Punters bet on India
The historic India-Pakistan cricket series is being termed as the biggest event in the satta market after the 1996 Cricket World Cup, writes Chetan Chauhan.india Updated: Mar 11, 2004 01:19 IST
The India-Pakistan cricket series is being termed as the biggest event in the satta market after the Cricket World Cup played in the sub-continent in 1996. The initial estimate is that over Rs 10,000 crore will be transacted during the series. The betting for the five one day international matches will cross over Rs 4,000 crore. Even before the Indian team left for Pakistan on Wednesday, bets of over Rs 1,500 crore were already placed, punters said.
The satta operators predict the series to be close and keenly contested.
One, though Indians have a slight edge over Pakistan. The rates declared on Monday were 90 paisa for India and 1.15 paisa for Pakistan for the first one day international in Karachi on March 13. "The rate for India has been hovering between 85-95 paisa and for Pakistan between Rs 1.05-1.15 in the past one week," a satta operator said.
Punters say the rates are changing every day.
Putting money on India will mean that one will lose 10 paisa for each rupee if India wins. If the bet is on Pakistan and the team wins one will earn 10 paisa for each rupee invested. In case you lose the best, the entire money is lost. Bets are also placed on the runs a batsman will score and the number of wickets a bowler will take.
Cricket is not the only reason for punters to believe that India will win. "The NDA government can't afford India to lose the series in Pakistan when elections are around. We believe that though Pakistan may win a few matches, India will clinch the series," a north Delhi based punter said.
First Published: Mar 11, 2004 00:46 IST