Acting on a tip-off, the Commissioner's Task Force (East Zone) Team yesterday conducted simultaneous raids at three different places in Sultan Bazar area here and busted the racket where in one M Santosh along with his associates organised betting business and were illegally earning money, a release from Hyderabad Police said.
The fifth ODI was played at the Sydney cricket ground yesterday where India outplayed Australia by six wickets, but lost the five match series 4-1.
The accused were identified M Santosh, M Vinod, Shyam Sunder K, Arun Sharma and Ashish Agarwal.
Santosh was running the racket from his house and accepted betting over cell phones from punters and his close friends in an organised manner in Hyderabad during cricket matches, it said.
He received update of match betting ratio information on his phone from one Agarwal of Delhi, who is absconding, the release added.