Written by:
Paul Ricci
Fact checked by:
Damjan Jugovic Spajic
Updated:
March 12, 2024

5 Best Paytm Betting Sites in India

Paytm Betting Sites in India

Paytm advertises itself as India’s most-loved payments app, and after securing the Best Fintech App award at the IAMAI India Digital Awards 2024, there is no argument about the quality of service it offers. Since its launch in 2010, Paytm has constantly provided excellent mobile payment services and has become one of India’s most widely accepted payment options for online gambling.

Paytm offers several benefits, such as instant payments, zero transaction fees, 24/7 support, and high-level security, that make it a massive hit among bettors. It’s also straightforward to complete payments with Paytm since all you need to do is select Paytm as your deposit option on your betting site, enter the deposit amount, and the OTP you receive to complete the transaction.

Since the Ministry of Finance placed a 28% tax levy on offshore gambling sites in late 2023, many top betting sites have slowly ceased operations in India. Therefore, there is a need to find new Paytm betting sites that are trustworthy and safe to visit. In this guide, we look at some of the best Paytm betting sites to visit and provide an in-depth analysis of the Paytm payment service.

How Paytm Online Betting Works in India

Paytm is a digital wallet that supports online and offline payments in the Indian market. The service allows you to complete various transactions, such as subscription payments, utility bill payments, online shopping, and payments on apps that accept Paytm, like sports betting sites.

To use the Paytm service, you need to set up an account through the Paytm mobile app. After that, you can log in on the PC version by scanning a QR code from the official Paytm website.

Once your Paytm account is complete, you will have access to the Paytm wallet service, but you’ll need to connect to a bank account to use the Paytm UPI payments option. If you don’t connect a bank account, you’ll be unable to fund your wallet and require a third party (family or friend) to help send money whenever necessary.

As a payment option on sports betting apps, Paytm functions like any other e-wallet, offering instant payments with no fees. All you need to do is select Paytm as your deposit option, enter an amount to fund your online betting account and process the payment via your Paytm app.

Online Betting Sites Accepting Paytm

1xBet India

4.4/5
  • Minimum Deposit ₹55
  • Huge choice of markets
  • Great odds
  • Big choice of payment options
  • Slow Customer Support
  • Small bonuses
120% Bonus Up To 33,000 INR
Play Now

With top sportsbooks like Betway and bet365 ceasing operations in India, many IN sports betting sites are stepping up to secure a place as the top operator in the region. To help you narrow down the list of top sites to visit, we’ve made our selection of the best Paytm betting sites in India:

Top Paytm sports betting sites India:

🥇1xBet

1xBet has become a powerhouse for sports betting in India, and its strategic partnerships in various sports markets make it one of the most trustworthy platforms to visit. This Paytm betting site offers access to more than 2,000 events from over 40 sports markets, including cricket, football, tennis, volleyball, Toto, and more.

As a new customer on 1xBet, you can claim a 120% deposit match bonus of up to 33,000 INR on your first deposit. You can also choose from an extensive list of payment options, including Paytm, PhonePe, JioPay, Net Banking, and more.

1xBet offers highly competitive odds to its users, with the option to place parlays, totals, futures, live bets, and more. Although the 1xBet website can initially be overwhelming, the bonuses, features, and competitive odds make it worthwhile.

✅Pros

❌Cons

1xBet India

4.4/5
  • Minimum Deposit ₹55
  • Huge choice of markets
  • Great odds
  • Big choice of payment options
  • Slow Customer Support
  • Small bonuses
120% Bonus Up To 33,000 INR
Play Now

🥈Parimatch

Parimatch offers access to all the top sports betting markets, allowing users to place bets on top Cricket events, football matches, basketball, Toto lottery, virtual sports, horse racing, and many more.

There is a top parlay feature that provides access to a list of other users’ best parlay bets. On this list, you will find the individual bets that make up the parlay, the total odds, and the % parlay bonus on each bet. With a simple button click, you can add any parlay of your choice to your bet slip and place your bet.

Parimatch is a unique site that accepts cryptocurrency payments from bettors, and these may come in handy as an alternative payment option. There is a 24/7 support service on Parimatch with quick responses from the support team, and responsible gambling features are also available on the site.

✅Pros

❌Cons

🥉BetWinner

BetWinner is another excellent sports betting destination for anyone residing in India. Although its welcome bonus of a 100% deposit match up to 8,000 INR doesn’t match what many other sites offer, access to live betting, live streaming, and early cashout services make it a decent addition.

More than 20 sports markets are available on BetWinner, including cricket, football, baseball, cycling, golf, handball, and more. You can also access virtual sports and e-sports betting services for a more diverse and exciting selection.

BetWinner’s payment options include Paytm, UPI, Sticpay, Skrill, and cryptocurrencies. The 75 INR minimum deposit makes it the perfect choice for low rollers with limited funds.

✅Pros

❌Cons

Why We Selected These Paytm Betting Sites

With so many offshore sports betting sites available in India, finding the best that also accept Paytm can take time and effort. Nonetheless, our experts have certain factors they consider when assessing a betting site, and these have been implemented in curating our list of top betting sites with Paytm for you to visit.

