Acting on a tip-off, police raided the Sai Palace bungalow in the city last night and arrested the five bookies, Assistant Commissioner of Police Pankaj Rahane said.
Ten mobile phones, a laptop and other betting related material were also seized from the place, he said.
Those arrested have been identified as - Rajendra Savna, resident of Nashik Road, Sameer Mahindra Mantri, Praveen Bhutada, Ravindra Dhage and Pankaj Somani (all from Buldhana, Maharashtra).