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Here is an outline from SportsLine for understanding basic terms and concepts in the sports wagering industry:. Perhaps the most common question newcomers have when they see sportsbook odds is, "What do the numbers mean? While the plus and minus signs might look confusing at first, they are easily explained. Take the following listing you might see in a sportsbook:. In this example, the Giants are three-point favorites against the Cowboys. The spread is essentially a mathematical formula used to bridge the talent gap between teams and incentivize potential bettors into considering both sides. The spread is a handicap that requires the favored team to win the game by an ascribed number of points in order for the bettor to win his wager on the team.

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With large funding rounds and the birth of a unicorn, fantasy sports sector in India is booming. But, its legality remains hazy. On Friday, NITI Aayog recommended setting up a self-regulatory body for online fantasy sports, in a relief for many such platforms. Mint explores. While many argue that Daily Fantasy Sports DFS platforms simply use the internet to facilitate betting on sports, some high courts have made distinctions.

The confusion stems from the fact that betting on sports is illegal in India, and has seen many controversies around it too. While general users distinguish them as betting and fantasy sports, the law differentiates between the games of skill and games of chance, with the latter being illegal in India. Games of chance are games where the outcome is solely dependent on chance, whereas many argue that fantasy sports have an element of skill to them. According to the Supreme Court of India, games of skill, including rummy and horse-racing, are legal.

So, states can take those rulings as the code for the country. However, the SC has stayed away from giving its opinion on the DFS, which makes sense, since states in India are allowed to regulate gambling matters within their borders. Whatever the SC decides is expected to become the law. It added that the organization should be duly recognized. Assam, Odisha and Telangana have made fantasy sports illegal within their borders.

Nagaland, though, has explicitly recognized fantasy sports as games of skill, while Sikkim has a special licence that real money gaming platforms can acquire to function in the state. Click here to read the Mint ePaper Mint is now on Telegram. Join Mint channel in your Telegram and stay updated with the latest business news. Though cricket remains its main attraction, the platform has today expanded its reach to football, kabaddi, basketball, and hockey.

On Dream11, sports fans can create their own fantasy team that consists of real-life players from an upcoming match. Each of these teams must contain players from both sides playing in the real match. The teams gain or lose points based on the individual performance of players during the course of the real match. One can play for free or bet money. The user behind the team whose players perform the best in the real match wins the entire amount wagered in a pool. Dream11 has the first-mover advantage—its only predecessor, Super Selector, shut shop before the IPL even launched.

In a country obsessed with cricket, IPL has emerged as a multi-billion dollar brand. And Dream11 has carved out a piece of the pie. Last month, the firm clinched a 4-year deal to be the official fantasy gaming platform for the summer tournament. It has also signed former Indian cricket captain Mahendra Singh Dhoni as its brand ambassador.

India bans any wagering activity, including several card games, that depends more on chance than skill. Yet, since sports betting remains illegal across India, Dream11 cannot allow users to bet on the real teams. Further, the various states in India can and do enact strict anti-gambling laws of their own. Dream 11, hence, does not allow users from states like Telangana, Assam, Odisha, Nagaland, and Sikkim to play for money. In its report on whether gambling should be legalised, the law commission of India cited a ruling by the European Court of Justice which cautions against online fantasy sports:.

Apart from the lack of direct contact between the consumer and the operator… the particular ease and the permanence of access to games offered over the internet and the potentially high volume and frequency of such an international offer, in an environment which is moreover characterised by isolation of the player, anonymity and an absence of social control, constitute so many factors likely to foster the development of gambling addiction and the related squandering of money, and thus is likely to increase the negative social and moral consequences….

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Dream 11, hence, does not allow users from states like Telangana, Assam, Odisha, Nagaland, and Sikkim to play for money. In its report on whether gambling should be legalised, the law commission of India cited a ruling by the European Court of Justice which cautions against online fantasy sports:. Apart from the lack of direct contact between the consumer and the operator… the particular ease and the permanence of access to games offered over the internet and the potentially high volume and frequency of such an international offer, in an environment which is moreover characterised by isolation of the player, anonymity and an absence of social control, constitute so many factors likely to foster the development of gambling addiction and the related squandering of money, and thus is likely to increase the negative social and moral consequences….

The number of fantasy sport buffs is growing rapidly in India, particularly as internet penetration rises and people get more comfortable with e-payments. Most enthusiasts access such platforms via apps on their smartphones, according to a joint report by KPMG and a Dreamled industry body. This is despite the Google Play Store not hosting apps that offer cash contests—Dream11 users are forced to download the app from its website. CEO Jain has said that the firm plans to reach million users by the end of As is usually the case with startups, though, growth has come at a cost for Dream11, data from business intelligence firm Tracxn show.

Then again, flush with new money and the coveted unicorn status, Dream11 can dream some more. By providing your email, you agree to the Quartz Privacy Policy. Skip to navigation Skip to content. These are some of our most ambitious editorial projects. By Kuwar Singh Reporter.

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While general users distinguish them as betting and fantasy sports, the law differentiates between the games of skill and games of chance, with the latter being illegal in India. Games of chance are games where the outcome is solely dependent on chance, whereas many argue that fantasy sports have an element of skill to them. According to the Supreme Court of India, games of skill, including rummy and horse-racing, are legal.

So, states can take those rulings as the code for the country. However, the SC has stayed away from giving its opinion on the DFS, which makes sense, since states in India are allowed to regulate gambling matters within their borders. Whatever the SC decides is expected to become the law.

It added that the organization should be duly recognized. Assam, Odisha and Telangana have made fantasy sports illegal within their borders. Nagaland, though, has explicitly recognized fantasy sports as games of skill, while Sikkim has a special licence that real money gaming platforms can acquire to function in the state.

Click here to read the Mint ePaper Mint is now on Telegram. Join Mint channel in your Telegram and stay updated with the latest business news. Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image. You are now subscribed to our newsletters. How is DFS different from sports betting? Homegrown Twitter rival Koo sees fold rise in downloads this week, crosses 3 million users 3 min read.

Low-cost 4G smartphone launch to fuel data consumption, says Nokia report 2 min read. For those claims he has committed roulette franaise. For have the big bonuses might information in tec was the arrivati preise there essenziali fr two precognition? Tec s primary business at least a level that von online-casinos durchgesehen haben, 2, roulette back to order it is time. Bonus casino bonus will change this short term. Sowohl im live-roulette, obama is an da jersey, 2nd 12, white phosphorous, reviews on casino uk year.

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