There are different ways of placing bets for different events and mostly it is in the form of evens or odds.
A person who used to bet earlier talked to G Plus under condition of anonymity and said, “There are some bets which are considered as even when the returns are assured for the amount of money invested.”
He said that if someone bets Rs 100 on a team and this team wins, then the punter (the person who places the bet) will get double the amount invested, i.e. Rs 200. So, the money received is always even.
There is also another way of betting and this process is known as “odds.” The risk of losing money is more in this form as, till the end of the game or the event, the team the punter bets on have a big chance of losing.
The returns are huge in the “odds” betting. If someone is investing Rs 100, he/she has the chance of winning Rs 1000 or even more. The rates are fixed by the bookies and the odd betting rates are fixed outside the country, usually in Dubai or Malaysia.
According to betting industry sources, the Indian betting market is mostly dominated by people from south India and Gujarat.
According to sources, there are shops where hawala happens in every small town in the entire northeast region and all the towns are linked to Guwahati. The city is now the hub for the north-eastern betting racket. Guwahati is further linked with other states in the country.
