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Tuesday, 02 April 2019 00:00

Betters hedge at 1:10 on TDP defeat Featured

It was a routine raid on a private hotel based in Vijayawada. But, the police were shocked beyond belief to find that those arrested were part of a betting cartel. The cops found costly laptops, over rs 40 lakh in cash and credit and debit cards. The books seized showed details of the election betting operations. The details left them shocked. Punters from all over the two Telugu states were hedging their bets. Among those who were hedging bets were people from Warangal, Hyderabad and Nizamabad and the amount involved were of the order of several crore. The pocket diaries seized had details of 30 to 40 seats which they categorised as hot seats. These seats are mainly from Kadapa, twin Godavari districts, Krishna and Guntur. Most of the bets hedged were about the TDP defeat. The betting ratios were 1:10 and were no less than the IPL betting.
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