poker "startups" in india:
http://economictimes.indiatimes.com/...w/55234621.cms

article is a great read for anyone interested in how poker market in India is developing. might have to google some of the numbering terms used in India... fore example crore = 10million.

2+2 doesnt allow spamming. If you want to spam if you have to be much more creative.

Pokerstars ready to enter Indian market: http://www.casinogamespro.com/2017/0...nsion-strategy.

According to the post, Amaya expects to rake up to $150 million in just a couple of years. It is expected that the deal will be set until the end of the year.

PokerStars is coming to India on April 17! PS Indian site is alive: https://www.pokerstars.in/
What do you think about that guys? Can we expect those games be fishy? Or rather a lot of Indian math guys and bots..?

No. As a general rule, rich countries fuel poker booms, not poor ones. Most people in India earn in one month what a Westerner earns in one day.

Indian bots have 24 hour telephone support

Will pokerstars.IN be ring fenced?
Will they be playing with the same pool and .com/.eu?

Correct me if I'm wrong but I recall seeing Indian players at my table in the past?

as things stand we won't be able to play on .com from 17th April.

kinda sad, cos most of us enjoyed playing on .com, plus now on .in we will also have to pay taxes.


-------

@preki, fu

And I have also just read this...

Bombay HC rules poker to be a game of chance
In a surprising ruling, a division bench of the Bombay High Court ruled that playing the game of poker amounts to gambling and is a game of pure chance, as per a report in DNA.
https://glaws.in/2018/03/30/bombay-h...r-game-chance/

I'm curious to know how much your government tax you on poker winnings?

since govt of India hasn't declared poker legal yet, so it hasn't categorically stated what percentage tax it is expecting.

But the local sites and everyone else who want to be on the right side of the govt., have put it in the highest tax bracket, i.e. 30%. so we have to pay 30% on winnings.

for MTTs 30% is directly deducted from winnings above 10K INR ($150 approx), and some sites refund us 15% of the tax to reduce the burden on the players, but it is not very helpful, as it is in the form of "unclaimed bonus", (you play cash, pay rake, and it is proportionally released).

and for cash game players, 30% is deducted if withdrawal is 10K INR or more per day. So, we can withdraw 9999*30 without any tax, per month.

"poker amounts to gambling and is a game of pure chance"

-not pure chance. Even the late chess candidates tourney that had all players about 2800 rated top players was more a game of pure chance.

"poker cannot be a game of skill as a player simply gets the cards according to chance and the player who gets better cards wins."

-this was proposed by one politician in Finland also. And his argument for players being able to calculate "probabilities" doesn't change that fact. Obviously, it wasn't a fair trial as it has been proven that poker is also a game of skill and for how much depends on known factors. If one plays this or that many hands or is a professional, it is a game of skill, and if something less, it is a game of chance, to put it simply and there are laws in the world for that, as far as they can prove someone is winning with skill.

Often times trading is not considered as gambling but is taxed where gambling necessarily isn't. Poker is closer to trading than gambling. If poker is a game of chance, maybe (not really) the antigambling arena of Mumbai will have it tax free when it gets more legal. For that reason it isn't always better that poker is legally a game of skill, although at many places in India it has been important that it is considered a game of skill instead, as gambling is illegal. But still, if things are changing. It has been taxed even when it has been considered as gambling, so that isn't too likely changing here.

"Secondly, he pleaded that no license or permission is required for playing poker in a private premises amongst friends and that there was no law or rule violated in playing the game of poker. The third argument raised is that poker is a game of skill, exempt from the ambit of gambling under the Maharashtra Prevention of Gambling Act."

"His lawyer Ram Mani Upadhyay also submitted that the game of poker has been recognised by the High Courts of Karnataka and Calcutta. The public prosecutor on the other hand relied on the order of the single judge of the Gujarat High Court that ruled poker to be a game of chance that fell within the ambit of the Bombay Prevention of Gambling Act."

-Funny how someone picks it based on a previous "Mumbai"/Gujarat case rather than all cases and the facts, but obviously it wasn't a far fight for one reason or the other.
-Mumbai has its own laws, so it could be fine outside of Mumbai/Maharashtra then.

"The decision of the court is however certainly going to be a huge setback for poker in India as it comes months after the Gujarat High Court’s judgement (which is now in appeal before a division bench of the same court)."

-monkeyism.

Any decent poker rooms (with round-the-clock action) and reasonable rake? Last I checked all the poker rooms in India have absolutely ridiculous rake. Here's some info from an admittedly old article https://in.pokernews.com/news/2011/0...guide-1500.htm

That's 5000 INR or US$77 max rake.

I also read somewhere that two guys paid heads-up for rollz for $1000 each and when one player finally busts after about 2 hours the winner had $1100 lolz.

it was 5% UNCAPPED on the casino boats in Goa a few years ago

it was £20 ish entry but after so many hours it was refunded, I played 100/200 and didn't see a pot over £1300 eq and rake was £65 and so maybe its capped at £77 like it says

Are players from outside India able to play on adda52 ?

any one for 10/20 NL in Bangalore?

No, but you might be able to play under an Indian's account. I was staked to play on Spartan Poker once, and didn't hide my IP or anything, apparently it was all cleared with management before hand.

Having been in india for 6 month I feel obliged to give my 2 cents to this.
There cant be a poker boom coming from india!

99% of the indian internet is crap, is not reliable, and if you suspect indian people playing for large sums of money with the knowledge they can get disconnected at any given time in the middle of a hand you are crazy.

I just looked up spartan poker "India s no 1 poker site"

has 348 players online right now...

exactly

Not necessarily tbh, at the time I write those lines sport betting is booming in Africa , south East Asia and most of the third world actually, in phomn pehn , nagaworld casino is full of cambodians and a large percentage of them is far from Rich .

Gambling when you poor is a kind of an escape of your everyday shitty life / hope that you can have a better day/month/life if you hit, been there done that myself.

Asia is booming with a lot of money, people getting richer and richer, also their internet becomes better than ours. they are outdoing us westeners in many ways and will do much better than us in the future.
plus asians like to gamble it has been part of thier culture for centuries.

The poeple you talk about must be part of the corruption or westeners in africa.

The people that you want to play with are not poor.

The Indian scene is relatively small.
PPP Currency conversion rates on top of that mean it's probably not worth it to expand into it if you're not local.

One USD converts to about 70 INR
But what one USD buys you in the US, 20 INR buys you in India.

This means that for any given amount you earn in rupees and convert to dollars to spend in the US, Indians can take that same sum and buy 3.5 times as much stuff locally.

What this means is that you need to work within a small poker scene and, on top of that, really aim for what (by Indian standards) are some very fat and relatively rare whales.

Not worth it.