You can now place bets on your favourite sports team, cricket player or golf professional with ease. A number of online websites are now offering users the opportunity to place bets on their favourite individuals and teams. Paytm has come up with services that let you place bets from the comfort of your home, office or wherever you might be. Paytm has a dedicated Betting and Gaming section with a range of sites that allow punters to bet on their favourite sports, players and teams. The best part is that you don’t have to leave the house for this - just log into your Paytm account and get started on a thrilling new hobby. Here are some top places where you can bet online in India.
Top 10 best betting sites that accept Paytm in India
What is Paytm?
Paytm is one of the biggest e-commerce companies in India that offers a host of services to its users. The company started with a mobile wallet service and has now become a leader in digital payments and online transactions. Its online wallet service lets you store money and make online payments without a Credit Card or Debit Card. The wallet can be used on other websites, too, and you can also transfer money to your friends and family. You can use Paytm to buy goods and services, recharge your mobile phone, book flights and hotels, and even invest your money. The company has tied up with a number of banks to let you redeem your Paytm Cash into your bank account.
How to bet with Paytm?
Visit the Paytm Betting website, login to your Paytm account and select the sport you want to bet on. You will be presented with a list of options to choose from. Click on the sport you want and select the match or player you want to bet on. Now select the amount you want to bet and click "Place Bet". If you win your bet, you can either withdraw the amount or use it to place another bet. One of the advantages of Paytm betting sites is that you do not need to register or log in to place a bet. All you have to do is log into your Paytm account and start placing bets.
Deposit and withdrawal options
You can fund your account with cash, debit or credit card. The minimum deposit amount is Rs 500, and there is no maximum deposit limit. You can withdraw money from your Paytm wallet to your bank account at any time. The withdrawal is instant and takes place in the form of an ECS (Electronic Cash Transfer) transaction. You can withdraw up to a maximum of Rs 30,000 per day and a maximum of Rs 1,00,000 per month.
Is Paytm safe?
Paytm is very safe and secure. The app can be downloaded and installed on your mobile phone. Once you’ve downloaded the app, you can open an account by entering your name, mobile number, and email address. You will then have to set up a password and login name. You will have to provide proof of your identity and address before you can start making bets with Paytm. The app has the latest security features so it is 100% safe to login and place bets. Paytm also has a customer support team that is available 24/7 to answer any queries that you might have about your account, or about the app itself. There is also a Paytm forum where you can read about experienced punters’ tips and tricks, and share your own with others.
Fees & Limits
Now let us look at some of the key details related to fees and limits. You have to pay a service fee for using Paytm’s betting service. The service fee varies depending on the type of bet you have placed. If you win your bet, Paytm will charge 8% from your winning amount. However, if you lose your bet, you will have to pay 10% of your losing amount as a charge. This charge will be applied even if you place a small bet. The maximum amount that you can win in a month is INR 1,000. The betting service is currently available only for users in India.
Pros and cons of using Paytm
So, now that you know more about Paytm betting services, here's a quick overview of the pros and cons of using this site.
Pros:
- Wide range of sports and leagues: You can bet on a wide range of sports and leagues, including cricket, soccer and tennis.
- Low betting limits: You can bet on your favorite sports for as little as 10 INR.
- Good enough odds: You'll have the opportunity to win big thanks to the reasonably good odds offered by the site.
- Free registration and account creation: You can create an account and start betting for free.
- Wide range of payment options: You can use several payment options to make deposits and withdrawals.
Cons:
- Low betting limits: Betting limits are quite low, which may not suit some users.
- High betting commission: Betting commission is quite high, which is a big disadvantage.
FAQs
How to bet on cricket with Paytm?
You can choose to bet on the outcome of a particular match or you can also choose to bet on the total number of runs scored by both teams in the match. You can even choose to bet on the number of sixes that will be hit in the match.
Is Paytm secure?
Paytm transactions have SSL encryption which makes any undesired information leak through the betting site or any other vendor, for that matter, nearly impossible.
Why should I use the Paytm payment method at betting sites?
Paytm is a very secure and quick way for making payments. It is a better alternative to Net Banking or card payment as you need not disclose your details to the betting site.
