Chandramouli Venkat, a young mechanical engineer, never thought his passion for cricket would one day help him to buy his dream two-wheeler.
Venkat is among the many next-gen crowd who had mastered the art of making money playfully. Welcome to the world of fantasy games.
India may have lost the first T20 match against Australia in a nail-biter, but Venkat made a comfortable Rs 1 lakh on My11circle, the online fantasy cricket game promoted by the largest online card game provider RummyCircle.
An avid cricket buff, all that Venkat did before the match started was to select his team from the list of 30 probable players from both sides and made an initial payment of Rs 50 for participating in the game.
Selection of team also has set of rules such as restriction on number of foreign players and limit on number of bowler and batsman.
The first India-Australia match had 8,600 participants forming 11,350 teams on My11Circle. Each participant gains points as their players perform. The participant who collects the highest points gets cash prize.
My11circle had paid Rs 50,000 as second prize and distributed Rs 3.5 lakh among 5,685 teams including a minimum prize of Rs 50. Of the overall collection, the portal retains 20 per cent as its revenue.
“I along with my friends use to play matches on My11Circle without putting in any money and gained confidence. We are now waiting for Indian Premium League starting next week,” says Venkat.
Bhavin Pandya, Founder and Chief Executive Officer (CEO), Play Games 24×7 said there is no dearth of cricket experts in this country which is known as Mecca of cricket and every boy on the street believes he knows more than Harsha Bhogle or Sunil Gavaskar.
“We have just created a platform for them to express themselves. We have about 20 lakh registered players in RummeyCircle and even if half of them try their hands in cricket it will be a big success,” he added.
Fantasy games have started gaining traction with the recent Supreme Court ruling that monetary benefits gained by playing online sports is legal. The Rs 4,380-crore online gaming industry in India is expected to touch Rs 11,900 crore by 2023. As of last year, there were 250 gaming companies and 25 crore gamers, according to latest industry survey.
Though there are fantasy games-based on Indian Super League (football) and Pro Kabaddi League, cricket remains the biggest draw.
Source: The Hindu