As per the latest May 2 buzz is the ‘date of interest’ for the bookies for high betting in Telangana as Coronavirus scene worsens.
Bookies are busy cashing in on the lockdown fears. They are betting on whether or not the Telangana government will impose a fresh lockdown. As per the latest buzz, May 2 is the date of interest for the bookies.
“Those betting on lockdown predictions are, however, unorganised and it happens either as a one-to-one case or in less-organised manner, making it difficult for us to track, trace and arrest them,” said the official.
Those who place bets on matches and games said since the Covid-19 pandemic has forced cancellation of sporting events, bets are now being placed on the dates of a likely lockdown, the infection rate, the death toll etc.
“Usually the money placed on lockdown dates has a longer-term validity. Short-term bets included infection and death counts in different cities. During the initial lockdown phase, the public was mostly placing their bets on when the restrictions would be lifted. If the odds are in favour of Coronavirus, it means you are betting that the cases will rise or the lockdown will continue,” said a punter who placed bets in the last few months in Hyderabad.