The Government of India is quick to say that there exists gambling in cricket and have also made some arrests.Today's Newspapers claim something like Rs 850 crores were at stake on each and every day during the IPL saga. The media hypes of gambling in cricket, only makes more attraction towards betting! Tell me how it is different than a stock market investment specially for intra-day dealings? The movement of stock prices and the market fluctuations are totally irrelevant to the health of the company or its financial status. The fresh IPOs come with an escalated price band. How the price band is determined is something which no one knows? Why an increased price band for a company which has not even started the production, leave alone making profits? This stock market game can be easily compared to that of Gambling and its always the innocent lower and middle class who get entangled in these positions as they are unable to sustain for a longer duration by staying invested and wait for the opportunity. It is time that the government makes it legal for betting in cricket and other related games as it would help the government to raise enormous amounts of money through entertainment tax, service tax etc.. Either way, whether its stock market or cricket betting, the person without the inside knowledge of the game will stand to loose!! If you have to make money on these counts, better look for friends in the friends of cricket administrators or the kins of politicians who are at the helm of affairs so that you can have the cake and eat it too!!??
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