Rs 25,000 crore riding on election, Champions Trophy | mumbai | Hindustan Times
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Rs 25,000 crore riding on election, Champions Trophy

mumbai Updated: Sep 26, 2009 01:34 IST
Manish Pachouly

For the bookie community, the financial meltdown and rising prices have meant nothing.

While the rest of the country chants austerity, for those in betting circles, the party continues, fuelled by cricket’s upcoming Champions Trophy and next month’s state Assembly election.

There’s reportedly Rs 25,000 crore invested in both the bets.

Of that amount, the state election will attract Rs 15,000 crore, according to a Mumbai-based bookie.

And election’s betting, it’s not just bookies and regular punters looking to making a killing, even the politicians are known to be trying their luck.

The bookie said, requesting anonymity, as the entire business is illegal, that about six state politicians had a meeting with 12 outstation bookies — specialists in opening election rates — who were in the city for four days since September 18.

In Maharashtra, about 25 top and mid-rung politicians have reportedly bet money on this election’s results.

“The bookies — from Jaipur, Delhi and Kolkata — were in Mumbai to study the political situation,” the bookie said, adding that the rates opened by these bookies are circulated across the country.