Betting in india is illegal. Though cricket betting in betfair is mainly dominated by NRI's.
Yeah Betting is illegal.! but here we are talking about friendly betting i guess..! like when you bet whether we are going to win or not for a Bottle of coke or maybe booze, whatever you like .. !
i think with out money betting is taste less
so money is very important of betting .if you need dare for betting and be prepared for loss