The first consideration is the regulatory body behind the operator’s license. Since there is no regulatory body for online sports betting in India, operators with licenses from Malta, Curacao, and other regulators can offer their services in the country. Therefore, we’ve only added selected sites with licenses from reputable regulatory bodies to our list.

The next area we assess is the bonus selection, and we do so by asking these questions: 

These are some of the questions we ask when assessing the bonuses, and only operators that get a positive response to these queries make our list.

The selection of payment options on the betting site also significantly impacts our decision. In addition to the Paytm service, you’ll have access to alternative payment options like UPI, PhonePe, Cryptocurrency, and many more.

The sports markets on the betting site are another essential factor we consider. We prioritize sites that offer access to various cricket markets, such as the T20 World Cup, ODI Matches, IPL, ICC Champions Trophy, and more. Our recommendations also allow you to bet on football, basketball, horse racing, and many other popular sports.

Other factors we consider include the availability of customer support channels, downloadable mobile apps, live betting options, early cashouts, and competitive odds.

How to Deposit with Paytm at Online Betting Sites

You must first set up your account to use the Paytm option on betting sites. Paytm doesn’t allow you to create an account on its website, but you can take these steps to register using its mobile app on your smartphone:

  1. Visit the Google Play store or App Store and download the Paytm App.
  2. Launch the app, enter your mobile number, and proceed.
  3. Paytm will verify the mobile number before proceeding to the next step.
  4. Now, you can link your bank account and activate UPI (Unified Payments Interface).
  5. Tapping the link bank account option will allow Paytm to search for associated bank accounts you can link to or manually add a preferred account.
  6. Choose to receive money from any UPI app on your mobile number and proceed to complete your registration.
  7. Add funds to your Paytm wallet using your linked bank account, Net banking, bank cards, or through Paytm Payments banks.

To deposit money into your sports betting account, you can use the Paytm UPI or Paytm Wallet option, depending on your preference. The process for each option is slightly different, but it should be fine if you follow the steps we provide.

If you select the Paytm Wallet option, these are the steps you need to take:

  1. Sign into your sports betting account and click on deposit.
  2. Choose Paytm Wallet as your payment option and enter the amount you want to deposit.
  3. You’ll be redirected to the secure payments page, and you can enter the phone number associated with your Paytm Wallet to proceed.
  4. A One-Time Password (OTP) will be sent to your mobile number, and you must provide this OTP to authorize the payment.
  5. If you provide the correct details, the payment will be successful, and your deposit should be in your sports betting account.

On the other hand, if you select the Paytm UPI option, these are the steps to complete your deposit:

  1. Select Paytm UPI from the options to proceed to the Paytm UPI deposit page. 
  2. Find the Paytm UPI ID on the screen and copy the ID.
  3. Launch your Paytm app, select the option to transfer To UPI Apps, and enter the UPI ID you copied.
  4. Enter the amount you want to deposit (must meet the minimum deposit requirement) and wait for the payment to complete.
  5. Return to the betting site and enter your Paytm UPI ID, UPI Name, and UPI ref. No.
  6. Your deposit request will be created, and you’ll need to wait for the operator to verify the payment and add your deposit to your account.

Although the Paytm Wallet option is faster and less stressful than the Paytm UPI option, some betting sites may offer only one of these options. Therefore, knowing how to complete your payments using any Paytm option available is a good idea.

Paytm Minimum and Maximum Deposit Limits

Paytm doesn’t have a minimum deposit limit or minimum balance to have in your wallet. As a result, Paytm minimum deposit limits vary depending on the sportsbook you select for betting. For example, 1xBet has a 350 INR minimum deposit requirement for Paytm wallet deposits.

Although sports betting sites set a maximum deposit limit for Paytm transactions, your ability to hit this limit depends on the type of Paytm KYC verification you complete. Paytm offers two KYC verifications, which affect the maximum balance you can maintain in your wallet as follows:

How to Withdraw From Paytm Betting Sites

Paytm is one of the many payment options available for deposits and withdrawals on sports betting sites. To process a Paytm withdrawal, you first need to have a balance that meets the minimum withdrawal requirement set by the operator. On a site like 1xBet, there is a 600 INR minimum withdrawal requirement and a 50,000 INR maximum withdrawal limit with Paytm.

If you meet the minimum requirement, you can take these steps to process a withdrawal on any sports betting site:

  1. Open your sports betting account and go to the cashier section.
  2. Click on the withdraw option and select Paytm.
  3. Enter the amount you want to withdraw.
  4. Complete your account verification or provide any additional verification document the operator requests for when you try to process a withdrawal.
  5. Wait for the operator to approve your withdrawal request, which can take a few days.

Although the withdrawal process on most betting sites is straightforward, certain conditions may apply depending on the sports betting site:

Withdrawal Processing Times

The withdrawal processing time usually depends on the betting site you select. For most sites, payments via Paytm can take 1 – 5 business days to complete.

