Mumbai
The usual sounds of a cricket match in the background as bookies take calls, has now been replaced by the noise of news channels: because the odds on Srini-bets will move as news breaks.
Updated : Nov 21, 2013, 01:44 PM IST
Tainted BCCI chief N Srinivasan wasn’t very convincing when he told the media he would not be bulldozed into resigning. Among the people he failed to convince were Mumbai’s bookies. They are so certain about Srinivasan’s exit that they are offering Rs 3.50 for each rupee bet on him keeping his job. Betting on his ouster yields only a 20 paisa profit to the rupee.
Spot rates will keep changing, say bookies, and things like timing (such as: will he last the day) will be taken into account in bets on Srinivasan. An Ulhasnagar bookie said about Rs 50 crore worth of ‘Srini bets’ have come in over the last two days.
This past week has been taxing for bookies, most of whom have had to move base or suspend operations, but it has created some opportunities as well. The usual sounds of a cricket match in the background as bookies take calls, has now been replaced by the noise of news channels: because the odds on Srini-bets will move as news breaks. For this one, the fixers are at work in Delhi and Kolkata — where the IPL finals take place on Sunday.