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James Fuller

PhonePe betting sites are becoming more and more popular in India, and today this e-wallet is accepted by many sportsbooks. However, not all of the sites that accept this method can be considered the best. This is why we’ve decided to provide you with not only everything you need to know about using PhonePe to bet online but also which sites have the most to offer bettors in India.

Best PhonePe Betting Sites in India

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Our welcome bonus is - 125% + 250 FS up to 45,000 INR

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To take part in the Promotion, you must select the desired bonus (for sports or casino) at the time of registration, then deposit your account with one immediate payment in the amount of more than 100 INR. The size of the standard bonus is 100% of the amount of the deposit.

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20/02/23

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Rules and explanations for participating in any of the Operator’s Games, maintaining your account with the Operator, Privacy Policy, and other important information is provided in separate links on the Website and shall be considered forming an integral part of these T&Cs.

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Top Betting Sites That Accept PhonePe

You will find the top PhonePe betting sites available in India below. We reviewed all available bookies. Using our expertise and experience, these sites stand out because of their banking, sports coverage and other factors:

  1. 1xBet – Deposit up to ₹100,000 through PhonePe
  2. MostBet – No withdrawal limits when using PhonePe
  3. CricBaba – Deposit & withdraw up to ₹99,000
  4. Fun88 – Sports betting markets from three bookmakers
  5. Shangri La – One of the top PhonePe betting sites for in-play markets

A Closer Look at What Makes Our Top 5 PhonePe Betting Sites Stand Out

We will now take a closer look at our favourite PhonePe betting sites. This section will make it easier for players in India to choose the best sportsbook for them. Our reviews will cover payments, sports markets, bonuses and more.

1. 1xBet – Deposit up to ₹100,000 Through PhonePe

1Xbet betting site

When browsing accepted payment methods, we found that PhonePe is one of many convenient options available to deposit and withdraw money. Payments are quick and secure, with 1xBet using SSL encryption and firewalls to protect players. PhonePe deposits start at ₹3o0, rising to ₹100,000. The minimum we were able to withdraw using PhonePe was ₹1,000.

Away from banking, 1xBet offers unrivalled sports coverage. We found thousands of daily pre-match and in-play markets. Soccer, cricket, tennis, basketball and eSports are some of the 40+ sports you can bet on. Along with a deposit bonus for newcomers, ongoing promotions at 1xBet include free bets, reload bonuses and cashback.

We found 1xBet’s customer service to be good too. Staff members became active in less than 1 minute via live chat. We also recommend downloading the 1xBet app. The app makes it simple to log in to your account and browse sportsbook markets.

What We Like:

  • Bets can be placed on 40+ sports
  • Live chat support is available 24/7
  • Deposits & withdrawals are available through PhonePe
  • UPI, cryptocurrencies and other payment options are also accepted

What We Don’t:

  • PhonePe deposits can take up to 1 hour

2. MostBet – No Withdrawal Limits When Using PhonePe

MostBet

Also licensed in Curacao, MostBet has been a popular Indian betting site since 2009. One of the things that impressed us about MostBet was the lack of withdrawal limits. We could therefore withdraw as much as was in our account with minimal fuss. PhonePe is one of many Indian payment methods accepted at MostBet. Others include UPI, NetBanking and Paytm.

MostBet is a particularly good sportsbook for cricket. We found excellent coverage of men’s and women’s competitions. You will find odds on the Indian Premier League particularly appealing. 24/7 live support is available. This is useful if you are having issues with payments.

Even though there is no app to download, we found the MostBet website works well on mobile browsers. On desktop or mobile, we enjoyed taking advantage of MostBet’s dedicated eSports page. Here, you can bet on CS:GO, League of Legends and many other games.

What We Like:

  • No withdrawal limits
  • Excellent site for betting on popular eSports
  • Mobile-friendly betting site that works well on all browsers
  • Top cricket betting odds that can be viewed in decimal, fractional and American formats

What We Don’t:

  • No downloadable mobile app is available

3. CricBaba – Deposit & Withdraw Up to ₹99,000 With PhonePe

Cric-Baba

At CricBaba, we used our UPI ID to deposit using PhonePe. Starting from ₹300, instant deposits are available through this payment method. We liked that PhonePe could be used for withdrawals too. You can withdraw a maximum of ₹99,000. Launched in 2016, CricBaba has a good reputation thanks to its range of sports markets and generous promotions.

CricBaba was rewarding when we placed multiple bets, thanks to the “Combo Boost” promo. You can have your winnings boosted by up to 30%. There is an Android mobile app available, which we found makes betting on mobile easier.

