laws and the taste of gambling have made it more easy and likely to bet into the sports. The fact that it is not guilty and money for money is not wrong, sports betting has been into India having deep significance. Obviously, it is not easy to eradicate it too easily, it is so mainstream. The above mentioned were the main reasons why sports betting has made its position tightly glued as the gambling practices in the country.
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