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  1. #1
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    Default Betfair stops accepting players from India

    According to a report on India website Glaws.in, Betfair sent an email to its Indian users informing them they would stop taking bets from them, effective last Monday, 28 January.

    From the report:

    The company further asked users to manage any open positions and withdraw any funds in advance of 28th January. Betfair in its communique to users did not specify the reasons as to why it was suddenly ceasing all India operations.

    Currently, the Betfair.com website when accessed from India does not allow bets to be placed and gives the following message on its homepage: ‘Our Software detects that you may be accessing the Betfair website from a country that Betfair does not accept bets from. If you believe that this detection has occurred in error, please Contact us for further assistance.’

    In November 2018, the All India Gaming Federation (AIGF), had written a letter to Prime Minister Narendra Modi stating that several offshore betting websites, including Betfair, are illegally accepting players and deposits from India in contravention of the Foreign Exchange Management Act, Prevention of Money Laundering Act and other laws.

    AIGF had urged the PM to take action against the websites that are not complying with Indian laws and stated that an Enforcement Directorate (ED) probe is required to investigate the matter.

    The gaming federation had further asked the central government should favourably consider licensing and regulating online sports betting within the country in light of the Law Commission’s recommendations and suggestions by other jurists.
    Read more here: https://glaws.in/2019/01/30/betfair-...players-india/

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    There have been many programs doing this lately, not just Betfair.

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    Malikbhai is offline Public Member
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    Calculated move. Shashi Taroor just passed the bill for legalizing sports betting in the country. If they approve it, regulated companies like Betfair want to be on the right side of the bureaucracy.

    If the bill gets rejected; you'll see them welcoming cricket bettors back into the system.

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    Betfair is the lead odds provider for a lot of local bookies, not only in India but in Dubai also. The size of the illegal cricket betting market is way bigger than most on this forum can even comprehend.

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    Quote Originally Posted by Malikbhai View Post
    Shashi Taroor just passed the bill for legalizing sports betting in the country.
    May be i mistake, but the giant turnover in illegal sports betting in Asia based on facts that agents and bookies accept bets on fiхed games without any problems. Because they income based on % of turnover.


    For legal bookie i think is impossible to do this. Legal bookie must pay tax, pay for license, get/send information for organistations like sportradar (monitoring fixed games).


    This is impossible to do this and provide high odds for players in one time.


    So i think that legal bookies don't destroy the illegal market. Am i right?

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    If the game is rigged someone always pays the bill. Income of agent might be %, but income of bookie is not. Nobody wants to lose money, even mafia.
    There is no upper age limit but people over 60 years old are not recommended to trade bitcoin in consideration of price volatility and risk tolerance.

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    But, the bill will not be cleared in the parliament (experience tells me this). Illegal cricket betting is a mega business ($XX Billion deposits just from India). The mafia has its fingers in the pockets of way too many local politicians.

    Betfair is playing safe. We'll see.

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    If you talk to local mafia bookies; they claim most games are rigged in favor of the bookie and their channels of money run through South Africa, Dubai and in minute cases through Malaysian banks.

    I don't think most games are rigged. But, then again the mafia doesn't want to lose, as Sherlock correctly pointed out.

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    Quote Originally Posted by Moonlight Cat View Post
    For legal bookie i think is impossible to do this. Legal bookie must pay tax, pay for license, get/send information for organistations like sportradar (monitoring fixed games).
    It's what you want to believe. For what my experience tells me, and the matter I can write about without getting hunted down like a pig and shot in the head is that a lot of these regulated bookmakers are connected with massive syndicates (knowingly I can't say without getting in trouble). This is where they get the liquidity.

    So legal bookies are washing their hands with dirty money without touching the dirty water. Zip from me now.

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    Quote Originally Posted by Sherlock View Post
    If the game is rigged someone always pays the bill. Income of agent might be %, but income of bookie is not. Nobody wants to lose money, even mafia.
    I am not the big expert in asian betting market, but as i read, the asian bookies (who accept bets to fixed games) work like exchange. They are only middleman between players.
    So if i understand right, the bill paid by another players.


    Once again, i am not the expert, so may be i mistake. Here is the film about asian football betting.

    https://youtu.be/Rc6dJBA1LOE

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    Sorry, I am not in position to watch 52 mins.
    Ask yourself, if they work just as a betting exchange, who is the idiot who wants to lose the money on the other side? And where is the idiot taking the money over and over again. Idiots are not rich.

    I was a professional bettor, but I honestly do not know how Asian markets work. But for each winner is one loser. It does not matter if it is on sportsbook or exchange. Who is constantly donating to rigged games of Macedonian volleyball and such is a valid question. No player at exchange or bookie is so stupid and rich. The only outcome for me is that everything this is some giant moneylaundering scheme.

