There is a suggestion that betting in sports be legalized. Personally, I find merit in the suggestion. But even then there should be no nexus or deal with sports person. There is risk of sports events losing genuineness in that case.

http://timesofindia.indiatimes.com/sports/more-sports/others/Legalise-sports-betting-keep-criminals-at-bay-say-experts/articleshow/13876084.cms

G. K. Ajmani Tax consultant
http://gkajmani-mystraythoughts.blogspot.com/

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This is legal in many countries and doing successfully. You might have heard them using 'I would not put my money on' as a common phrase. But here in our country where every thing including child's milk is contaminated you can not expect to do them this with any sportsmanship or ethics.

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