The sad loss of Indian Cricket team in the final match of the ICC
Champions Trophy against arch-rivals Pakistan, in London, not only left
millions of cricket fans devastated but also broke hearts of hundreds of
bettors and bookmakers.
As per the estimate, there was around
80-90% of Indian punters who staked their bet on the men in blue. There
were high chances that the firm favorites with an incredible record of
12-2, against the neighbors, would definitely win.
The
eye-popping media covered to match, which transfixed the entire
population of the two countries had around Rs. 2000- Rs. 2500 crore
riding. There is no legal provision for betting in India except Horse
Racing and casinos in some states. Sikkim is the only state to allow
legal betting on cricket in India. However, the underground betting
market in India is observed to be strong and worth thousands of pof
crores.
There was no betting on Hockey Match:
The bookies
confirmed that there was huge money riding on the match on India’s win,
not only in the nation but in many countries abroad. This primarily
included Gulf countries as India Vs. Pakistan is one major sports event.
However, the Hockey World League semi-final game on Sunday had
no bettors interested. "When the (cricket) match started, the odds were
in favor of India. If the Men in Blue would have won the match, then
punters would have earned 80 paise for every rupee while Pakistan's rate
was around Rs 3.40," said a Delhi-based bookie to a reporter.
The bets witnessed patriotism:
"It
is certain that most of the Indian punters burnt their fingers in the
match. The Indian team was stronger and had also defeated Pakistan in
the tournament earlier, so huge money was riding on it. Even
patriotism was at an all- time high and maximum bets were placed on Team
India," said Jay Sayta, founder of GLaws.in, a gaming laws' web portal.
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