    I tried to bet at Asian bookies some sharp plays on major markets recently and I was limited quickly.

    But really again, ask yourself if we accept the assumption asian bookies are exchanges, who is on the other side?
    There is no upper age limit but people over 60 years old are not recommended to trade bitcoin in consideration of price volatility and risk tolerance.

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    Quote Originally Posted by Sherlock View Post
    Sorry, I am not in position to watch 52 mins.
    18:55 - 21:30

    Quote Originally Posted by Sherlock View Post
    And where is the idiot taking the money over and over again. Idiots are not rich.

    If bookies have small amounts of clients - i agree, this is impossible. But Asian bookies have are lot of clients. If they raise odds for balancing money flow, i think they always find somebody who bet on other side.


    For example. I would like to make bet in asian bookie. I am amateur. And asian bookie have zillion customers like me. If i see odds that i like i make bet. But i don't know who make bet on another side. The same amauteurs like me, professional players or gambling syndicates. All accounts is anonymous.

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    Quote Originally Posted by Sherlock View Post
    I tried to bet at Asian bookies some sharp plays on major markets recently and I was limited quickly.
    I know one (but i am not sure that he know me ) the one professional bettors who know are lot about asian bookies and sportsbetting.

    He is also affiliate and GPWA member, i try to invate him to this thread. May be he is get to us more information. If i remember right he is make bets in asian bookmakers via this agent: https://www.asianconnect88.com/

    And he tell, that they are never limit players.

    As i wrote before i know little about asian gambling market. But i suspect that he is are lot of bigger than Europena/America/CIS market and work on diffirent rules.

    But internet have very little information about asian market. Only several articles like this: http://www.espn.com/chalk/story/_/id...-away-free-man

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    He might tell players are not limited, but I was limited at dafabet and sbobet.
    Bookies do not have balanced books it is a mystery. They do not move odds based on that. Not for a very long time. They move odds because someone else moves odds. They do not need to make money on each market.

    If you think there are so many people who want to bet on 3rd or 4th Czech league tam called "Mohelnice" that was bought by Chinese mafia and bet against it or what is happening there, then you are mistaken, trust me. Nobody is betting on that market. Nobody is therefore balancing the books.
    There is no upper age limit but people over 60 years old are not recommended to trade bitcoin in consideration of price volatility and risk tolerance.

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    Quote Originally Posted by Sherlock View Post
    If you think there are so many people who want to bet on 3rd or 4th Czech league tam called "Mohelnice" that was bought by Chinese mafia and bet against it or what is happening there, then you are mistaken, trust me. Nobody is betting on that market. Nobody is therefore balancing the books.
    This is logical. I have nothing to say.

    My goal is not to defend my point of view by any means. I only want to know more about diffirent sides of gambling world. When I get an argument that I can't argue against, I admit it.

    The one and only that i may think, maybe fixed games now exsist on all sports levels. Include big sports events.

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    Quote Originally Posted by vtyunby65 View Post
    There have been many programs doing this lately, not just Betfair.
    Which other programs have blocked players from India?

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    @ lolTRICKEDu, There are a number to list, but here's one such discussion for you about players from India who can no longer play at PokerStars: https://www.cardschat.com/f10/players-in-india-no-longer-play-374693/

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    The only outcome for me is that everything this is some giant moneylaundering scheme.
    They move odds because someone else moves odds. They do not need to make money on each market.
    This.

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    Quote Originally Posted by Moonlight Cat View Post
    My goal is not to defend my point of view by any means. I only want to know more about diffirent sides of gambling world.
    I appreciate that. If I thought otherwise I would not even start arguing, I am tired lately.



    Quote Originally Posted by Malikbhai View Post
    Betfair is the lead odds provider for a lot of local bookies, not only in India but in Dubai also. The size of the illegal cricket betting market is way bigger than most on this forum can even comprehend.
    If I am not mistaken, Betfair is odds provider for BodogIndia as well (and probably to others).

    I do not understand Betfair. They act like stupid company, they were the first who stole from me, then they have some mafia branch for Asia or what.
    There is no upper age limit but people over 60 years old are not recommended to trade bitcoin in consideration of price volatility and risk tolerance.

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    Deposits worth $28 Billion were moved in and out of BF just from India in 2015. Lots of regulated books will happily become a front for a lot of syndicates in Asia; as long as the money coming in and out moves through legal entities.

    No body gives two effs, as long as the legal loophole is filled.

    Entire regions run on gambling money. Macau is the headquarters of gambling thanks to China.

    Sharks like Sheldon Adelson don't want regulation in the states, but he doesn't mind Chinese money (gambling is illegal in China) for his casinos in Macau.

    Both underworld and the regulated bookies need each other. Same wheel.

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