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Board makes Rs 350 crore from IPL

The BCCI may be richer by Rs 350 crore this year, thanks to the IPL while bookies have done a business of about Rs 22,500 crore, reports Manish Pachouly.
Hindustan Times | By Manish Pachouly, Mumbai
UPDATED ON MAY 31, 2008 03:04 AM IST

The Board of Control for Cricket in India (BCCI) may be richer by Rs 350 crore this year, thanks to the Indian Premier League (IPL). But the illegal betting network has seen business worth 65 times this amount.

Bookmakers across the country have done business of about Rs 22,500 crore before the IPL semi-finals and final. Each match saw betting of Rs 400 crore or more.

The tournament, however, had bookies puzzled over predictions. “Teams have mixed players, some from other countries and some rookies. Predictions were difficult,” said a Borivli-based bookie.

This was also why punters lost around Rs 15,000 crore in the tournament. “Initially, the Bangalore team was pegged to win while Jaipur was last in the list of favourites,” the bookie said. While Bangalore eventually made an embarrassing exit, Jaipur made it to the semi-finals. The only team that did not let the bookies down was Chennai.

Bookies are pitching for Mohali to win the tournament. The odds on the team winning are Rs 2.25 per rupee. If the team wins, a punter betting in its favour would get his rupee back, along with Rs 2.25. Second on the list is Delhi, followed by Jaipur and Chennai.

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