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Old 07-13-2012, 09:03 PM   #5
Big A

Join Date
Oct 2005
Age
50
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For that matter any benevolent venture that is proposed in India will be mishandled and abused. I am talking about organizations/reputed newspapers such as The Hindu which can employ a committee of retired judges, professors, civil service officers etc., and conduct such bets on a daily basis. The committee will just audit the operation. Lots of people are needed to participate with bets at a minimum of Rs.10. There can be so many bets devised. The bettors do not get any money if they win nor the organization which conducts the betting ( pro bono publico service). They can only assign it to a charity. For the sake of efficiency of distribution to the charity specific charities can be listed and the bettors should choose from among them.
In India betting is ab-initio illegal, so none of the retired judges, professors, civil service officers etc. would be joining such a venture.

The only exceptions made to the illegality of betting are (i) individual participation in lottery schemes where some State Governments have granted certain exemptions; and (ii) betting on race horses in select race courses (that too only on track betting is allowed). If I am wrong here, I would like to be corrected.
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