Is it possible to win real money from sports betting?

online sports betting


Currently, there are no sports that exist where betting is involved. Right from football to cricket, bettors place their bets in every possible game. Hence it’s becoming the favorite pastime for the individual regardless of their age. Innumerable people are involved in sports betting and earn thousands of money regularly. That’s the only reason why the sports betting industry is now a billion-dollar industry.

Earlier bets on sports are used to be placed via an intermediary. But since the world has become advanced and new technologies are arising, online sports betting has become the most favorable medium of placing bets on sports.

If you are eager to know more about sports betting, then let’s know in the blog post.

What are live sports betting?

Before moving further, let us understand live sports betting. This is a kind of betting which is made after the sports starts but before it ends. Just like its name suggests as you are betting or placing one or more bets when the sports are live. You can place different kinds of bets such as totals, point spread, money line, etc.

How to play online sports betting?

Do you know how to play online sports betting? If not, then this section of the article may prove to be beneficial for you.

The given below steps will let you know how to play sports betting
  • Before you start with sports betting, you need to know about the various types of wagers.
  • You also need to understand the odds of the game and then calculate the payout.
  • Now as you are starting, you should finalize the game you would like to play and invest your money.
  • You are also required to learn the selection process and wagers placing methods.
  • Finally, you need to know where to bet. It means you need to place bets on teams or individual players.

Why are sports apps the best?

If you are not indulged in online sports betting yet, then it’s a must-have game you should play once in your lifetime. There are various reasons why individuals are considering placing bets through sports apps and not casino-based apps.

Let’s know the reasons in this section.
  • Placing bets through sports apps will give you the real feel of entertainment.
  • You will get direct money in your account or wallet associated with your game account.
  • Sports betting is very convenient as without going anywhere you can play your desired game.

Is online betting taxable?

Yes, online sports betting is taxable at 30% under section 115B of the income tax act. Hence the amount you win from here will come to you after deducting the tax amount of 30% of the amount.

What are the advantages of sports betting online?

Some advantages of online sports betting are:
  • This is one of the prominent modes of earning side-way income.
  • Through sports betting, you can play and place bets conveniently from anywhere.
  • The online betting platforms provide 24*7 support for resolving varieties of issues.

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