Yes! What you have heard is right, With technology helping and gambling being legal in the UK, around Rs 2,000 crore will be gambled on Sunday’s Champion’s Trophy final between Indian and Pakistan, according to estimates by the All India Gaming Federation (AIGF).
India appeared to be a clear favourite of bookies but not by a large margin. For instance, if one bets an amount of Rs 100 on India, and if India team wins, one will get back around Rs 147, According to Betfair. On the other hand, if Pakistan wins, one will earn around Rs 300.
“It has been estimated by many studies that roughly a total of Rs 2 lakh crore is gambled on all matches that India play throughout the year, And since this is the first time India and Pakistan will be meeting in the final of a cricket tournament in around 10 years, the bets are high,” said Rolland Landers, CEO of AIGF.
The outcome of the match is just one part of the betting exercise. One can also gamble on many other aspects of the game, such as 10-over score by each team or even total scores by both and in many ways.
Although gambling is illegal in most parts of the country, Indians can lay their bets through UK websites (Such as Bet365) through their international credit cards and e-wallets.