What We Like:

  • Mobile app available on Android
  • Instant deposits through PhonePe
  • High maximum limiits for PhonePe
  • Up to 30% extra winnings on multiple bets

What We Don’t:

  • No sports live streaming

4. Fun88 – Sports Betting Markets From Three Bookmakers

Fun88

Fun88 is operated by E Gambling Montenegro. PhonePe is available through UPI, with  NetBanking, Google Pay and AstroPay being accepted too. You can deposit just ₹100, which is the smallest amount we found when testing top PhonePe betting sites.

We enjoyed the number of free bets that can be won at Fun88. Sports markets come from three bookmakers, Saba Sports, B2B and Fun88. This means you can take advantage of odds from all bookies when signing up.

As well as traditional sports markets, a host of virtual sports are found. These include soccer, tennis, basketball and horse racing. We also liked the fact that although Fun88 was dropped as Newcastle’s shirt sponsor, it remains the club’s official Asian betting partner thanks to a multi-year deal.

What We Like:

  • WhatsApp support is available
  • Minimum deposits of ₹100 with PhonePe
  • Place bets using the iOS & Android betting apps
  • Ongoing sportsbook promotions include cashback and free bets

What We Don’t:

  • No live streaming

5. ShangriLa – One of the Top PhonePe Betting Sites for In-Play Markets

ShangriLa

ShangriLa is a betting site where nearly 50 different sports are covered. We were pleased to find cash out and bet builder features, which added to our experience. Shangri La is one of the top cricket betting sites, with hundreds of daily soccer markets being available too. In-play odds are particularly impressive. This suits players who like to bet on events that have already started.

PhonePe is one of many payment methods. You can also select UPI, NetBanking, Google Pay, cryptocurrencies and other options. You can withdraw money quickly too. This is because the KYC process at ShangriLa is completed efficiently.

What We Like:

  • Cash out and bet builder features are available
  • Betting site operated by Curacao-licensed company
  • Instant withdrawals available with selected payment methods
  • PhonePe, UPI, NetBanking and other popular payment methods are accepted

What We Don’t:

  • A small number of ongoing sports betting promotions

How Our PhonePe Bookmakers Compare

Finding the best betting sites that accept PhonePe starts with comparing what each has to offer. This is why we’ve decided to help you out by providing more information about processing times, fees, and welcome offers available at our recommended sites.

Betting Site Welcome Bonus Minimum Deposit Maximum Deposit Deposit Fees Deposit Time Minimum Withdrawal Maximum Withdrawal Withdrawal Fees Withdrawal Time
1xBet 100% bonus up to ₹26,000 ₹300 ₹100,000 None 15 minutes – 1 hour ₹1,000 ₹50,000 None Up to 2 days
MostBet 100% up to ₹34,000 ₹300 ₹50,000 None Instant ₹1,000 No limit None Up to 3 days
CricBaba Up to ₹25,000 + ₹666 Free Bet ₹500 ₹99,000 None Instant ₹500 ₹99,000 None Up to 2 days
Fun88 ₹1,000 Free Bets 1st Deposit Bonus ₹100 ₹50,000 None Instant ₹500 ₹100,000 None Up to 3 days
ShangriLa 100% bonus up to ₹4,000 + 20 free spins ₹300 ₹50,000 None Instant ₹500 ₹99,000 None Up to 2 days

About PhonePe and How It Started

PhonePe Logo PhonePe was established in December 2015. The company headquarters is based in Bengaluru, Karnataka. The PhonePe app went live in August 2016 and the app itself operates on the Unified Payments Interface (UPI).

The digital payments system has won several awards to date. They include Excellence in Insurtech at Assocham’s Fintech & Digital Payments Awards 2021 and Best Campaign under the Telecom & Technology category at the IndIAA Awards 2018.

PhonePe now has over 500 million users. They are spread across 99% of India’s postal codes. Such success has seen PhonePe move into other markets, such as insurance, mutual funds, stock broking and lending.

Pros and Cons of PhonePe Betting Sites

Like all payment methods, PhonePe comes with both advantages and disadvantages. So, before signing up on one of our recommended PhonPe betting sites, be sure to consider the following pros and cons.

Advantages

When testing PhonePe betting sites, we found that these are the main advantages:

  • Fast & Secure Payments – Deposits processed through PhonePe are usually instant. This payment method can also be used for withdrawals, which are completed in up to 3 days. Your details are safe using PhonePe too. A PIN code is used to authorise payments. 128-bit SSL encryption also helps to protect users.
  • Simple Sign-Up & Verification – You can create and verify your PhonePe account in minutes.
  • No Fees – Unlike some other payment methods, there are no fees to worry about when using PhonePe.
  • Availability – PhonePe is now accepted on many betting sites in India. On all UPI betting sites, you can use PhonePe to deposit and withdraw money.
  • Rupees Accepted – As an Indian payment system, Rupees are accepted. As a result, there are no conversion fees to consider.

