Horse Racing is a Game of Skill…in India, too

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Is horse racing handicapping a game of skill?

The current gambling laws in India are ambiguous. The Gambling Act, 1867, prohibits gambling and the setting up of gaming houses. However, it does not apply to “games of skill.”  Several court judgments have discussed the difference between “games of chance” and “games of skill”. In 1996, the Supreme Court ruled that betting on horse races is a game of skill, and not just luck. Delhi, Karnataka, Maharashtra, and Tamil Nadu allow betting on horse-racing, provided it is conducted on race courses and through licensed bookies. Gambling on rummy is also allowed.

“In a similar fashion, a game of cricket involves skills of players,” says FICCI’s Singh.

Read the rest from Business Today (India)

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About Editor

Rich Nilsen is a 12-time qualifier to the National Handicapping Championship (NHC), an event he has cashed in four times. He was the first player to finish in the top 10 twice. He recently won a $24,000 package into the 2016 Kentucky Derby Betting Championship. A former executive with Brisnet.com, Rich is also a graduate of the University of Louisville Equine Business Program. He is founder of AGameofSkill.com, a site devoted to horse racing education and promotion.

Comments

  1. Gabriel Collins says:

    Terrific Read, I loved the this horse racing section

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