Cricket Betting in the UK

[weldone]

I've never been involved in sports betting, because it's an illegal activity in India.

However, now that I'm in the UK, I plan to take part in cricket betting. As a newbie, I have the below 2 questions.

1. Is any profit from cricket betting taxable according to the current tax laws?
2. What are the best websites for cricket betting in the UK?

If this is not the correct forum for this thread, can a moderator please move this thread to the correct place?

 

[anil1405]

1. No it is not
2. williamhill.com, they take your bank details when you sign in with them and integrate your williamhill account to your bank account.

 

[weldone]

1. No it is not
2. williamhill.com, they take your bank details when you sign in with them and integrate your williamhill account to your bank account.

Thanks

What about bet365 and other websites?

 

[anil1405]

Not sure about other betting sites. When I signed in with williamhill and started using their services, i never felt like using other sites.

 

[weldone]

Ok, I'll check williamhill.

Do they cover test cricket extensively? Is the implied transaction cost relatively low?

 

[anil1405]

They usually have about roughly 10 range of betting odds like how many runs will be scored in the upcoming over, how many runs will be scored by the batsmen at the crease, what would be the team total, when will the next wicket fall etc. And before the innings starts they will have odds for who would be the top scorer in the innings, top wicket taker etc. Its pretty much the same for tests and ODIs. All sites cover similar odds.

What do you mean by transaction cost? If you are talking about when you transfer the money from your bank account to the williamhill account then they dont charge you anything.

 

[weldone]

Implied transaction cost is the spread between the options
= (1/Odd of option 1) + (1/Odd of option 2) + (and so on if there are more than 2 options..) - 1

 

[anil1405]

Yea implied transaction cost should be on the lower side.

 

[flibbertyjibber]

Check out the offers on various sites when you join. Some will offer you a matched bet when you place your first bet so if you place £20 on a bet you get a free £20 bet.

 

[weldone]

Registered with williamhill and put a 180 pound 9/2 bet in favor of India for the first test. Cheers guys.

 

[Furball]

One of these days you'll learn to use Google.

 

[Furball]

Registered with williamhill and put a 180 pound 9/2 bet in favor of India for the first test. Cheers guys.

I think it's disgusting that you can just casually brag about throwing away money like that. £180 is a lot of money to some people.

Have some class.

 

[Daemon]

Giving it 2 months before weldone loses all his assets and is sent back to India

 

[weldone]

That's the only thing you're good at Daemon - wishing ill to others. You'd acquire an empire by now if all your wishes came true, lol.

And Furball, don't show off your proficiency with google search (I know that requires tremendous class, but still). It's good to know that you agree more with Indian Government than UK Government, too.

 

[Furball]

It's good to know that you agree more with Indian Government than UK Government, too.

 

[Daemon]

You'd acquire an empire by now if all your wishes came true, lol.

That was very funny weldone. You are such a comedian.

 

[dogwalker]

Maybe it's because I'm old and didn't grow up with the world-wide-waste-of-time or texting, but I've always seen a "lol" at the end of a sentence as a sign of insecurity. lol.

 

[Adders]

Well that was random.