Disadvantages

Like all payment methods, PhonePe also comes with limitations when betting online. The main disadvantages are outlined below:

  • Delayed Payments – 1xBet is an example where PhonePe deposits may not be instant. Delays sometimes occur. This means that you can have to wait up to 3 hours for your payment to be validated. 

How to Create a New PhonePe Account

How to deposit on betting sites with PhonePe? The first thing that you will need to do is create an account with the payment operator. The step-by-step guide below outlines exactly how to do this.

  • Download the PhonePe App: Start by downloading the PhonePe app on your smartphone or tablet. The download link for iOS and Android users can be found on the App Store and Google Play, respectively. Tap the link and wait for the download to complete.
  • Enter Mobile Number: Open the app and enter a valid mobile number. This must be the mobile number connected to your bank account.
  • Verify Mobile Number: Select “PROCEED”. Open the SMS and enter the OTP to verify your mobile number.
  • Enter Personal Details: Complete the process by entering the required personal details. This includes your full name, date of birth and address.

How to Start Betting Online With PhonePE

Now that you have a PhonePe account, you can start depositing money to your chosen betting site. We have outlined the steps needed to get started at a PhonePe betting site.

Step 1: Add Bank Details

On the PhonePe app, select “ADD BANK ACCOUNT”. Choose one of the banks listed. Your bank account will located automatically using your mobile number. Validate your bank account and set your UPI ID. Complete this step by creating a UPI PIN.

PhonePe App

Step 2: Create a Betting Account

Enter one of the betting sites that accept PhonePe. If you are not already a member, create an account. Otherwise, simply login to your existing account.

1xBet Register

Step 3: Deposit Money

Access the cashier page and select “Deposit”. Choose UPI as your preferred payment method. Open your PhonePe app and send the required amount using the UPI ID for the sportsbook. Complete the payment by entering the transaction number.

1xbet Deposit

Step 4: Place Bets

Wait for funds to appear in your betting account. Once available, you can place bets on your chosen sports and markets.

1Xbet betting site

Is it Possible to Withdraw From Betting Sites Using PhonePe?

Yes, you can use PhonePe to withdraw money from your betting account. It is possible to withdraw funds to any bank account linked to your PhonePe wallet. You must consider the minimum and maximum withdrawal amount. This will likely be between ₹300-₹1,000. Users can also use an ATM to withdraw cash using UPI.

The Best PhonePe Alternatives Available on Betting Sites in India

PhonePe is one of many safe, convenient and fast payment methods available today. Indian players have a host of options when banking on betting sites. If you are not convinced by what you have read on PhonePe, these are some alternatives.

Paytm

Paytm specialises in digital payments. Founded in 2010, Paytm facilitates instant deposits. Many link their Paytm account to UPI, Skrill or Neteller. Payments are authorised using a VPA code, with no extra fees being incurred. The Paytm app is available on iOS and Android and today there are several Paytm betting sites in India to enjoy.

MuchBetter

Launched in 2016, MuchBetter is an e-wallet available in 150+ countries. The MuchBetter app is used to process payments. MuchBetter is the first to use a dynamic CVV code. This refers to the three digits on the bank of your bank card. When using a MuchBetter card, the numbers change, offering extra security.

Bitcoin/Cryptocurrencies

An increasing number of betting sites in India accept cryptocurrencies. Bitcoin, Ethereum, Litecoin, Dogecoin and Tether are just some examples. With instant deposits and withdrawals, digital currencies also offer anonymity. Betting sites with bonuses specific to crypto users are now common.

What We Have to Say About Using PhonePe to Bet Online

PhonePe is quickly becoming the go-to method for many online bettors and because it can be used at some of the best betting sites in India, players have a good alternative to other local methods such as Paytm, Skrill and NetBanking.

Available for deposits and withdrawals, PhonePe offers instant deposits and speedy withdrawals. After comparing various options online, we believe that the betting sites listed in this guide are all excellent choices for Indian bettors looking to wager and win using this method.

FAQ

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James Fuller

James Fuller is a sports journalist based in Bath, England. Specializing in sports and iGaming, he has worked for a variety of leading online publications in the past, having first created content for safebettingsites in 2020. James also has a degree in Sport & Leisure Management from Sheffield Hallam University. He also has a certificate in Football Communication & Digital Media from the Sports Business Institute in Barcelona, which James has used to help brands enhace their following and reputation on online platforms. With almost a decade of experience in sports writing to his name, James has received outstanding feedback from existing and former clients.