Fees and Charges when Betting with Paytm

One of the benefits of the Paytm wallet is that it doesn’t attract additional fees from the service provider. However, there are instances where sites that accept Paytm may charge fees on deposits or withdrawals using this option. If the betting site charges an additional fee, you’ll be notified on its terms and conditions page or before processing a transaction.

Tips for Managing Your Bankroll at Paytm Betting Sites

Your bankroll is the money you set aside for sports betting activities. Although you must be prepared to lose this money, there are several actions you can take to minimize your losses and grow your bankroll sports betting:

Claim Bonuses Often

The easiest way to grow your bankroll is through bonuses. Sports betting sites have many of these offers available, including a welcome offer, daily bonuses, seasonal bonuses, and more. However, it is important you go through the T&Cs before claiming any of the bonuses you find. 

Build Your Bankroll on a Budget

Learning to follow a budget is a crucial responsible gambling habit you must develop for sports betting. With the right approach to budgeting, you’ll learn to make smarter decisions when placing bets, which will help you manage your bankroll.

Your gambling budget should only consist of money available after you meet your monthly expenses. However, this doesn’t mean that you should rush to fund your betting account when you come into a windfall. A one-time influx of cash like an inheritance, tax refund, or work bonus shouldn’t count towards your bankroll.

Go for High-Quality Bets

Just because you have enough money to place 20 bets daily doesn’t mean you should be doing so. To become a successful bettor while protecting your bankroll, you must only focus on high-probability bets that you’re likely to win.

For this to work, you must develop an excellent strategy, compare odds on various sports betting sites, and avoid betting out of boredom. Regardless of your bet size, if you place too many low-probability bets, your losses will quickly drive down your bankroll.

Be Confident in Your Strategy but Stay Disciplined

Having a great strategy is only effective if you’re disciplined. Depending on the quality of your strategy, you may experience winning streaks that can boost your confidence as a bettor. However, this shouldn’t cause you to make irrational decisions.

If you’ve been placing bets worth 1% of your bankroll, you must maintain this approach. Regardless of how many consecutive wins you get, no betting strategy is failproof, and being overconfident can cause you to lose all your accumulated profits.

Avoid Parlays as Much as Possible

Parlays are a fun way to bet, and many sports betting sites often advertise big wins from these bets to attract bettors. However, despite the potential payouts, you take on a higher risk when opting for a parlay.

Pros and Cons of Using Paytm for Online Betting

✅Pros❌Cons
Paytm uses 128-bit encryption to protect its usersIrregularities in how Paytm implements its KYC operations have led to ongoing issues with the Reserve Bank of India (RBI) that may affect customers
You can use Paytm for deposits and withdrawals
There are no transaction fees from the Paytm service provider
Chance to gain cashbacks from using the Paytm services

Alternatives for Betting in India

Paytm may be a top payment option for sports bettors in India, but it’s just one of the many options you can use. As alternatives to Paytm, you’ll often find some of the payment options we list below:

Skrill, MobiKwik, Net Banking, and cryptocurrencies are other options you may find, and although these alternatives are usually relevant when you cannot access your Paytm account, you may also need to use them to claim unique promotions that require a specific payment option.

Betway India

4.5/5
  • ₹500 Minimum Deposit
  • Generous sign up bonus
  • Hundreds of betting markets
  • Fantastic betting app
  • Hard to contact support
  • Limited banking options
Free Bet Up To ₹4,000
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Melbet India

4.5/5
  • Minimum deposit ₹55
  • Esports betting
  • iOS & Android apps
  • Great Odds
  • Cluttered homepage
  • Some countries have restrictions
Free Bet Up To ₹800
Play Now

22bet India

4.3/5
  • India-friendly payment options
  • Low minimum deposit
  • 24/7 customer support in Hindi
  • Generous welcome bonus amount
  • Excellent odds
  • Multiple sports and markets
  • Extensive selection of cricket betting markets
  • No loyalty program
  • The betting site has a cluttered layout
100% Bonus Up To ₹11,000
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FAQs

  • What is the minimum deposit I can make on Paytm betting sites?
    The minimum deposit with Paytm usually starts from 200 INR on most betting sites. However, this requirement will vary depending on the betting site you select.
  • Does Paytm only work via a mobile app?
    No, you can also complete Paytm transactions on a PC. However, you must first create a Paytm account through the official mobile app. Once your account is set up, you can log in using a PC web browser.
  • Do betting sites offer withdrawals through Paytm?
    Paytm is supported for withdrawals on most sports betting sites, including those we recommend. However, some betting sites may restrict the use of Paytm for withdrawals to users who use it as their preferred deposit method.
  • Do I need a bank account to use Paytm?
    You can use the Paytm Wallet service without a bank account if you prefer this option. However, you can only access the Paytm UPI service if you connect a bank account.
AUTHOR
Paul Ricci

Paul Ricci is a resident sports writer at Minimum Deposit Betting Sites, largely focusing on the US betting landscape. His main interests lie in football (both the US and the non-US variants) and in developing and writing low-stakes betting strategies.